Top 5 Tech And Telecom Stocks That May Explode This Month
Portfolio Pulse from Lisa Levin
The article lists five oversold tech and telecom stocks that may surge in the near term. The companies are Super League Enterprise, Inc. (SLE), Loop Media, Inc. (LPTV), Oriental Culture Holding LTD (OCG), John Wiley & Sons, Inc. (WLY), and Bandwidth Inc. (BAND). All these stocks have an RSI value below 30, indicating they are oversold and may rebound.
October 13, 2023 | 12:13 pm
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POSITIVE IMPACT
Bandwidth reported better-than-expected Q2 results and issued FY23 revenue guidance. Its stock fell 2.2% to close at $10.29 on Thursday.
The company's strong Q2 results and positive FY23 revenue guidance could lead to a rebound in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Loop Media posted an in-line loss for Q3. Its stock fell 9.2% to close at $0.3813 on Thursday.
Despite the loss, the company's performance was in line with expectations, which could lead to a rebound in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Oriental Culture's stock fell around 54% over the past month. It closed at $0.3333 on Thursday.
The significant drop in the company's stock price over the past month could indicate a potential rebound in the near term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Super League Enterprise reported a 55% YoY increase in Q3 revenue. However, its stock fell 14.6% to close at $1.35 on Thursday.
The company's strong revenue growth indicates a positive outlook, which could lead to a rebound in its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
John Wiley & Sons announced the departure of its CEO. Its stock fell 2.3% to close at $30.11 on Thursday.
The departure of the CEO could lead to uncertainty, but also opens up the possibility for positive changes, which could lead to a rebound in the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100