Top 5 Risk Off Stocks That Could Lead To Your Biggest Gains in June

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.

The Kraft Heinz Company KHC

• Piper Sandler maintained Kraft Heinz with a Neutral and lowered the price target from $43 to $41. The company’s stock has a 52-week low of $32.73 .
• RSI Value: 18.86
• KHC Price Action: Shares of Kraft Heinz rose 0.1% to close at $37.26 on Tuesday.

Campbell Soup Company CPB

• Campbell Soup reported third-quarter FY23 net sales and organic sales growth of 5% year-over-year to $2.229 billion, missing the consensus of $2.23 billion. "Our third-quarter results were in line with our expectations and were driven by in-market momentum, continued best-in-class supply chain execution and favorable inflation-driven net price realization, all despite the anticipated challenging comparison from the prior year's retailer inventory rebuild," said Campbell's President and CEO, Mark Clouse. It has a 52-week low of $44.76.
• RSI Value: 25.48
• CPB Price Action: Shares of Campbell Soup fell 1.9% to close at $45.32 on Wednesday.

Vital Farms, Inc VITL

• Vital Farms reported better-than-expected first-quarter financial results and maintained FY23 guidance. “2023 is off to a tremendous start, as we achieved the highest net revenue and Adjusted EBITDA in a single quarter in Vital Farms' history at $119.2 million and $13.9 million, respectively,” said Russell Diez-Canseco, Vital Farms’ President and CEO. The company’s stock has a 52-week low of $8.04.
• RSI Value: 24.35
• VITL Price Action: Shares of Vital Farms fell 1.8% to close at $11.79 on Wednesday.

Fresh Del Monte Produce Inc. FDP

• Fresh Del Monte Produce posted downbeat quarterly results. "Our first quarter results of 2023 are a testament to our focus on profitability as we continue to commit to efficiency and optimization of resources. Our gross profit and margin were strong, which reflects our ongoing strategic efforts to further increase our profitability," said Mohammad Abu-Ghazaleh, Fresh Del Monte’s Chairman and Chief Executive Officer. The company’s 52-week low is $23.09.
• RSI Value: 28.12
• FDP Price Action: Shares of Fresh Del Monte Produce fell 2% to close at $25.15 on Wednesday.

United Natural Foods, Inc. UNFI

• United Natural Foods disclosed a partnership with RELEX Solutions to enhance demand planning capabilities and procurement efficiencies. "As part of UNFI's multi-faceted transformation agenda, we're continuing to implement cutting-edge technology to improve the customer and supplier experience, while increasing operating efficiency," says Erin Horvath, Chief Operating Officer at UNFI. The company has a 52-week low of $19.62.
• RSI Value: 27.86
• UNFI Price Action: Shares of United Natural Foods fell 2.3% to close at $19.82 on Wednesday.

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