Top 4 Financial Stocks That May Rocket Higher In July

The most oversold stocks in the financial 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.

Carver Bancorp, Inc. CARV

• The company’s stock dropped 34% over the past month. The company’s stock has a 52-week low of $2.61 .
• RSI Value: 26.28
• CARV Price Action: Shares of Carver Bancorp fell 1.5% to close at $2.67 on Friday.

Waterdrop Inc. WDH

• Waterdrop agreed to acquire up to 100% of equity interest of Cunzhen Qiushi for aggregate $52.6162 million. It has a 52-week low of $0.87.
• RSI Value: 28.03
• WDH Price Action: Shares of Waterdrop fell 0.5% to close at $2.08 on Friday.

Senmiao Technology Limited AIHS

• Senmiao Technology reported ride-hailing platform operating metrics for May 2023. Senmiao and its affiliates recorded around 0.8 million total completed orders for the month. The company’s stock has a 52-week low of $0.45.
• RSI Value: 25.52
• AIHS Price Action: Shares of Senmiao Technology dipped 10.8% to close at $0.4681 on Friday.

CaliberCos Inc. CWD

• CaliberCos first-quarter revenue jumped 21.5% year-over-year to $29.5 million. "Our growth trajectory continued in the first quarter, with consolidated revenue growth of 21.5% and FV AUM growth of over 30%. We continued to deploy capital into attractively priced real estate assets as well as expand our reach with RIAs and broker-dealers through our new wholesaling initiative," said Chris Loeffler, CEO of CaliberCos Inc. The company’s 52-week low is $1.81.
• RSI Value: 26.28
• CWD Price Action: Shares of CaliberCos fell 0.5% to close at $1.92 on Friday.