Top 5 Defensive Stocks That May Rocket Higher This Quarter

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.

Campbell Soup Company CPB

  • Campbell Soup Company reported slightly worse-than-expected third-quarter revenue results and reaffirmed FY23 guidance with adjusted EPS below estimates. "Our third-quarter results were in line with our expectations and were driven by in-market momentum, continued best-in-class supply chain execution and favorable inflation-driven net price realization, all despite the anticipated challenging comparison from the prior year's retailer inventory rebuild," said Campbell's President and CEO, Mark Clouse. The company’s stock has a 52-week low of $45.42 .
  • RSI Value: 28.28
  • CPB Price Action: Shares of Campbell Soup fell 0.1% to close at $46.42 on Friday.

Lancaster Colony Corporation LANC

  • Lancaster Colony posted downbeat third-quarter earnings. CEO David A. Ciesinski commented, “We were pleased to report another quarter of record sales and higher profits. In the Retail segment, beyond the favorable impact of our pricing actions, net sales growth of 16.0% includes strong volume growth of 6.1% driven by our successful program for licensed dressings and sauces and another solid quarter for our New York BRAND Bakery® frozen garlic bread products.” It has a 52-week low of $120.72.
  • RSI Value: 25.61
  • LANC Price Action: Shares of Lancaster Colony fell 0.5% to close at $186.04 on Friday.

22nd Century Group, Inc. XXII

  • 22nd Century released results for the first quarter ended March 31, 2023, revealing net revenues of $22.0 million, an increase of 142.8% from the same period in 2022. “22nd Century is executing an aggressive commercial rollout of our FDA authorized VLN reduced nicotine content cigarettes and a revolutionary new CDMO plus distribution business model for our hemp/cannabis business unit, the combination of which will accelerate revenue, increase gross margin and drive 22nd Century to cash profitable operating results for both business units in 2024,” stated James A. Mish, CEO of 22nd Century Group. The company’s stock has a 52-week low of $0.45.
  • RSI Value: 27.97
  • XXII Price Action: Shares of 22nd Century fell 3.4% to close at $0.4686 on Friday.

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 52-week low is $57.29.
  • RSI Value: 28.15
  • BJ Price Action: Shares of BJ's Wholesale Club fell 1.7% to close at $61.07 on Friday.

Upexi, Inc. UPXI

  • Upexi's toy brand, Tytan Magnetic Tiles, announced new first party agreement with for launch and expansion of Disney products. "We are incredibly excited about our first party relationship with," said Nick Romano, President of Tytan Magnetic Tiles. The company has a 52-week low of $2.04.
  • RSI Value: 20.62
  • UPXI Price Action: Shares of Upexi fell 2.2% to close at $2.23 on Friday.


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