PFSweb, Inc.

The most overbought stocks in the information technology sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. Jabil Inc. (NYSE: JBL) Jabil reported mixed fourth-quarter results and issued strong first-quarter earnings guidance. "The team delivered yet another solid year and I'm pleased with the progress ...

Related tickers: CSCO, PFSW, JBL, SPLK, NEWR, GXO.

Upgrades Northcoast Research upgraded the previous rating for Jack Henry & Associates Inc (NASDAQ:JKHY) from Neutral to Buy. For the fourth quarter, Jack Henry & Associates had an EPS of $1.34, compared to year-ago quarter EPS of $1.10. The current stock performance of Jack Henry & Associates shows a 52-week-high of $202.60 and a 52-week-low of $139.28. Moreover, at the end of the last trading period, the closing price was at $154.49. For Carvana Co (NYSE:CVNA), Wedbush upgraded the previous rating of Underperform to Neutral. For the second quarter, Carvana had an EPS of $0.55, compared to year-ago quarter EPS of $2.35. The stock has a 52-week-high of $57.19 and a 52-week-low of $3.56. At the end of the last trading period, Carvana closed at $52.20. For Ralph Lauren Corp (NYSE:RL), Guggenheim upgraded the previous rating of Neutral to Buy. For the first quarter, Ralph Lauren had an EPS of $2.34, compared to year-ago quarter EPS of $1.88. At the moment, the stock has a 52-week-high of $135.75 and a 52-week-low of $82.57. Ralph Lauren closed at $113.86 at the end of the last trading period. For BioCryst Pharmaceuticals Inc (NASDAQ:BCRX), RBC Capital upgraded the previous rating of Sector Perform to Outperform. BioCryst Pharma earned $0.24 in the second quarter, compared to $0.32 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.50 and a 52-week-low of $6.62. BioCryst Pharma closed at $6.85 at the end of the last trading period. For Iridium Communications Inc (NASDAQ:IRDM), Deutsche Bank upgraded the previous rating of Hold to Buy. Iridium Comms earned $0.24 in the second quarter, compared to $0.04 in the year-ago quarter. At the moment, the stock has a 52-week-high of $68.34 and a 52-week-low of $43.02. Iridium Comms closed at $47.55 at the end of the last trading period. According to B of A Securities, the prior rating for ESAB Corp (NYSE:ESAB) was changed from Neutral to Buy. ESAB earned $1.28 in the second quarter, compared to $1.14 in the year-ago quarter. The stock has a 52-week-high of $73.42 and a 52-week-low of $32.20. At the end of the last trading period, ESAB closed at $68.30. According to Hovde Group, the prior rating for Prosperity Bancshares Inc (NYSE:PB) was changed from Market Perform to Outperform. In the second quarter, Prosperity Bancshares showed an EPS of $1.21, compared to $1.40 from the year-ago quarter. At the moment, the stock has a 52-week-high of $78.76 and a 52-week-low of $54.45. Prosperity Bancshares closed at $56.85 at the end of the last trading period. According to HC Wainwright & Co., the prior rating for Oncternal Therapeutics Inc (NASDAQ:ONCT) was changed from Neutral to Buy. In the second quarter, Oncternal Therapeutics showed an EPS of $0.15, compared to $0.23 from the year-ago quarter. The stock has a 52-week-high of $1.33 and a 52-week-low of $0.26. At the end of the last trading period, Oncternal Therapeutics closed at $0.35. According to Wells Fargo, the prior rating for Lockheed Martin Corp (NYSE:LMT) was changed from Underweight to Equal-Weight. Lockheed Martin earned $6.73 in the second quarter, compared to $6.32 in the year-ago quarter. At the moment, the stock has a 52-week-high of $508.10 and a 52-week-low of $383.24. Lockheed Martin closed at $424.05 at the end of the last trading period. Wells Fargo upgraded the previous rating for L3Harris Technologies Inc (NYSE:LHX) from Equal-Weight to Overweight. L3Harris Technologies earned $2.97 in the second quarter, compared to $6.38 in the year-ago quarter. The current stock performance of L3Harris Technologies shows a 52-week-high of $255.02 and a 52-week-low of $167.14. Moreover, at the end of the last trading period, the closing price was at $172.72. For Albany International Corp (NYSE:AIN), TD Cowen upgraded the previous rating of Market Perform to Outperform. For the second quarter, Albany Intl had an EPS of $0.90, compared to year-ago quarter EPS of $1.06. The current stock performance of Albany Intl shows a 52-week-high of $115.39 and a 52-week-low of $77.15. Moreover, at the end of the last trading period, the closing price was at $85.47. According to Mizuho, the prior rating for Kimco Realty Corp (NYSE:KIM) was changed from Neutral to Buy. Kimco Realty earned $0.39 in the second quarter, compared to $0.40 in the year-ago quarter. The current stock performance of Kimco Realty shows a 52-week-high of $23.27 and a 52-week-low of $17.34. Moreover, at the end of the last trading period, the closing price was at $18.88. UBS upgraded the previous rating for AGNC Investment Corp (NASDAQ:AGNC) from Neutral to Buy. AGNC Investment earned $0.67 in the second quarter, compared to $0.83 in the year-ago quarter. At the moment, the stock has a 52-week-high of $12.25 and a 52-week-low of $7.30. AGNC Investment closed at $10.07 at the end of the last trading period. According to UBS, the prior rating for Annaly Capital Management Inc (NYSE:NLY) was changed from Neutral to Buy. In the second quarter, Annaly Capital Management showed an EPS of $0.72, compared to $1.20 from the year-ago quarter. The stock has a 52-week-high of $27.18 and a 52-week-low of $15.11. At the end of the last trading period, Annaly Capital Management closed at $20.57. According to Mizuho, the prior rating for DoorDash Inc (NYSE:DASH) was changed from Neutral to Buy. In the second quarter, DoorDash showed an EPS of $0.44, compared to $0.72 from the year-ago quarter. At the moment, the stock has a 52-week-high of $92.61 and a 52-week-low of $41.40. DoorDash closed at $80.93 at the end of the last trading period. According to Morgan Stanley, the prior rating for Alteryx Inc (NYSE:AYX) was changed from Equal-Weight to Overweight. In the second quarter, Alteryx showed an EPS of $0.37, compared to $0.46 from the year-ago quarter. The stock has a 52-week-high of $70.63 and a 52-week-low of $27.92. At the ...Full story available on Benzinga.com

Related tickers: PB, DASH, GPN, ONCT, ZIM, KIM, PARA, SA, ULCC, LMT, AMBA, AGNC, ANEB, LNT, AMBA, ASGN, KNTK, MU, NLY, PTCT, BCRX, ESAB, PAY, SMPL, BMRN, RL, ARCB, JKHY, SKX, ARCB, LULU, SU, PYPL, NTAP, VFC, PLNT, OCFC, WBD, AYX, PFSW, SCCO, QS, AIN, NXT, CVNA, ARM, IRDM, TENB, DIS, PB, LHX, FRT.