Top 5 Defensive Stocks That May Rocket Higher This Quarter
Portfolio Pulse from Lisa Levin
The most oversold stocks in the consumer staples sector present an opportunity to buy into undervalued companies. The top 5 oversold stocks with RSI near or below 30 are Campbell Soup Company (CPB), Lancaster Colony Corporation (LANC), 22nd Century Group, Inc. (XXII), BJ's Wholesale Club Holdings, Inc. (BJ), and Upexi, Inc. (UPXI).
June 20, 2023 | 12:34 pm
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NEUTRAL IMPACT
BJ's Wholesale Club reported worse-than-expected Q1 sales results. RSI Value: 28.15.
BJ's Wholesale Club's worse-than-expected Q1 sales results may have a neutral impact on the stock price in the short term, as the RSI value indicates it is oversold.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Campbell Soup Company reported slightly worse-than-expected Q3 revenue results and reaffirmed FY23 guidance with adjusted EPS below estimates. RSI Value: 28.28.
Campbell Soup's worse-than-expected Q3 revenue results and reaffirmed FY23 guidance with adjusted EPS below estimates may have a neutral impact on the stock price in the short term, as the RSI value indicates it is oversold.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Lancaster Colony posted downbeat Q3 earnings. RSI Value: 25.61.
Lancaster Colony's downbeat Q3 earnings may have a neutral impact on the stock price in the short term, as the RSI value indicates it is oversold.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Upexi's toy brand, Tytan Magnetic Tiles, announced a new first party agreement with Amazon.com for the launch and expansion of Disney products. RSI Value: 20.62.
Upexi's new first party agreement with Amazon.com for the launch and expansion of Disney products may have a neutral impact on the stock price in the short term, as the RSI value indicates it is oversold.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
22nd Century Group released Q1 results with net revenues of $22.0 million, an increase of 142.8% from the same period in 2022. RSI Value: 27.97.
22nd Century Group's Q1 results with increased net revenues may have a neutral impact on the stock price in the short term, as the RSI value indicates it is oversold.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100