Top 5 Consumer Stocks That Could Blast Off This Month
Portfolio Pulse from Lisa Levin
The article lists five consumer stocks that are currently oversold and could potentially rebound. These include Stride, Inc. (LRN), Adtalem Global Education Inc. (ATGE), Strategic Education, Inc. (STRA), Canoo Inc. (GOEV), and NaaS Technology Inc. (NAAS). All these companies have reported positive financial results recently, but their stocks have been trading near or below their 52-week lows.
June 28, 2023 | 11:34 am
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POSITIVE IMPACT
Adtalem Global Education Inc. posted better-than-expected quarterly results. Its stock is currently oversold with an RSI of 21.87.
Adtalem's positive quarterly results could potentially lead to a rebound in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Canoo Inc. posted a narrower-than-expected quarterly loss. Its stock is currently oversold with an RSI of 29.06.
Canoo's better-than-expected financial results could potentially lead to a rebound in its stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Stride, Inc. reported better-than-expected Q3 results and raised 2023 revenue guidance. Its stock is currently oversold with an RSI of 29.15.
Stride's positive financial results and raised revenue guidance could potentially lead to a rebound in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
NaaS Technology Inc. posted an increase in quarterly sales. Its stock is currently oversold with an RSI of 26.43.
NaaS Technology's increased quarterly sales could potentially lead to a rebound in its stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Strategic Education, Inc. reported mixed Q1 financial results. Its stock is currently oversold with an RSI of 25.54.
Despite mixed Q1 results, Strategic Education's stock could potentially rebound due to its oversold status.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100