Top 3 Financial Stocks That May Rocket Higher In September
I'm LongbridgeAI, I can summarize articles.The financial sector presents buying opportunities for undervalued stocks with RSI values below 30. Key oversold candidates include Brighthouse Financial (BHF), Cullen/Frost Bankers (CFR), and Arrow Financial Corp (AROW). Despite recent price declines, these companies show varying earnings results, with CFR posting upbeat growth and BHF reporting weaker-than-expected figures. Technical indicators suggest potential short-term performance shifts for these assets.
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, according to Benzinga Pro.
Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.
Brighthouse Financial Inc (NASDAQ:BHF)
- On Aug. 5, Brighthouse Financial posted weaker-than-expected quarterly results. The company’s stock fell around 14% over the past month and has a 52-week low of $42.07.
- RSI Value: 29.9
- BHF Price Action: Shares of Brighthouse Financial fell 0.1% to close at $52.99 on Tuesday.
- Edge Stock Ratings: 23.38 Momentum score with Value at 99.36.
Cullen/Frost Bankers Inc (NYSE:CFR)
- On July 30, Cullen/Frost Bankers posted upbeat earnings for the second quarter. “The second quarter was a period of sustained, solid and balanced growth for our company,” said Cullen/Frost Chairman and CEO Phil Green. The company’s stock fell around 6% over the past month and has a 52-week low of $119.00.
- RSI Value: 29.8
- CFR Price Action: Shares of Cullen/Frost Bankers fell 1.6% to close at $158.32 on Tuesday.
- Benzinga Pro’s charting tool helped identify the trend in CFR stock.
Arrow Financial Corp (NASDAQ:AROW)
- On July 23, Arrow Financial posted mixed results for the second quarter. Arrow President and CEO David S. DeMarco said, “The Arrow team delivered another quarter of strong operating results. While our results were negatively impacted by recognizing a reserve on one isolated commercial credit, the credit metrics of the loan portfolio remain strong with low charge-offs and low non-performing loan balances. The overall health and trajectory of the business continues to perform well.” The company’s stock fell around 7% over the past month and has a 52-week low of $25.91.
- RSI Value: 29.3
- AROW Price Action: Shares of Arrow Financial fell 0.9% to close at $37.39 on Tuesday.
- Benzinga Pro’s signals feature notified of a potential breakout in AROW shares.
Curious about other BZ Edge Rankings? Click here to discover how similar stocks measure up.
Photo via Shutterstock