Top 5 Consumer Stocks That May Rocket Higher In August
Portfolio Pulse from Lisa Levin
The article lists the top 5 oversold stocks in the consumer discretionary sector, which may present an opportunity for investors. The stocks mentioned are United Homes Group, Inc. (UHG), Interactive Strength Inc. (TRNR), REE Automotive Ltd. (REE), Funko, Inc. (FNKO), and Petco Health and Wellness Company, Inc. (WOOF). The companies have reported various financial results and partnerships, and their stocks have been trading near their 52-week lows.

August 14, 2023 | 12:41 pm
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POSITIVE IMPACT
Interactive Strength announced a distribution partnership with The Risher Companies. The stock closed at $1.44, near its 52-week low.
Despite announcing a new partnership, TRNR's stock is trading near its 52-week low, suggesting it may be undervalued. This could present a buying opportunity for investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
United Homes Group reported solid Q2 results with earnings of $4.27 per share on sales of $122.09 million. The stock closed at $8.55, near its 52-week low.
Despite reporting solid Q2 results, UHG's stock is trading near its 52-week low, indicating it may be undervalued. This could present a buying opportunity for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Petco reported Q1 sales of $1.56 billion, slightly ahead of consensus. The stock closed at $7.17, near its 52-week low.
Despite reporting Q1 sales slightly ahead of consensus, WOOF's stock is trading near its 52-week low, indicating it may be undervalued. This could present a buying opportunity for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Funko reported a Q2 earnings miss and issued weak guidance. The stock closed at $6.07, near its 52-week low.
Funko's Q2 earnings miss and weak guidance could negatively impact investor sentiment and put downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
REE Automotive reported a wider-than-expected quarterly loss. The stock closed at $0.2550, near its 52-week low.
REE reported a wider-than-expected loss, which could negatively impact investor sentiment and put downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100