Top 4 Risk Off Stocks That May Crash This Quarter
Portfolio Pulse from Lisa Levin
The article lists four overbought stocks in the consumer staples sector that may crash this quarter. These include FitLife Brands, Almacenes Éxito, Blue Apron Holdings, and Hostess Brands. FitLife Brands recently acquired MusclePharm's assets, Almacenes Éxito's stock jumped over 25% in the past month, Blue Apron is set to be acquired by Wonder Group, and Hostess Brands is being acquired by J. M. Smucker.
November 01, 2023 | 11:28 am
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NEGATIVE IMPACT
Blue Apron's stock is overbought with an RSI of 76.90. The company is set to be acquired by Wonder Group.
Blue Apron's stock is overbought, indicating it may be overvalued. The upcoming acquisition could have contributed to this overvaluation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Almacenes Éxito's stock is overbought with an RSI of 74.60. The stock has jumped over 25% in the past month.
Almacenes Éxito's stock is overbought, indicating it may be overvalued. The recent price jump could have contributed to this overvaluation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
FitLife Brands' stock is overbought with an RSI of 70.28. The company recently acquired MusclePharm's assets.
FitLife Brands' stock is overbought, indicating it may be overvalued. The recent acquisition could have contributed to this overvaluation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Hostess Brands' stock is overbought with an RSI of 70.66. The company is being acquired by J. M. Smucker.
Hostess Brands' stock is overbought, indicating it may be overvalued. The upcoming acquisition could have contributed to this overvaluation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100