Top 3 Consumer Stocks That Could Lead To Your Biggest Gains In Q4

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.

Lotus Technology Inc – ADR LOT

• On Dec. 2, Lotus Technology reported delivery of 9,871 vehicles in the first eleven months of 2024. The company's stock fell around 16% over the past month and has a 52-week low of $3.35.
• RSI Value: 26.97                        
• LOT Price Action: Shares of Lotus Technology fell 0.6% to close at $3.64 on Wednesday.
• Benzinga Pro's real-time newsfeed alerted to latest LOT news.

Hamilton Beach Brands Holding Co HBB        

• On Oct.30, Hamilton Beach Brands posted third-quarter earnings of 14 cents per share, down from 74 cents per share in the year-ago period. The company's stock fell around 11% over the past five days and has a 52-week low of $14.34.
• RSI Value: 29.54
• HBB Price Action: Shares of Hamilton Beach Brands fell 0.8% to close at $17.66 on Wednesday.
• Benzinga Pro’s charting tool helped identify the trend in HBB stock.

Krispy Kreme Inc DNUT

• On Nov. 7, the company reported third-quarter adjusted earnings per share of a loss of one cent, missing the analyst consensus of one cent earnings. Krispy Kreme continues to project FY24 net revenue between $1.65 billion and $1.685 billion, compared with the street view of $1.675 billion. The company's stock fell around 11% over the past month and has a 52-week low of $9.18.
• RSI Value: 29.21
• DNUT Price Action: Shares of Krispy Kreme fell 0.8% to close at $10.03 on Wednesday.
• Benzinga Pro’s signals feature notified of a potential breakout in DNUT shares.

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