Top 5 Risk Off Stocks That Could Blast Off In Q2
Portfolio Pulse from Lisa Levin
The most oversold stocks in the consumer staples sector, with RSI values near or below 30, include Dollar General, Unilever, BJ's Wholesale Club, Hain Celestial, and Target. These stocks present an opportunity to buy into undervalued companies.
June 07, 2023 | 12:49 pm
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POSITIVE IMPACT
BJ's Wholesale Club reported worse-than-expected Q1 sales results but had a record first quarter in net income and adjusted EBITDA. Its RSI value is 27.00.
Despite worse-than-expected Q1 sales results, BJ's Wholesale Club reported a record first quarter in net income and adjusted EBITDA. The stock's RSI value of 27.00 indicates an oversold status, presenting a potential buying opportunity for investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Dollar General reported worse-than-expected Q1 results and cut its FY23 sales growth outlook. Its RSI value is 17.26.
Dollar General's worse-than-expected Q1 results and reduced FY23 outlook have led to an oversold status, with an RSI value of 17.26. This presents a potential buying opportunity for investors, as the stock may rebound in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Hain Celestial reported worse-than-expected Q3 adjusted EPS and sales results and lowered its FY23 guidance. Its RSI value is 26.03.
Hain Celestial's worse-than-expected Q3 results and lowered FY23 guidance have led to an oversold status, with an RSI value of 26.03. This presents a potential buying opportunity for investors, as the stock may rebound in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Target reported better-than-expected Q1 financial results but expects shrink to reduce profitability by more than $500 million compared to last year. Its RSI value is 26.93.
Despite better-than-expected Q1 results, Target expects shrink to reduce profitability. The stock's RSI value of 26.93 indicates an oversold status, presenting a potential buying opportunity for investors in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Unilever reported Q1 sales of €14.8 billion and has an RSI value of 29.41.
Unilever's RSI value of 29.41 suggests that the stock is oversold, presenting a potential buying opportunity for investors. The company's Q1 sales report may contribute to a short-term rebound in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100