Top 3 Financial Stocks That May Keep You Up At Night In February
Portfolio Pulse from Avi Kapoor
As of Feb. 1, 2024, Nomura Holdings, Inc. (NMR), Citigroup Inc. (C), and Mastercard Incorporated (MA) are highlighted as overbought financial stocks, potentially signaling a warning for momentum-focused investors. NMR's RSI is at 74.49 following a quarterly EPS decline, C's RSI is at 70.64 after an upgrade by Morgan Stanley, and MA's RSI stands at 78.22, buoyed by strong quarterly net revenues and strategic achievements.
February 01, 2024 | 1:27 pm
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NEUTRAL IMPACT
Citigroup Inc. (C) has an RSI of 70.64 following an upgrade by Morgan Stanley, with a recent 5% gain over five days.
While the upgrade by Morgan Stanley is positive, the RSI nearing overbought territory could limit short-term upside potential for C's stock.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Mastercard Incorporated (MA) reports strong quarterly net revenues, driving its stock up 6% over the past month. RSI at 78.22.
Despite strong quarterly performance, MA's high RSI of 78.22 indicates it may be overbought, posing a risk for short-term investors.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEGATIVE IMPACT
Nomura Holdings, Inc. (NMR) is overbought with an RSI of 74.49 after a recent EPS decline, yet its stock jumped 29% over the past month.
The overbought status indicated by the RSI, combined with a recent decline in EPS, suggests potential short-term downside risk for NMR's stock.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90