Constellation Energy Stock (NASDAQ:CEG), Trade Ideas

Constellation Energy

Constellation Energy Corp offers energy solutions. It provides clean energy and sustainable solutions to homes, businesses, the public sector, community aggregations, and a range of wholesale customers (such as municipalities, cooperatives, and other strategics). The company offers comprehensive energy solutions and a variety of pricing options for electric, natural gas, and renewable energy products for companies of any size.

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The weekly Benzinga Stock Whisper Index highlights five stocks that saw increased interest from readers. Here are this week&#39;s stocks to watch.

Benzinga&#39;s &#39;Stock Whisper&#39; Index: 5 Stocks Investors Secretly Monitor But Don&#39;t Talk About Yet

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Sharp increase in oil prices has led to outperformance of energy stocks, with WTI rising 20% this year. EIA forecasts $90/bbl in Q2 2024 and $3.60/gal in retail gasoline prices by 2024. 3 energy firms in top 10 S&amp;P 500 performers YTD and many more set to report earnings in April 2024.

3 Energy Stocks Stand Among S&amp;P 500&#39;s Top 10 Performers In 2024 As Oil Prices Reach $90

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The first quarter of 2024 has turned out to be a blockbuster for most asset classes, and the strong performances have left investors worried about the sustainability of the uptrend.

Did Bitcoin, Gold Or S&amp;P 500 Make You Richer This Quarter? What $1000 Invested In These Asset Classes Would&#39;ve Returned

Constellation Energy Corporation - Common Stock

Constellation Energy Corp

CHINA ED GROUP HLDGS LTD by CHINA ED GROUP HLDGS LTD.

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CERRO GRANDE MINING CORP by Cerro Grande Mining Corp.

Cerro Grande Mining Corp

<h1 class="wp-block-heading"><strong>Top Stories for April 24, 2024:</strong></h1>
<ol>
<li><strong>American Battery Technology</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABAT#NASDAQ">ABAT</a>) updated <a href="https://www.benzinga.com/news/24/04/38404516/american-battery-technology-company-publishes-updated-initial-assessment-and-economic-analysis-for-t">its initial assessment</a> for the Tonopah Flats Lithium Project (TFLP).</li>
</ol>
<p>It refined the project&#8217;s scope to use only measured and indicated mineral resources, excluding the more speculative inferred resources.&nbsp;</p>
<p>This strategy improves the project's economics by enhancing access to higher-quality resources and optimizing processing at its newly built demonstration facility. </p>
<p>Key updates include a 7% reduction in total processed claystone, an 8% increase in lithium grade, a 7% decrease in production costs and a 6% rise in the project&#8217;s net present value to $4.67 billion.</p>
<ol start="2">
<li><strong>Steel Dynamics</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) reported first-quarter results, with net sales of $4.7 billion and net income of $584 million. </li>
</ol>
<p>Highlights include 3.3 million tons of steel shipments, operating income of $751 million and adjusted EBITDA of $879 million.&nbsp;</p>
<p>The company&#8217;s financial health was further supported by liquidity of $3.1 billion and shareholder returns through $298 million in stock repurchases and an 8% dividend increase.&nbsp;</p>
<p>Demand was solid across sectors, particularly automotive and construction, driving sequential improvements in earnings and operational performance.</p>
<p><em>Also Read:</em><a href="https://www.benzinga.com/topic/mining"><em> </em></a><a href="https://www.benzinga.com/news/24/04/38390383/copper-prices-approach-2-year-highs-whats-behind-analysts-12-000-price-prediction-for-2026"><em>Copper Prices Approach 2-Year Highs: What&#8217;s Behind Analyst&#8217;s $12,000 Price Prediction For 2026?</em></a></p>
<ol start="3">
<li><strong>Gold Royalty</strong> <strong>Corp</strong> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GROY#AMEX">GROY</a>) entered into a three-year mutual cooperation agreement with <strong>Taurus Mining Royalty Fund </strong>that allows both parties to co-invest in precious metals royalties and streams. </li>
</ol>
<p>The agreement focuses on assets valued at $30 million or more and provides a framework for identifying and evaluating co-investment opportunities, with the option for each party to invest 25% to 50% in selected transactions.&nbsp;</p>
<p>Additionally, any future sales of interests acquired through this partnership will offer first rights to the other partner.</p>
<ol start="4">
<li><strong>Coeur Mining Inc </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) released its 2023 ESG Report, emphasizing its progress in environmental, social and governance efforts aligned with shareholder value. </li>
</ol>
<p>The report highlights Coeur&#8217;s achievement of the lowest injury rate among peers at 0.46 and its adoption of the Global Industry Standard on Tailings Management (placing it among the top 17% of non-International Council on Mining and Metals companies).</p>
<p>The company also shared its commitment to biodiversity through the Biodiversity Management Standard and advancements in climate resilience, aiming for a 35% reduction in GHG emissions by the end of 2024.</p>
<p><em>Now Read:</em><a href="https://www.benzinga.com/"><em> </em></a><a href="https://www.benzinga.com/m-a/24/04/38405991/equinox-gold-snaps-up-greenstone-gold-mines-for-995m-in-incredibly-rare-deal"><em>Equinox Gold Snaps Up Greenstone Gold Mines For $995 Million In &#8216;Incredibly Rare&#8217; Deal</em></a></p>
<p><strong><em>Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!</em></strong></p>
<p><em>Photo: Jose Luis Stephens via Shutterstock.</em></p>


