Top 2 Utilities Stocks That May Crash This Quarter

Core Insights - Two stocks in the utilities sector are signaling potential warnings for momentum-focused investors as of November 1, 2024 [1] Group 1: Entergy Corp (ETR) - Entergy reported better-than-expected quarterly earnings and raised its FY24 EPS outlook, highlighting strong operational and regulatory performance [3] - The company's stock gained approximately 16% over the past month, reaching a 52-week high of $156.85 [3] - Entergy's RSI value is at 90.51, indicating it is significantly overbought [3] Group 2: Xcel Energy Inc (XEL) - Xcel Energy posted disappointing quarterly earnings, emphasizing the need for a fundamental shift in energy generation and delivery due to unprecedented demand [4] - The stock gained around 2% over the past five days, with a 52-week high of $67.73 [4] - Xcel Energy's RSI value is at 75.43, suggesting it is also overbought [4]