Top 5 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.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

Stride, Inc. (NYSE: LRN)

• Stride reported better-than-expected third-quarter results and raised 2023 revenue guidance. The company’s stock has a 52-week low of $30.66 .
• RSI Value: 29.15
• LRN Price Action: Shares of Stride rose 0.1% to close at $37.26 on Tuesday.

Adtalem Global Education Inc. (NYSE: ATGE)

• Adtalem Glb Education posted better-than-expected quarterly results. “Our third quarter results showcase our unwavering commitment to provide access to high-quality, post-secondary and graduate level programs to nearly 80,000 diverse students and working adults,” said Steve Beard, president and CEO of Adtalem Global Education. It has a 52-week low of $34.11.
• RSI Value: 21.87
• ATGE Price Action: Shares of Adtalem Global Education fell 0.2% to close at $34.20 on Tuesday.

Strategic Education, Inc. (NASDAQ: STRA)

• Strategic Education reported mixed first-quarter financial results. "As we complete the first quarter, we are pleased with our progress toward enrollment, revenue, and earnings growth in 2023," said Karl McDonnell, Chief Executive Officer of Strategic Education. The company’s stock has a 52-week low of $59.92.
• RSI Value: 25.54
• STRA Price Action: Shares of Strategic Education fell 0.6% to close at $69.83 on Tuesday.

Canoo Inc. (NASDAQ: GOEV)

• Canoo posted a narrower-than-expected quarterly loss. "Medium to long term demand for zero emission, technology driven vehicles will continue to grow rapidly as the average age of vehicle has reached an all-time high between 12 to 14 years depending on the segment. These numbers prove that the stage is set for zero emission, technology driven vehicles especially in the TAM's and the geographies we are focused on where there is current demand and high-volume buyers," said Tony Aquila, Chairman and CEO at Canoo. The company’s 52-week low is $0.4135.
• RSI Value: 29.06
• GOEV Price Action: Shares of Canoo fell 6% to close at $0.4245 on Tuesday.

NaaS Technology Inc. (NASDAQ: NAAS)

• Naas Technology posted an increase in quarterly sales. "In the first quarter of 2023, we navigated challenges and achieved solid results, reaffirming our leadership position in the third-party charging services market," said Ms. Cathy Wang Yang, NaaS' CEO. The company has a 52-week low of $2.75.
• RSI Value: 26.43
• NAAS Price Action: Shares of NaaS Technology fell 8.5% to close at $4.73 on Tuesday.

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