Top 5 Industrials Stocks Which Could Rescue Your Portfolio For August

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.

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

Laser Photonics Corporation LASE

• Laser Photonics posted second-quarter sales of $1.00 million. Wayne Tupuola, chief executive officer of Laser Photonics, commented, "Our second quarter was a mixed bag as sales, which given the capex and low volume nature of our business, were lumpy, but we benefited from continued strong gross margins." The company’s stock has a 52-week low of $1.50 .
• RSI Value: 24.01
• LASE Price Action: Shares of Laser Photonics fell 5.5% to close at $1.54 on Monday.

Intuitive Machines, Inc. LUNR

• Intuitive Machines reported a year-over-year decrease in second-quarter sales. Intuitive Machines CEO Steve Altemus said, “During the second quarter, we were laser-focused on the final assembly process in preparing IM-1 for launch. Our lunar lander is complete and will be prepared for delivery in September. The Company has secured a launch window from pad 39A, preserving a six-day launch window starting on November 15th.” It has a 52-week low of $4.79.
• RSI Value: 29.63
• LUNR Price Action: Shares of Intuitive Machines fell 3.6% to close at $4.80 on Monday.

3D Systems Corporation DDD

• 3D Systems reported a second-quarter revenue decline of 8.5% year-over-year to $128.2 million. Dr. Jeffrey Graves, President and CEO of 3D Systems stated, “Looking at the state of the additive manufacturing market today, it is increasingly clear to us that the industry is at an exciting inflection point, with 3D printing now moving into factory production environments world-wide.” The company’s stock has a 52-week low of $6.22.
• RSI Value: 24.66
• DDD Price Action: Shares of 3D Systems fell 2.9% to close at $6.28 on Monday.

Sun Country Airlines Holdings, Inc. SNCY

• Sun Country Airlines posted downbeat earnings for the second quarter. “Sun Country had an historically strong second quarter, in what is typically a seasonally weaker quarter for us,” said Jude Bricker, Chief Executive Officer of Sun Country. The company’s 52-week low is $13.25.
• RSI Value: 27.56
• SNCY Price Action: Shares of Sun Country Airlines fell 2.8% to close at $14.86 on Monday.

TDCX Inc. TDCX

• TDCX posted weaker-than-expected first-quarter earnings. Mr. Laurent Junique, Chief Executive Officer and Founder of TDCX, said, “We delivered a resilient set of results this quarter through our continued focus on operational excellence. Our efforts to deepen our support for existing clients are also showing results, as revenue from clients outside our top five rose 45 per cent year-on-year.” The company has a 52-week low of $5.82.
• RSI Value: 29.37
• TDCX Price Action: Shares of TDCX fell 2% to close at $5.93 on Monday.

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