Top 3 Financials Stocks Which Could Rescue Your Portfolio For July
Portfolio Pulse from Avi Kapoor
The article highlights three oversold financial stocks with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are DigiAsia Corp (NASDAQ:FAAS), Jiayin Group Inc (NASDAQ:JFIN), and Finance of America Companies Inc (NYSE:FOA).
July 30, 2024 | 12:29 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
DigiAsia Corp reported 7.85 billion transactions for 2023, up from 4.5 billion in 2022. Despite this, the stock fell 47% over the past month and has an RSI of 23.36, indicating it is oversold.
The significant increase in transactions suggests strong operational performance, but the stock's sharp decline and low RSI indicate it may be undervalued, presenting a potential buying opportunity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Finance of America Companies will release Q2 results on Aug. 6. The stock dipped 16% over the past six months and has an RSI of 21.38, indicating it is oversold.
The upcoming Q2 results could provide a catalyst for the stock. The significant decline and low RSI indicate it may be undervalued, presenting a potential buying opportunity.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Jiayin Group Inc posted a decline in Q1 EPS but reported a 13.6% YoY increase in loan facilitation volume and 31.5% net revenue growth. The stock fell 12% over the past month and has an RSI of 24.99.
Despite the decline in EPS, the strong growth in loan volume and net revenue indicates positive business momentum. The stock's recent decline and low RSI suggest it may be undervalued.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100