ABAT

GROY

STLD

American Battery Optimizes Lithium Project; Steel Dynamics Reports Q1 Results; Gold Royalty Teams Up With Taurus Mining And More: Wednesday's Top Mining Stories

<p>Helix Energy Solns Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLX#NYSE">HLX</a>) reported quarterly losses of $(0.03) per share which missed the analyst consensus estimate of $0.02 by 250 percent.  The company reported quarterly sales of $296.211 million which missed the analyst consensus estimate of $296.725 million by 0.17 percent.  This is a 18.44 percent increase over sales of $250.084 million the same period last year.</p>


Earnings

Earnings Misses

Helix Energy Solns Gr Q1 2024 Adj EPS $(0.03) Misses $0.02 Estimate, Sales $296.211M Miss $296.725M Estimate

<p>National Bank Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBHC#NYSE">NBHC</a>) reported quarterly earnings of $0.82 per share which beat the analyst consensus estimate of $0.76 by 7.89 percent. This is a 22.64 percent decrease over earnings of $1.06 per share from the same period last year.  The company reported quarterly sales of $101.724 million which missed the analyst consensus estimate of $103.683 million by 1.89 percent.  This is a 7.15 percent decrease over sales of $109.554 million the same period last year.</p>


Earnings Beats

NBHC

National Bank Holdings Q1 2024 GAAP EPS $0.82 Beats $0.76 Estimate, Sales $101.724M Miss $103.683M Estimate

