Top 5 Tech And Telecom Stocks That May Rocket Higher This Month
Portfolio Pulse from Lisa Levin
The most oversold stocks in the communication services sector present an opportunity to buy into undervalued companies. Vodafone Group (VOD), AMC Networks (AMCX), Frontier Communications (FYBR), iQIYI (IQ), and Sea Limited (SE) are major oversold players with RSI values near or below 30.
June 05, 2023 | 11:41 am
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NEUTRAL IMPACT
Sea Limited reported worse-than-expected Q1 financial results. The stock has a 52-week low of $40.67 and an RSI value of 29.99.
Sea Limited's worse-than-expected Q1 financial results may negatively impact the stock. However, the stock is currently oversold, which may present a buying opportunity for investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
AMC Networks reported better-than-expected Q1 financial results. The stock has a 52-week low of $11.16 and an RSI value of 28.53.
AMC Networks' better-than-expected Q1 financial results indicate a positive outlook for the company. The stock is currently oversold, which may present a buying opportunity for investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Frontier Communications reported mixed Q1 financial results and increased its FY23 cash capital expenditures guidance. The stock has a 52-week low of $14.49 and an RSI value of 26.51.
Frontier Communications' mixed Q1 results and increased FY23 guidance indicate a positive outlook for the company. The stock is currently oversold, which may present a buying opportunity for investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
iQIYI posted upbeat quarterly results, with over 17 million net subscriber additions. The stock has a 52-week low of $1.65 and an RSI value of 29.56.
iQIYI's strong Q1 results and significant subscriber growth indicate a positive outlook for the company. The stock is currently oversold, which may present a buying opportunity for investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Vodafone Portugal and RingCentral launched a new communications and collaboration solution. VOD's stock has a 52-week low of $9.35 and an RSI value of 29.22.
The launch of the new communications and collaboration solution with RingCentral is a positive development for Vodafone. The stock is currently oversold, which may present a buying opportunity for investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100