最新ニュース Heico (NYSE:HEI) 株価情報

Heico

Heico is an aerospace and defense supplier that focuses on creating niche replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement aircraft parts. In the defense market, the company produces niche subcomponents used in targeting technology as well as simulation equipment, among other categories. It operates as two segments: the flight support group,or FSG, and the electronic technologies group, or ETG, both of which supply the aerospace and defense sectors to different degrees. The company is persistently acquisitive, focusing on companies in similar or adjacent markets that are generating strong cash flow with the potential for growth.

Heico Corp

Heineken NV

Healthia Ltd Ordinary Shares

Heiwa Corp

In the current session, the stock is trading at $272.56, after a 1.08% increase. Over the past month, Heico Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) stock increased by 6.76%, and in the past year, by 57.14%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2024/1732041010_0.png" alt="Past Year Chart" />

<h3>How Does Heico P/E Compare to Other Companies?</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Heico has a better P/E ratio of 79.08 than the aggregate P/E ratio of 70.63 of the Aerospace &amp; Defense industry. Ideally, one might believe that Heico Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1732041010_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

News

Intraday Update

Markets

A Look Into Heico Inc's Price Over Earnings

Heico's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) short percent of float has risen 8.0% since its last report. The company recently reported that it has 1.95 million shares sold short, which is 4.32% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.92 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Heico Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731596424_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Heico has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Heico's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Heico's peer group average for short interest as a percentage of float is 2.94%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Peering Into Heico's Recent Short Interest

HEICO Corporation today announced that its Paris, France-based Exxelia subsidiary acquired 70% of SVM Private Limited ("SVM") for cash paid at closing. Exxelia is part of HEICO's Electronic Technologies Group. SVM's management retains the remaining 30% ownership.
HEICO stated that it expects the acquisition to be accretive to its earnings within the year following closing.

HEICO's Exxelia Acquires 70% Of SVM Private Limited, A Specialty Component Maker In India, For Cash Paid At Closing; No Financial Terms Disclosed

HEICO Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) today announced that its Electronic Technologies Group acquired approximately 88% of Mid Continent Controls, Inc. ("MC2") for cash at closing. Key MC2 managers will continue to own the balance of the company. Additional financial details were not disclosed.
HEICO stated that it expects the acquisition to be accretive to its earnings within the year following the acquisition.
Derby, KS-based MC2 is a niche designer and manufacturer specializing in proprietary in-cabin power and entertainment components and subsystems for business jets. Its core products include power outlets, power distribution modules, cabin management systems, multimedia connectivity ports, seat controls and switch panels.
MC2's products enhance the aircraft user experience, enabling passengers to mirror their ground experience in the air as they stay connected in flight. The company offers hundreds of different niche parts used on a wide range of business aircraft, while serving both new aircraft production and the aftermarket.

HEICO Announces That Its Electronic Technologies Group Acquired Approximately 88% Of Mid Continent Controls, Inc. For Cash At Closing; Additional Financial Details Were Not Disclosed.

Truist Securities analyst Michael Ciarmoli maintains Heico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) with a Buy and raises the price target from $264 to $282.

Price Target

Analyst Ratings

Truist Securities Maintains Buy on Heico, Raises Price Target to $282

Morgan Stanley analyst Kristine Liwag maintains Heico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) with a Equal-Weight and raises the price target from $245 to $265.

Morgan Stanley Maintains Equal-Weight on Heico, Raises Price Target to $265

UBS analyst Gavin Parsons initiates coverage on Heico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) with a Neutral rating and announces Price Target of $277.

