Top 3 Consumer Stocks That Could Lead To Your Biggest Gains In Q3
Portfolio Pulse from Lisa Levin
The article lists three consumer stocks that are currently oversold and could present buying opportunities. These include Birks Group Inc. (BGI), Greenlane Holdings, Inc. (GNLN), and EBET, Inc. (EBET). Birks Group reported a 2.9% growth in comparable store sales for the year ended March 25, 2023, despite economic headwinds. Greenlane Holdings recently announced a $4 million public offering. EBET, Inc. received a limited waiver of some financial covenants until June 30, 2023.
July 13, 2023 | 11:58 am
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POSITIVE IMPACT
Birks Group reported a 2.9% growth in comparable store sales for the year ended March 25, 2023, despite economic headwinds. The stock is currently oversold with an RSI of 23.56.
The reported growth in sales despite economic challenges indicates a strong performance. The oversold status suggests potential for price recovery.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
EBET, Inc. received a limited waiver of some financial covenants until June 30, 2023. The stock is currently oversold with an RSI of 24.22.
The waiver of financial covenants provides the company with more financial flexibility. The oversold status suggests potential for price recovery.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100
POSITIVE IMPACT
Greenlane Holdings recently announced a $4 million public offering. The stock is currently oversold with an RSI of 12.23.
The public offering could provide the company with additional capital for growth. The oversold status suggests potential for price recovery.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100