Top 3 Financial Stocks That Are Set To Fly This Quarter
Portfolio Pulse from Avi Kapoor
The article highlights three oversold financial stocks with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are Fundamental Global Inc. (FGF), Granite Point Mortgage Trust Inc. (GPMT), and DLocal Limited (DLO).
May 20, 2024 | 11:03 am
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POSITIVE IMPACT
DLocal Limited reported weaker-than-expected Q1 earnings and indicated a likelihood of hitting the lower end of its guidance range. The stock fell 28% over the past five days, with an RSI value of 16.07, indicating it is oversold.
The stock's sharp decline and extremely low RSI suggest it is oversold, presenting a potential buying opportunity for investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Fundamental Global Inc. reported an 11.2% increase in revenue for Q1 2024, but its stock fell around 8% over the past five days. The RSI value is 29.15, indicating it is oversold.
Despite positive revenue growth, the stock's recent decline and low RSI suggest it is oversold, presenting a potential buying opportunity.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Granite Point Mortgage Trust Inc. posted weaker-than-expected Q1 results, with the stock falling 23% over the past month. The RSI value is 25.74, indicating it is oversold.
The stock's significant decline and low RSI suggest it is oversold, which may attract buyers looking for undervalued opportunities.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80