Top 5 Consumer Stocks That May Collapse This Quarter

The most overbought stocks in the consumer discretionary sector presents an opportunity to go short on these overvalued companies.

The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70.

Here’s the latest list of major overbought players in this sector.

MINISO Group Holding Limited MNSO

  • MINISO reported better-than-expected fourth-quarter financial results.. The company’s stock has a 52-week high of $29.69. .
  • RSI Value: 80.11
  • MNSO Price Action: Shares of MINISO Group gained 5.3% to close at $29.64 on Thursday.

Vasta Platform Limited VSTA

  • Vasta Platform plans repurchase of $12.5 million of class A common shares in the open market. The company’s stock has a 52-week high of $5.58.
  • RSI Value: 72.19
  • VSTA Price Action: Shares of Vasta Platform fell 1.2% to close at $4.10 on Thursday.

Toyota Motor Corporation TM

  • Ford Motor appointed a Toyota Motor executive as its new global chief marketing officer. The company has a 52-week high of $188.05.
  • RSI Value: 80.92
  • TM Price Action: Shares of Toyota Motor gained 2.2% to close at $187.98 on Thursday.

Honda Motor Co., Ltd. HMC

  • BMW, Ford and Honda agreed to create Chargescape, a new company focused on optimizing electric vehicle grid services. The company’s 52-week high is $35.63.
  • RSI Value: 83.20
  • HMC Price Action: Shares of Honda Motor gained 3.2% to close at $35.60 on Thursday.

G-III Apparel Group, Ltd. GIII

  • G-III Apparel Group reported second-quarter FY24 sales growth of 9% year-on-year to $659.76 million, beating the analyst consensus of $592.32 million. The company has a 52-week high of $24.93.
  • RSI Value: 73.87
  • GIII Price Action: Shares of G-III Apparel rose 1.6% to settle at $24.81 on Thursday.


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