Initiation

UBS Initiates Coverage On Heico with Neutral Rating, Announces Price Target of $277

Heico's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) short percent of float has fallen 9.17% since its last report. The company recently reported that it has 1.92 million shares sold short, which is 4.26% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.17 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Heico Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728324918_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Heico has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Heico's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Heico's peer group average for short interest as a percentage of float is 2.75%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(HEI) - Analyzing Heico's Short Interest

HEICO Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hei#NYSE">HEI</a>) recently signed a contract to acquire Marway Power Solutions, Inc. The acquiree provides the design and construction of power distribution solutions for mission-critical systems used in defense, aerospace, communications, test and measurement, and industrial applications on land, sea and air.
Per the deal, HEI bought 92.5% of Marway for cash. HEICO indicated that the transaction would be accretive to its earnings within one year of the buyout.
<h2>How Will the Buyout Benefit HEICO?</h2>
Marway&#39;s acquisition is expected to strengthen HEICO&#39;s footprint in the aerospace and defense industry, particularly in power distribution solutions for mission-critical systems. It develops and produces power distribution solutions in both standard rackmount and customized enclosures. Marway provides a variety of products, including transformers, switchgear and customized solutions adapted to specific sectors like defense, which are consistent with HEI&#39;s value-creating approach.
The aforementioned factors will provide HEICO Corporation with an opportunity to expand its customer base, enhance its product offerings and increase its market share in power distribution solutions for mission-critical systems business area.
<h2>What&#39;s Driving Acquisitions Among Aerospace Defense Players?</h2>
The military industry has seen a notable rise in mergers and acquisitions due to several factors, like the growing emphasis on cost-reduction initiatives, diversifying the portfolio to tackle competition and achieving economies of scale, along with operational efficiency to attain long-term goals. These transactions are becoming more significant, allowing businesses to grow as they see fit by expanding their operations, gaining access to new skills, developing technologies and producing higher-quality goods and services, as well as capturing larger market shares.
HEICO&#39;s latest decision to acquire Marway Power Solutions also seems to have been motivated by the aforementioned factors.
Some other defense companies have recently indulged in acquisition deals to expand their operations and widen product offerings.
In August 2024, Lockheed Martin Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>) agreed to acquire a manufacturer of satellite products, Terran Orbital, for $450 million, which serves the aerospace and defense industry. Through this acquisition, LMT will be able to expand its customer base, enhance its product offerings and increase its market share in the satellite-based solutions business area.
Lockheed Martin has a long-term (three to five years) earnings growth rate of 4.7%. It delivered an average earnings surprise of 7.46% in the last four quarters.
In May 2024, TransDigm Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tdg#NYSE">TDG</a>) agreed to acquire Raptor Scientific for $655 million, a manufacturer of complex test and measurement solutions serving the aerospace and defense end markets. Through this acquisition, TDG should be able to provide a wider range of products and gain a larger market share in the highly engineered aviation components industry.
TransDigm Group has a long-term earnings growth rate of 20.7%. The Zacks Consensus Estimate for its fiscal 2024 sales calls for an improvement of 19.9% from the prior-year figure.
In April 2024, Curtiss-Wright Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cw#NYSE">CW</a>) completed the acquisition of WSC, Inc. for $34 million. The buyout is expected to expand Curtiss-Wright&#39;s portfolio of advanced commercial nuclear technologies utilized in the modernization of existing power plants and the design of new power plants, such as Advanced Small Modular Reactors.
Curtiss-Wright boasts a four-quarter earnings surprise of 11.52%, on average. The Zacks Consensus Estimate for CW&#39;s 2024 sales implies an improvement of 7.1% from the prior-year figure.
<h2>HEICO Stock Price Movement</h2>
In the past three months, shares of HEICO have risen 15% compared with the industry&#39;s growth of 12.5%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/26/79974.jpg?v=980363033" />
Image Source: Zacks Investment Research
<h2>HEI&#39;s Zacks Rank</h2>
HEI currently carries a Zacks Rank #3 (Hold).
<a href="https://www.zacks.com/stock/news/2344612/heico-buys-marway-power-widens-power-distribution-solution-capacity?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2344612">To read this article on Zacks.com click here.</a>

