When it comes to finding diamonds in the rough in the industrials sector, it’s akin to a high-stakes treasure hunt. The pullback of certain stocks could be just the opportunity that savvy investors have been waiting for.
Core & Main Inc
- Core & Main recently encountered stormy waters with an underwhelming second-quarter report, dampening investor sentiment. The company’s stock took a hit, plunging approximately 22% over the past month to reach a 52-week low of $27.75.
- RSI Value: 25.50
- Price Action (CNM): Shares of Core & Main retreated 0.5% to close at $38.12 on Tuesday.
Avis Budget Group Inc
- For Avis Budget Group, recent ups and downs led to a 19% dip in its stock value over the last month, hovering near its 52-week low of $65.73.
- RSI Value: 26.27
- Price Action (CAR): Avis Budget Group shares descended 3.2% to conclude at $67.43 on Tuesday.
Golden Ocean Group Ltd
- Golden Ocean Group managed to stay afloat with better-than-expected quarterly earnings, despite turbulent market conditions. Although its shares sailed down by around 7% in the last month, hitting a 52-week low of $7.09.
- RSI Value: 29.58
- Price Action (GOGL): Golden Ocean Group saw its shares slip 3.3% to end at $11.06 on Tuesday.
When the going gets tough, the tough get going. These industrial stocks may be down, but they are certainly not out. With careful analysis and timely decision-making, investors might just witness a phoenix-like rise from these potential bargains.