Top 3 Financial Stocks That May Implode In Q1
Portfolio Pulse from Avi Kapoor
Three financial stocks, FS KKR Capital Corp. (FSK), Lazard, Inc. (LAZ), and Stellus Capital Investment Corporation (SCM), are considered overbought based on their RSI values, which are above the threshold of 70. FSK's RSI is at 73.57 after a recent public offering and a price increase. LAZ's RSI is at 78.45 following an announcement of preliminary assets under management and a stock gain. SCM's RSI is at 71.32 after a downgrade by an analyst and a modest price increase.
January 19, 2024 | 1:29 pm
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NEGATIVE IMPACT
FS KKR Capital Corp. (FSK) has an RSI of 73.57 after pricing a public offering and seeing a 3% stock increase over the past month.
The overbought status indicated by the RSI suggests that FSK's stock may face a short-term decline as traders might consider taking profits, leading to a potential price pullback.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Lazard, Inc. (LAZ) has an RSI of 78.45 after reporting preliminary assets under management and a 9% stock gain over the past month.
With an RSI significantly above 70, LAZ may experience a short-term price drop as the market could correct the overbought condition, especially after the recent gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Stellus Capital Investment Corporation (SCM) has an RSI of 71.32 following an analyst downgrade and a 2% stock increase over the past month.
SCM's overbought RSI, combined with a recent analyst downgrade, could lead to a decrease in stock price as investors reassess the stock's valuation.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90