<p>In June 2022, New York <strong>Gov. Kathy Hochul</strong> announced a deal had finally been reached to <a href="https://www.benzinga.com/markets/cannabis/22/01/24932856/new-york-gov-kathy-hochul-pledges-200m-to-boost-social-equity-efforts-as-part-of-cannabis-legali">fund a $200 million public-private effort</a>, which would finance cannabis dispensaries run by the people who have been the most impacted by the war on drugs.</p>
<p>The much-anticipated public-private fund is now coming under scrutiny following an <a href="https://www.thecity.nyc/2024/04/24/cannabis-fund-social-equity-dispensary/">investigation</a> by THE CITY&#8217;s <strong>Rosalind Adams</strong>, which uncovered a "lopsided deal" favoring the private equity firm <strong>Chicago Atlantic Group</strong> and raising concerns about the state's social equity goals. </p>
<p>The agreement heavily favors Chicago Atlantic, leaving the state exposed to significant risks, noted the outlet.</p>
<p>Even the New York Office of Cannabis Management (OCM) cast doubts on the fund&#8217;s viability according to internal OCM documents that questioned whether the deal had overstated the potential revenue and profit potential.</p>
<h1 class="wp-block-heading"><strong>What Happened</strong></h1>
<p>New York state, unable to secure a private equity partner, agreed to a $50 million loan from Chicago Atlantic at a 15% interest rate, with all risk borne by the state.</p>
<p>Critics, including Reinvent Albany, an organization that advocates for government transparency and accountability, deemed the deal to have been detrimental to the state and prospective dispensary owners. Legal experts and consultants likened it to distressed debt lending.</p>
<p>Despite the skepticism and advice against the arrangement, negotiations ultimately led to a secret agreement benefiting Chicago Atlantic.</p>
<p>Previously, THE CITY revealed how cannabis licensees who accept loans from the social equity fund are burdened with high construction costs that they don't control and with interest rates that exceed the state's initial estimates.</p>
<p>"Everyone is worried about defaulting because of the rules and regulations of this loan," said <strong>Roland Conner</strong>, who runs <a href="https://www.benzinga.com/markets/cannabis/23/01/30496199/ny-gov-hochul-announces-opening-of-first-cannabis-shop-owned-by-person-impacted-by-war-on-drugs">Smacked on Bleecker Street</a> in Greenwich Village, the first legal dispensary owned by a person affected by the drug war.</p>
<h1 class="wp-block-heading"><strong>Who's Responsible?</strong></h1>
<p>Details of the deal are still secret, with New York state authorities denying Freedom of Information Law requests. The state comptroller&#8217;s office and key lawmakers say they were not informed or involved in the making of the deal, exposing a shocking lack of oversight.</p>
<p>Meanwhile, Chicago Atlantic secured favorable terms, including leasing rights and a $100 million commitment for property development, raising yet more concerns about profiteering at the expense of marginalized communities.</p>
<h1 class="wp-block-heading">Corruption Or Ineptitude?</h1>
<p>The handling of New York&#8217;s cannabis program seems to reflect a corrosive mix of both ineptitude and potential corruption. While officials may have sought to support marginalized groups, their actions suggest a lack of due diligence and transparency.</p>
<p>One element of the story, which you can read in full <a href="https://www.thecity.nyc/2024/04/24/cannabis-fund-social-equity-dispensary/">here</a>, is that social equity applicants are furious.</p>
<p>A Queens shop owner, <strong>Dalessio</strong>, who was awarded a retail license designated for people impacted by past drug convictions told THE CITY that after a year of back and forth with the fund, he walked away from the deal.</p>
<p>"It just left such a bad taste in my mouth. I warned everyone I could to stay away from this deal," he said.</p>
<p><em>Photo: Courtesy of Branding Pot via Shutterstock</em></p>


Cannabis

Government

Politics

Legal

Cannabis Saga In The Empire State: Corruption Or Ineptitude? Private Equity Tramples Social Equity, Report Reveals

<p>Alamos Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>) reported quarterly Adj earnings of $0.13 per share which met the analyst consensus estimate. The company reported quarterly sales of $277.600 million which beat the analyst consensus estimate of $272.000 million by 2.06 percent. This is a 10.38 percent increase over sales of $251.500 million the same period last year.</p>


Alamos Gold Q1 Adj EPS $0.13, Inline, Sales $277.600M Beat $272.000M Estimate

<p>Piper Sandler  analyst Clarke Jeffries   maintains Tyler Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) with a Overweight and maintains $520 price target.</p>


Price Target

Piper Sandler Maintains Overweight on Tyler Technologies, Maintains $520 Price Target

<p>Rogers, who will continue to serve as a director of Mativ and will assume the role of Audit Committee Chair.</p>


Management

MATV

Mativ Holdings Appoints Kimberly Ritrievi As Chair Of Board, Succeeding John Rogers

<p>First Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBMS#NASDAQ">FBMS</a>) reported quarterly earnings of $0.65 per share which beat the analyst consensus estimate of $0.59 by 10.17 percent. This is a 24.42 percent decrease over earnings of $0.86 per share from the same period last year.  The company reported quarterly sales of $57.341 million which missed the analyst consensus estimate of $59.927 million by 4.32 percent.  This is a 11.68 percent decrease over sales of $64.926 million the same period last year.</p>


FBMS

First Bancshares Q1 2024 Adj EPS $0.65 Beats $0.59 Estimate, Sales $57.341M Miss $59.927M Estimate

Guidance

Veris Residential Raises FY24 Core FFO Per Share Outlook From $0.48-$0.53 To $0.50-$0.54, Est $0.53

