Author: Avi Kapoor

The most oversold stocks in the real estate 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.

Howard Hughes Holdings Inc. (NYSE:HHH)

• On Feb. 27, Howard Hughes Holdings posted better-than-expected fourth-quarter earnings. “Howard Hughes produced outstanding results during the fourth quarter which ultimately contributed to record full year financial results in our MPC and Operating Assets segments,” commented David R. O’Reilly, Chief Executive Officer of Howard Hughes. “During a year that was overshadowed by negative headlines and considerable uncertainty for housing and office, the exceptional performance across HHH’s master planned communities highlights the resilience and appeal of the company’s world-class portfolio, as well as the strong demand we continue to see from people and companies seeking an amenity-rich, high-quality lifestyle in a natural setting. The company’s stock fell around 7% over the past month and has a 52-week low of $65.42 .
• RSI Value: 28.84
• HHH Price Action: Shares of Howard Hughes fell 1.5% to close at $71.01 on Friday.

Fathom Holdings Inc. (NASDAQ:FTHM)

• On March 14, Fathom Holdings posted downbeat quarterly results. “Throughout the year we remained focused on our growth strategy and took meaningful steps to better position Fathom for profitable growth in 2024,” said Fathom CEO Marco Fregenal. “While the residential real estate industry remains challenging, we firmly believe that our future remains bright and by continuing to grow our agent base and optimize our cost structure, we are positioning Fathom for continued success as the industry rebounds.” The company’s stock fell around 33% over the past month. It has a 52-week low of $1.74.
• RSI Value: 27.16
• FTHM Price Action: Shares of Fathom Holdings fell 0.5% to close at $1.92 on Friday.

 

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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga’s extensive database of analyst ratings, including by analyst accuracy .

Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.

Nordic American Tankers Limited (NYSE:NAT)

• Dividend Yield: 12.21%
• Jefferies analyst Omar Nokta reiterated a Buy rating with a price target of $5.5 on Feb. 29, 2024. This analyst has an accuracy rate of 73%.
• B. Riley Securities analyst Liam Burke maintained a Buy rating and boosted the price target from $5.5 to $6 on Aug. 29, 2023. This analyst has an accuracy rate of 65%.
• Recent News: On Feb. 29, Nordic American Tankers posted weaker-than-expected quarterly results.

Kimbell Royalty Partners, LP (NYSE:KRP)

• Dividend Yield: 10.80%
• Raymond James analyst John Freeman maintained a Strong Buy rating and cut the price target from $22 to $20 on Jan. 24, 2024. This analyst has an accuracy rate of 80%.
• Keybanc analyst Tim Rezvan maintained an Overweight rating and lowered the price target from $21 to $20 on Jan. 11, 2024. This analyst has an accuracy rate of 62%.
• Recent News: Kimbell Royalty Partners said it will release its first quarter 2024 financial results on May 2, 2024, before the opening bell.

Ardmore Shipping Corporation (NYSE:ASC)

• Dividend Yield: 5.14%
• Stifel analyst Benjamin Nolan maintained a Buy rating and boosted the price target from $20 to $21 on Feb. 16, 2024. This analyst has an accuracy rate of 73%.
• Jefferies analyst Omar Nokta reiterated a Buy rating with a price target of $20 on Feb. 15, 2024. This analyst has an accuracy rate of 73%.
• Recent News: On March 15, Ardmore Shipping said it has filed 2023 annual report on Form 20-F.

 

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As of March 22, 2024, five stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

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 overbought when the RSI is above 70, according to Benzinga Pro.

Here’s the latest list of major overbought players in this sector.

Travel + Leisure Co. (NYSE:TNL)

• On March 21, Travel + Leisure completed $350 million term securitization. The company’s stock gained around 5% over the past five days and has a 52-week high of $47.68 .
• RSI Value: 73.66
• TNL Price Action: Shares of Travel + Leisure closed at $47.02 on Thursday.

