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Top 3 Risk Off Stocks That May Explode This Month
BTIBAT(BTI) Benzinga·2024-10-04 11:00

Core Viewpoint - The consumer staples sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1] Group 1: Oversold Stocks - Farmer Bros Co (FARM) has an RSI of 27.27, with a stock price decline of around 30% over the past month and a 52-week low of 1.85[3]BritishAmericanTobaccoPLC(BTI)hasanRSIof24.49,withastockpricedropofapproximately61.85 [3] - British American Tobacco PLC (BTI) has an RSI of 24.49, with a stock price drop of approximately 6% over the past five days and a 52-week low of 28.25 [4] - Conagra Brands Inc (CAG) has an RSI of 25.52, with shares falling around 10% over the past five days and a 52-week low of $25.16 [5] Group 2: Company Performance - Farmer Bros reported better-than-expected fourth-quarter results, attributing improvements to a strategic focus on its DSD business [3] - British American Tobacco's H1 adjusted EPS decreased from 181.6p to 169.3p year-over-year [4] - Conagra Brands reaffirmed its fiscal 2025 guidance, projecting organic net sales to decline by 1.5% or remain flat compared to fiscal year 2024 [5]