Top 4 Consumer Stocks That May Rocket Higher This Month

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, according to Benzinga Pro.

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

VinFast Auto Ltd. (NASDAQ:VFS)

  • On April 17, VinFast Auto reported first-quarter loss per share of 26 cents, wider than the street view of 22 cents loss. “Supportive government policies, the anticipated transition of the EV market from early to mass adoption, and the projected growth in Ex-China markets fuel our confidence,” said Madam Thuy Le, Chairwoman of VinFast. The company’s stock fell around 47% over the past month and has a 52-week low of $2.2550 .
  • RSI Value: 28.32
  • VFS Price Action: Shares of VinFast Auto fell 6.6% to close at $2.56 on Tuesday.

Vail Resorts, Inc. (NYSE:MTN)   

  • On April 24, Vail Resorts reported pricing of $600 million in aggregate principal amount of 6.500% senior notes due 2032 at par. The company’s stock fell around 8% over the past five days. It has a 52-week low of $189.34.
  • RSI Value: 19.49
  • MTN Price Action: Shares of Vail Resorts fell 3.2% to close at $189.37 on Tuesday.

Whirlpool Corporation (NYSE:WHR)

  • On April 24, Whirlpool reported first-quarter financial results. The company announced that it is currently evaluating certain follow-on restructuring actions for the remainder of 2024 and expects to incur about $50 million of restructuring charges. The company’s shares fell around 10% over the past five days and has a 52-week low of $91.90.
  • RSI Value: 28.49
  • WHR Price Action: Shares of Whirlpool fell 2.1% to close at $94.86 on Tuesday.

Starbucks Corporation (NASDAQ:SBUX)

  • On April 30, Starbucks said second-quarter revenue decreased 2% year-over-year to $8.6 billion, which missed the consensus estimate of $9.129 billion. “In a highly challenged environment, this quarter’s results do not reflect the power of our brand, our capabilities or the opportunities ahead,” said Laxman Narasimhan, CEO of Starbucks. The company’s shares lost around 3% over the past month. The company’s 52-week low is $84.29.
  • RSI Value: 20.18
  • SBUX Price Action: Shares of Starbucks rose 0.2% to close at $88.49 on Tuesday.

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