Top 5 Tech And Telecom Stocks Which Could Rescue Your Portfolio This Month
Portfolio Pulse from Lisa Levin
The article lists five oversold stocks in the communication services sector that could potentially boost a portfolio. The stocks mentioned are AMC Entertainment Holdings, Tremor International, Sea Limited, Gogo Inc., and VEON Ltd. The companies have been identified as oversold based on their Relative Strength Index (RSI) values, which are all below or near 30.
August 29, 2023 | 12:39 pm
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AMC Entertainment's stock is oversold with an RSI of 22.66. The company recently eliminated matters related to the conversion of its outstanding AMC Preferred Equity Units into shares of its Class A common stock.
The oversold status of AMC's stock indicates potential for price recovery. The recent changes to its equity structure could also impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Gogo Inc.'s stock is oversold with an RSI of 16.69. The company reported a 6% increase in its Q2 total revenue.
The oversold status of Gogo's stock indicates potential for price recovery. The company's Q2 revenue growth could also positively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Sea Limited's stock is oversold with an RSI of 23.85. The company was recently downgraded from Outperform to Neutral by KGI Securities.
The oversold status of Sea Limited's stock indicates potential for price recovery. However, the recent downgrade by KGI Securities could impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Tremor International's stock is oversold with an RSI of 19.82. The company reported a significant improvement in its Q2 adjusted EBITDA.
The oversold status of Tremor's stock indicates potential for price recovery. The company's strong Q2 performance could also positively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
VEON Ltd.'s stock is oversold with an RSI of 29.05. The company reported a decline in its Q2 EPS.
The oversold status of VEON's stock indicates potential for price recovery. However, the company's Q2 EPS decline could impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100