Top 5 Industrials Stocks That Should Keep You Up At Night
Portfolio Pulse from Lisa Levin
The article lists the top 5 overbought stocks in the industrials sector, presenting an opportunity to go short on these overvalued companies. The stocks mentioned are Freightos Limited (CRGO), Aurora Innovation (AUR), LanzaTech Global (LNZA), Bowman Consulting Group (BWMN), and Astronics Corporation (ATRO).
June 23, 2023 | 12:31 pm
News sentiment analysis
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Astronics Corporation (ATRO) is considered overbought with an RSI value of 70.45. The company announced the filing of a $150 million universal shelf registration statement.
ATRO is considered overbought with an RSI value above 70, indicating that the stock may be overvalued and could experience a short-term price decline. However, the company filed a $150 million universal shelf registration statement, suggesting potential long-term growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Aurora Innovation (AUR) is considered overbought with an RSI value of 70.21. Canaccord Genuity reiterated a Buy rating and maintained a $5 price target.
AUR is considered overbought with an RSI value above 70, indicating that the stock may be overvalued and could experience a short-term price decline. However, Canaccord Genuity maintains a Buy rating, suggesting potential long-term growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Bowman Consulting Group (BWMN) is considered overbought with an RSI value of 70.14. The company has been selected by Southwest Gas Corporation's Southern Nevada Division for a new multi-year contract.
BWMN is considered overbought with an RSI value above 70, indicating that the stock may be overvalued and could experience a short-term price decline. However, the company secured a new multi-year contract with Southwest Gas Corporation, suggesting potential long-term growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Freightos Limited (CRGO) is considered overbought with an RSI value of 74.82. Chardan Capital reiterated a Buy rating and maintained an $11 price target.
CRGO is considered overbought with an RSI value above 70, indicating that the stock may be overvalued and could experience a short-term price decline. However, Chardan Capital maintains a Buy rating, suggesting potential long-term growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
LanzaTech Global (LNZA) is considered overbought with an RSI value of 80.81. The company posted a narrower quarterly loss and recently went public.
LNZA is considered overbought with an RSI value above 70, indicating that the stock may be overvalued and could experience a short-term price decline. However, the company posted a narrower quarterly loss and recently went public, suggesting potential long-term growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100