Top 5 Industrials Stocks That May Explode This Quarter

The most oversold stocks in the industrials 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.

Nordson Corporation NDSN

• On May 20, Nordson posted mixed second-quarter earnings and soft third-quarter revenue guidance. Nordson President and Chief Executive Officer Sundaram Nagarajan said, “Once again, the teams delivered a solid operating performance, delivering strong gross margins and 31% EBITDA margin.” The company's stock fell around 11% over the past five days and has a 52-week low of $208.91.
• RSI Value: 29.16
• NDSN Price Action: Shares of Nordson fell 9.4% to close at $243.14 on Tuesday.

Allegiant Travel Company ALGT   

• On May 7, Allegiant Travel posted better-than-expected quarterly earnings. “We finished the quarter with diluted earnings per share, excluding special charges, of 57 cents,” stated Maurice J. Gallagher, Jr., chairman and CEO of Allegiant Travel Company. “The peak demand environment remained strong throughout the quarter, with TRASM representing the second best first quarter TRASM in company history.” The company's stock fell around 17% over the past five days. It has a 52-week low of $48.41.
• RSI Value: 29.43
• ALGT Price Action: Shares of Allegiant Travel fell 2.6% to close at $49.04 on Tuesday.

J.B. Hunt Transport Services, Inc. JBHT

• On April 16, J.B. Hunt Transport reported first-quarter 2024 results. Operating revenue fell 9% Y/Y to $2.94 billion, missing the consensus of $3.12 billion.. The company's stock fell around 6% over the past five days and has a 52-week low of $156.70.
• RSI Value: 28.35
• JBHT Price Action: Shares of J.B. Hunt fell 2.9% to close at $159.36 on Tuesday.

LegalZoom.com, Inc. LZ

• On May 7, LegalZoom.com reported worse-than-expected first-quarter financial results and issued second-quarter revenue guidance below estimates. The company's shares lost around 30% over the past month. The company's 52-week low is $8.37.
• RSI Value: 22.29
• LZ Price Action: Shares of LegalZoom fell 3% to close at $8.49 on Tuesday.

Paycor HCM, Inc. PYCR

• On May 8, Paycor HCM posted better-than-expected third-quarter earnings. "We delivered another strong quarter as our differentiated HCM solution that powers people and performance continued to resonate in the market," said Raul Villar, Jr., Chief Executive Officer of Paycor. "Recurring revenue excluding form filings grew 20% year-over-year, driven by continued success up-market while increasing Embedded HCM partnerships." The company's shares fell around 19% over the past month. The company has a 52-week low of $13.80.
• RSI Value: 27.03
• PYCR Price Action: Shares of Paycor HCM fell 1.3% to close at $13.96 on Tuesday.

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