Top 4 Risk Off Stocks You'll Regret Missing In Q4
Portfolio Pulse from Lisa Levin
The article highlights four consumer staples stocks that are considered oversold based on their Relative Strength Index (RSI) values, which are near or below 30. Steakholder Foods Ltd. (STKH) received a Nasdaq minimum bid price notification and closed up 1.4%. The Real Good Food Company, Inc. (RGF) reported strong Q3 sales growth and closed up 0.6%. Albertsons Companies, Inc. (ACI) reported a 2% sales growth in Q2 and closed slightly down. 22nd Century Group, Inc. (XXII) reported downbeat quarterly sales and closed down 7.8%.
November 14, 2023 | 11:51 am
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NEUTRAL IMPACT
22nd Century Group reported lower quarterly sales and experienced a 7.8% drop in stock price with an RSI of 28.71.
XXII's significant price drop and low RSI could suggest a potential for recovery; however, the reported lower sales may temper investor enthusiasm, leading to a neutral short-term impact.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Albertsons Companies reported a 2% sales growth in Q2 with an RSI of 27.46, but shares fell slightly by 0.2%.
Despite the slight dip in share price, ACI's low RSI and positive sales growth could attract buyers, potentially leading to a short-term uptick in the stock price.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 80
POSITIVE IMPACT
The Real Good Food Company reported a 48% year-on-year sales growth for Q3, beating consensus, with an RSI of 29.68.
RGF's strong sales growth and RSI near the oversold threshold suggest the stock could see increased investor interest, potentially driving up the price in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Steakholder Foods Ltd. received a Nasdaq minimum bid price notification and saw a slight increase in stock price with an RSI of 28.15.
The RSI below 30 indicates that STKH is oversold, which could attract buyers looking for undervalued stocks, potentially leading to a short-term price increase.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80