Core Insights - The communication services sector has several oversold stocks, presenting potential buying opportunities for undervalued companies [1][2] Group 1: Oversold Stocks - Trade Desk Inc (NASDAQ:TTD) has an RSI of 29.8, with a recent stock price of $39.09 after a 27% decline over the past month [7] - Zhihu Inc – ADR (NYSE:ZH) has an RSI of 29.3, with a recent stock price of $3.71 after a 15% decline over the past month [7] - Spotify Technology SA (NYSE:SPOT) has an RSI of 28.7, with a recent stock price of $585.47 after an 8% decline over the past five days [7] Group 2: Financial Performance - Trade Desk reported quarterly earnings of 45 cents per share, exceeding the consensus estimate of 44 cents, with revenue of $739.43 million, an 18% year-over-year growth [7] - Zhihu reported a year-over-year decrease in third-quarter financial results but is on track for full-year non-GAAP breakeven [7] - Spotify reported better-than-expected third-quarter financial results, despite a recent stock price decline [7]
Top 3 Tech And Telecom Stocks Which Could Rescue Your Portfolio For Q4 - Spotify Technology (NYSE:SPOT), Trade Desk (NASDAQ:TTD)