Top 3 Defensive Stocks That May Keep You Up At Night This Month
Portfolio Pulse from Avi Kapoor
Three consumer staples stocks, Bellring Brands, Kellanova, and Lamb Weston Holdings, are currently overbought according to their RSI values, indicating potential caution for momentum investors. Analysts have recently adjusted their ratings and price targets for these stocks.
October 22, 2024 | 1:35 pm
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NEUTRAL IMPACT
Bellring Brands is considered overbought with an RSI of 78.31. Truist Securities raised its price target to $60, and the stock has gained 8% over the past month.
The stock is overbought, which may indicate a potential pullback. However, the raised price target suggests some positive sentiment. The neutral score reflects these mixed signals.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Kellanova is overbought with an RSI of 79.11. Argus Research downgraded it from Buy to Hold. The stock has gained 40% over the past six months.
The downgrade and overbought status suggest caution, but the significant price gain indicates strong past performance. The neutral score reflects these mixed signals.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Lamb Weston Holdings is overbought with an RSI of 70.39. B of A Securities raised its price target to $80. The stock has gained 19% over the past month.
The overbought status suggests a potential pullback, but the raised price target indicates some positive outlook. The neutral score reflects these mixed signals.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80