Top 2 Consumer Stocks Which Could Rescue Your Portfolio In Q3
Author: Avi Kapoor | July 25, 2024 09:00am
The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued 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 oversold when the RSI is below 30, according to Benzinga Pro.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
On June 26, Conn's received a delinquency notification letter from the Nasdaq. The company's stock fell around 48% over the past five days and has a 52-week low of $0.31.
RSI Value: 17.61
CONN Price Action: Shares of Conn’s closed at $0.35 on Wednesday.
On June 26, Levi Strauss reported quarterly earnings of 16 cents per share which beat the analyst consensus estimate of 11 cents. "We delivered another strong quarter driven by the Levi's brand's prominence at the center of culture, a robust pipeline of newness and innovation, and continued momentum in our global direct-to-consumer channel. Our amplified focus on women's and denim lifestyle is delivering outsized growth and driving meaningful market share gains," said Michelle Gass, CEO of Levi Strauss & Co. The company's stock fell around 24% over the past month. It has a 52-week low of $12.42.
RSI Value: 25.55
LEVI Price Action: Shares of Levi Strauss fell slightly to close at $17.50 on Wednesday.
