Top 2 Financials Stocks That May Rocket Higher In October
Portfolio Pulse from Avi Kapoor
The article highlights two oversold financial stocks, UWM Holdings Corp (NYSE:UWMC) and Gladstone Capital 7 75 Notes due 2028 (NASDAQ:GLADZ), which may present buying opportunities. UWM Holdings was recently upgraded by Barclays, while both stocks have RSI values indicating they are oversold.
October 21, 2024 | 11:04 am
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POSITIVE IMPACT
Gladstone Capital 7 75 Notes due 2028 is oversold with an RSI of 24.51. The stock has a 52-week low of $24.51 and closed at $25.55, indicating potential undervaluation.
The low RSI and proximity to its 52-week low suggest that GLADZ may be undervalued, presenting a potential buying opportunity.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
UWM Holdings Corp is considered oversold with an RSI of 28.51. Barclays upgraded the stock from Underweight to Equal-Weight, raising the price target from $6 to $8. The stock has fallen 16% over the past five days.
The upgrade by Barclays and the low RSI suggest potential for a price increase. The stock's recent decline and analyst upgrade make it a candidate for a rebound.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90