Top 3 Risk Off Stocks Which Could Rescue Your Portfolio This Quarter
Portfolio Pulse from Avi Kapoor
The article highlights three oversold stocks in the consumer staples sector: Coty Inc, 22nd Century Group Inc, and Mangoceuticals. These stocks have RSI values indicating they are oversold, presenting potential buying opportunities. Coty Inc announced preliminary Q1 results and reiterated its FY25 outlook, while 22nd Century Group's CEO made a significant share purchase. Mangoceuticals announced a reverse stock split.
October 17, 2024 | 11:18 am
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POSITIVE IMPACT
Coty Inc's stock is oversold with an RSI of 29.19. The company announced preliminary Q1 results and reiterated its FY25 outlook, but shares fell 11% over the past five days.
Coty's RSI indicates it is oversold, suggesting a potential buying opportunity. The recent announcement of Q1 results and FY25 outlook could stabilize or boost investor confidence, potentially leading to a short-term price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
22nd Century Group's stock is oversold with an RSI of 22.29. The CEO's recent purchase of shares may indicate confidence, but the stock fell 43% over the past five days.
The RSI suggests the stock is oversold, and the CEO's share purchase could be a positive signal to investors. This may lead to a short-term price recovery.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Mangoceuticals' stock is oversold with an RSI of 29.63. The company announced a 1-for-15 reverse stock split, and shares fell 21% over the past five days.
The RSI indicates the stock is oversold, but the reverse stock split could create uncertainty among investors, leading to a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60