J.Jill, Inc. (NYSE:JILL)

• On March 20, J. Jill reported fourth-quarter FY23 sales growth of 1.2% year-on-year to $149.45 million, beating the analyst consensus estimate of $147.40 million. “This performance is once again a testament to the execution of our disciplined operating model which has continued to support the healthy margin profile and strong cash generation of the business,” said President and CEO Claire Spofford. The company’s stock gained around 19% over the past month and has a 52-week high of $32.26.
• RSI Value: 70.91
• JILL Price Action: Shares of J.Jill gained 10.5% to close at $29.26 on Thursday.

Despegar.com, Corp. (NYSE:DESP)

• On March 14, Despegar.com reported mixed fourth-quarter 2023 results, with sales beating estimates.. The company’s stock gained around 36% over the past month and has a 52-week high of $12.10.
• RSI Value: 77.27
• DESP Price Action: Shares of Despegar.com gained 0.9% to close at $11.90 on Thursday.

Modine Manufacturing Company (NYSE:MOD)

• On March 19, Oppenheimer analyst Noah Kaye initiated coverage on Modine Manufacturing with an Outperform rating and announced a price target of $105. The company’s stock jumped around 21% over the past five days and has a 52-week high is $106.01.
• RSI Value: 76.68
• MOD Price Action: Shares of Modine Manufacturing gained 3.7% to close at $102.70 on Thursday.

Toll Brothers, Inc. (NYSE:TOL)

• On March 21, Oppenheimer analyst Tyler Batory maintained Toll Brothers with an Outperform and raised the price target from $141 to $157. The company’s stock jumped around 15% over the past month and has a 52-week high of $128.10.
• RSI Value: 71.84
• TOL Price Action: Shares of Toll Brothers gained 2.3% to close at $126.53 on Thursday.

 

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The Nasdaq 100 closed higher by around 80 points on Thursday. Investors, meanwhile, focused on some notable insider trades.

When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.

Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform.

Dell Technologies

• The Trade: Dell Technologies Inc (NYSE:DELL) CEO Michael S Dell sold a total of 2,977,478 shares at an average price of $108.5. The insider received around $323.1 million from selling those shares.
• What’s Happening: Dell Technologies recently strengthened collaboration with NVIDIA to help enterprises adopt AI technologies.
• What Dell Technologies Does: Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium personal computers and enterprise on-premises data center hardware.

Have a look at our premarket coverage here

Apollo Global Management

• The Trade: Apollo Global Management, Inc. (NYSE:APO) Leon D Black sold a total of 450,000 shares at an average price of $110.71. The insider received around $49.8 million from selling those shares.
• What’s Happening: Apollo Global Management placed an $11 billion bid to purchase the film and TV studio of Paramount Global, outpacing the company’s entire market value of approximately $7.7 billion.
• What Apollo Global Management Does: Apollo Global Management Inc is an alternative investment manager.

Verint Systems

• The Trade: Verint Systems Inc (NASDAQ:VRNT) Chairman and CEO Dan Bodner sold a total of 33,472 shares at an average price of $31.29. The insider received around $1.05 million from selling those shares.
• What’s Happening: Verint is expected to review its fourth quarter and full-year financial results on March 27, 2024.
• What Verint Systems Does: Verint Systems Inc with its subsidiaries helps brands provide Boundless Customer Engagement.

TJX Companies

• The Trade: The TJX Companies, Inc. (NYSE:TJX) CEO and President Ernie Herrman sold a total of 20,000 shares at an average price of $98.98. The insider received around $1.98 million from selling those shares.
• What’s Happening: On Feb. 28, TJX posted better-than-expected sales for its fourth quarter.
• What TJX Does: TJX Companies is the leading off-price retailer of apparel, accessories, and home merchandise in the United States.

 

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As of March 21, 2024, three stocks in the communication services sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

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 overbought when the RSI is above 70, according to Benzinga Pro.

Here’s the latest list of major overbought players in this sector.

