Top 5 Consumer Stocks That May Rocket Higher This Quarter
Portfolio Pulse from Lisa Levin
The article lists the top 5 oversold consumer stocks that may rise this quarter. These include Foot Locker, Golden Entertainment, Jack in the Box, Brinker International, and Sportsman's Warehouse Holdings. The companies have reported mixed results in their recent earnings, with some missing revenue estimates and others posting weak results due to various factors.
August 30, 2023 | 12:19 pm
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Brinker International reported Q4 revenues of $1.076 billion, marginally missing the consensus of $1.080 billion. Its stock has a 52-week low of $23.66 and an RSI value of 28.93.
Brinker International's stock is currently oversold, indicating it may rise in the short term. However, its marginal miss on Q4 revenues could negatively impact its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Foot Locker reported a Q2 revenue miss and an 11% rise in inventories. Its stock has a 52-week low of $14.84 and an RSI value of 26.37.
Foot Locker's stock is currently oversold, indicating it may rise in the short term. However, its Q2 revenue miss and rise in inventories could negatively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Golden Entertainment posted downbeat quarterly earnings. Its stock has a 52-week low of $32.53 and an RSI value of 24.59.
Golden Entertainment's stock is currently oversold, indicating it may rise in the short term. However, its downbeat quarterly earnings could negatively impact its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Jack in the Box reported a slight decline in Q3 2023 sales but beat analyst estimates. Its stock has a 52-week low of $65.72 and an RSI value of 26.66.
Jack in the Box's stock is currently oversold, indicating it may rise in the short term. Its slight decline in sales but beat on analyst estimates could have a mixed impact on its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Sportsman's Warehouse posted weak Q1 results. Its stock has a 52-week low of $4.1850 and an RSI value of 24.81.
Sportsman's Warehouse's stock is currently oversold, indicating it may rise in the short term. However, its weak Q1 results could negatively impact its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100