Top 2 Consumer Stocks Which Could Rescue Your Portfolio In Q3
Portfolio Pulse from Avi Kapoor
The article highlights two oversold consumer discretionary stocks, Conn’s Inc (NASDAQ:CONN) and Levi Strauss & Co (NYSE:LEVI), which present potential buying opportunities. Conn’s Inc has faced significant stock price decline and received a delinquency notification from Nasdaq, while Levi Strauss reported better-than-expected quarterly earnings but also saw a stock price drop.
July 25, 2024 | 1:01 pm
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NEGATIVE IMPACT
Conn’s Inc received a delinquency notification from Nasdaq and its stock fell around 48% over the past five days, hitting a 52-week low of $0.31. The RSI value is 17.61, indicating it is oversold.
The delinquency notification and significant stock price drop indicate potential financial instability, leading to a likely short-term negative impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Levi Strauss reported quarterly earnings of 16 cents per share, beating the analyst consensus estimate of 11 cents. Despite this, the stock fell around 24% over the past month, with an RSI value of 25.55.
Despite the recent stock price drop, the better-than-expected earnings report and low RSI value suggest a potential buying opportunity, likely leading to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100