Top 3 Defensive Stocks Which Could Rescue Your Portfolio This Month (CORRECTED)
Portfolio Pulse from Avi Kapoor
The article highlights three oversold stocks in the consumer staples sector: Dollar Tree Inc (DLTR), Estee Lauder Companies Inc (EL), and Vital Farms, Inc. (VITL). These stocks have RSI values near or below 30, indicating potential buying opportunities. Analysts have provided mixed ratings and price targets for these companies.
August 13, 2024 | 12:42 pm
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POSITIVE IMPACT
Dollar Tree Inc (DLTR) is considered oversold with an RSI of 27.53. JP Morgan analyst Matthew Boss maintained an Overweight rating and raised the price target from $135 to $148. The stock fell around 10% over the past month.
The stock is oversold with an RSI below 30, indicating a potential buying opportunity. The positive analyst rating and increased price target from JP Morgan could drive short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Vital Farms, Inc. (VITL) is oversold with an RSI of 27.47. The company posted strong quarterly results with 38.5% revenue growth year-over-year. The stock fell around 27% over the past month.
The stock is oversold with an RSI below 30, indicating a potential buying opportunity. Strong quarterly results and significant revenue growth could drive short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Estee Lauder Companies Inc (EL) is oversold with an RSI of 18.84. Telsey Advisory Group analyst Dana Telsey maintained a Market Perform rating with a $115 price target. The stock fell around 15% over the past month.
The stock is significantly oversold with an RSI well below 30, suggesting a potential buying opportunity. However, the Market Perform rating indicates a neutral outlook, which may limit short-term price movement.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100