Top 3 Consumer Stocks That Could Blast Off In July
Portfolio Pulse from Avi Kapoor
The article highlights three oversold consumer discretionary stocks with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are Ammo Inc (NASDAQ:POWW), Helen of Troy Limited (NASDAQ:HELE), and Yum China Holdings Inc (NYSE:YUMC).
July 01, 2024 | 12:15 pm
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POSITIVE IMPACT
Helen of Troy Limited (NASDAQ:HELE) is set to release its Q1 fiscal 2025 results on July 9. The stock has fallen 13% over the past month and has an RSI value of 28.92, indicating it is oversold.
The upcoming earnings release and the oversold RSI suggest a potential positive impact on the stock price if the results are favorable.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Ammo Inc (NASDAQ:POWW) posted a profit for the first quarter and has a strong pipeline of rifle ammunition and casing sales. Despite a 38% drop in stock price over the past month, the RSI value of 29.16 suggests it is oversold.
The company's recent profit and strong sales pipeline, combined with an oversold RSI, suggest a potential rebound in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Yum China Holdings Inc (NYSE:YUMC) reported mixed Q1 financial results but achieved solid sales growth. The stock has fallen 18% over the past month and has an RSI value of 22.38, indicating it is oversold.
Despite mixed financial results, the solid sales growth and oversold RSI suggest a potential rebound in stock price.
CONFIDENCE 88
IMPORTANCE 75
RELEVANCE 100