Top 3 Risk Off Stocks That Are Set To Fly In July
Portfolio Pulse from Avi Kapoor
The article highlights three oversold stocks in the consumer staples sector with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are Lamb Weston Holdings Inc (LW), Boston Beer Company Inc (SAM), and Celsius Holdings, Inc (CELH).
July 26, 2024 | 1:30 pm
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NEGATIVE IMPACT
Lamb Weston Holdings Inc reported worse-than-expected Q4 results and issued FY25 guidance below estimates. The stock fell 33% over the past five days and has a 52-week low of $52.99. RSI value is 15.59.
The worse-than-expected financial results and weak guidance indicate potential further downside. The low RSI suggests the stock is oversold, but the negative news may continue to pressure the stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Boston Beer Company reported worse-than-expected Q2 results. Despite gross margin improvements, the stock fell 11% over the past month and has a 52-week low of $254.40. RSI value is 24.15.
The disappointing Q2 results and recent stock decline suggest potential further downside. The low RSI indicates the stock is oversold, but the negative earnings report may continue to weigh on the stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
NEUTRAL IMPACT
Celsius Holdings received a Buy rating from B. Riley Securities but had its price target lowered from $110 to $80. The stock dipped 18% over the past month and has a 52-week low of $44.70. RSI value is 29.12.
The maintained Buy rating is a positive, but the lowered price target and recent stock decline suggest mixed signals. The low RSI indicates the stock is oversold, which may attract buyers, but the lowered price target could limit upside potential.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100