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CAPT

FLYX

JBHT

SAIA

XPO

Five industrials sector stocks are identified as overbought based on their RSI values, indicating potential short-term performance concerns. These include flyExclusive, Inc. (FLYX), Saia, Inc. (SAIA), Captivision Inc. (CAPT), XPO, Inc. (XPO), and J.B. Hunt Transport Services, Inc. (JBHT). Analyst ratings, financial results, and recent price actions are highlighted for each.

Portfolio Pulse from Avi Kapoor

February 05, 2024 | 11:49 am

ALGM

BZH

META

PANW

PNST

Wall Street's most accurate analysts have made new stock picks, highlighting potential upsides in stocks like Meta Platforms, Beazer Homes USA, Palo Alto Networks, Pinstripes Holdings, and Allegro MicroSystems. These picks come from analysts with high accuracy rates, ranging from 87% to 89%, and are based on recent financial results and market movements. Notably, Meta Platforms is expected to see an 11% surge, while Pinstripes Holdings could see a 60% upside.

Portfolio Pulse from Avi Kapoor

February 05, 2024 | 11:49 am

EL

Estee Lauder Cos (NYSE:EL) reported Q2 adjusted earnings of $0.88 per share, surpassing the $0.55 estimate by 60%, despite a 42.86% decrease from last year's $1.54. Sales reached $4.28B, exceeding the $4.19B estimate by 2.12%, yet marking a 7.40% decline from the previous year's $4.62B.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 11:47 am

POR

B of A Securities analyst Julien Dumoulin-Smith downgraded Portland Gen Electric (POR) from Buy to Neutral and reduced the price target from $55 to $43.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 11:45 am

ACRXF

HAYN

Haynes International Inc (NASDAQ:HAYN) has agreed to be acquired by North American Stainless, a subsidiary of Acerinox SA (OTC:ACRXF), for approximately $970 million. The all-cash deal values Haynes at $61.00 per share, a 9% premium over its last closing price. The acquisition, expected to close in Q3 2024, will result in Haynes delisting from the Nasdaq. Haynes' CEO highlighted a $200 million investment into the U.S. operations post-acquisition.

Portfolio Pulse from Lekha Gupta

February 05, 2024 | 11:38 am

IDXX

IDEXX Laboratories projects its FY24 EPS to be in the range of $10.84-$11.33, aligning with the consensus estimate of $11.00. This forecast indicates a reported and organic growth of 8%-13%.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 11:38 am

SKYW

TD Cowen analyst Helane Becker has upgraded SkyWest (NASDAQ:SKYW) from Market Perform to Outperform and increased the price target from $55 to $68.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 11:32 am

IDXX

IDEXX Laboratories (NASDAQ:IDXX) reported Q4 adjusted earnings of $2.34 per share, surpassing the $2.12 estimate, and sales of $901.60M, exceeding the $891.25M estimate. This represents a 17% increase in earnings and an 8.81% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 11:32 am

GHM

Graham (NYSE:GHM) reported Q3 adjusted EPS of $0.22, surpassing the $(0.03) estimate, with a 833.33% beat. Year-over-year, earnings increased by 175% from $0.08 per share. Quarterly sales reached $43.82M, exceeding the $38.94M estimate by 12.53%, and marking a 9.89% increase from $39.87M in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 11:31 am

CAT

Caterpillar Inc. (CAT) reported Q4 adjusted earnings per share (EPS) of $5.23, surpassing the analyst consensus estimate of $4.75 by 10.11%. This represents a 35.49% increase over the same period last year. However, Q4 sales of $17.07 billion slightly missed the consensus estimate of $17.11 billion by 0.23%, though it's a 2.85% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 11:31 am