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HEICO Corporation (NYSE:HEI ) Q2 2024 Results Conference Call May 29, 2024 9:00 AM ET Company Participants Laurans Mendelson - Chairman & Chief Executive Officer Eric Mendelson - Co-President & President of Flight Support Group Victor Mendelson - Co-President & President of Electronic Technologies Group Carlos Macau - Executive Vice President & Chief Financial Officer Conference Call Participants Robert Spingarn - Melius Research Sheila Kahyaoglu - Jefferies Scott Deuschle - Deutsche Bank Larry Solow - CJS Securities Peter Arment - Baird Bert Subin - Stifel Kenneth Herbert - RBC Capital Markets Sam Struhsaker - Truist Securities Louis Raffetto - Wolfe Research Gautam Khanna - TD Cowen Louie DiPalma - William Blair Operator Welcome to the HEICO Corporation Second Quarter 2024 Financial Results Call. My name is Samara, and I will be your operator for today's call.

Nothing is guaranteed in the market, but I have good personal conviction in several “Surefire” stocks to buy regularly. This is mostly due to how sticky their revenue and profits are, alongside their stable and consistent performance in the stock market up until now.

The headline numbers for Heico (HEI) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Does Heico Corporation (HEI) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here is how Heico Corporation (HEI) and Leidos (LDOS) have performed compared to their sector so far this year.

With two significant wars at the moment, you would think the question of which defense stocks to buy would be a topic of interest for investors. However, according to Barron's, the top five defense stocks: Lockheed Martin (NYSE: LMT ), Northrop Grumman (NYSE: NOC ), Boeing (NYSE: BA ), General Dynamics (NYSE: GD ) and RTX (NYSE: RTX ) have only gained an average of 30% over the past five years, significantly less than the index itself.

Investors interested in Aerospace - Defense Equipment stocks are likely familiar with Bae Systems PLC (BAESY) and Heico Corporation (HEI). But which of these two stocks is more attractive to value investors?

Beyond analysts' top -and-bottom-line estimates for Heico (HEI), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended April 2024.

TransDigm, Heico, Moog and AAR have been highlighted in this Industry Outlook article.

Valuable mergers and acquisitions, along with a solid air traffic outlook, are expected to boost Zacks Aerospace-Defense Equipment stocks amid supply chain challenges. You may buy TDG, HEI, MOG.A and AIR.