Top 3 Risk Off Stocks Which Could Rescue Your Portfolio For Q4

The most oversold stocks in the consumer staples 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.

PepsiCo Inc PEP

• On Dec. 12, Deutsche Bank analyst Steve Powers upgraded PepsiCo from Hold to Buy and raised the price target from $179 to $184. The company's stock fell around 7% over the past month and has a 52-week low of $149.71.
• RSI Value: 26.8                          
• PEP Price Action: Shares of PepsiCo fell 0.8% to close at $151.72 on Monday.
• Benzinga Pro's real-time newsfeed alerted to latest PEP news.

Mondelez International Inc MDLZ 

• On Dec. 11, Mondelez International Board of Directors approved a new share repurchase program of up to $9 billion in Class A common stock, effective January 1, 2025, and lasting until December 31, 2027. This new authorization will replace the current $6 billion program, of which approximately $2.8 billion remains and would otherwise expire at the end of 2025. The company's stock fell around 9% over the past month and has a 52-week low of $58.90.
• RSI Value: 21.7
• MDLZ Price Action: Shares of Mondelez fell 1.1% to close at $59.56 on Monday.
• Benzinga Pro’s charting tool helped identify the trend in MDLZ stock.

Archer-Daniels-Midland Co ADM

• On Dec. 11, ADM extended its share repurchase program through 2029, authorizing an additional 100 million shares for a total of 300 million. The company's stock fell around 8% over the past month and has a 52-week low of $48.92.
• RSI Value: 28.6
• ADM Price Action: Shares of Archer-Daniels-Midland slipped 1% to close at $50.07 on Monday.
• Benzinga Pro’s signals feature notified of a potential breakout in ADM shares.

Read This Next:

• Top 3 Tech Stocks That May Fall Off A Cliff This Quarter