<p>Colony Bankcorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBAN#NASDAQ">CBAN</a>) reported quarterly earnings of $0.33 per share which beat the analyst consensus estimate of $0.31 by 6.45 percent. This is a 6.45 percent increase over earnings of $0.31 per share from the same period last year.  The company reported quarterly sales of $28.141 million which beat the analyst consensus estimate of $27.600 million by 1.96 percent.  This is a 0.30 percent decrease over sales of $28.227 million the same period last year.</p>


CBAN

Colony Bankcorp Q1 2024 Adj EPS $0.33 Beats $0.31 Estimate, Sales $28.141M Beat $27.600M Estimate

<p>Needham  analyst Mike Matson   maintains Boston Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>) with a Buy and raises the price target from $71 to $82.</p>


Needham Maintains Buy on Boston Scientific, Raises Price Target to $82

<p>CVB Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVBF#NASDAQ">CVBF</a>) reported quarterly earnings of $0.35 per share which beat the analyst consensus estimate of $0.34 by 2.94 percent. This is a 16.67 percent decrease over earnings of $0.42 per share from the same period last year.  The company reported quarterly sales of $126.574 million which beat the analyst consensus estimate of $116.576 million by 8.58 percent.  This is a 8.89 percent decrease over sales of $138.930 million the same period last year.</p>


CVBF

CVB Financial Q1 2024 GAAP EPS $0.35 Beats $0.34 Estimate, Sales $126.574M Beat $116.576M Estimate

<p>Bridgewater Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWB#NASDAQ">BWB</a>) reported quarterly earnings of $0.24 per share which missed the analyst consensus estimate of $0.25 by 4 percent. This is a 35.14 percent decrease over earnings of $0.37 per share from the same period last year.  The company reported quarterly sales of $26.181 million which missed the analyst consensus estimate of $27.033 million by 3.15 percent.  This is a 13.50 percent decrease over sales of $30.267 million the same period last year.</p>


Bridgewater Bancshares Q1 2024 GAAP EPS $0.24 Misses $0.25 Estimate, Sales $26.181M Miss $27.033M Estimate

