Top 3 Risk Off Stocks Which Could Rescue Your Portfolio This Quarter
Portfolio Pulse from Avi Kapoor
The article highlights three oversold stocks in the consumer staples sector: Walgreens Boots Alliance Inc (WBA), Estee Lauder Companies Inc (EL), and Kraft Heinz Co (KHC). These stocks have RSI values near or below 30, indicating potential undervaluation. Analysts have recently adjusted their ratings and price targets for these companies.
July 02, 2024 | 11:06 am
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Estee Lauder Companies Inc (EL) has an RSI of 23.96, indicating it is oversold. Barclays analyst Lauren Lieberman maintained an Equal-Weight rating and lowered the price target from $140 to $136. The stock fell 15% over the past month and closed at $105.38 on Monday.
EL's low RSI and recent price drop suggest it is oversold, which could attract buyers. The analyst's Equal-Weight rating indicates a neutral stance, but the lowered price target reflects caution.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Kraft Heinz Co (KHC) has an RSI of 29.03, indicating it is oversold. Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and lowered the price target from $37 to $34. The stock fell 9% over the past month and closed at $31.86 on Monday.
KHC's low RSI and recent price decline suggest it is oversold, potentially making it attractive to investors. The analyst's Equal-Weight rating and lowered price target indicate a cautious outlook.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 100
POSITIVE IMPACT
Walgreens Boots Alliance Inc (WBA) has an RSI of 19.52, indicating it is oversold. JP Morgan analyst Lisa Gill maintained an Overweight rating but lowered the price target from $30 to $20. The stock fell 27% over the past five days and closed at $11.58 on Monday.
The significant drop in WBA's stock price and its low RSI suggest it is oversold, presenting a potential buying opportunity. The analyst's Overweight rating supports a positive outlook despite the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100