StockStory Flags Overvalued Parsons (PSN), Leonardo DRS (DRS), HP (HPQ) After May Rally

StockStory warned on June 1, 2026, that Parsons, Leonardo DRS, and HP face correction risks after their shares surged 19% to 30% in May 2026, outpacing broader markets on temporary catalysts. The market analysis firm said inflated valuations leave little room for disappointment. Parsons (NYSE:PSN) closed at $60.55, trading at 17.4 times forward earnings, after a 19% monthly gain driven by new product launches. Leonardo DRS (NASDAQ:DRS) ended at $47.87, or 3.2 times forward sales, following a 19.6% rise tied to media coverage. HP (NYSE:HPQ) jumped 30% to $27.09, priced at 9.2 times forward earnings, amid consumer PC hype. StockStory cautioned that chasing momentum without underlying fundamental support often leads to losses, advising investors to review valuations before committing capital.