Top 5 Consumer Stocks Which You'll Regret Missing In Q1 2023

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.

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

Aramark ARMK

• Aramark entered into an exclusive new partnership with the Healthcare Plus Solutions Group (HPSG), led by Quint Studer and Dan Collard. The company’s stock has a 52-week low of $ 28.74 .
• RSI Value: 27.96
• ARMK Price Action: Shares of Aramark fell 0.1% to close at $38.30 on Friday.

Capri Holdings Ltd CPRI

• Capri Holdings reported a third-quarter FY23 sales decline of 6% year-on-year to $1.51 billion, missing the consensus of $1.53 billion. The company’s stock has a 52-week low of $36.90.
• RSI Value: 28.80
• CPRI Price Action: Shares of Capri Holdings fell 0.1% to close at $50.32 on Friday and lost 0.4% in after-hours trading.

iRobot Corporation IRBT

• iRobot posted a Q4 loss of $1.52 per share. The company’s stock has a 52-week low of $35.41.
• RSI Value: 19.23
• IRBT Price Action: Shares of iRobot fell 1.3% to close at $41.19 on Friday.

Chegg Inc CHGG

• Chegg issued weak first-quarter and FY23 guidance.. The company’s 52-week low is $15.66.
• RSI Value: 23.92
• CHGG Price Action: Shares of Chegg fell 1.7% to close at $16.36 on Friday and lost 0.3% in after-hours trading.

Selina Hospitality PLC SLNA

• Northland Capital Markets, during January, initiated coverage on Selina Hospitality with an Outperform rating. The company has a 52-week low of $2.50.
• RSI Value: 28.53
• SLNA Price Action: Shares of Selina Hospitality dropped 4.2% to close at $2.74 on Friday.

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