Top 3 Financials Stocks Which Could Rescue Your Portfolio This Month
Portfolio Pulse from Avi Kapoor
The article highlights three oversold financial stocks with potential for recovery: Highest Performances Holdings Inc (HPH), B Riley Financial Inc (RILY), and MarketWise Inc (MKTW). These stocks have experienced significant price declines and have RSI values indicating they are oversold.
August 15, 2024 | 11:22 am
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POSITIVE IMPACT
Highest Performances Holdings Inc (HPH) posted 1H revenue of $5 million but saw its stock fall 72% over the past month. The RSI value is 11.03, indicating it is significantly oversold.
The significant drop in stock price combined with a very low RSI value suggests that HPH is oversold and may present a buying opportunity for investors looking for undervalued stocks.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
MarketWise Inc (MKTW) announced the registration of its Chairman and CEO. The stock fell 28% over the past five days with an RSI of 25.96, indicating it is oversold.
The recent decline in stock price and low RSI value suggest that MKTW is oversold. This may present a buying opportunity for investors looking for undervalued stocks.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
B Riley Financial Inc (RILY) reported preliminary Q2 results negatively impacted by non-cash losses related to its investment in Franchise Group, Inc. The stock fell 61% over the past five days with an RSI of 20.72.
The substantial decline in stock price and low RSI value indicate that RILY is oversold. Despite the negative Q2 results, the stock may present a buying opportunity for investors.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100