Top 5 Industrials Stocks That Could Blast Off This Quarter
Portfolio Pulse from Lisa Levin
The article lists the top 5 oversold stocks in the industrials sector, which could present an opportunity for investors. The companies mentioned are Dragonfly Energy Holdings Corp. (DFLI), AgEagle Aerial Systems, Inc. (UAVS), SOS Limited (SOS), Nxu, Inc. (NXU), and Wheels Up Experience Inc. (UP). All these stocks have an RSI value below 30, indicating they are oversold and could potentially rebound.
July 06, 2023 | 11:45 am
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POSITIVE IMPACT
Dragonfly Energy recently priced 10 million shares at $2/share. Its stock fell 2% to close at $1.47 on Wednesday with an RSI of 28.74.
The stock is oversold according to its RSI value, which could indicate a potential rebound in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Nxu expanded its Arizona presence with acquisition of HQ facility. Its stock gained 6% to close at $0.5699 on Wednesday with an RSI of 23.26.
The stock is oversold according to its RSI value, which could indicate a potential rebound in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
SOS Limited posted FY22 total revenue of $260.1 million, down 11.8% YoY. Its stock gained 2.1% to close at $4.29 on Wednesday with an RSI of 9.47.
The stock is oversold according to its RSI value, which could indicate a potential rebound in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
AgEagle Aerial Systems recently priced its $4.2 million offering. Its stock fell 1.6% to close at $0.2264 on Wednesday with an RSI of 24.08.
The stock is oversold according to its RSI value, which could indicate a potential rebound in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Wheels Up Experience recently issued a statement following speculative public reports. Its stock gained 6.5% to close at $1.31 on Wednesday with an RSI of 23.15.
The stock is oversold according to its RSI value, which could indicate a potential rebound in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100