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Top 4 Consumer Stocks That May Explode In November

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, according to Benzinga Pro.

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

Levi Strauss & Co LEVI

  • On Oct. 28, Levi Strauss named Dario Aguilar as Managing Director, Latin America. The company’s stock fell around 11% over the past month and has a 52-week low of $13.94.
  • RSI Value: 29.52                        
  • LEVI Price Action: Shares of Levi fell 0.7% to close at $16.86 on Tuesday.
  • Benzinga Pro’s real-time newsfeed alerted to latest LEVI news.

Crocs Inc CROX        

  • On Oct. 29, Crocs reported third-quarter financial results and lowered its revenue guidance related to the HEYDUDE Brand. The company reported adjusted earnings per share of $3.60 (+11%), beating the street view of $3.10. Quarterly revenues of $1.062 billion (+2%) beat the analyst consensus of $1.05 billion. The company’s stock fell around 27% over the past month and has a 52-week low of $77.16.
  • RSI Value: 25.13
  • CROX Price Action: Shares of Crocs fell 0.9% to close at $101.98 on Tuesday.
  • Benzinga Pro’s charting tool helped identify the trend in CROX stock.
See also  <!DOCTYPE html><html lang="en"><head> <meta charset="UTF-8"> <meta http-equiv="X-UA-Compatible" content="IE=edge"> <meta name="viewport" content="width=device-width, initial-scale=1.0"> <title>Biggest Whale Activities in Industrials Stocks Today</title></head><body> <h2>Noteworthy Whale Activities in Industrials Stocks</h2> <img src="https://cdn.benzinga.com/files/images/story/2023/options_image_4.jpeg?optimize=medium&dpr=1&auto=webp&height=800&width=1456&fit=crop" alt="Whale Activity" /> <div> <p class="block core-block">Today's session unveils substantial whale activities in the options market, igniting the intrigue of traders hunting for lucrative avenues.</p> <p class="block core-block">Whales, characterized by their sizable financial footprint, are under the radar of Benzinga's options activity scanner, which tracks their substantial transactions, delivering valuable insights to traders.</p> <p class="block core-block">Traders are on the lookout for situations where the market value of an option veers significantly from its normalcy. Intense trading activities can drive option prices to extremes, either overestimating or underestimating their worth.</p> <p class="block core-block">The following details the options activities taking place in today's engrossing session:</p> <figure class="block core-block table" style="overflow-x:auto"> <table class="block core-block table"> <thead> <tr> <th><strong>Symbol</strong></th> <th><strong>PUT/CALL</strong></th> <th><strong>Trade Type</strong></th> <th><strong>Sentiment</strong></th> <th><strong>Exp. Date</strong></th> <th><strong>Strike Price</strong></th> <th><strong>Total Trade Price</strong></th> <th><strong>Open Interest</strong></th> <th style="text-align: right;"><strong>Volume</strong></th> </tr> </thead> <tbody> <!-- Table Content --> </tbody> </table> </figure> <h2 class="block core-block">Shedding Light on the Activity</h2> <p class="block core-block">Decoding the significant activity unfolding in today's options market.</p> <p class="block core-block">• Unveiling a bearish put option sweep for EMR (Emerson Electric Co.), expiring on June 21, 2024. A transfer of 126 contracts occurred at a $97.50 strike, resulting in a total trade price of $25.8K, with 944 contracts traded today.</p> <p class="block core-block">• Noticing a bearish sentiment in a call option sweep for WM (Waste Management, Inc.) expiring on March 1, 2024. Parties traded 299 contracts at a $205.00 strike, with a total trade price of $43.3K, and 674 contracts traded today.</p> <p class="block core-block">• Observing a bearish put option sweep for BLDR (Builders FirstSource, Inc.) expiring on March 15, 2024. A transfer of 438 contracts occurred at a $170.00 strike, amassing a total trade price of $175.2K, with 447 contracts traded today.</p> <p class="block core-block">• Noting a bearish call option sweep for UBER (Uber Technologies, Inc.) expiring on February 23, 2024. A transfer of 320 contracts happened at a $74.00 strike, yielding a total trade price of $82.5K, with 437 contracts traded today.</p> <p class="block core-block">• Identifying a bearish put option trade for BA (The Boeing Company) expiring on June 20, 2025. A transfer of 400 contracts occurred at a $135.00 strike, amassing a total trade price of $211.6K, with 400 contracts traded today.</p> <p class="block core-block">• Recognizing a bearish call option trade for FDX (FedEx Corporation) expiring on March 15, 2024. A transfer of 100 contracts happened at a $240.00 strike, resulting in a total trade price of $52.0K, with 258 contracts traded today.</p> <p class="block core-block">• Unveiling a bearish put option sweep for UAL (United Airlines Holdings, Inc.) expiring on January 16, 2026. A transfer of 1000 contracts occurred at a $60.00 strike, amassing a total trade price of $60.6K, with 120 contracts traded today.</p> <p class="block core-block">• Noticing a bearish put option trade for PCTY (Paylocity Holding Corporation) expiring on March 15, 2024. A transfer of 10 contracts happened at a $170.00 strike, resulting in a total trade price of $33.0K, with 77 contracts traded today.</p> <p class="block core-block">• Recognizing a neutral put option sweep for PAYC (Paycom Software, Inc.) expiring on April 19, 2024. Parties traded 20 contracts at a $185.00 strike, with a total trade price of $39.5K, and 39 contracts traded today.</p> <p class="block core-block">• Noting a bullish call option sweep for CAR (Avis Budget Group, Inc.) expiring on August 16, 2024. Parties traded 38 contracts at a $110.00 strike, revealing a total trade price of $42.9K, and 29 contracts traded today.</p> </div></body></html><!DOCTYPE html><html> <head> <title>Unusual Options Activity Shakes the Market</title> </head> <body> Unusual Options Activity Shakes the Market

Hasbro Inc HAS

  • On Oct. 24, Hasbro reported a third-quarter sales decline of 15% year-on-year to $1.281 billion, marginally missing the analyst consensus estimate of $1.295 billion. “We continue to execute our turnaround efforts and are poised to finish the year with improved profitability, cash flow and operational rigor,” said Gina Goetter, Hasbro’s Chief Financial Officer. The company’s stock fell around 11% over the past month and has a 52-week low of $42.70.
  • RSI Value: 29.26
  • HAS Price Action: Shares of Hasbro fell 1.1% to close at $63.42 on Tuesday.
  • Benzinga Pro’s signals feature notified of a potential breakout in HAS shares.

American Eagle Outfitters Inc AEO

  • On Nov. 12, Jefferies analyst Corey Tarlowe maintained American Eagle with a Hold and lowered the price target from $22 to $19. The company’s shares lost around 13% over the past month. The company’s 52-week low is $73.04.
  • RSI Value: 15.92
  • AEO Price Action: Shares of American Eagle fell 1.5% to close at $17.94 on Tuesday.
  • Benzinga Pro’s earnings calendar was used to track upcoming AEO earnings reports.

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