Top 5 Materials Stocks You'll Regret Missing This Quarter

The most oversold stocks in the materials 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.

U.S. GoldMining Inc. USGO

• HC Wainwright & Co. recently initiated coverage on US Goldmining with a Buy rating and announced a price target of $20. The company’s stock has a 52-week low of $8.31 .
• RSI Value: 28.23
• USGO Price Action: Shares of U.S. GoldMining rose 1% to close at $9.67 on Wednesday.

Sealed Air Corporation SEE

• Sealed Air reported a second-quarter FY23 sales decrease of almost 3% year-on-year to $1.38 billion, missing the consensus of $1.42 billion. "We expect demand weakness to continue with second half volumes similar to first half of 2023," said Ted Doheny, SEE's President and CEO. It has a 52-week low of $33.82.
• RSI Value: 17.88
• SEE Price Action: Shares of Sealed Air rose 0.2% to close at $34.23 on Wednesday.

The Chemours Company CC

• Chemours posted better-than-expected second-quarter earnings. "Our second quarter performance underscores the strength of our industry-leading businesses despite increasing economic uncertainty. In Thermal & Specialized Solutions, we delivered record Net Sales and Adjusted EBITDA, and in Advanced Performance Materials demonstrated the strength of our Performance Solutions portfolio achieving double-digit growth," said Mark Newman, Chemours President and CEO. The company’s stock has a 52-week low of $23.58.
• RSI Value: 26.64
• CC Price Action: Shares of Chemours Company fell 0.1% to close at $32.01 on Wednesday.

Ecovyst Inc. ECVT

• Ecovyst reported lower-than-expected second-quarter revenue results and cut FY23 revenue guidance. "During the second quarter of 2023, high refinery utilization continued to support demand for our regeneration services and we benefited from higher net pricing for regeneration volume. In addition, and as anticipated, we saw stronger sales for emission control, hydrocracking and renewable fuel catalysts in our Catalyst Technologies segment, which also continued to benefit from previously implemented price increases," said Kurt J. Bitting, Ecovyst’s Chief Executive Officer. The company’s 52-week low is $8.20.
• RSI Value: 29.24
• ECVT Price Action: Shares of Ecovyst fell 0.5% to close at $9.55 on Wednesday.

MP Materials Corp. MP

• MP Materials posted better-than-expected second-quarter results. "In recent weeks, MP Materials has begun producing refined rare earth products at Mountain Pass, an important milestone for the Company and in returning the full rare earth supply chain to the United States. We expect to report NdPr oxide shipments in the current quarter," said James Litinsky, Founder, Chairman and CEO of MP Materials. The company has a 52-week low of $20.08.
• RSI Value: 29.07
• MP Price Action: Shares of MP Materials rose 0.2% to close at $20.41 on Wednesday.

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