QuinStreet, Inc. (NASDAQ:QNST)

• On Feb. 7, QuinStreet reported better-than-expected second-quarter financial results. The company’s stock gained around 11% over the past month and has a 52-week high of $17.36 .
• RSI Value: 75.36
• QNST Price Action: Shares of QuinStreet fell 1.4% to close at $17.11 on Wednesday.

PubMatic, Inc. (NASDAQ:PUBM)

• On Feb. 26, PubMatic reported better-than-expected fourth-quarter financial results and issued strong guidance. The company’s stock gained around 45% over the past month and has a 52-week high of $23.86.
• RSI Value: 72.59
• PUBM Price Action: Shares of PubMatic gained 2.2% to close at $23.39 on Wednesday.

National CineMedia, Inc. (NASDAQ:NCMI)

• On March 18, National CineMedia posted upbeat results for its fourth quarter and disclosed a new $100 million share repurchase program. The company’s stock gained around 26% over the past five days and has a 52-week high of $6.50.
• RSI Value: 74.77
• NCMI Price Action: Shares of National CineMedia gained 3% to close at $5.21 on Wednesday.

 

Read More: Micron, Accenture And 3 Stocks To Watch Heading Into Thursday

Shares of Micron Technology, Inc. (NASDAQ:MU) rose sharply in today’s pre-market trading as the company reported upbeat results for its second quarter and issued strong third-quarter guidance.

Micron reported first-quarter revenue of $5.82 billion, which beat the consensus estimate of $5.342 billion. The company reported adjusted earnings of 42 cents per share, which easily beat analyst estimates for a loss of 25 cents per share, according to data from Benzinga Pro.

Micron Technology shares jumped 17.1% to $112.69 in pre-market trading

Here are some other stocks moving in pre-market trading.

Gainers

• Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) shares rose 73.7% to $2.31 in pre-market trading after falling 11% on Wednesday.
• CuriosityStream Inc. (NASDAQ:CURI) rose 36.2% to $0.7919 in pre-market trading after the company reported financial results for fourth quarter.
• TROOPS, Inc. (NASDAQ:TROO) shares rose 27.8% to $2.11 in pre-market trading.
• Lufax Holding Ltd (NYSE:LU) climbed 26.4% to $4.26 in pre-market trading following fourth-quarter results.
• Canoo Inc. (NASDAQ:GOEV) shares gained 17.8% to $4.02 in pre-market trading after gaining around 22% on Wednesday. The US Department of Commerce recently approved its Oklahoma City facility as a Foreign Trade Zone.
• Sentage Holdings Inc. (NASDAQ:SNTG) rose 17.3% to $2.65 in pre-market trading after dipping around 6% on Wednesday.
• LiveWire Group, Inc. (NASDAQ:LVWR) gained 11.4% to $7.60 in pre-market trading after gaining 5% on Wednesday.
• Guess?, Inc. (NYSE:GES) shares rose 11% to $28.80 in pre-market trading as the company reported better-than-expected fourth-quarter financial results and declared a special dividend of $2.25 per share.
• argenx SE (NASDAQ:ARGX) gained 10.5% to $394.31 in pre-market trading.

Losers

• Movella Holdings Inc. (NASDAQ:MVLA) dipped 57.9% to $0.1205 in pre-market trading after the company revealed voluntary delisting from the Nasdaq.
• Abits Group Inc. (NASDAQ:ABTS) fell 27.6% to $0.6042 in pre-market trading after gaining 14% on Wednesday.
• ETAO International Co., Ltd. (NASDAQ:ETAO) fell 17.8% to $0.2220 pre-market trading after jumping over 88% on Wednesday. The company announced a reverse stock split.
• Biophytis S.A. (NASDAQ:BPTS) fell 14.1% to $0.3860 in pre-market trading after surging around 20% on Wednesday.
• Wearable Devices Ltd. (NASDAQ:WLDS) declined 13.6% to $0.5730 in pre-market trading after surging 5% on Wednesday. Wearable Devices recently published a report saying the Mudra Band ‘Can Be the Neural Bridge for Apple and Meta in their Next Wave of Smart Glasses Interaction.’
• Five Below, Inc. (NASDAQ:FIVE) fell 12.9% to $182.00 pre-market trading after the company reported fourth-quarter financial results.
• LexinFintech Holdings Ltd. (NASDAQ:LX) shares tumbled 12.6% to $1.87 in pre-market trading following fourth-quarter financial results.
• Avinger, Inc. (NASDAQ:AVGR) shares fell 12.1% to $2.90 in pre-market trading following fourth-quarter results.
• Ontrak, Inc. (NASDAQ:OTRK) shares tumbled 11.4% to $0.28 after dipping 28% on Wednesday.
• AEye, Inc. (NASDAQ:LIDR) shares fell 10.7% to $1.33 in pre-market trading. AEye is expected to release its financial results for the fourth quarter after the closing bell on March 26, 2024.

