Top 3 Defensive Stocks That Could Lead To Your Biggest Gains In August
Portfolio Pulse from Lisa Levin
The article lists Kimberly-Clark Corporation (KMB), Kenvue Inc. (KVUE), and The Hershey Company (HSY) as the top 3 oversold stocks in the consumer staples sector, presenting an opportunity for investors. All three companies have reported their Q2 FY23 results, with KMB and HSY missing analyst consensus estimates, while KVUE posted better-than-expected results. Despite this, all three stocks saw a decline in their share prices.
August 01, 2023 | 12:07 pm
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NEGATIVE IMPACT
Hershey reported Q2 FY23 sales growth of 5% YoY, slightly missing estimates. The stock fell 1.8%.
Despite reporting sales growth, Hershey's stock fell due to slightly missing analyst consensus estimates. This could indicate investor concern over the company's short-term performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Kimberly-Clark reported Q2 FY23 sales growth of 1% YoY, missing estimates. Despite raising its full-year outlook, the stock fell 1%.
Despite reporting sales growth and raising its full-year outlook, Kimberly-Clark's stock fell due to missing analyst consensus estimates. This could indicate investor concern over the company's short-term performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Kenvue posted better-than-expected Q2 results, reflecting the strength of its portfolio and operating model. However, the stock fell 3%.
Despite posting better-than-expected Q2 results, Kenvue's stock fell. This could be due to market volatility or other factors not directly related to the company's performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100