Top 5 Consumer Staples Stocks Which Could Rescue Your Portfolio This Month
Portfolio Pulse from Lisa Levin
The most oversold stocks in the consumer staples sector present an opportunity to buy into undervalued companies. The list includes Farmer Bros. Co. (FARM), The Hain Celestial Group, Inc. (HAIN), Arcadia Biosciences, Inc. (RKDA), Tattooed Chef, Inc. (TTCF), and British American Tobacco p.l.c. (BTI).
May 23, 2023 | 11:58 am
News sentiment analysis
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NEUTRAL IMPACT
British American Tobacco appointed Tadeu Marroco as CEO to succeed Jack Bowles, but shares dropped 0.1% to close at $33.15 on Monday.
British American Tobacco appointed a new CEO, which could have a neutral impact on the stock. Shares dropped 0.1% on Monday, indicating that the market may have already priced in the news.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Farmer Bros posted a wider-than-expected quarter loss, but shares gained 3.9% to close at $2.14 on Monday.
Farmer Bros posted a wider-than-expected quarter loss, which could negatively impact the stock. However, shares gained 3.9% on Monday, indicating that the market may have already priced in the news.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Hain Celestial reported worse-than-expected Q3 adjusted EPS and sales results and lowered FY23 guidance, but shares rose 2.2% to close at $13.61 on Monday.
Hain Celestial reported worse-than-expected Q3 results and lowered FY23 guidance, which could negatively impact the stock. However, shares rose 2.2% on Monday, indicating that the market may have already priced in the news.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Arcadia Biosciences reported a drop in revenues to $1.5 million in Q1, down from $3.2 million in the same period in 2022, but shares gained 0.4% to close at $4.66 on Monday.
Arcadia Biosciences reported a drop in revenues, which could negatively impact the stock. However, shares gained 0.4% on Monday, indicating that the market may have already priced in the news.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Tattooed Chef posted a narrower Q1 loss, and shares rose 0.3% to close at $0.6558 on Monday.
Tattooed Chef posted a narrower Q1 loss, which could positively impact the stock. Shares rose 0.3% on Monday, indicating that the market may have already priced in the news.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100