Top 5 Industrials Stocks That Are Preparing To Pump In Q3
Portfolio Pulse from Lisa Levin
The article lists the top 5 oversold stocks in the industrials sector, which are considered undervalued and present a buying opportunity. The stocks are Equifax Inc. (EFX), SKYX Platforms Corp. (SKYX), RTX Corporation (RTX), Casella Waste Systems, Inc. (CWST), and CBIZ, Inc. (CBZ). The companies' recent performances and RSI values are discussed.
July 28, 2023 | 11:46 am
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NEGATIVE IMPACT
CBIZ posted downbeat Q2 earnings. Its stock fell 3.8% to close at $51.45 on Thursday.
The company's disappointing Q2 earnings led to a fall in the stock price, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Casella Waste Systems posted downbeat Q2 results. Its stock fell 2% to close at $82.37 on Thursday.
The company's disappointing Q2 results led to a fall in the stock price, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Equifax reported Q2 revenues of $1.318 billion, in line with consensus. Its stock fell 0.3% to close at $202.86 on Thursday.
The company's revenues met expectations, but the stock price fell, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
RTX reported Q2 sales growth of 12% YOY to $18.32 billion, beating consensus. Its stock fell 1.3% to close at $85.17 on Thursday.
Despite beating sales expectations, the stock price fell, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
SKYX Platforms appointed Khadija Mustafa as a Senior Tech, AI and Global Business Advisor. Its stock fell 5.6% to close at $1.86 on Thursday.
Despite the appointment of a new advisor, the stock price fell, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100