Top 5 Tech Stocks You'll Regret Missing This Quarter
Portfolio Pulse from Lisa Levin
The article lists five tech stocks that are currently oversold, presenting a potential buying opportunity. The companies mentioned are ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS), CalAmp Corp. (NASDAQ:CAMP), Methode Electronics, Inc. (NYSE:MEI), OSI Systems, Inc. (NASDAQ:OSIS), and Richardson Electronics, Ltd. (NASDAQ:RELL). The oversold status is determined by the Relative Strength Index (RSI), which is below 30 for all these stocks.
July 07, 2023 | 12:35 pm
News sentiment analysis
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NEGATIVE IMPACT
CalAmp Corp. was recently downgraded by Jefferies from Buy to Hold. Its stock has a 52-week low of $0.97 and an RSI of 27.45.
The downgrade by Jefferies and the low RSI value suggest a potential negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
ChipMOS TECHNOLOGIES reported a decline in quarterly sales. Its stock has a 52-week low of $17.50 and an RSI of 27.13.
The company's decline in quarterly sales and its low RSI value indicate a potential negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Methode Electronics reported mixed fourth-quarter results. Its stock has a 52-week low of $32.25 and an RSI of 27.41.
The mixed Q4 results and the low RSI value suggest a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
OSI Systems received a $12 million service order for advanced security inspection systems. Its stock has a 52-week low of $69.31 and an RSI of 29.51.
The $12 million service order and the low RSI value suggest a potential positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Richardson Electronics recently introduced a new patent pending hybrid ultracapacitor UPS system. Its stock has a 52-week low of $13.72 and an RSI of 28.71.
The introduction of a new product and the low RSI value suggest a potential positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100