Top 5 Consumer Stocks That Could Blast Off In September
Portfolio Pulse from Lisa Levin
The article lists the top 5 oversold consumer stocks that could potentially rise in September. These include Torrid Holdings Inc. (NYSE:CURV), Farfetch Limited (NYSE:FTCH), SRM Entertainment, Inc. (NASDAQ:SRM), PLBY Group, Inc. (NASDAQ:PLBY), and United Homes Group, Inc. (NASDAQ:UHG). All these stocks have an RSI value below 30, indicating they are oversold and could rebound.
September 15, 2023 | 9:58 am
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POSITIVE IMPACT
Torrid Holdings reported weaker-than-expected Q2 earnings. Its stock jumped 15.5% to close at $1.42 on Thursday.
Despite weaker-than-expected earnings, the stock price jumped, indicating investor confidence. The low RSI value suggests it's oversold and could rebound.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Farfetch reported mixed Q2 results and issued FY23 revenue guidance below estimates. Its stock gained 3.9% to close at $2.42 on Thursday.
Despite mixed results and lower revenue guidance, the stock price gained, indicating investor confidence. The low RSI value suggests it's oversold and could rebound.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
PLBY Group posted a narrower-than-expected quarterly loss. Its stock rose 1% to close at $1.05 on Thursday.
Despite a quarterly loss, the narrower-than-expected result boosted the stock price, indicating investor confidence. The low RSI value suggests it's oversold and could rebound.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
SRM Entertainment reported pricing of IPO of 1.25 million shares at $5.00 per share. Its stock jumped 9.9% to close at $1.67 on Thursday.
The stock price jumped after the IPO pricing, indicating investor interest. The low RSI value suggests it's oversold and could rebound.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
United Homes posted a Q2 EPS of $4.27 on sales of $122.09 million. Its stock rose 3.3% to close at $6.11 on Thursday.
The stock price rose after the company posted strong Q2 results, indicating investor confidence. The low RSI value suggests it's oversold and could rebound.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100