Earnings

Large Cap

Offerings

HEICO Buys Marway Power, Widens Power Distribution Solution Capacity

Hawaiian Electric Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) ("HEI" or the "Company") today announced that it has priced its previously announced public offering of 54,054,054 shares of its common stock at a price of $9.25 per share. The offering is expected to close on September 25, 2024, subject to customary closing conditions.
The Company has granted the underwriters of the offering an option to purchase up to an additional 8,108,108 shares of common stock at the public offering price less underwriting discounts and commissions.
HEI intends to use the net proceeds from the offering to fund its contribution to the expected Maui wildfire tort litigation settlement and for general corporate purposes.

Hawaiian Electric Industries Raised $500M Via Secondary Stock Offering Of 54M Shares At $9.25/Share

B of A Securities analyst Ronald Epstein maintains Heico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) with a Buy and raises the price target from $250 to $285.

B of A Securities Maintains Buy on Heico, Raises Price Target to $285

Deutsche Bank analyst Scott Deuschle maintains Heico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) with a Buy and raises the price target from $235 to $271.

Deutsche Bank Maintains Buy on Heico, Raises Price Target to $271

HEICO Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) reported upbeat earnings for its third quarter, after the <a href="https://www.benzinga.com/quote/HEI/earnings">closing bell on Monday.</a>
The company reported quarterly earnings of 97 cents per share which beat the analyst consensus estimate of 92 cents per share. The company reported quarterly sales of $992.246 million which missed the analyst consensus estimate of $994.784 million.
Laurans A. Mendelson, HEICO&#8217;s Chairman and CEO, commented said, "We are very pleased to report strong record quarterly consolidated net sales driven by record quarterly operating results at the Flight Support Group, as well as strong contributions from our fiscal 2023 and 2024 acquisitions. These results reflect outstanding 15% organic net sales growth in the Flight Support Group principally arising from increased demand across all of its product lines and increased demand for the Electronic Technology Group&#8217;s defense, space and aerospace products."
HEICO shares gained 1.1% to trade at $250.12 on Wednesday.
These analysts made changes to their price targets on HEICO following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58f614b80bd9910001a77aec/peter-arment">Baird analyst Peter Arment </a>maintained Heico with an Outperform and raised the price target from $243 to $280.</li>
<li>RBC Capital analyst Ken Herbert maintained the stock with an Outperform and boosted the price target from $250 to $272.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5935519e85b07a0001c0bc51/michael-ciarmoli">Truist Securities analyst Michael Ciarmoli </a>maintained Heico with a Buy and raised the price target from $248 to $264.</li>
</ul>
Considering buying HEI stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="503" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28102533/image-286-1024x503.png" alt="" class="wp-image-518587" style="width:594px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28102533/image-286-1024x503.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28102533/image-286-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28102533/image-286-768x377.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/28102533/image-286.png 1327w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

HEICO Analysts Boost Their Forecasts After Q3 Earnings

Truist Securities analyst Michael Ciarmoli maintains Heico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) with a Buy and raises the price target from $248 to $264.

Truist Securities Maintains Buy on Heico, Raises Price Target to $264

RBC Capital analyst Ken Herbert maintains Heico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) with a Outperform and raises the price target from $250 to $272.

RBC Capital Maintains Outperform on Heico, Raises Price Target to $272

Baird analyst Peter Arment maintains Heico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) with a Outperform and raises the price target from $243 to $280.

Baird Maintains Outperform on Heico, Raises Price Target to $280

Heico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) has outperformed the market over the past 15 years by 12.08% on an annualized basis producing an average annual return of 24.28%. Currently, Heico has a market capitalization of $33.91 billion. 
Buying $100 In HEI: If an investor had bought $100 of HEI stock 15 years ago, it would be worth $2,577.95 today based on a price of $244.84 for HEI at the time of writing.
<h3>Heico's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724776212_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Heico Stock In The Last 15 Years

Benchmark analyst Josh Sullivan reiterates Heico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) with a Buy and maintains $245 price target.

