Top 5 Risk Off Stocks That Could Lead To Your Biggest Gains in June
Portfolio Pulse from Lisa Levin
The article lists the top 5 oversold stocks in the consumer staples sector, which could present buying opportunities. The stocks mentioned are The Kraft Heinz Company (KHC), Campbell Soup Company (CPB), Vital Farms, Inc (VITL), Fresh Del Monte Produce Inc. (FDP), and United Natural Foods, Inc. (UNFI). All these stocks have an RSI value below 30, indicating they are oversold.
June 29, 2023 | 12:53 pm
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NEUTRAL IMPACT
Fresh Del Monte Produce's stock is oversold with an RSI of 28.12. The company posted downbeat quarterly results.
Despite the oversold status of FDP's stock, the downbeat quarterly results could deter investors, leading to a neutral impact on the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100
POSITIVE IMPACT
Campbell Soup's stock is oversold with an RSI of 25.48. The company reported Q3 FY23 net sales growth of 5% YoY, slightly missing consensus.
Despite missing the consensus, the company's growth and oversold status could attract investors, potentially driving the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Kraft Heinz's stock is oversold with an RSI of 18.86. Piper Sandler maintained a Neutral rating and lowered the price target from $43 to $41.
The oversold status of KHC's stock and the lowered price target by Piper Sandler could lead to increased buying pressure, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
United Natural Foods' stock is oversold with an RSI of 27.86. The company disclosed a partnership with RELEX Solutions to enhance demand planning capabilities and procurement efficiencies.
The oversold status of UNFI's stock, along with the new partnership, could attract investors, potentially driving the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Vital Farms' stock is oversold with an RSI of 24.35. The company reported better-than-expected Q1 results and maintained FY23 guidance.
The oversold status of VITL's stock, along with better-than-expected Q1 results and maintained guidance, could attract investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100