Top 3 Consumer Stocks That Could Blast Off 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.

Petco Health and Wellness Company Inc WOOF

On Jan. 21, Morgan Stanley analyst Simeon Gutman maintained Petco Health and Wellness with an Equal-Weight rating and lowered the price target from $6 to $5. The company's stock fell around 23% over the past month and has a 52-week low of $1.42.
RSI Value: 27.6
WOOF Price Action: Shares of Petco Health fell 3.9% to close at $2.94 on Thursday.
Benzinga Pro's real-time newsfeed alerted to latest WOOF news.

Hanesbrands Inc. HBI

On Feb. 13, Hanesbrands reported worse-than-expected fourth-quarter sales results and issued FY25 sales guidance below estimates. Also, the company issued first-quarter guidance below estimates. HanesBrands also announced today that Steve Bratspies will depart as Chief Executive Officer at the end of 2025, or upon the appointment of his successor. Bratspies will step down from the Board concurrent with the end of his tenure as CEO. The company's stock fell around 26% over the past month and has a 52-week low of $4.06.
RSI Value: 15.4
HBI Price Action: Shares of Hanesbrands fell 18.5% to close at $6.25 on Thursday.
Benzinga Pro’s charting tool helped identify the trend in HBI stock.

Hyatt Hotels Corporation H

On Feb. 13, the company reported fourth-quarter adjusted earnings per share of 42 cents, missing the street view of 78 cents. Quarterly sales of $1.602 billion missed the analyst consensus estimate of $1.658 billion. The company's stock fell around 12% over the past five days and has a 52-week low of $125.78.
RSI Value: 26.3
H Price Action: Shares of Hyatt fell 1.1% to close at $279.45 on Wednesday.
Benzinga Pro’s signals feature notified of a potential breakout in H shares.