Top 5 Risk Off Stocks That Are Set To Fly This Month
Portfolio Pulse from Lisa Levin
The article lists five consumer staples stocks that are currently oversold, according to their Relative Strength Index (RSI), and could present buying opportunities. The stocks are Dollar General Corporation (DG), Dollar Tree, Inc. (DLTR), The J. M. Smucker Company (SJM), Walgreens Boots Alliance, Inc. (WBA), and The Alkaline Water Company Inc. (WTER).
September 18, 2023 | 12:37 pm
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POSITIVE IMPACT
Dollar General's Q2 FY23 sales growth missed analyst consensus. Its RSI value is 21.84, indicating it is oversold.
Dollar General's stock is oversold according to its RSI value, which could indicate a potential rebound in the short term. However, its missed sales growth could negatively impact investor sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Dollar Tree reported better-than-expected earnings and sales for Q2. Its RSI value is 21.90, indicating it is oversold.
Dollar Tree's stock is oversold according to its RSI value, which could indicate a potential rebound in the short term. Its strong Q2 results could boost investor sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
J.M. Smucker announced it will acquire Hostess Brands. Its RSI value is 24.73, indicating it is oversold.
J.M. Smucker's stock is oversold according to its RSI value, which could indicate a potential rebound in the short term. The acquisition could potentially boost its market position and investor sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Walgreens announced CEO Rosalind Brewer will step down and expects FY23 adjusted EPS to be at the low end of its range. Its RSI value is 28.15, indicating it is oversold.
Walgreens' stock is oversold according to its RSI value, which could indicate a potential rebound in the short term. However, the CEO stepping down and low EPS forecast could negatively impact investor sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Alkaline Water reported FY23 sales rose 16% YoY. Its RSI value is 17.44, indicating it is oversold.
Alkaline Water's stock is oversold according to its RSI value, which could indicate a potential rebound in the short term. Its strong sales growth could boost investor sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100