The most oversold stocks in the consumer discretionary 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.

Foot Locker, Inc. (NYSE:FL)

• Foot Locker reported a second-quarter revenue miss and an 11% rise in inventories. Mary Dillon, President and Chief Executive Officer, said, "Our second quarter was broadly in line with our expectations, despite the still-tough consumer backdrop. However, we did see a softening in trends in July and are adjusting our 2023 outlook to allow us to best compete for price-sensitive consumers, while still leaning into the strategic investments that drive our Lace Up plan." The company’s stock has a 52-week low of $14.84 .
• RSI Value: 26.37
• FL Price Action: Shares of Foot Locker fell 1.1% to close at $18.32 on Tuesday.

Golden Entertainment, Inc. (NASDAQ:GDEN)

• Golden Entertainment posted downbeat quarterly earnings. Blake Sartini, Chairman and Chief Executive Officer of Golden, commented, "Ongoing room and pool renovations at The STRAT, which were completed at the end of June, negatively impacted second quarter results. Despite weaker results from our casino resorts segment, our locals casinos continued their strong performance." It has a 52-week low of $32.53.
• RSI Value: 24.59
• GDEN Price Action: Shares of Golden Entertainment rose 0.9% to close at $35.45 on Tuesday.

Jack in the Box Inc. (NASDAQ:JACK)

• Jack In The Box reported a third-quarter 2023 sales decline of 0.35% year-on-year to $396.9 million, beating the analyst consensus estimate of $393.89 million.. The company’s stock has a 52-week low of $65.72.
• RSI Value: 26.66
• JACK Price Action: Shares of Jack in the Box gained 0.9% to close at $80.15 on Tuesday.

Brinker International, Inc. (NYSE:EAT)

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

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