<p>U.S. President <strong>Joe Biden</strong>&#8216;s recent signing of legislation has thrown ByteDance&#8217;s TikTok into the spotlight, with CEO<strong> Shou Zi Chew</strong> saying <a href="https://www.benzinga.com/news/24/03/38001945/amid-us-china-tussle-tiktok-content-creators-worry-about-bread-and-butter-if-app-ban-succeeds">the platform will fight back.</a></p>
<p>&#8220;Make no mistake, this is a ban, a ban on TikTok and a ban on you and your voice,&#8221; the CEO said in a two-minute&nbsp;<a href="https://www.tiktok.com/@tiktok/video/7361448925972155679" target="_blank" rel="noreferrer noopener">video</a>&nbsp;posted to TikTok&#8217;s main corporate account.</p>
<p><em>See Also: <a href="https://www.benzinga.com/news/24/04/38372058/analyst-predicts-tiktok-shutdown-in-us-by-next-year-ahead-of-senate-vote-will-not-operate-here">Analyst Predicts TikTok Shutdown In US By Next Year Ahead Of Senate Vote: &#8216;Will Not Operate Here&#8230;&#8217;</a></em></p>
<p>Chew&#8217;s statement, delivered Wednesday, April 24, continued: &#8220;Politicians may say otherwise. But don't get confused. Many who sponsored the bill admit a TikTok ban is their ultimate goal.&#8221;</p>
<p>The legislation, part of a $95 million foreign aid package supporting Israel and Ukraine, was widely supported by the U.S. Senate and the House of Representatives.</p>
<p>It gives<strong> ByteDance</strong>, TikTok&#8217;s parent company, 270 days to find new owners. If ByteDance fails to comply, TikTok faces removal from <strong>Apple Inc&#8217;</strong>s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and <strong>Alphabet Inc</strong>&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google app stores in the U.S., People magazine <a href="https://people.com/tiktok-ceo-says-we-arent-going-anywhere-biden-signs-potential-ban-into-law-8638226">reported. </a></p>
<p>Additionally, there&#8217;s a provision for a three-month extension if a sale is in progress by the initial deadline.</p>
<h1 class="wp-block-heading"><strong>ByteDance&#8217;s TikTok Fights Back Against Ban</strong></h1>
<p>TikTok&#8217;s uncertain future stems from discussions that began during the COVID-19 pandemic. Former President Donald Trump initially proposed banning the app in April 2020, a move later paused by the Biden administration in February 2021. Currently, TikTok boasts 170 million American users.</p>
<p>The legislation presents concerns about security, with fears that TikTok could be used for Chinese surveillance or data access. TikTok denies these allegations, and the Chinese government asserts there&#8217;s no evidence supporting claims of national security threats. </p>
<p>TikTok plans to challenge the legislation, citing freedom of speech. In his video, Chew expressed confidence in their legal fight: &#8220;Rest assured, we aren&#8217;t going anywhere.&#8221; </p>
<p>&#8220;We are confident and we will keep fighting for your rights in the courts&#8230; The facts and the U.S. Constitution are on our side, and we expect to prevail again,&#8221; he added. </p>
<h1 class="wp-block-heading"><strong>Can I Keep Using TikTok? Exploring The Ban&#8217;s Impact</strong></h1>
<p>Don&#8217;t worry, TikTok won&#8217;t just vanish from your phone overnight.</p>
<p>It&#8217;s likely to be at least a year before any ban takes effect, with potential legal challenges possibly extending the timeline further. While TikTok has succeeded in court before, this marks a new challenge against federal legislation.</p>
<p>Concerning your TikTok app, it&#8217;s unlikely to disappear from your phone immediately. However, if the ban goes into effect it may vanish from Apple and Google&#8217;s app stores, meaning no new downloads, updates, or fixes, as <a href="https://www.nbcnewyork.com/news/national-international/tiktok-ban-us-what-to-know/5350848/#:~:text=No%2C%20TikTok%20will%20not%20suddenly%20disappear%20from%20your%20phone.">per</a> NBC New York. </p>
<p>Over time, this could pose security risks and usability challenges.</p>
<p><em>Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38358239/microsoft-and-oracle-could-be-tiktoks-likely-buyers-but-real-winners-would-be-mark-">Microsoft And Oracle Could Be TikTok&#8217;s &#8216;Likely Buyers,&#8217; But Real Winners Would Be Mark Zuckerberg And Sundar Pichai</a></em></p>
<p><em>Photo: <a href="https://www.shutterstock.com/es/g/salarko">salarko</a> on Shutterstock.</em></p>


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Regulations

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Markets

AAPL

GOOGL

TikTok Fights Back, 'We Aren't Going Anywhere': What's Next For Users?

<p>Barrington Research  analyst James Goss   maintains Travelzoo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TZOO#NASDAQ">TZOO</a>) with a Outperform and lowers the price target from $14 to $12.</p>


TZOO

Barrington Research Maintains Outperform on Travelzoo, Lowers Price Target to $12

<p>Nanobiotix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBTX#NASDAQ">NBTX</a>) reported quarterly losses of $(1.17) per share which beat the analyst consensus estimate of $(1.66) by 29.52 percent. This is a 32.37 percent increase over losses of $(1.73) per share from the same period last year.  The company reported quarterly sales of $39.323 million which beat the analyst consensus estimate of $13.680 million by 187.45 percent.  This is a 681.30 percent increase over sales of $5.033 million the same period last year.</p>


NBTX

Nanobiotix FY 2023 GAAP EPS $(1.17) Beats $(1.66) Estimate, Sales $39.323M Beat $13.680M Estimate

<p>PennyMac Mortgage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>) reported quarterly earnings of $0.39 per share which beat the analyst consensus estimate of $0.32 by 21.88 percent. This is a 22 percent decrease over earnings of $0.50 per share from the same period last year.  The company reported quarterly sales of $74.205 million which missed the analyst consensus estimate of $85.366 million by 13.07 percent.  This is a 17.88 percent decrease over sales of $90.366 million the same period last year.</p>


PennyMac Mortgage Q1 2024 GAAP EPS $0.39 Beats $0.32 Estimate, Sales $74.205M Miss $85.366M Estimate

