Top 5 Risk Off Stocks That Could Blast Off In Q2

The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued 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 oversold when the RSI is below 30.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

Dollar General Corporation DG

  • Dollar General reported worse-than-expected first-quarter results and cut its FY23 sales growth outlook. "While the macroeconomic environment has been more challenging than expected, particularly for our core customer, we are confident in Dollar General’s ability to deliver strong growth in the years ahead, despite the near-term pressure which impacted our first quarter sales results and is anticipated to impact our full-year sales and EPS," said Jeff Owen, Dollar General’s chief executive officer. The company’s stock has a 52-week low of $153.81 .
  • RSI Value: 17.26
  • DG Price Action: Shares of Dollar General fell 1.1% to close at $157.11 on Tuesday.

Unilever PLC UL

  • Unilever reported first-quarter sales of €14.8 billion. The company’s stock has a 52-week low of $42.44.
  • RSI Value: 29.41
  • UL Price Action: Shares of Unilever fell 0.2% to close at $50.29 on Tuesday.

BJ's Wholesale Club Holdings, Inc. BJ

  • BJ's Wholesale Club reported worse-than-expected first-quarter sales results. "We reported a record first quarter in net income and adjusted EBITDA, demonstrating the power of our business model and the warehouse club channel," said Bob Eddy, President and Chief Executive Officer, BJ’s Wholesale Club. The company’s stock has a 52-week low of $57.08.
  • RSI Value: 27.00
  • BJ Price Action: Shares of BJ's Wholesale Club rose 0.7% to close at $63.01 on Tuesday.

The Hain Celestial Group, Inc. HAIN

  • Hain Celestial reported worse-than-expected third-quarter adjusted EPS and sales results and lowered FY23 guidance. Wendy Davidson, Hain Celestial President and Chief Executive Officer, said, “Hain has undergone a significant transformation over the past four years, and we’re continuing to design an operating model that will enable sustainable scalability and growth for the future.” The company’s 52-week low is $11.78.
  • RSI Value: 26.03
  • HAIN Price Action: Shares of Hain Celestial rose 1.6% to close at $12.10 on Tuesday.

Target Corporation TGT

  • Target reported better-than-expected first-quarter financial results. “As we look ahead, we now expect shrink will reduce this year’s profitability by more than $500 million compared with last year,” said Brian Cornell, chairman and CEO of Target. The company has a 52-week low of $126.75.
  • RSI Value: 26.93
  • TGT Price Action: Shares of Target rose 1.6% to close at $132.70 on Tuesday.


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