Top 3 Tech And Telecom Stocks That Are Set To Fly In July
Portfolio Pulse from Lisa Levin
The article lists three oversold stocks in the communication services sector that are expected to perform well in July. These include IDT Corporation (NYSE:IDT), Chunghwa Telecom Co., Ltd. (NYSE:CHT), and Cineverse Corp. (NASDAQ:CNVS). All three companies have reported positive financial results recently, despite facing challenges.
July 12, 2023 | 12:03 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Chunghwa Telecom reported a 5.7% YoY revenue growth in Q1. The company's stock has a 52-week low of $32.90 and an RSI value of 18.75, indicating it is oversold.
Chunghwa Telecom's strong financial performance and low RSI value suggest that the stock is undervalued and may rebound in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Cineverse Corp. recently announced its financial results for the fiscal fourth quarter. The company's stock has a 52-week low of $0.25 and an RSI value of 19.45, indicating it is oversold.
Cineverse Corp.'s recent financial results and low RSI value suggest that the stock is undervalued and may rebound in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
IDT Corporation reported a 50% increase in third-quarter EPS to $0.27. The company's stock has a 52-week low of $23.07 and an RSI value of 25.04, indicating it is oversold.
IDT Corporation's strong financial performance and low RSI value suggest that the stock is undervalued and may rebound in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100