Top 5 Tech And Telecom Stocks That May Explode This Month
Portfolio Pulse from Lisa Levin
The article lists five oversold stocks in the communication services sector that may present a buying opportunity. These include PubMatic, Inc. (PUBM), Salem Media Group, Inc. (SALM), ZoomInfo Technologies Inc. (ZI), Roblox Corporation (RBLX), and Angi Inc. (ANGI). All these stocks have an RSI value below 30, indicating they are oversold. However, all these companies have recently reported disappointing financial results or issued weak guidance.
August 11, 2023 | 12:26 pm
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NEGATIVE IMPACT
Angi reported worse-than-expected Q2 financial results. Its stock fell 0.4% to close at $2.58 on Thursday.
The stock is oversold, but the poor earnings may lead to further downside in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
PubMatic issued Q3 revenue guidance below estimates. Its stock gained 6.4% to close at $13.09 on Thursday.
While the stock is oversold, the weak guidance may limit its short-term upside.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Roblox reported worse-than-expected Q2 financial results. Its stock gained 3.9% to close at $30.61 on Thursday.
The stock is oversold, but the poor earnings may limit its short-term upside.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Salem Media reported worse-than-expected Q2 EPS results. Its stock gained 1.7% to close at $0.7630 on Thursday.
The stock is oversold, but the poor earnings may limit its short-term upside.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
ZoomInfo issued weak guidance. Its stock gained 0.4% to close at $18.40 on Thursday.
The stock is oversold, but the weak guidance may limit its short-term upside.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100