Top 5 Financial Stocks That May Collapse This Quarter
Portfolio Pulse from Avi Kapoor
Five financial stocks, UP Fintech Holding Ltd (TIGR), PennantPark Investment Corp (PNNT), Saratoga Investment Corp (SAR), FS KKR Capital Corp (FSK), and Hagerty Inc (HGTY), are identified as overbought with high RSI values, indicating potential short-term price declines.
June 10, 2024 | 12:42 pm
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NEGATIVE IMPACT
FS KKR Capital Corp (FSK) completed a $600 million public offering but has a high RSI value of 71.12, suggesting it may be overbought and could see a short-term price decline.
The high RSI value suggests that the stock is overbought, which often leads to a price decline, despite the recent public offering.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 100
NEGATIVE IMPACT
Hagerty Inc (HGTY) posted mixed quarterly results and has a high RSI value of 75.30, indicating it may be overbought and could see a short-term price decline.
The high RSI value indicates that the stock is overbought, which often precedes a price decline, especially after mixed quarterly results.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
PennantPark Investment Corp (PNNT) posted downbeat quarterly results and has a high RSI value of 72.03, suggesting it may be overbought and could see a short-term price decline.
The high RSI value suggests that the stock is overbought, which often leads to a price decline, especially after downbeat quarterly results.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Saratoga Investment Corp (SAR) raised its quarterly dividend but has a high RSI value of 71.18, indicating it may be overbought and could see a short-term price decline.
Despite the dividend increase, the high RSI value indicates that the stock is overbought, which often precedes a price decline.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
UP Fintech Holding Ltd (TIGR) reported strong Q1 sales results, but its high RSI value of 72.85 suggests it may be overbought and could see a short-term price decline.
Despite strong Q1 results, the high RSI value indicates that the stock is overbought, which often precedes a price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100