US Stocks Surging Above Pivot Point: $LMT $BLK $NOW

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Lockheed Martin Bids For Designing Next-Generation Interceptor For Missile Defense Agency

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The current trading price of Lockheed Martin Corporation (NYSE:LMT) is higher than its pivot point of 370.94. It reflects bullish signals. The company stated that it will join the bandwagon for designing Next-Generation Interceptor for Missile Defense Agency. This Next-Generation Interceptor is meant primarily for protection of homeland against threats rooting from Iran and North Korea. The two countries pose intercontinental ballistic missile risks to the U.S. homeland.

The bids, which were due on July 31, have been completed. Lockheed has confirmed that it has put its name in the bidding spree. The missiles are a part of Ground-based Midcourse Defense System functional at Alaska and California.

BlackRock Buys Shares In India's Bandhan Bank

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BlackRock, Inc. (NYSE:BLK) is trading over and above its pivot point of 568.32. The trend indicates bullish sentiments. The company purchased shares of Bandhan Bank Ltd. in India recently. BlackRock and GIC Pte. Of Singapore together purchased a total of $1.4 billion worth of shares of Bandhan Bank, which is among the most profitable Indian banks.

According to the Indian arm of Moody's Investors Service, ICRA Ltd., the Central Bank in India has clarified its terms regarding shareholding in private banks. This urgency of selling stake by Bandhan Bank is indicative of Reserve Bank of India's on-track rules regarding shareholding.

Servicenow Posts Strong Second Quarter Results

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Current trading price of ServiceNow Inc (NYSE:NOW) is higher than its pivot point of 428.25, thus representing a bullish sentiment. Last week, the company announced its second quarter financial results for the period ending June 30, 2020.

In the second quarter, the company finalized 40 transactions worth over $1 million. This also includes two transactions valued at more than $10 million. These transactions are a part of new annual contract value. ServiceNow has 964 total customers and over $1 million in ACV. During the quarter, the company observed 26% YoY growth in terms of its customers.

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