Top 5 Risk Off Stocks Which Could Rescue Your Portfolio This Month
Portfolio Pulse from Lisa Levin
The article highlights five consumer staples stocks considered oversold based on their Relative Strength Index (RSI) values, suggesting they may be undervalued. Spectrum Brands Holdings (SPB) reported a slight sales decline but is increasing marketing investments. Planet Green Holdings (PLAG) saw a significant stock price drop over the past month. Upexi (UPXI) reported a larger-than-expected quarterly loss but showed revenue growth. Calavo Growers (CVGW) posted strong earnings with a focus on avocado margins. 22nd Century Group (XXII) is selling most of its Hemp/Cannabis operations. All companies have RSI values near or below 30, indicating potential for short-term performance improvement.
November 28, 2023 | 1:27 pm
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POSITIVE IMPACT
Calavo Growers reported upbeat earnings with strong avocado margins, and an RSI of 29.67 may suggest room for stock price growth.
Positive earnings and an RSI close to the oversold threshold suggest that CVGW's stock could see an uptick in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Planet Green Holdings experienced a 42% stock price drop over the past month, with an RSI of 28.86, which may attract bargain hunters.
The significant price drop and low RSI could make PLAG an attractive target for investors looking for undervalued stocks.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Spectrum Brands reported a minor sales decline but is ramping up marketing efforts, with an RSI of 28.61 indicating potential undervaluation.
Increased marketing investments could lead to improved sales and stock performance, especially as the RSI suggests the stock is currently oversold.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Upexi reported a wider-than-expected loss but showed strong revenue growth, with an RSI of 25.70 signaling a potential rebound.
Despite the loss, revenue growth and a very low RSI could indicate that UPXI's stock price might recover in the short term.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
22nd Century Group is selling most of its Hemp/Cannabis operations, with a very low RSI of 20.24, indicating a potential for price recovery.
The divestiture and extremely low RSI could attract investors, potentially leading to a short-term increase in XXII's stock price.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70