Top 5 Industrial Stocks That Are Set To Fly In Q4
Portfolio Pulse from Lisa Levin
The article lists five industrial stocks that are considered oversold and may present buying opportunities in Q4. These include Fathom Digital Manufacturing Corporation (FATH), Spirit Airlines (SAVE), Ault Alliance (AULT), Standex International Corporation (SXI), and Twin Disc (TWIN). The companies have been selected based on their Relative Strength Index (RSI) values, which are all near or below 30, indicating they may be undervalued.
November 06, 2023 | 12:27 pm
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NEUTRAL IMPACT
Ault Alliance reported preliminary Q3 revenues of $52.5 million, up from $49.8 million a year ago. Its stock fell 3.1% to close at $0.1230 on Friday. Its RSI value is 19.83.
Despite an increase in Q3 revenues, Ault Alliance's stock fell. However, its low RSI value suggests it may be undervalued, indicating a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Standex International posted upbeat quarterly results but its stock fell 5.3% to close at $135.45 on Friday. Its RSI value is 23.98.
Despite strong quarterly results, Standex International's stock fell. However, its low RSI value suggests it may be undervalued, indicating a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Twin Disc posted a narrower loss for its Q1 and its stock fell 10.5% to close at $11.90 on Friday. Its RSI value is 20.29.
Despite a narrower Q1 loss, Twin Disc's stock fell. However, its low RSI value suggests it may be undervalued, indicating a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Fathom Digital Manufacturing Corporation has appointed a new CEO and its stock gained 17.5% to close at $4.2873 on Friday. Its RSI value is 19.52.
The appointment of a new CEO and the recent gain in stock price, coupled with a low RSI value, suggest a positive short-term impact for FATH.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Spirit Airlines reported a 6.3% Y/Y decline in Q3 revenue but beat consensus estimates. Its stock gained 1.4% to close at $11.26 on Friday. Its RSI value is 22.20.
Despite a decline in revenue, the fact that Spirit Airlines beat consensus estimates and its stock gained value, along with a low RSI value, suggest a positive short-term impact for SAVE.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100