Top 3 Consumer Stocks Which Could Rescue Your Portfolio This Quarter
Portfolio Pulse from Avi Kapoor
The article highlights the top 3 oversold consumer discretionary stocks, suggesting they may be undervalued opportunities. Motorcar Parts of America (MPAA), Malibu Boats (MBUU), and ThredUp (TDUP) are identified based on their low RSI values, indicating potential for short-term performance improvement.

April 18, 2024 | 6:17 pm
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Malibu Boats was downgraded by Raymond James and fell 16% over the past five days, but shares rose 1% recently. Its RSI of 26.13 indicates it's oversold.
MBUU's recent downgrade and stock price decline, coupled with its low RSI, suggest the stock is oversold. The slight price increase indicates early signs of recovery.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 90
POSITIVE IMPACT
Motorcar Parts of America's stock fell 29% over the past month with a 52-week low of $4.26, but gained 3.9% recently. Its RSI of 21.74 suggests it's oversold.
The significant drop in MPAA's stock price and its low RSI value indicate it's oversold, suggesting a potential short-term recovery as it has already started to rebound.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
ThredUp's stock fell 11% over the past five days after reporting disappointing earnings, but saw a 0.7% increase recently. Its RSI of 29.49 suggests oversold conditions.
The drop in TDUP's stock price following poor earnings and its current RSI value indicate it's oversold. The slight increase in its stock price could suggest the beginning of a recovery.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 90