Top 5 Tech Stocks Which Could Rescue Your Portfolio This Month
Portfolio Pulse from Lisa Levin
The most oversold stocks in the information technology sector, with RSI values near or below 30, include Tingo Group (TIO), Semantix (STIX), SecureWorks (SCWX), PagerDuty (PD), and Intevac (IVAC). These stocks present an opportunity to buy into undervalued companies.
June 13, 2023 | 12:44 pm
News sentiment analysis
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NEGATIVE IMPACT
PagerDuty's stock is considered oversold with an RSI value of 26.91. The company issued weak revenue guidance.
PagerDuty's weak revenue guidance could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
SecureWorks' stock is considered oversold with an RSI value of 23.03. The company reported worse-than-expected Q1 financial results and issued Q2 guidance below estimates.
SecureWorks' worse-than-expected Q1 financial results and lowered Q2 guidance could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tingo Group's stock is considered oversold with an RSI value of 28.79. The company has been accused of being a scam with falsified financials by Hindenburg Research.
The negative report from Hindenburg Research accusing Tingo Group of being a scam with falsified financials could lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Semantix's stock is considered oversold with an RSI value of 29.94. The company reported a 1% YoY revenue growth in Q1.
Semantix's 1% YoY revenue growth in Q1 is a positive sign, but it may not be enough to significantly impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Intevac's stock is considered oversold with an RSI value of 28.00. The company posted a narrower-than-expected quarterly loss.
Intevac's narrower-than-expected quarterly loss could lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100