Top 3 Defensive Stocks That Are Ticking Portfolio Bombs
Portfolio Pulse from Avi Kapoor
As of July 25, 2024, three consumer staples stocks—Unilever plc (NYSE:UL), British American Tobacco PLC (NYSE:BTI), and Altria Group Inc (NYSE:MO)—are considered overbought based on their RSI values. Unilever reported strong quarterly earnings, while British American Tobacco posted a year-over-year decline in H1 adjusted EPS. Altria is set to report its Q2 and H1 results on July 31.
July 25, 2024 | 1:28 pm
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NEGATIVE IMPACT
British American Tobacco posted a year-over-year decline in H1 adjusted EPS, from 181.6p to 169.3p. The stock has gained 4% over the past month but is considered overbought with an RSI of 77.99.
The decline in H1 EPS for British American Tobacco, combined with a high RSI, suggests potential downward pressure on the stock. The recent price increase may not be sustainable.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Altria Group is set to report its Q2 and H1 results on July 31. The stock has gained 6% over the past month and is considered overbought with an RSI of 76.01.
Altria's upcoming earnings report could be a significant catalyst for the stock. The high RSI indicates it is overbought, which could lead to short-term volatility depending on the earnings outcome.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Unilever reported a 16.27% increase in quarterly adjusted earnings per share, reaching $1.74. The stock has gained 19% over the past six months and is considered overbought with an RSI of 71.27.
Unilever's strong earnings report and significant stock price increase over the past six months suggest positive momentum. However, the high RSI indicates the stock may be overbought, which could lead to short-term volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100