Top 5 Real Estate Stocks That May Crash This Month
Portfolio Pulse from Lisa Levin
Five real estate stocks with high RSI values, indicating potential overbought conditions, may face a downturn. Forestar Group (FOR) reported strong Q4 results with a 44% increase in pre-tax income. Newmark Group (NMRK) had better-than-expected Q3 results and strong guidance. CBL & Associates Properties (CBL) showed solid Q3 results with same-center NOI growth. Farmland Partners (FPI) reported a Q3 loss but highlighted the stability of US agriculture. Spirit Realty Capital (SRC) reported better-than-expected Q3 sales. All stocks have RSI values above 70, suggesting they might be overbought.
November 24, 2023 | 11:51 am
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NEGATIVE IMPACT
CBL & Associates reported solid Q3 results, but an RSI of 72.21 may suggest the stock is due for a correction.
Good Q3 results may not be enough to sustain the stock price if the RSI indicator is correct in suggesting overbought conditions.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
Forestar Group reported strong Q4 results but has a high RSI value of 75.05, indicating it may be overbought.
Despite strong Q4 results, the high RSI value suggests that the stock may be overbought and could face a short-term downturn.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Farmland Partners reported a Q3 loss but emphasized industry stability. Its high RSI of 78.74 could signal a price drop.
The company's emphasis on the stability of the agriculture sector may not prevent a stock decline due to the very high RSI indicator.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 75
NEGATIVE IMPACT
Newmark Group's better-than-expected Q3 results and strong guidance are overshadowed by an RSI of 71.46, hinting at overbought status.
The stock's positive earnings report is counterbalanced by a high RSI, which could lead to a price correction in the short term.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 85
NEGATIVE IMPACT
Spirit Realty had strong Q3 sales but faces a possible correction with an RSI of 71.95.
Despite positive sales figures, the stock's RSI suggests it might be overvalued, which could lead to a short-term price correction.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 70