Top 2 Real Estate Stocks That Are Ticking Portfolio Bombs
Portfolio Pulse from Avi Kapoor
As of August 20, 2024, Compass Inc (NYSE:COMP) and Realty Income Corp (NYSE:O) are considered overbought in the real estate sector, with RSI values above 70. Compass reported strong Q2 results, while Realty Income announced a $500 million senior notes offering.
August 20, 2024 | 11:23 am
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NEUTRAL IMPACT
Compass Inc's stock is overbought with an RSI of 70.70. The company reported a 14% increase in Q2 revenue, achieving all-time high net income and positive free cash flow.
Compass Inc's strong Q2 results and positive financial metrics are offset by its overbought status, indicated by an RSI of 70.70, suggesting a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Realty Income Corp is overbought with an RSI of 71.84. The company priced a $500 million offering of senior notes due 2054.
Realty Income's overbought status with an RSI of 71.84 and recent senior notes offering suggest a neutral short-term impact as the market digests these developments.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70