Reiteration

Benchmark Reiterates Buy on Heico, Maintains $245 Price Target

Heico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) reported quarterly earnings of $0.97 per share which beat the analyst consensus estimate of $0.92 by 5.43 percent. The company reported quarterly sales of $992.246 million which missed the analyst consensus estimate of $994.784 million by 0.26 percent. This is a 37.26 percent increase over sales of $722.902 million the same period last year.

Earnings Beats

Earnings Misses

Heico Q3 2024 GAAP EPS $0.97 Beats $0.92 Estimate, Sales $992.246M Miss $994.784M Estimate

U.S. stocks could continue to push higher as traders factor in a boost from Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a href="https://www.benzinga.com/markets/equities/24/08/40547129/nvidia-earnings-round-the-corner-top-investors-in-jensen-huangs-company-set-to-benefit-if-q2-app">quarterly results. </a>The index futures were modestly higher in early trading. The durable goods orders report that is scheduled to be released ahead of the market could be sifted by traders to confirm their hopes for a soft landing. They might also look forward to a speech by a Fed official later in the day.
A key inflation measure that the Federal Reserve considers to be important is imminent, and traders may choose to remain cautious ahead of the data. Despite Nvidia&#8217;s strong gains, the FOMO fear could drive traders toward the stock as they seek to partake in the potential post-earnings gain.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.21%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.16%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.04%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.61%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Monday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) climbed 0.20% to $563.25, and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.25% to $481.21, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Week: 
Wall Street extended its winning run to two straight weeks, as weak economic data and dovish Fed comments that nearly cemented the fate of a September rate cut brought buyers into the market. That said, the market witnessed intermittent volatility, primarily a result of profit-taking following the recent strong gains.
Fed Chair Jerome Powell dispelled doubts that lingered among some quarters by stating at his Jackson Hole address that the central bank may be ready for rate cuts.
The S&amp;P 500 and the Dow Industrials ended at their highest levels since mid-July and traded just shy of their all-time highs. Small-caps outperformed last week, with the Russell 2,000 Index posting a weekly gain of 3.59% and ending at its highest level in about three weeks.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Week&#8217;s Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+1.40%</td>
<td>17,877.79</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+1.45%</td>
<td>5,634.61</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+1.27%</td>
<td>41,175.08</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+3.59%</td>
<td>2,218.70</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Following Powell&#8217;s Jackson Hole address, fund manager Louis Navellier said, &#8220;It looks like we&#8217;re going to have at least three rate cuts this year, which will be on September 18th, on November 7th two days after the election, and on December 18th.&nbsp;&#8220;The Fed is&nbsp;going to get closer to market rates, and that is&nbsp;very positive,&#8221; he added.
The fund managers listed the following as key catalysts that could be supportive of further gains: 
<ul>
<li>Nvidia&#8217;s earnings are due Wednesday, Aug. 28, with Navellier calling for phenomenal guidance from the company</li>
<li>The price consumption expenditure reading of the personal income and spending report, due Aug. 30; the fund manager expects it to be highly favorable.</li>
<li>Pre-holiday optimism ahead of Labor Day and some consolidation after the event</li>
<li>Sept. 10 presidential debate</li>
<li>Sept. 15 quarterly tax filing deadline; Navellier attributed the recent market softness to people selling stocks to pay tax.</li>
<li>Sept. 18 Fed rate cut and accompanying dovish statement as well as a new dot-plot which will likely show Fed officials&#8217; forecast for rate cuts for the rest of the year and the next</li>
</ul>
Carson Group&#8217;s Ryan Detrick said on Friday, that the advancing volume outdid declining volume by 11 times on the New York Stock Exchange. This was the most since Oct. 17, 2022, the lows of the bear market, he said, adding that since 1979, there were 47 times when advancing volume was 10 times more than declining volume.
