Top 4 Consumer Stocks That Are Set To Fly This Month

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, according to Benzinga Pro.

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

Caleres Inc CAL

On Jan. 13, Caleres updated its fiscal year 2024 outlook, now seeing consolidated net sales to be down 3.0% to 3.5% and adjusted diluted earnings per share in the range of $3.20 to $3.30. “We entered the holiday period encouraged by the broad positive momentum in our athletic business at Famous Footwear. However, sales trends softened in mid-December and into January, and were below our expectations. Based on quarter-to-date trends, including the impact of weather-related closures at Famous Footwear, we now anticipate that full year sales and earnings will be below our most recent guidance,” said Jay Schmidt, President and Chief Executive Officer. The company' stock fell around 18% over the past month and has a 52-week low of $18.67.
RSI Value: 25.5
CAL Price Action: Shares of Caleres gained 0.2% to close at $19.07 on Thursday.
Benzinga Pro's real-time newsfeed alerted to latest CAL news.

Whirlpool Corp WHR

On Jan. 29, Whirlpool reported worse-than-expected fourth-quarter revenue results and issued FY25 guidance below estimates. “In 2024, we continued to make progress in our operations and delivered on our cost take out commitment of $300 million while achieving the closure of the Europe transaction, supporting our ongoing portfolio transformation,” Whirlpool CEO Marc Bitzer said. The company's stock fell around 18% over the past five days and has a 52-week low of $84.18.
RSI Value: 20.1
WHR Price Action: Shares of Whirlpool dipped 16.5% to close at $108.39 on Thursday.
Benzinga Pro’s charting tool helped identify the trend in WHR stock.

LiveWire Group Inc LVWR

LiveWire Group will release its fourth quarter and year-end financial results before the opening bell on Wednesday, Feb. 5. The company's stock fell around 30% over the past month and has a 52-week low of $3.23.
RSI Value: 27.3
LVWR Price Action: Shares of LiveWire Group gained 1.8% to close at $3.35 on Thursday.
Benzinga Pro’s signals feature notified of a potential breakout in LVWR shares.

Monro Inc MNRO

On Jan. 29, Monro reported worse-than-expected third-quarter financial results. Also, the company announced that it is not providing its FY25 financial guidance. “We drove a sequential improvement in our year-over-year comparable store sales percentage change from the second quarter and returned our business to year-over-year comparable store sales growth in the month of December, when adjusted for a shift in the timing of the Christmas holiday. Importantly, the year-over-year comparable store sales percentage change in both our tire dollar and unit sales improved sequentially from the second quarter and our tire category comped positive in the month of December, when adjusted for the holiday shift, with year-over-year growth in units in the quarter,” said Mike Broderick, President and Chief Executive Officer. The company's shares lost around 21% over the past month. The company's 52-week low is $18.95.
RSI Value: 16.8
MNRO Price Action: Shares of Monro fell 3.5% to close at $19.60 on Thursday.
Benzinga Pro's earnings calendar was used to track upcoming MNRO earnings reports.

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