Top 5 Materials Stocks That Are Preparing To Pump In October
Portfolio Pulse from Lisa Levin
The article lists five materials stocks that are considered oversold and may present buying opportunities. These include Origin Materials, Inc. (ORGN), O-I Glass, Inc. (OI), Stepan Company (SCL), Perimeter Solutions, SA (PRM), and Sensient Technologies Corporation (SXT). The companies have recently reported various financial results and appointments, and their stocks have Relative Strength Index (RSI) values below 30, indicating they may be undervalued.
October 11, 2023 | 12:03 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
O-I Glass posted better-than-expected Q2 results and its stock rose 0.1% to close at $15.73 on Tuesday. Its RSI value is 25.32.
The positive Q2 results and the low RSI value may attract investors, potentially driving the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Origin Materials recently appointed a new CFO and its stock gained 8.9% to close at $0.9682 on Tuesday. Its RSI value is 24.63.
The appointment of a new CFO and the low RSI value may attract investors, potentially driving the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Perimeter Solutions reported better-than-expected Q2 results and its stock gained 2.1% to close at $3.87 on Tuesday. Its RSI value is 20.48.
The positive Q2 results and the low RSI value may attract investors, potentially driving the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Stepan posted downbeat quarterly results but expects improvement in H2 2023. Its stock gained 0.4% to close at $68.21 on Tuesday. Its RSI value is 22.26.
The company's positive outlook for H2 2023 and the low RSI value may attract investors, potentially driving the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Sensient Technologies is expected to report Q3 results on Oct. 20, 2023. Its stock gained 1% to close at $56.27 on Tuesday. Its RSI value is 28.53.
The upcoming Q3 results and the low RSI value may attract investors, potentially driving the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100