Top 5 Defensive Stocks Which Could Rescue Your Portfolio This Quarter

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.

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

Vector Group Ltd. VGR

• Vector Group posted worse-than-expected second-quarter results. "Vector Group performed well in the first half of 2023 as we continued to benefit from the gradual transition of our Montego brand strategy," said Howard M. Lorber, President and Chief Executive Officer of Vector Group Ltd. The company’s stock has a 52-week low of $8.64 .
• RSI Value: 29.17
• VGR Price Action: Shares of Vector Group fell 0.8% to close at $10.99 on Monday.

Ingredion Incorporated INGR

• Ingredion reported second-quarter FY23 sales growth of 1.2% year-on-year to $2.07 billion, missing the analyst consensus of $2.20 billion. "Net sales growth of specialty ingredients was driven by price and customer mix. Overall, Ingredion's specialty ingredients led total net sales growth for the Company, reflecting ongoing demand for healthy and natural ingredients, such as solutions to enable sugar reduction," said President and CEO Jim Zallie. It has a 52-week low of $78.81.
• RSI Value: 23.93
• INGR Price Action: Shares of Ingredion fell 0.1% to close at $98.59 on Monday.

The Hershey Company HSY

• Hershey reported second-quarter FY23 sales growth of 5%year-on-year to $2.49 billion, marginally missing the consensus of $2.50 billion. "Our categories continue to perform well as consumer demand for great tasting snacks remains resilient across the globe," said President and CEO Michele Buck. The company’s stock has a 52-week low of $211.49.
• RSI Value: 28.08
• HSY Price Action: Shares of Hershey gained 0.4% to close at $224.36 on Monday.

Lamb Weston Holdings, Inc. LW

• Lamb Weston reported fourth-quarter net sales of $1.695 billion, up 47% year over year. "For fiscal 2024, in addition to the incremental sales from the recently-acquired European operations, we expect to deliver solid sales growth, largely driven by pricing actions and favorable mix, and earnings growth that reflects expected improvements in performance in both our legacy Lamb Weston and European operations," said Tom Werner, President and CEO. Net sales beat the analyst consensus of $1.660 billion. The company’s 52-week low is $74.91.
• RSI Value: 23.38
• LW Price Action: Shares of Lamb Weston rose 0.4% to close at $97.20 on Monday.

Nu Skin Enterprises, Inc. NUS

• Nu Skin Enterprises posted upbeat quarterly earnings. "Our second quarter results improved sequentially and landed within our guidance range, driven in large part by year-over-year gains in Mainland China and our Rhyz segments," said Ryan Napierski, Nu Skin president and CEO. The company has a 52-week low of $24.56.
• RSI Value: 25.90
• NUS Price Action: Shares of Nu Skin Enterprises gained 0.5% to close at $25.31 on Monday.

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