Top 4 Industrials Stocks That Could Blast Off This Quarter
Portfolio Pulse from Lisa Levin
The article lists four industrials stocks that are currently oversold and could present a buying opportunity. These include Driven Brands Holdings Inc. (NASDAQ:DRVN), Alaska Air Group, Inc. (NYSE:ALK), FREYR Battery (NYSE:FREY), and Asure Software, Inc. (NASDAQ:ASUR). The companies have recently made significant moves such as share repurchase, better-than-expected earnings, redomicile, and secondary offering.
September 22, 2023 | 12:40 pm
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POSITIVE IMPACT
Alaska Air Group reported better-than-expected earnings and sales results. The stock is currently oversold with an RSI of 28.20.
The better-than-expected earnings could attract investors and potentially drive up the stock price. The oversold status indicates it may be undervalued.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Asure Software raised $40 million via secondary offering. The stock is currently oversold with an RSI of 29.08.
The secondary offering could increase liquidity and potentially drive up the stock price. The oversold status indicates it may be undervalued.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Driven Brands has authorized a share repurchase of up to $50 million. The stock is currently oversold with an RSI of 28.61.
The share repurchase could increase demand for the stock and potentially drive up the price. The oversold status indicates it may be undervalued.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
FREYR Battery filed Form S-4 for redomicile from Luxembourg to U.S. The stock is currently oversold with an RSI of 24.48.
The redomicile could attract U.S. investors and potentially drive up the stock price. The oversold status indicates it may be undervalued.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100