Top 5 Financial Stocks That May Rocket Higher In Q3
Portfolio Pulse from Lisa Levin
The article lists the top 5 oversold financial stocks that may surge in Q3. These include Top KingWin Ltd (TCJH), Netcapital Inc. (NCPL), PaySign, Inc. (PAYS), Burke & Herbert Financial Services Corp. (BHRB), and Beneficient (BENF). The stocks are considered oversold as their Relative Strength Index (RSI) is near or below 30.
July 26, 2023 | 11:36 am
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NEGATIVE IMPACT
Burke & Herbert Financial Services reported a net income of $7.5 million for Q1 2023. Its stock fell 0.02% to close at $50.98 on Tuesday with an RSI of 14.56.
The recent earnings report and the low RSI suggest that the stock is oversold and may rebound in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Netcapital recently announced the pricing of a public offering. Its stock fell 3.5% to close at $0.6510 on Tuesday with an RSI of 25.95.
The recent public offering and the low RSI suggest that the stock is oversold and may rebound in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
PaySign posted weaker-than-expected sales for Q1. Its stock fell 2.9% to close at $1.99 on Tuesday with an RSI of 29.44.
The weaker-than-expected sales and the low RSI suggest that the stock is oversold and may rebound in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Top KingWin Ltd recently closed an $11 million IPO. Its stock fell 3.7% to close at $1.56 on Tuesday with an RSI of 29.39.
The recent IPO and the low RSI indicate that the stock is oversold and may rebound in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Beneficient entered into a $250 million standby equity purchase agreement with YA II PN. Its stock gained 2.4% to close at $2.18 on Tuesday with an RSI of 15.76.
The recent equity purchase agreement and the low RSI suggest that the stock is oversold and may continue to rise in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100