Top 5 Risk Off Stocks That Are Ticking Portfolio Bombs
Portfolio Pulse from Lisa Levin
The article lists five overbought stocks in the consumer staples sector, which are considered risky for portfolios. These include Lifeway Foods, Inc. (LWAY), Spectrum Brands Holdings, Inc. (SPB), Sovos Brands, Inc. (SOVO), Celsius Holdings, Inc. (CELH), and Thorne HealthTech, Inc. (THRN). The companies' stocks are considered overbought due to their high Relative Strength Index (RSI) values, which are all above 70.
August 31, 2023 | 12:44 pm
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NEGATIVE IMPACT
Celsius Holdings' stock is overbought with an RSI of 74.66, despite reporting better-than-expected financial results.
The high RSI indicates that the stock is overbought and may face a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Lifeway Foods' stock is overbought with an RSI of 77.71, despite reporting better-than-expected sales results.
The high RSI indicates that the stock is overbought and may face a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Sovos Brands' stock is overbought with an RSI of 73.20, despite being acquired by Campbell Soup.
The high RSI indicates that the stock is overbought and may face a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Spectrum Brands Holdings' stock is overbought with an RSI of 73.03, despite reporting a sales decline.
The high RSI indicates that the stock is overbought and may face a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Thorne HealthTech's stock is overbought with an RSI of 74.50, despite being acquired by L Catterton.
The high RSI indicates that the stock is overbought and may face a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100