 

Now Read This: Micron, Accenture And 3 Stocks To Watch Heading Into Thursday

 

The most oversold stocks in the information technology 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.

CalAmp Corp. (NASDAQ:CAMP)

• On Jan. 26, CalAmp announced a 1-for-23 reverse stock split. The company’s stock fell around 15% over the past five days and has a 52-week low of $2.29 .
• RSI Value: 19.61
• CAMP Price Action: Shares of CalAmp fell 5.5% to close at $2.74 on Wednesday.

Luna Innovations Incorporated (NASDAQ:LUNA)

• On March 12, Luna Innovations announced that it will delay the release of its fourth-quarter and FY23 financial results. and said financial statements for the quarters ended Jun. 30 and Sept. 30 should no longer be relied upon. The company’s stock fell around 45% over the past month. It has a 52-week low of $3.56.
• RSI Value: 25.18
• LUNA Price Action: Shares of Luna Innovations gained 1% to close at $3.92 on Wednesday.

Methode Electronics, Inc. (NYSE:MEI)

• On March 7, Methode Electronics reported worse-than-expected third-quarter financial results and suspended guidance. The company’s stock fell around 44% over the past month and has a 52-week low of $11.26.
• RSI Value: 20.77
• MEI Price Action: Shares of Methode Electronics gained 1.9% to close at $12.23 on Wednesday.

 

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With U.S. stock futures trading higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:

Wall Street expects Accenture plc (NYSE:ACN) to report quarterly earnings at $2.66 per share on revenue of $15.84 billion before the opening bell, according to data from Benzinga Pro. Accenture shares gained 1.7% to $387.00 in after-hours trading.

Guess?, Inc. (NYSE:GES) reported better-than-expected fourth-quarter financial results and declared a special dividend of $2.25 per share. Guess shares jumped 11.8% to $29.00 in the after-hours trading session.

Analysts are expecting NIKE, Inc. (NYSE:NKE) to have earned 74 cents per share on revenue of $12.29 billion for the latest quarter. The company will release earnings after the markets close. Nike shares rose 0.3% to $100.58 in after-hours trading.

Check out our premarket coverage here

Micron Technology, Inc. (NASDAQ:MU) reported upbeat results for its second quarter and issued strong third-quarter guidance. Micron shares jumped 18.2% to $113.75 in the after-hours trading session.

Analysts expect FedEx Corporation (NYSE:FDX) to post quarterly earnings at $3.46 per share on revenue of $22.06 billion after the closing bell. FedEx shares rose 0.3% to $260.75 in the after-hours trading session.

