Top 3 Consumer Stocks Which Could Rescue Your Portfolio This Quarter
Portfolio Pulse from Avi Kapoor
The article highlights three oversold consumer discretionary stocks with potential for short-term gains: Light & Wonder Inc (LNW), MakeMyTrip Ltd (MMYT), and Advance Auto Parts, Inc. (AAP). These stocks have RSI values below 30, indicating they are oversold and may present buying opportunities.
October 03, 2024 | 10:55 am
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POSITIVE IMPACT
Advance Auto Parts, Inc. is oversold with an RSI of 27.47. The stock has seen a price target reduction by Mizuho, but its low RSI suggests potential for a rebound.
AAP's RSI of 27.47 indicates it is oversold, suggesting potential for a price rebound. The recent price target reduction by Mizuho may have impacted the stock negatively, but the low RSI presents a buying opportunity.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Light & Wonder Inc is considered oversold with an RSI of 26.57. Despite a recent price target cut by Macquarie, the stock's low RSI suggests potential for a rebound.
LNW's RSI of 26.57 indicates it is oversold, suggesting potential for a price rebound. The recent price target cut by Macquarie may have contributed to the stock's decline, but the low RSI presents a buying opportunity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
MakeMyTrip Ltd is oversold with an RSI of 29.31. Despite a recent price target increase by B of A Securities, the stock has fallen significantly, indicating potential for recovery.
MMYT's RSI of 29.31 suggests it is oversold, indicating potential for a price recovery. The recent price target increase by B of A Securities shows positive analyst sentiment, despite the stock's recent decline.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100