Top 4 Consumer Stocks That May Explode In November

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.

Levi Strauss & Co LEVI

• On Oct. 28, Levi Strauss named Dario Aguilar as Managing Director, Latin America. The company’s stock fell around 11% over the past month and has a 52-week low of $13.94.
• RSI Value: 29.52                        
• LEVI Price Action: Shares of Levi fell 0.7% to close at $16.86 on Tuesday.
• Benzinga Pro’s real-time newsfeed alerted to latest LEVI news.

Crocs Inc CROX        

• On Oct. 29, Crocs reported third-quarter financial results and lowered its revenue guidance related to the HEYDUDE Brand. The company reported adjusted earnings per share of $3.60 (+11%), beating the street view of $3.10. Quarterly revenues of $1.062 billion (+2%) beat the analyst consensus of $1.05 billion. The company’s stock fell around 27% over the past month and has a 52-week low of $77.16.
• RSI Value: 25.13
• CROX Price Action: Shares of Crocs fell 0.9% to close at $101.98 on Tuesday.
• Benzinga Pro’s charting tool helped identify the trend in CROX stock.

See also  Blue Bird Corporation Stock Buzz: A Peek into the School Bus Manufacturer's PotentialThe Rise Above the 50-Day SMA

Blue Bird Corporation, a renowned school bus manufacturer, has recently made a notable move, catching the eyes of market players. In a technical twist, the stock surged past its 50-day simple moving average (SMA) - a crucial juncture for traders, heralding a promising short-term uptick.

Key Signals from Historical Movements

Intriguingly, this isn't the first time Blue Bird has crossed above the 50-day SMA. Earlier in the year, it made a similar breakthrough on May 3, maintaining the position until July 1. Despite a brief dip below the SMA in July, the stock reclaimed its territory yesterday. This rebound marks a positive trajectory for the company.

The Fundamental Strengths of Blue Bird

Delving into Blue Bird's fundamentals, there are six notable reasons to be bullish on the stock:

Massive Market Opportunity: With a rich legacy spanning a century in crafting school buses, Blue Bird is leaping into the future with innovative advancements in automotive technology. The company's stronghold in the market, especially in the electric school buses segment, promises lucrative gains. Propane Advantage: Blue Bird doesn't just stop at electric buses; it also capitalizes on propane and gasoline, leveraging a strategic partnership to maintain its dominance in the alternative fuels domain. Favorable Government and Regulatory Policies: Riding on government initiatives promoting electric buses, Blue Bird stands to benefit from supportive policies paving the way for growth. Turnaround Efforts Paying Off: A resilient turnaround strategy post-pandemic hurdles has bolstered Blue Bird's financial health, propelling it towards profitability and enhanced operational efficiency. Expansion & Safety Initiatives: With a vision to scale up production and bolster safety protocols, Blue Bird is gearing up for an expansion spree, aligning with the escalating demand. Raised FY24 Guidance: Noteworthy revenue projections and an optimistic outlook underscore Blue Bird's confidence in its future performance.A Glance at Stocks in Performance

Blue Bird's stock has had an impressive run this year, showcasing a robust 94% surge year-to-date, significantly outshining industry counterparts and market benchmarks. The stock's ascent paints a promising picture amidst a competitive landscape.

Charting Growth Trajectories & Valuation Metrics

Peering into growth estimates and valuation ratios, Blue Bird stands out with a compelling growth narrative, with earnings poised to soar. The stock's forward-looking sales multiple and Value Score hint at a prudent investment opportunity, perched at an intriguing juxtaposition within the industry.

Deciphering Investment Moves

As Blue Bird's transformation story unfolds into one of growth and promise, investors are poised at a juncture of opportunity. With a steadfast focus on industry trends and the company's strategic roadmap, the decision to jump aboard the Blue Bird bandwagon beckons investors to ponder judiciously.

Blue Bird Corporation Poised for Growth Amid Market Demand

Blue Bird Corporation Poised for Growth Amid Market Demand

Hasbro Inc HAS

• On Oct. 24, Hasbro reported a third-quarter sales decline of 15% year-on-year to $1.281 billion, marginally missing the analyst consensus estimate of $1.295 billion. “We continue to execute our turnaround efforts and are poised to finish the year with improved profitability, cash flow and operational rigor,” said Gina Goetter, Hasbro’s Chief Financial Officer. The company’s stock fell around 11% over the past month and has a 52-week low of $42.70.
• RSI Value: 29.26
• HAS Price Action: Shares of Hasbro fell 1.1% to close at $63.42 on Tuesday.
• Benzinga Pro’s signals feature notified of a potential breakout in HAS shares.

American Eagle Outfitters Inc AEO

• On Nov. 12, Jefferies analyst Corey Tarlowe maintained American Eagle with a Hold and lowered the price target from $22 to $19. The company’s shares lost around 13% over the past month. The company’s 52-week low is $73.04.
• RSI Value: 15.92
• AEO Price Action: Shares of American Eagle fell 1.5% to close at $17.94 on Tuesday.
• Benzinga Pro’s earnings calendar was used to track upcoming AEO earnings reports.

Read More:

Market News and Data brought to you by Benzinga APIs