Top 3 Tech Stocks That Could Surge This Quarter
Portfolio Pulse from Avi Kapoor
The article highlights three oversold tech stocks with RSI values near or below 30, indicating potential buying opportunities. The stocks mentioned are FormFactor Inc (FORM), Rambus Inc (RMBS), and Jabil Inc (JBL).
August 05, 2024 | 3:53 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
FormFactor Inc (FORM) posted better-than-expected quarterly earnings and set a record for DRAM probe-card revenue. Despite this, the stock fell around 21% over the past five days, with an RSI of 27.73, indicating it is oversold.
FormFactor's strong earnings and record revenue in DRAM probe-cards are positive indicators. The recent 21% drop in stock price and an RSI of 27.73 suggest the stock is oversold and may rebound.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Jabil Inc (JBL) declared a quarterly dividend of 8 cents per share. The stock fell around 10% over the past five days, with an RSI of 29.02, indicating it is oversold.
Jabil's declaration of a quarterly dividend is a positive sign. The 10% drop in stock price and an RSI of 29.02 suggest the stock is oversold and may rebound.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Rambus Inc (RMBS) reported mixed Q2 financial results with robust product revenue growth. The stock fell around 21% over the past five days, with an RSI of 28.71, indicating it is oversold.
Despite mixed financial results, Rambus showed strong product revenue growth. The 21% drop in stock price and an RSI of 28.71 indicate the stock is oversold and may present a buying opportunity.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100