Top 4 Consumer Stocks That May Crash This Quarter
Portfolio Pulse from Lisa Levin
Four consumer stocks, AMMO, Inc. (POWW), Smith & Wesson Brands, Inc. (SWBI), E-Home Household Service Holdings Limited (EJH), and Chico's FAS, Inc. (CHS), are considered overbought with their Relative Strength Index (RSI) values above 70, indicating they may crash this quarter. AMMO posted a profit for Q1 with significant improvements in gross margin and strong cash flow. Smith & Wesson's board authorized a new buyback of up to $50 million. E-Home's stock jumped around 65% over the past month. Chico’s FAS announced a definitive agreement to be acquired by Sycamore Partners for $1 billion.
October 23, 2023 | 10:45 am
News sentiment analysis
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NEGATIVE IMPACT
Chico’s FAS announced a definitive agreement to be acquired by Sycamore Partners for $1 billion. However, its RSI value is 80.45, indicating it is overbought and may face a price correction.
Chico’s FAS's acquisition is positive, but its high RSI value indicates it is overbought and may face a price correction.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
E-Home's stock jumped around 65% over the past month. However, its RSI value is 77.94, indicating it is overbought and may face a price correction.
E-Home's stock jump is positive, but its high RSI value indicates it is overbought and may face a price correction.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
AMMO, Inc. posted a Q1 profit with significant improvements in gross margin and strong cash flow. However, its RSI value is 73.63, indicating it is overbought and may face a price correction.
AMMO, Inc.'s strong Q1 performance is positive, but its high RSI value indicates it is overbought and may face a price correction.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Smith & Wesson's board authorized a new buyback of up to $50 million. However, its RSI value is 72.93, indicating it is overbought and may face a price correction.
Smith & Wesson's new buyback is positive, but its high RSI value indicates it is overbought and may face a price correction.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100