Top 5 Industrials Stocks That May Implode This Month
Portfolio Pulse from Lisa Levin
The most overbought stocks in the industrials sector include SES AI Corporation, Blade Air Mobility, Joby Aviation, Vertiv Holdings, and U.S. Xpress Enterprises. These companies have high RSI values, indicating they may be overvalued and present an opportunity to go short.
June 07, 2023 | 11:49 am
News sentiment analysis
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NEGATIVE IMPACT
Blade Air Mobility reported Q1 FY23 revenue growth of 70% YoY, beating consensus. The stock has a 52-week high of $6.96 and an RSI value of 75.07.
Blade Air Mobility's high RSI value suggests it is overbought, which may result in a short-term price decline as investors sell their shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Joby Aviation posted a wider-than-expected quarterly loss, with a 52-week high of $7.15 and an RSI value of 75.46.
Joby Aviation's high RSI value indicates it is overbought, which may lead to a short-term price decline as investors sell their shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
SES AI Corporation is set to join the Russell 3000 Index, with a 52-week high of $6.42 and an RSI value of 70.48.
SES AI's high RSI value indicates it is overbought, which may lead to a short-term price decline as investors sell their shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
U.S. Xpress Enterprises will be acquired by Knight-Swift Transportation for $6.15 per share, with a 52-week high of $6.13 and an RSI value of 74.70.
U.S. Xpress Enterprises' high RSI value indicates it is overbought, which may lead to a short-term price decline as investors sell their shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Vertiv Holdings reported better-than-expected Q1 results and issued Q2 guidance, with a 52-week high of $20.53 and an RSI value of 70.85.
Vertiv Holdings' high RSI value suggests it is overbought, which may result in a short-term price decline as investors sell their shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100