Top 3 Financial Stocks You'll Regret Missing This Quarter
Portfolio Pulse from Avi Kapoor
The article highlights three oversold financial stocks with RSI values near or below 30, presenting potential buying opportunities. The stocks mentioned are Global Payments Inc (GPN), Factset Research Systems Inc (FDS), and Axos Financial Inc (AX).
June 04, 2024 | 11:36 am
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NEUTRAL IMPACT
Factset Research Systems Inc was downgraded by B of A Securities, leading to a 9% stock decline over the past five days. The RSI value is 23.11, indicating it is oversold.
The downgrade and subsequent stock decline suggest caution, but the low RSI indicates it may be oversold and could present a buying opportunity.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Axos Financial Inc reported strong third-quarter results but has seen a stock decline of around 12% over the past month. The RSI value is 29.40, indicating it is oversold.
Strong financial results contrast with the recent stock decline, making it potentially undervalued. The low RSI suggests a buying opportunity.
CONFIDENCE 88
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Global Payments Inc reported better-than-expected earnings and revenue but has seen a stock decline of around 11% over the past month. The RSI value is 20.93, indicating it is oversold.
Despite strong earnings, the stock has declined significantly, making it potentially undervalued. The low RSI suggests a buying opportunity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100