CDMO

Avid Bioservices Maintains FY24 Revenue Guidance Of $137M-$147M, Est $138.656M

<p>Pathward Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASH#NASDAQ">CASH</a>) reported quarterly earnings of $2.56 per share which beat the analyst consensus estimate of $2.30 by 11.3 percent. This is a 28.64 percent increase over earnings of $1.99 per share from the same period last year.  The company reported quarterly sales of $247.246 million which beat the analyst consensus estimate of $240.460 million by 2.82 percent.  This is a 8.23 percent increase over sales of $228.443 million the same period last year.</p>


CASH

Pathward Financial Q2 2024 GAAP EPS $2.56 Beats $2.30 Estimate, Sales $247.246M Beat $240.460M Estimate

<p>Avid Bioservices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDMO#NASDAQ">CDMO</a>) reported quarterly losses of $(0.09) per share which missed the analyst consensus estimate of $(0.05) by 80 percent.  The company reported quarterly sales of $33.800 million which beat the analyst consensus estimate of $33.452 million by 1.04 percent.  This is a 11.09 percent decrease over sales of $38.018 million the same period last year.</p>


Avid Bioservices Q3 2024 GAAP EPS $(0.09) Misses $(0.05) Estimate, Sales $33.800M Beat $33.452M Estimate

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FUTY: Utilities Dashboard For April

Vistra Adds Vital Nuclear Power Capacity

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>There&rsquo;s plenty out there that could potentially drive a broad market pullback, but there are also plenty of individual stocks due for a pullback. Irrespective how the market performs from here, these types of stocks may be in for considerable declines in price.</p>



<p>Several of the stocks that have thus far this year been top-performers fit into this category. While in some cases, big run-ups have been justified, there are plenty that can be deemed as situations where shares have moved up &ldquo;too far, too fast.&rdquo;</p>



<p>Admittedly, just because investors have gone overboard about a certain stock, doesn&rsquo;t mean the market will soon come to its senses. Just ask the bears who have lost billions betting against <strong>Carvana</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/cvna-stock-quote/"><strong>CVNA</strong></a>).</p>



<p>However, don&rsquo;t assume high-flier resiliency is universal. In the case of the following seven stocks due for a pullback, there are identifiable factors that strongly suggest a reversal lies ahead for each one.</p>



<h2>Cava Group (CAVA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/06/cava1600-300x169.png" alt='Horizontal, medium closeup of "CAVA" outdoor free standing brand and logo signage on a bright sunny day against a clear blue sky.'><div>Source: Bruce VanLoon / Shutterstock.com</div></div><p><strong>Cava Group</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/cava-stock-quote/"><strong>CAVA</strong></a>) <a href="https://www.cnbc.com/2023/06/15/cava-group-ipo-cava-starts-trading-on-the-new-york-stock-exchange.html#:~:text=Cava%20Group%20priced%20its%20IPO,the%20ticker%20symbol%20%E2%80%9CCAVA.%E2%80%9D">bolted higher after its June 2023 IPO</a>, but slid lower throughout the rest of last year. This year, however, it&rsquo;s been a different story. Shares in this Mediterranean restaurant chain have been on a tear.</p>



<p>Since January, CAVA stock is up 43%, making it one of this year&rsquo;s top performing stocks. Chalk up this rally to <a href="https://seekingalpha.com/news/4071993-cava-group-beats-q4-estimates-provides-2024-guidance">beat-and-raise quarterly results</a> and <a href="https://www.marketbeat.com/instant-alerts/nyse-cava-upgrade-2024-04-10/">an analyst upgrade</a>. Yet while the bulls may be betting that Cava is the next big restaurant growth story, this possibility has become overly priced-in.</p>



<p>CAVA now trades for a staggering 257.2 times forward earnings. Yes, this valuation could be sustainable in the short-term, if sentiment holds. However, with short-interest at fairly moderate levels (<a href="https://fintel.io/ss/us/cava">15.7% of float</a>), instead of squeezing higher when the company next reports results sometime next month, shares could move lower on &ldquo;sell the news&rdquo; profit taking.</p>



