Top 5 Consumer Stocks That Could Blast Off In Q1

The most oversold stocks in the consumer discretionary 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.

Mobileye Global Inc. MBLY

• On Jan. 25, Mobileye Global Inc MBLY reported a fiscal fourth-quarter 2023 revenue growth of 13% year-on-year to $637.0 million, missing the consensus of $639.8 million. The company’s stock fell around 13% over the past month and has a 52-week low of $25.32 .
• RSI Value: 28.89
• MBLY Price Action: Shares of Mobileye Global gained 3% to close at $26.57 on Friday.

Cazoo Group Ltd CZOO

• On Dec. 18, Cazoo Group said it will need to raise additional capital before beginning of second half of 2024 in order to satisfy our liquidity needs going forward. The company’s stock fell around 48% over the past month. It has a 52-week low of $3.72.
• RSI Value: 24.70
• CZOO Price Action: Shares of Cazoo Group rose 2.4% to close at $4.23 on Friday.

WW International, Inc. WW

• On Dec. 14, WW International announced the launch of WeightWatchers GLP-1 Program, which will offer customized behavioral support for individuals on a GLP-1 medication. The company’s stock fell around 38% over the past month and has a 52-week low of $3.46.
• RSI Value: 27.90
• WW Price Action: Shares of WW International gained 1.7% to close at $4.02 on Friday.

Tesla, Inc. TSLA

• On Jan. 24, Tesla reported fourth-quarter revenue of $25.17 billion, which was up 3% year-over-year. The revenue missed a Street consensus estimate of $25.62 billion. The company reported earnings per share of 71 cents, which missed a Street consensus estimate of 74 cents per share. The company’s shares lost around 21% over the past month. The company’s 52-week low is $152.37.
• RSI Value: 27.24
• TSLA Price Action: Shares of Tesla fell 0.5% to close at $187.91 on Friday.

PDD Holdings Inc. PDD

• The company’s shares fell around 9% over the past five days. The company has a 52-week low of $59.67.
• RSI Value: 28.55
• PDD Price Action: Shares of PDD fell 1.6% to close at $124.59 on Friday.

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