Top 4 Materials Stocks Which Could Rescue Your Portfolio This Month

Core Viewpoint - The materials sector has several oversold stocks, presenting potential buying opportunities for undervalued companies, as indicated by their low Relative Strength Index (RSI) values [1]. Group 1: Company Performance - Ingevity Corp (NGVT) reported weaker-than-expected quarterly results, with a stock price decline of approximately 22% over the past five days and a current RSI of 18.64. The stock closed at $35.41 on Monday, down 14.1% [3]. - Posco Holdings Inc (PKX) experienced a stock price drop of around 10% in the last five days, with a 52-week low of $58.00 and an RSI of 19.33. The shares closed at $58.66 on Monday, down 9.2% [4]. - MP Materials Corp (MP) reported disappointing second-quarter financial results, leading to a 21% decline in stock price over the past five days. The current RSI is 20.10, with shares closing at $10.52 on Monday, down 5.8% [5]. - Stepan Co (SCL) also posted worse-than-expected second-quarter results, resulting in an 18% stock price drop over the past five days. The RSI stands at 19.84, with shares closing at $73.00 on Monday, down 6.5% [6]. Group 2: Market Indicators - The RSI is a momentum indicator that helps traders assess stock performance by comparing price strength on up days versus down days. A stock is generally considered oversold when the RSI is below 30 [1].