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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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
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