Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Top 5 Financial Stocks That Could Blast Off In February

Published 24/02/2023, 13:36
© Reuters.  Top 5 Financial Stocks That Could Blast Off In February
IXIC
-
GNTY
-

Benzinga - The most oversold stocks in the financial 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.

First Guaranty Bancshares Inc (NASDAQ: FGBI)

  • First Guaranty Bancshares posted Q4 earnings of $0.42 per share. The company’s stock has a 52-week low of $20.50 .
  • RSI Value: 26.79
  • FGBI Price Action: Shares of First Guaranty Bancshares fell 0.1% to close at $20.61 on Thursday.
FVCBankcorp Inc (NASDAQ: FVCB)
  • FVCBankcorp posted weaker-than-expected quarterly earnings. The company’s stock has a 52-week low of $13.43.
  • RSI Value: 21.14
  • FVCB Price Action: Shares of FVCBankcorp fell 0.4% to close at $13.64 on Thursday.
XP Inc (NASDAQ: XP)
  • XP recently reported Q4 financial results. The company’s stock has a 52-week low of $12.40.
  • RSI Value: 29.13
  • XP Price Action: Shares of XP rose 0.5% to close at $13.24 on Thursday and lost 1.7% in after-hours trading.
New York Mortgage Trust Inc (NASDAQ: NYMT)
  • New York Mortgage Trust posted a Q4 loss of $0.13 per share. The company’s 52-week low is $2.07.
  • RSI Value: 28.64
  • NYMT Price Action: Shares of New York Mortgage Trust fell 4.2% to close at $2.73 on Thursday.
Fidelity National Financial Inc (NYSE: FNF)
  • Fidelity National Financial reported worse-than-expected Q4 adjusted EPS and sales results. The company has a 52-week low of $33.17.
  • RSI Value: 25.71
  • FNF Price Action: Shares of Fidelity National Financial dropped 5.7% to close at $39.56 on Thursday.
Read More: Fear & Greed Index Remains In 'Greed' Zone After US Stocks Settle Higher

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.