Top 3 Risk Off Stocks Which Could Rescue Your Portfolio This Quarter

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, according to Benzinga Pro.

Here's the latest list of major oversold players in this sector, having an RSI near or below 30.

Coty Inc COTY

On Feb. 10, Coty missed second-quarter earnings and revenue estimates. Sue Nabi, Coty’s CEO, said, “As we are now midway through our fiscal year, it is clear that FY25 is shaping up to be a pivotal year. On the one hand, the global beauty market continues to grow at a healthy pace, even if growth has moderated off of the elevated levels of the last few years, which benefited from more material pricing increases. And in this backdrop, fragrances of all price points continue to outperform most other beauty categories, which strongly benefits Coty’s business as fragrances account for over 60% of our revenues and an even bigger portion of our profits." The company's stock fell around 23% over the past month and has a 52-week low of $5.54.
RSI Value: 21.7
COTY Price Action: Shares of Coty fell 3% to close at $5.58 on Friday.
Benzinga Pro's real-time newsfeed alerted to latest COTY news.

elf Beauty Inc ELF

On Feb. 6, e.l.f. Beauty reported quarterly earnings of 74 cents per share, which met the analyst consensus estimate and is unchanged from the same period last year. Quarterly revenue came in at $355.32 million, which beat the analyst consensus estimate of $329.67 million and is an increase over sales of $270.94 million from the same period last year. The company's stock fell around 38% over the past month and has a 52-week low of $63.50.
RSI Value: 15.4
ELF Price Action: Shares of elf Beauty fell 2.6% to close at $73.00 on Friday.
Benzinga Pro’s charting tool helped identify the trend in ELF stock.

Cal-Maine Foods Inc CALM

On Feb. 3, Cal-Maine Foods announced the acquisition of Feed Mill Operations in North Carolina. The company's stock fell around 17% over the past month and has a 52-week low of $54.88.
RSI Value: 27.5
CALM Price Action: Shares of Cal-Maine fell 1.1% to close at $279.45 on Wednesday.
Benzinga Pro’s signals feature notified of a potential breakout in CALM shares.