Top 4 Industrial Stocks That May Plunge In Q4
Portfolio Pulse from Lisa Levin
Four industrial stocks, SP Plus Corporation (SP), Textainer Group Holdings Limited (TGH), Navios Maritime Holdings Inc. (NM), and CoreCivic, Inc. (CXW), are considered overbought and may plunge in Q4. SP Plus and Textainer Group are to be acquired by Metropolis Technologies and Stonepeak respectively. Navios Maritime is to be acquired by N Logistics Holdings. CoreCivic is expected to release its Q3 2023 financial results on Nov. 6, 2023.
October 27, 2023 | 11:23 am
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NEGATIVE IMPACT
CoreCivic, Inc. is expected to release its Q3 2023 financial results on Nov. 6, 2023. Its stock gained 2.1% to close at $12.81 on Thursday.
The upcoming financial results and the overbought status of the stock may lead to a short-term decrease in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Navios Maritime Holdings Inc. is to be acquired by N Logistics Holdings. Its stock gained 0.5% to close at $2.21 on Thursday.
The acquisition and the overbought status of the stock may lead to a short-term decrease in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
SP Plus Corporation is to be acquired by Metropolis Technologies. Its stock fell 0.5% to close at $49.77 on Thursday.
The acquisition and the overbought status of the stock may lead to a short-term decrease in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Textainer Group Holdings Limited is to be acquired by Stonepeak. Its stock fell 0.1% to close at $49.09 on Thursday.
The acquisition and the overbought status of the stock may lead to a short-term decrease in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100