Performance Food Group and Celestica have taken a spot on Investor's Business Daily's screen for stocks with their Relative Strength at new highs.
Performance Food Group broke out of a consolidation base on Friday and is in a buy zone above a buy point of 92.44. Shares are also at their all-time high, rallying amid reports that US Food Holdings is in talks to acquire the company.
Performance Food Group's Relative Strength Rating has improved from 30 a year ago to 85. Celestica stock is also at an all-time high.
Financial Snapshot: Performance Food Group
Performance Food Group distributes food and food services. A potential deal with US Food could result in sales of around $100 billion.
Sales growth has been steady over the past eight quarters, ranging between 1% and 10%. Earnings growth has been mixed. Shares have rallied since May 7 despite mixed results in the third quarter when sales grew 10% to $15.3 billion. But earnings of 79 cents per share declined 1% from the same quarter a year ago. The company revised its full-year sales outlook to $63.3 billion at the midpoint from $63.5 billion.
Analysts see profit rising 2% in 2025 to $4.38 per share and by 20% in 2026, with earnings per share of $5.24.
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Celestica Stock At All-Time Highs
Celestica has outperformed 98% of other stocks in the IBD database over the past 52 weeks. The stock is on track to form a three-weeks-tight pattern, as seen on IBD MarketSurge. Sales and earnings growth has been steady over the past eight quarters. Earnings have grown between 8% and 73% and sales have grown between 5% and 23%.
Sales grew 20% to $2.6 billion in the first quarter ended March 31. Earnings of $1.20 per share rose 45% from the prior year. Celestica provides businesses a hardware platform for storage, networking, computing and software. The stock holds an ideal Composite Rating and Earnings Per Share Rating of 99.
Celestica ranks first in the electrical and contract manufacturing group, according to IBD Stock Checkup. The electrical and contract manufacturing group holds fifth place among Investor's Business Daily's 197 industry groups. The Up/Down Volume Ratio of 2 shows that demand has been running strong for the stock over the past 50 trading days.
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