Top 5 Defensive Stocks Which Could Rescue Your Portfolio This Quarter
Portfolio Pulse from Lisa Levin
The article lists five oversold stocks in the consumer staples sector that could potentially rescue portfolios this quarter. The companies mentioned are Vector Group Ltd. (VGR), Ingredion Incorporated (INGR), The Hershey Company (HSY), Lamb Weston Holdings, Inc. (LW), and Nu Skin Enterprises, Inc. (NUS). All these companies have an RSI value below 30, indicating they are oversold and could be undervalued.
August 15, 2023 | 12:03 pm
News sentiment analysis
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NEGATIVE IMPACT
Ingredion reported a 1.2% YoY sales growth in Q2 FY23, missing analyst consensus. Its stock fell 0.1% to close at $98.59 on Monday with an RSI of 23.93.
The company's missed sales growth and a low RSI value indicate potential short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Vector Group posted worse-than-expected Q2 results. Its stock fell 0.8% to close at $10.99 on Monday with an RSI of 29.17.
The company's worse-than-expected Q2 results and a low RSI value indicate potential short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Hershey reported a 5% YoY sales growth in Q2 FY23, slightly missing consensus. Its stock gained 0.4% to close at $224.36 on Monday with an RSI of 28.08.
Despite slightly missing sales growth consensus, the stock gained value. However, a low RSI value indicates potential short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Lamb Weston reported Q4 net sales of $1.695 billion, beating analyst consensus. Its stock rose 0.4% to close at $97.20 on Monday with an RSI of 23.38.
The company's better-than-expected Q4 net sales and a low RSI value indicate potential short-term upward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Nu Skin Enterprises posted upbeat quarterly earnings. Its stock gained 0.5% to close at $25.31 on Monday with an RSI of 25.90.
The company's upbeat quarterly earnings and a low RSI value indicate potential short-term upward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100