Top 4 Financial Stocks That May Explode This Quarter
Portfolio Pulse from Lisa Levin
The article lists four financial stocks that are currently oversold and may present buying opportunities. These include Block, Inc. (SQ), Blue Foundry Bancorp (BLFY), Atlanticus Holdings Corporation (ATLC), and Katapult Holdings, Inc. (KPLT). All four stocks have an RSI value below 30, indicating they are oversold. The companies have also been the subject of recent analyst ratings and corporate actions.
September 20, 2023 | 1:30 pm
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POSITIVE IMPACT
Atlanticus Holdings Corporation (ATLC) is oversold with an RSI of 23.28. Janney Montgomery Scott analyst John Rowan initiated coverage with a Neutral rating and a $40 price target.
The oversold status of ATLC, combined with the initiation of coverage by an analyst, suggests potential for price recovery in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Blue Foundry Bancorp (BLFY) is oversold with an RSI of 26.58. The company has adopted a stock repurchase program.
The oversold status of BLFY, combined with the company's stock repurchase program, suggests potential for price recovery in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Katapult Holdings, Inc. (KPLT) is oversold with an RSI of 28.85. The company posted a narrower-than-expected second-quarter loss.
The oversold status of KPLT, combined with better-than-expected earnings, suggests potential for price recovery in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Block, Inc. (SQ) is oversold with an RSI of 25.11. Wedbush analyst Nick Setyan reiterated a Neutral rating with a $70 price target.
The oversold status of SQ, combined with the maintained price target by an analyst, suggests potential for price recovery in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100