Top 4 Defensive Stocks Which Could Rescue Your Portfolio This Month
Portfolio Pulse from Lisa Levin
The article lists four oversold stocks in the consumer staples sector that could be undervalued: The Alkaline Water Company Inc. (WTER), Coffee Holding Co., Inc. (JVA), The J. M. Smucker Company (SJM), and The Hershey Company (HSY). WTER received a deficiency letter from Nasdaq, JVA is advancing a merger with Delta Corp Holdings Limited, SJM is selling its Sahale Snacks brand to Second Nature Brands, and HSY received an Overweight rating from Stephens & Co.
October 17, 2023 | 11:24 am
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NEGATIVE IMPACT
Alkaline Water Company received a deficiency letter from Nasdaq, which could negatively impact its stock price.
The deficiency letter from Nasdaq could lead to a decrease in investor confidence, potentially driving the stock price down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
J.M. Smucker Company is selling its Sahale Snacks brand to Second Nature Brands, which could have a neutral impact on its stock price.
The sale of the Sahale Snacks brand could be seen as a positive move towards portfolio optimization, but it's unclear how much this will impact the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Hershey received an Overweight rating from Stephens & Co., which could positively impact its stock price.
The Overweight rating from Stephens & Co. could lead to increased investor confidence, potentially driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Coffee Holding Co., Inc. is advancing a merger with Delta Corp Holdings Limited, which could positively impact its stock price.
The merger with Delta Corp could lead to synergies and increased market share, potentially driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100