Performance Food Group and Celestica Lead Stocks to Watch with New Highs

Performance Food Group (PFGC) and Celestica (CLS) have reached new highs in their Relative Strength ratings. PFGC broke out of a consolidation base and is now in a buy zone above 92.44, while also reaching an all-time high. This is attributed to reports of US labor market data and the companies' strong performance in the food and hardware industries.

Performance Food Group (PFGC) and Celestica (CLS) have both reached new highs in their Relative Strength ratings, according to recent market data. PFGC broke out of a consolidation base and is now in a buy zone above 92.44, while also reaching an all-time high. This strong performance can be attributed to reports of US labor market data and the companies' robust performance in their respective industries.

PFGC's stock price surged by 8.4% following rumors of a potential acquisition by US Foods (USFD), with analysts projecting a potential upside of 14.24% [1]. Despite the "Outperform" rating from analysts, the GF Value estimates indicate a potential downside risk of 18.38% [1]. The company's stock price has been driven by speculation about a merger, which could create a significant player in the food distribution industry but may face intense regulatory scrutiny.

Celestica (CLS), on the other hand, closed the most recent trading day at $158.83, down 1.29% from the previous session [3]. However, the stock has gained 26.01% over the past month, outpacing the Computer and Technology sector's gain of 6.2% and the S&P 500's gain of 4.37% [3]. Celestica's upcoming earnings report on July 28, 2025, is expected to show a 35.16% increase in earnings per share (EPS) compared to the same quarter last year [3]. The company's Zacks Rank of #3 (Hold) indicates a neutral outlook, but its Forward P/E ratio of 31.84 suggests it is trading at a premium compared to its industry average [3].

Both companies have shown strong resilience and growth potential, making them attractive to investors. PFGC's acquisition rumors and Celestica's robust earnings projections have driven their stocks to new highs in Relative Strength ratings. Investors should continue to monitor these companies for further developments and earnings reports.

References:
[1] https://www.gurufocus.com/news/2971703/performance-food-group-pfgc-shares-surge-amid-us-foods-acquisition-interest?mobile=true
[2] https://finance.yahoo.com/quote/CLS/
[3] https://finance.yahoo.com/news/celestica-cls-stock-declines-while-214503415.html