Benzinga - The most overbought stocks in the consumer staples sector presents an opportunity to go short on these overvalued companies. Here’s the latest list of major overbought players in this sector.
The Procter & Gamble Company (NYSE: PG)
- Deutsche Bank (ETR:DBKGn) recently maintained Procter & Gamble with a Buy and raised the price target from $156 to $162. Procter & Gamble, in October, reported better-than-expected Q1 results. The company’s stock has a 52-week high of $165.35 .
- PG Price Action: Shares of Procter & Gamble fell 0.3% to settle at $150.92 on Friday, and lost another 0.1% in the pre-market trading session.
- Analysts at JP Morgan recently upgraded their rating on Anheuser-Busch InBev to Overweight.. Anheuser-Busch InBev, during October, posted Q3 adjusted earnings of $0.84 per share. The company’s stock has a 52-week high of $67.91.
- BUD Price Action: Shares of Anheuser-Busch InBev gained 0.1% to close at $59.61 on Friday, but lost 0.6% in the pre-market trading.
- Energizer, last month, reported stronger-than-expected quarterly results. The company also expects FY23 organic revenue to increase low single digits. It expects low single digit declines for reported revenues. The company has a 52-week high of $41.62.
- ENR Price Action: Shares of Energizer Holdings fell 1.4% to close at $34.25 on Friday, but added 0.9% in the after-hours trading session.
- The company recently reported a rise in earnings and sales results for its first quarter. The company’s 52-week high is $35.71.
- ODC Price Action: Shares of Oil-Dri Corporation of America fell 2.7% to close at $33.50 on Friday.
- 111 recently reported a narrower loss for its third quarter. The company has a 52-week high of $3.82.
- YI Price Action: Shares of 111 gained 7.8% to settle at $3.30 on Friday and added another 0.3% in the pre-market trading session.