Parabolic SAR Indicates Bullish US Stocks: $SITE $HTA $LECO – Wire Real Estate

Parabolic SAR Indicates Bullish US Stocks: $SITE $HTA $LECO




Sep 2, 2020

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SiteOne Landscape Supply Announces Pricing Of 2.15 Million Common Shares

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SiteOne Landscape Supply Inc. (NYSE:SITE) is trading above its Parabolic SAR of $119.65, thus the stock looks bullish. The company has announced the pricing of an underwritten public offering of 2.15 million common shares and also granted underwriters a 30-day option for the purchase of 322,500 more shares. Gross proceeds from the offering will be around $262.3 million or $301.6 million should underwriters exercise the option to acquire more shares. Net proceeds will be used for general corporate purposes.

Also, the company has acquired two distributors to expand its presence in Southern California and Atlanta. Alliance Stone serves the Atlanta market while Modern Builders Supply will be serving the Southern Orange, San Diego, and Inland Empire markets across California.

Healthcare Trust Of America Misses on Q2 2020 Revenue Estimates

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Healthcare Trust Of America Inc. (NYSE:HTA) is also looking bullish and currently trades above its Parabolic SAR of $24.85. The company recently announced its Q2 2020 results with earnings missing on estimates. The real estate investment trusted reported cash from operations of $77.5 million or $0.42 per share. Net income in the quarter was $13.5 million or $0.06 per share which missed consensus estimates of $0.41 per share. Revenue came in at $178.8 million which missed analysts' forecasts of $181.6 million but this was a 4.1% growth compared to Q2 2019. The medical office building real estate investment trust had a net margin of 4.45% with a 1.6% return on equity.

Lincoln Electric Holdings Launch New Ranger 260MPX Generator

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Another bullish looking stock is Lincoln Electric Holdings, Inc. (NASDAQ:LECO) which is currently trading above its Parabolic SAR of $95.04. The company has announced that it will take part in the upcoming September financial community events. Gabriel Bruno the CFO and Executive VP will attend the Vertical Researcher Partners 2020 Virtual Global Industrial Conference on September 9, 2020, and the Morgan Stanley Virtual 8th Annual Laguna Conference On September 16, 2020.

The company launched recently the Ranger 260MPX generator/welder that delivers 260 amps. Lincoln Electric indicated that the unit is 25% lighter, 20% smaller, 60% quieter, and 31% smaller by volume compared to other welder/generators.

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