Top 5 Tech Stocks Which Could Rescue Your Portfolio This Month
Portfolio Pulse from Lisa Levin
The article lists five tech stocks that are currently oversold and could potentially boost a portfolio. These include InterDigital, Inc. (IDCC), Dolby Laboratories, Inc. (DLB), Littelfuse, Inc. (LFUS), Cognex Corporation (CGNX), and Apple Inc. (AAPL). All these stocks have an RSI value below 30, indicating they are oversold.
August 08, 2023 | 12:40 pm
News sentiment analysis
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POSITIVE IMPACT
Apple is ramping up its expertise in generative AI. Its stock fell 1.7% to close at $178.85 on Monday.
The focus on generative AI could attract investors, potentially driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
InterDigital posted better-than-expected Q2 results. Its stock fell 0.1% to close at $85.83 on Monday.
The better-than-expected Q2 results could attract investors, potentially driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Cognex reported a Q2 FY23 revenue decline of 12%. Its stock rose 1.3% to close at $50.01 on Monday.
The decline in Q2 FY23 revenue could deter investors, potentially driving the stock price down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Dolby Laboratories posted downbeat sales for Q3. Its stock fell 0.4% to close at $78.94 on Monday.
The lower Q3 sales could deter investors, potentially driving the stock price down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Littelfuse reported worse-than-expected Q2 financial results. Its stock rose 0.3% to close at $256.66 on Monday.
The worse-than-expected Q2 results could deter investors, potentially driving the stock price down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100