Top 3 Risk Off Stocks That May Collapse This Month
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 06 2024
0mins
Source: Benzinga
Overbought Stocks in Consumer Staples: As of December 6, 2024, US Foods Holding Corp, Hormel Foods Corp, and Walmart Inc are identified as overbought stocks in the consumer staples sector, with RSI values indicating potential caution for momentum-focused investors.
Recent Performance Highlights: US Foods reported strong earnings and sales growth, Hormel's results met expectations despite missing sales estimates, and Walmart raised its fiscal guidance while exceeding EPS forecasts, all contributing to significant stock gains over the past month.
Analyst Views on USFD
Wall Street analysts forecast USFD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for USFD is 92.13 USD with a low forecast of 85.00 USD and a high forecast of 99.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
8 Buy
0 Hold
0 Sell
Strong Buy
Current: 85.180
Low
85.00
Averages
92.13
High
99.00
Current: 85.180
Low
85.00
Averages
92.13
High
99.00
About USFD
US Foods Holding Corp. is a foodservice distributor. The Company provides its customers with a range of food offering and a comprehensive suite of e-commerce, technology and business solutions. The Company is primarily engaged in marketing, selling and distributing fresh, frozen and dry food and non-food products to foodservice customers throughout the United States. Its products include meat and seafood, dry grocery products, refrigerated and frozen grocery products, dairy, equipment disposables and supplies and beverage products. It serves customers including independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities and retail locations. The Company operates a network of over 70 distribution facilities and a fleet of over 6,500 trucks, along with approximately 90 cash and carry locations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