<h2>Constellation Energy (CEG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/shutterstock_1932365063-300x169.png" alt="Environmental protection, renewable, sustainable energy sources. Plant growing in the bulb concept. renewable energy stocks to buy"><div>Source: Proxima Studio / Shutterstock.com</div></div><p>Spun off from <strong>Exelon</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/exc-stock-quote/"><strong>EXC</strong></a>) <a href="https://www.exeloncorp.com/newsroom/exelon-completes-separation-of-constellation">in 2022</a>, <strong>Constellation Energy</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/ceg-stock-quote/"><strong>CEG</strong></a>) is an independent electricity generation company. Over the past year, CEG shares have zoomed 146.9% higher. Year-to-date alone, CEG is up by 57.3%.</p>



<p>A major factor behind the sudden popularity of CEG stock has to do with the company&rsquo;s &ldquo;green wave&rdquo; bona fides. Investors and decision-makers alike have warmed up to the idea of nuclear power&rsquo;s potential to produce clean energy on a massive scale. Constellation has <a href="https://www.barrons.com/articles/constellation-energy-stock-jumps-earnings-c964b604?mod=md_stockoverview_news">significant nuclear capacity</a>, so it could strongly benefit from increased demand for zero-emissions nuclear power. </p>



<p>Still, while some of Constellation&rsquo;s rally may be justified, it&rsquo;s possible that the market has gone overboard. Shares now trade at a big premium to other &ldquo;green wave&rdquo; utilities stocks, like <strong>NextEra Energy</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/nee-stock-quote/"><strong>NEE</strong></a>). As any subsequent stumble could drive a de-rating, consider CEG one of the top stocks due for a pullback.</p>



<h2>Disney (DIS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/dis-1600-1-300x169.png" alt="Disney logo on a store front. DIS stock."><div>Source: chrisdorney / Shutterstock</div></div><p>While <a href="https://investorplace.com/2024/03/better-than-amc-3-streaming-stocks-to-buy-for-future-of-entertainment/">I&rsquo;ve recently been bullish</a> about <strong>Disney</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/dis-stock-quote/"><strong>DIS</strong></a>), at the same time I wouldn&rsquo;t rule out the possibility of a pullback for the media conglomerate&rsquo;s shares sometime down the road.</p>



<p>DIS stock has bounced back in a big way over the past four months. Year-to-date, shares  are up by nearly 25%. Sentiment has improved in a big way, thanks largely to promising developments, including <a href="https://www.cnbc.com/2024/02/07/disney-dis-earnings-report-q1-2024.html">progress in making the company&rsquo;s streaming segment profitable</a>. Nevertheless, after the latest round of enthusiasm, sentiment could soon lean bearish again.</p>



<p>Why? As <em>Seeking Alpha</em> commentator Value Kicker recently argued, Disney CEO Bob Iger&rsquo;s cost-focused turnaround strategy <a href="https://seekingalpha.com/article/4684332-disney-continued-stagnation-amid-failed-proxy-bid">will only go so far</a>. If the company fails to get back into growth mode, after running out of fat to trim from its cost structure, shares could pull back in a big way. DIS trades at a massive premium to other &ldquo;big media&rdquo; stocks.</p>



<h2>General Electric (GE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/ge1600d-300x169.jpg" alt="A large General Electric (GE) sign."><div>Source: testing / Shutterstock.com</div></div><p>Earlier this month, <strong>General Electric</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ge-stock-quote/"><strong>GE</strong></a>) c<a href="https://www.reuters.com/markets/us/ge-completes-three-way-split-breaking-off-its-storied-past-2024-04-02/">ompleted its final spin-off</a>. The former industrial conglomerate has now transformed into an aerospace pure play. Investors have been pleased with this transformation.</p>



<p>GE stock has nearly doubled in the past year. Year-to-date, shares are up by more than 50%. However, with this catalyst now played out, GE may now be one of the stocks due for a pullback. Yes, it&rsquo;s not only been the restructuring that has made the market bullish about General Electric.</p>



<p>There is also great optimism about future <a href="https://www.barrons.com/articles/ge-aerospace-honeywell-rtx-transdigm-stock-price-1fb5540a?mod=md_stockoverview_news">aircraft component demand</a>. Still, it&rsquo;s very possible investors are overestimating this potential growth catalyst. Shares today trade for 39 times forward earnings. Possibly now &ldquo;priced for perfection,&rdquo; any sort of earnings hiccup or slip-up may lead to a severe correction for the stock. Even as momentum remains on its side, err on the side of caution, and sell GE now.</p>



