Top 2 Utilities Stocks That May Crash This Quarter
Portfolio Pulse from Avi Kapoor
Entergy Corp (ETR) and Xcel Energy Inc (XEL) are identified as overbought stocks in the utilities sector, with high RSI values indicating potential short-term price corrections. Entergy reported strong earnings, while Xcel posted downbeat results.
November 01, 2024 | 11:34 am
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NEGATIVE IMPACT
Entergy Corp reported strong earnings and raised its FY24 EPS outlook, but its high RSI value of 90.51 suggests it is overbought, indicating a potential short-term price correction.
Entergy's strong earnings and raised outlook are positive, but the high RSI value suggests the stock is overbought, which often leads to a price correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Xcel Energy posted downbeat earnings, and its RSI value of 75.43 indicates it is overbought, suggesting a potential short-term price correction.
Xcel's downbeat earnings and high RSI value suggest the stock is overbought, which could lead to a short-term price correction.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85