Top 4 Tech Stocks You'll Regret Missing This Quarter
Portfolio Pulse from Lisa Levin
The article lists four major tech stocks that are currently oversold, presenting a potential buying opportunity. These include BILL Holdings, Aehr Test Systems, Maxeon Solar Technologies, and SolarEdge Technologies. All four companies have reported recent financial results and have a Relative Strength Index (RSI) below 30, indicating they are oversold.
November 07, 2023 | 11:56 am
News sentiment analysis
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NEGATIVE IMPACT
BILL Holdings reported strong Q1 results but cut FY24 total revenue guidance. Its stock fell 8.2% to close at $61.44 on Monday, with an RSI of 24.28.
The company's strong Q1 results are positive, but the cut in FY24 revenue guidance is a negative signal that could impact the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Maxeon Solar Technologies lowered its Q3 FY23 guidance. Its stock fell 5.1% to close at $5.97 on Monday, with an RSI of 27.44.
The company's lowered Q3 FY23 guidance is a negative signal that could impact the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
SolarEdge Technologies reported a YoY decrease in Q3 adjusted EPS. Its stock fell 5.1% to close at $71.77 on Monday, with an RSI of 28.60.
The company's YoY decrease in Q3 adjusted EPS is a negative signal that could impact the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Aehr Test Systems reported strong Q1 earnings, beating analyst estimates. Its stock fell 5.8% to close at $23.07 on Monday, with an RSI of 29.44.
The company's strong Q1 earnings are a positive signal, but the stock price fell, indicating a potential buying opportunity due to the oversold condition.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100