<h2>Eli Lilly (LLY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/03/eli-lilly-lly-stock-sign-1600-300x169.jpg" alt="Eli Lilly (LLY) sign on corporate building with blue sky in background"><div>Source: shutterstock.com/Michael Vi</div></div><p>As you may know, <strong>Eli Lilly&rsquo;s</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/lly-stock-quote/"><strong>LLY</strong></a>) continued hot run has been driven by the pharma firm&rsquo;s recently-launched diabetes and weight-loss drugs, Mounjaro and Zepbound.</p>



<p>Anticipating that off-the-charts demand for these products will keep on moving the needle for the company&rsquo;s profitability and sales, LLY stock has kept on cruising to loftier price levels over the past years. Shares have doubled over the past twelve months, and are up nearly 28% year-to-date.</p>



<p>However, while the initial phase of the rally may have been justified, the market has arguably gone too far. LLY now trades for 60.2 times forward earnings. Even when taking into account the fact that earnings could <a href="https://www.wsj.com/market-data/quotes/LLY">nearly double between now and 2026</a>, the Mounjaro/Zepbound upside is clearly accounted for, and then some. With this in mind, if you already own LLY, take profit now, before it&rsquo;s too late. Otherwise, hold off buying.</p>



<h2>Meta Platforms (META)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/11/fb-stock-meta-1600-300x169.jpg" alt="META stock logo is shown on a device screen. Meta is the new corporate name of Facebook."><div>Source: Blue Planet Studio / Shutterstock.com</div></div><p><strong>Meta Platforms</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/"><strong>META</strong></a>) is another name that I&rsquo;m bullish on, but concede that it may be one of the stocks due for a pullback. Shares in the Facebook and Instagram parent have been on a hot run since 2023, and this winning streak has continued into 2024.</p>



<p>Year-to-date, META stock is up by 41.8%. Yet while the social media giant has impressed the market with its cost-cutting and AI implementation success, as Louis Navellier and the <em>InvestorPlace</em> Research Staff recently argued, the stock <a href="https://investorplace.com/market360/2024/04/meta-platforms-earnings-the-make-or-break-moment-for-meta-stock-investors/">could soon experience a post-earnings correction</a>.</p>



<p>Even if the company manages to beat already-high expectations, too many investors may decide to make the earnings release their time to make an exit. Macro worries could also knock down META in the near-term. That&rsquo;s not to say you need to stay away completely. However, if you&rsquo;ve been thinking about buying META, there&rsquo;s no reason to rush.</p>



<h2>Netflix (NFLX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/nflx-stock-1600-7-300x169.jpg" alt="Netflix (NFLX) app open on a phone screen"><div>Source: XanderSt / Shutterstock.com</div></div><p>As of this writing, a sell-off for <strong>Netflix</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/nflx-stock-quote/"><strong>NFLX</strong></a>) may be starting to take shape. That is, following the company release of its latest quarterly results post-market on April 18, NFLX has pulled back. Until now, NFLX, up 25.4% year-to-date, had been trending up.</p>



<p>The video streaming powerhouse beat Wall Street forecasts for the quarter. Subscriber numbers were also solid. Alas, NFLX stock still sold off, as the market focused on the major negative with the earnings release: <a href="https://www.barrons.com/articles/netflix-earnings-stock-price-subscribers-53615f84">the latest updates to guidance</a>. These suggested that the company&rsquo;s rate of growth is coming up short of analyst expectations.</p>



<p>Investors may be willing to price growth stories at high earnings multiples, yet if evidence emerges that this high growth is slowing down, the market typically reacts accordingly. In the case of NFLX, this may mean a continued re-rating to the downside, as investors and analysts walk back expectations.</p>



<p><em>On the date of publication, Thomas Niel did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com </em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em>Publishing Guidelines</em></a><em>.</em></p>
<div><p>Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/7-high-flying-stocks-that-are-majorly-overdue-for-a-pullback/">7 High-Flying Stocks That Are Majorly Overdue for a Pullback</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

7 High-Flying Stocks That Are Majorly Overdue for a Pullback

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