Top 3 Financials Stocks That Could Blast Off In Q3

The most oversold stocks in the financials 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.

Charles Schwab Corporation SCHW

• On July 16, Charles Schwab reported second-quarter 2024 results. Adjusted net income declined 2% Y/Y to $1.465 billion. Walt Bettinger, Co-Chairman and CEO, said, "Client interest in our broad array of wealth solutions remained strong through June. Year-to-date enrollments are up ~30% versus the prior year period and net flows into Managed Investing solutions reached $25 billion – an increase of 56% versus the first 6 months of 2023." The company's stock fell around 9% over the past five days and has a 52-week low of $48.66.
• RSI Value: 28.00
• SCHW Price Action: Shares of Charles Schwab fell 10.2% to close at $67.43 on Tuesday.
• Benzinga Pro's real-time newsfeed alerted to latest Charles Schwab news.

DigiAsia Corp FAAS 

• On June 24, DigiAsia announced its subsidiary, Digi Tech, secured allocation of 5,120 NVIDIA H200 GPUs for the development of AI solutions. The company's stock fell around 57% over the past month. It has a 52-week low of $3.17.
• RSI Value: 27.25
• FAAS Price Action: Shares of DigiAsia fell 2.9% to close at $3.30 on Tuesday.
• Benzinga Pro's charting tool helped identify the trend in FAAS stock.

LPL Financial Holdings Inc LPLA

• On July 11, JP Morgan analyst Michael Cho maintained LPL Finl with a Neutral and raised the price target from $261 to $268. The company's stock dipped around 12% over the past five days and has a 52-week low of $200.18.
• RSI Value: 19.18
• LPLA Price Action: Shares of LPL Financial fell 9.2% to close at $239.63 on Tuesday.
• Benzinga Pro's signals feature notified of a potential breakout in LPL Financial shares.

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