Top 4 Tech Stocks That May Explode In July
Portfolio Pulse from Avi Kapoor
The article highlights four oversold tech stocks with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are HubSpot Inc (HUBS), Nutanix Inc (NTNX), Crowdstrike Holdings Inc (CRWD), and Corsair Gaming Inc (CRSR).
July 22, 2024 | 12:27 pm
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NEGATIVE IMPACT
Corsair Gaming's stock lost 17% over the past five days after reporting preliminary Q2 results below estimates. The stock has a 52-week low of $8.12.
The disappointing preliminary Q2 results and significant stock decline indicate negative sentiment. The RSI suggests oversold conditions, but the immediate impact is likely negative.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Crowdstrike's stock dipped 18% over the past five days due to a widespread issue causing Windows computers to crash. The stock has a 52-week low of $140.52.
The widespread issue causing significant operational disruptions and the sharp stock decline suggest strong negative sentiment. The RSI indicates oversold conditions, but the immediate impact is likely negative.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
HubSpot's stock fell 16% over the past month, with a 52-week low of $407.23. Alphabet abandoned acquisition talks, impacting the stock negatively.
The failed acquisition talks with Alphabet and the significant drop in stock price suggest negative sentiment. The RSI indicates oversold conditions, but the immediate impact is likely negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Nutanix's stock fell 11% over the past five days, with a 52-week low of $28.49. Morgan Stanley lowered its price target from $72 to $62.
The lowered price target by Morgan Stanley and recent stock decline indicate negative sentiment. The RSI suggests oversold conditions, but the immediate impact is likely negative.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100