Top 3 Real Estate Stocks Which Could Rescue Your Portfolio In Q2
Portfolio Pulse from Avi Kapoor
The article highlights three oversold real estate stocks with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are CoStar Group Inc (CSGP), DigitalBridge Group Inc (DBRG), and RLJ Lodging Trust (RLJ).
June 11, 2024 | 12:04 pm
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POSITIVE IMPACT
CoStar Group Inc reported better-than-expected Q1 financial results but saw a 14% decline in stock price over the past month. The RSI value is 24.07, indicating it is oversold.
Despite strong Q1 results, the stock's significant decline and low RSI suggest it is oversold, presenting a potential buying opportunity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
DigitalBridge Group Inc posted Q1 earnings of 1 cent per share on $74.39 million revenue. The stock fell 12% over the past month with an RSI of 28.93, indicating it is oversold.
The stock's decline and low RSI value suggest it is oversold, which could attract investors looking for undervalued opportunities.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
RLJ Lodging Trust posted better-than-expected quarterly sales and saw a 6% decline in stock price over the past month. The RSI value is 29.64, indicating it is oversold.
The better-than-expected sales and low RSI value suggest the stock is oversold, presenting a potential buying opportunity.
CONFIDENCE 88
IMPORTANCE 75
RELEVANCE 100