Top 5 Tech And Telecom Stocks Which Could Rescue Your Portfolio This Quarter
Portfolio Pulse from Lisa Levin
The most oversold stocks in the communication services sector present an opportunity to buy into undervalued companies. The top 5 oversold tech and telecom stocks with RSI near or below 30 are Cineverse Corp. (CNVS), IDT Corporation (IDT), AMC Entertainment Holdings (AMC), The Marcus Corporation (MCS), and EverQuote, Inc. (EVER).
June 27, 2023 | 11:54 am
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AMC Entertainment Holdings' stock has a 52-week low of $3.77 and an RSI value of 29.70. National CineMedia announced a new long-term advertising agreement with Regal Cinemas.
AMC Entertainment Holdings is considered oversold with an RSI value of 29.70, which is below the threshold of 30. This indicates that the stock may perform better in the short term as investors may see it as undervalued. The new advertising agreement with Regal Cinemas may also positively impact the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Cineverse Corp. is expected to release financial results for the fiscal fourth quarter and year ended March 31, 2023, on June 29, 2023. The stock has a 52-week low of $0.25 and an RSI value of 18.69.
Cineverse Corp. is considered oversold with an RSI value of 18.69, which is below the threshold of 30. This indicates that the stock may perform better in the short term as investors may see it as undervalued.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
EverQuote, Inc. announced a cost reduction plan and appointment of Joseph Sanborn as CFO. The stock has a 52-week low of $5.23 and an RSI value of 28.23.
EverQuote, Inc. is considered oversold with an RSI value of 28.23, which is below the threshold of 30. This indicates that the stock may perform better in the short term as investors may see it as undervalued. The cost reduction plan and appointment of a new CFO may also positively impact the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
IDT Corporation reported a 9% decrease in consolidated revenue to $299 million in the third quarter. The stock has a 52-week low of $23.07 and an RSI value of 27.12.
IDT Corporation is considered oversold with an RSI value of 27.12, which is below the threshold of 30. This indicates that the stock may perform better in the short term as investors may see it as undervalued.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The Marcus Corporation posted a wider-than-expected quarterly loss. The stock has a 52-week low of $13.62 and an RSI value of 29.90.
The Marcus Corporation is considered oversold with an RSI value of 29.90, which is below the threshold of 30. This indicates that the stock may perform better in the short term as investors may see it as undervalued, despite the wider-than-expected quarterly loss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100