Top 4 Energy Stocks That Are Set To Fly This Month
Portfolio Pulse from Lisa Levin
Four energy stocks, Chevron Corporation (CVX), Dawson Geophysical Company (DWSN), World Kinect Corporation (WKC), and Seadrill Limited (SDRL), are identified as oversold with their Relative Strength Index (RSI) values below 30, indicating potential for short-term growth. CVX reported weaker Q3 earnings, DWSN reported increased revenues for Q2 2023, WKC posted better-than-expected quarterly sales, and SDRL reported a Q2 operating revenue of $414 million.
November 01, 2023 | 12:21 pm
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Chevron reported weaker-than-expected earnings for Q3. Its stock has a 52-week low of $143.96 and an RSI value of 28.05, indicating it is oversold and may rebound in the short term.
Chevron's weaker-than-expected earnings have likely contributed to its oversold status. However, this could present a buying opportunity as the stock may rebound in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Dawson Geophysical reported increased revenues for Q2 2023. Its stock has a 52-week low of $1.28 and an RSI value of 28.42, indicating it is oversold and may rebound in the short term.
Dawson Geophysical's increased revenues for Q2 2023 and its oversold status suggest a potential for short-term rebound.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Seadrill reported a Q2 operating revenue of $414 million. Its stock has a 52-week low of $28.36 and an RSI value of 26.81, indicating it is oversold and may rebound in the short term.
Seadrill's Q2 operating revenue of $414 million and its oversold status suggest a potential for short-term rebound.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
World Kinect posted better-than-expected quarterly sales. Its stock has a 52-week low of $17.69 and an RSI value of 26.27, indicating it is oversold and may rebound in the short term.
World Kinect's better-than-expected quarterly sales and its oversold status suggest a potential for short-term rebound.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100