&#8220;Higher a [year] later 85% of time and up nearly 13% on [average],&#8221; Detrick said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Friday saw nearly 11x amount of advancing volume to declining volume at NYSE. Most since 10/17/22 &#8211; the lows of bear market. I found 47 other times it was 10x (since &#39;79 using <a href="https://twitter.com/NDR_Research?ref_src=twsrc%5Etfw">@NDR_Research</a> data). Higher a yr later 85% of time and up nearly 13% on avg. This. Is. Not. Bearish <a href="https://t.co/vF05VGRXns">pic.twitter.com/vF05VGRXns</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1827729696097730983?ref_src=twsrc%5Etfw">August 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Upcoming Economic Data
The July personal income and spending report that also comprises the Fed&#8217;s favorite inflation gauge &#8211; the core rate of personal consumption expenditure, the weekly jobless claims report and a few Fed speeches are among the key Main Street catalysts due this week.
Traders may also keep an eye on the preliminary second-quarter GDP data, the July durables goods orders report, two separate consumer confidence readings and the results of a regional manufacturing survey. A handful of housing market data also are due for the week.
On Monday, the Commerce Department will release the durable goods orders report at 8:30 a.m. EDT. Economists, on average, expect durable goods orders growth of 4% month-over-month, reversing June&#8217;s 6.7% drop. Core durable goods orders, which strip off the volatile transportation orders, may have remained unchanged in July following a 0.4% increase in June.
The Treasury is set to auction three and six-month notes at 11:30 a.m. EDT.
San Francisco Fed President Mary Daly is scheduled to do a TV&nbsp;interview at 2 p.m. EDT. 
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>Nvidia rose about a percent in premarket trading ahead of the company&#8217;s results.</li>
<li>XPeng, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) jumped over 5% following the company&#8217;s CEO Xiaopeng He boosting his stake in the company.</li>
<li>PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), a holding company of Pinduoduo, is <a href="https://www.benzinga.com/calendars/earnings">scheduled to report its financial results </a>before the market opens, while HEICO Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) will report after the close.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures are advanced over 1%, with the WTI-grade crude oil trading above $75-a-barrel level, and gold futures rose modestly. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) eased and yet traded firmly above the $63.5K level. The yield on the 10-year Treasury note fell 2.3 basis points to 3.784%.
Most Asian markets advanced on Monday, as Wall Street&#8217;s stellar performance last week amid rate-cut hopes catalyzed a rally in the region. The Japanese market pulled back, dragged by the yen&#8217;s strength. South Korea&#8217;s Kospi also ended lower for the day.
European stocks showed tentativeness in early trading. 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40546716/the-fed-is-all-but-decided-on-september-rate-cut-heres-why-it-may-not-provide-the-lift-wall-stre">Fed Is All But Decided On September Rate Cut: Here&#8217;s Why It May Not Provide The Lift Wall Street Is Betting On</a></li>
</ul>
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Movers

$BTC

NVDA

Citigourp Global Markets 2% Protected Notes Linked To The Djia

XPEV

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Jefferies aerospace & defense analysts hold analyst/industry conference call

Heico subsidiary acquires specialty component maker in India

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Berkshire Hathaway takes new position in Domino's cuts stake in Apple

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Press Releases

HEICO Corporation Increases Cash Dividend by 10%

HEICO Corporation Announces Regular Quarterly Conference Call

HEICO Corporation Acquires Leading Provider of Proprietary Aircraft Cockpit Emergency Egress and Aerial Delivery Solutions

Gabelli Funds to Host 30th Annual Aerospace & Defense Symposium at The Harvard Club, New York City

HEICO Corporation Reports Record Net Sales (Up 37%), Operating Income (Up 45%) and Net Income (Up 34%) for the Third Quarter of Fiscal 2024

Gabelli Funds to Host 30th Annual Aerospace & Defense Symposium at The Harvard Club, New York City Thursday, September 5, 2024

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