Top 3 Industrials Stocks That May Rocket Higher In Q3
Portfolio Pulse from Avi Kapoor
The article highlights three industrial stocks that are currently oversold and may present buying opportunities in Q3. The stocks mentioned are LegalZoom.com Inc (NASDAQ:LZ), Grab Holdings Ltd (NASDAQ:GRAB), and Expion360 Inc (NASDAQ:XPON). Each of these stocks has an RSI value below 30, indicating they are oversold.
July 19, 2024 | 1:09 pm
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Jefferies analyst maintained a Buy rating on Grab Holdings Ltd but lowered the price target to $4.7. The stock has fallen around 7% over the past five days and has an RSI of 27.61, indicating it is oversold.
The Buy rating from Jefferies and the oversold RSI suggest a potential buying opportunity despite the lowered price target.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
LegalZoom.com Inc is set to report its Q2 financial results on Aug. 7. The stock has fallen around 22% over the past month and has an RSI of 27.98, indicating it is oversold.
The upcoming financial results could act as a catalyst for the stock. The RSI indicates it is oversold, suggesting a potential rebound.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Expion360 Inc posted a Q1 loss of 31 cents per share and has an RSI of 24.50, indicating it is oversold. The stock has dipped around 20% over the past month.
The oversold RSI and recent stock dip suggest a potential rebound, especially with the company's focus on next-generation battery products.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100