Top 4 Industrial Stocks That Could Sink Your Portfolio In November
Portfolio Pulse from Lisa Levin
Four industrial stocks, SP Plus Corporation (SP), Leidos Holdings, Inc. (LDOS), RTX Corporation (RTX), and HNI Corporation (HNI), are considered overbought with their Relative Strength Index (RSI) values above 70, indicating they may be overvalued. All four companies recently reported better-than-expected Q3 results.
November 07, 2023 | 12:50 pm
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NEGATIVE IMPACT
HNI Corporation's stock is overbought with an RSI of 71.09. The company recently reported strong Q3 earnings.
The high RSI indicates the stock may be overvalued, which could lead to a price correction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Leidos Holdings, Inc.'s stock is overbought with an RSI of 72.84. The company recently reported strong Q3 results and raised FY23 guidance.
The high RSI indicates the stock may be overvalued, which could lead to a price correction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
RTX Corporation's stock is overbought with an RSI of 72.36. The company recently inked a joint venture pact with Rafael Advanced Defense Systems.
The high RSI indicates the stock may be overvalued, which could lead to a price correction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
SP Plus Corporation's stock is overbought with an RSI of 73.85. The company recently reported strong Q3 results.
The high RSI indicates the stock may be overvalued, which could lead to a price correction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100