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

• Keybanc boosted the price target for Netflix, Inc. (NASDAQ:NFLX) from $580 to $705. Keybanc analyst Justin Patterson maintained an Overweight rating. Netflix shares gained 0.4% to close at $620.74 on Tuesday. See how other analysts view this stock.
• Citigroup increased the price target for International Paper Company (NYSE:IP) from $36 to $46. Citigroup analyst Anthony Pettinari upgraded the stock from Neutral to Buy. International Paper shares jumped 11% to close at $38.77 on Tuesday. See how other analysts view this stock.
• Telsey Advisory Group raised Best Buy Co., Inc. (NYSE:BBY) price target from $85 to $95. Telsey Advisory Group analyst Joseph Feldman upgraded the stock from Market Perform to Outperform. Best Buy shares rose 1.4% to close at $78.23 on Tuesday. See how other analysts view this stock.
• Citigroup raised the price target for NVIDIA Corporation (NASDAQ:NVDA) from $820 to $1,030. Citigroup analyst Atif Malik maintained a Buy rating. NVIDIA shares gained 1.1% to close at $893.98 on Tuesday. See how other analysts view this stock.
• BMO Capital raised Hilton Worldwide Holdings Inc. (NYSE:HLT) price target from $203 to $215. BMO Capital analyst Ari Klein maintained a Market Perform rating. Hilton Worldwide shares rose 0.8% to close at $208.12 on Tuesday. See how other analysts view this stock.
• Piper Sandler boosted the price target for Cisco Systems, Inc. (NASDAQ:CSCO) from $47 to $51. Piper Sandler analyst James Fish maintained a Neutral rating. Cisco shares fell 0.3% to close at $49.14 on Tuesday. See how other analysts view this stock.
• Benchmark boosted Tencent Music Entertainment Group (NYSE:TME) price target from $9 to $14. Benchmark analyst Fawne Jiang maintained a Buy rating. Tencent Music Entertainment shares gained 6.4% to close at $11.04 on Tuesday. See how other analysts view this stock.
• Loop Capital boosted Core & Main, Inc. (NYSE:CNM) price target from $58 to $64. Loop Capital analyst Jeffrey Stevenson maintained a Buy rating. Core & Main shares gained 7.5% to close at $54.49 on Tuesday. See how other analysts view this stock.
• Mizuho raised Chevron Corporation (NYSE:CVX) price target from $195 to $200. Mizuho analyst Nitin Kumar maintained a Buy rating. Chevron shares gained 0.8% to close at $156.62 on Tuesday. See how other analysts view this stock.
• Wells Fargo raised JPMorgan Chase & Co. (NYSE:JPM) price target from $200 to $220. Wells Fargo analyst Mike Mayo maintained an Overweight rating. JPMorgan shares rose 0.6% to close at $193.79 on Tuesday. See how other analysts view this stock.

 

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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga’s extensive database of analyst ratings, including by analyst accuracy .

Below are the ratings of the most accurate analysts for three high-yielding stocks in the communication services sector.

TEGNA Inc. (NYSE:TGNA)

• Dividend Yield: 3.22%
• JP Morgan analyst David Karnovsky maintained a Neutral rating and cut the price target from $17 to $15 on March 1, 2024. This analyst has an accuracy rate of 67%.
• Wells Fargo analyst Steven Cahall maintained an Equal-Weight rating and lowered the price target from $17 to $15 on Feb. 9, 2024. This analyst has an accuracy rate of 60%.
• Recent News: TEGNA said it will host a conference call to discuss its first quarter 2024 earnings results on May 8, 2024.

Omnicom Group Inc. (NYSE:OMC)

• Dividend Yield: 3.00%
• Wells Fargo analyst Steven Cahall maintained an Equal-Weight rating and raised the price target from $85 to $91 on Feb. 7, 2024. This analyst has an accuracy rate of 60%.
• Barclays analyst Julien Roch maintained an Equal-Weight rating and boosted the price target from $95 to $100 on Jan. 29, 2024. This analyst has an accuracy rate of 61%.
• Recent News: On Feb. 28, Omnicom priced its €600 million senior notes offering.

Sinclair, Inc. (NASDAQ:SBGI)

• Dividend Yield: 8.60%
• Rosenblatt analyst Barton Crockett maintained a Neutral rating and raised the price target from $10.4 to $15.7 on Jan. 18, 2024. This analyst has an accuracy rate of 65%.
• Deutsche Bank analyst Bryan Kraft maintained a Hold rating and cut the price target from $18 to $17 on Aug. 15, 2023. This analyst has an accuracy rate of 65%.
• Recent News: On Feb. 28, Sinclair posted weaker-than-expected quarterly results.

 

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