Top 4 Industrials Stocks That May Implode In September

Lisa Levin

September 22, 2023

The most overbought stocks in the industrials sector presents an opportunity to go short on these overvalued 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 overbought when the RSI is above 70.

Here’s the latest list of major overbought players in this sector.

Steelcase Inc. (NYSE:SCS)

Steelcase reported better-than-expected second-quarter financial results and issued third-quarter and full-year 2024 earnings per share guidance above estimates. Steelcase also issued third-quarter earnings per share guidance in a range between 23 cents and 27 cents, versus the estimate of 19 cents. Full-year 2024 earnings per share is expected to be between 80 cents and 90 cents, versus the estimate of 67 cents. The company’s stock has a 52-week high of $11.38. .
RSI Value: 83.15
SCS Price Action: Shares of Steelcase rose 2.3% to close at $10.75 on Thursday.

Lichen China Limited (NASDAQ:LICN)

The company’s stock gained more than 90% over the past month. The company’s stock has a 52-week high of $5.82.
RSI Value: 84.79
LICN Price Action: Shares of Lichen China jumped 16.7% to close at $1.47 on Thursday.

Safe & Green Holdings Corp. (NASDAQ:SGBX)

Safe & Green Holdings announced distribution date of Sept. 27, 2023, for planned spinoff of SG DevCo to Nasdaq. The company has a 52-week high of $2.18.
RSI Value: 71.76
SGBX Price Action: Shares of Safe & Green jumped 14.6% to close at $1.81 on Thursday.

Veritiv Corporation (NYSE:VRTV)

Veritiv posted better-than-expected earnings for its second quarter. The company’s 52-week high is $169.85.
RSI Value: 72.53
VRTV Price Action: Shares of Veritiv closed at $168.79 on Thursday.

Read More: Scholastic, Dynatronics And 3 Stocks To Watch Heading Into Friday

Recommended

Trump's New AI Executive Order Will Spark a $10 Trillion Boom - Ad

Trump's Next Ban - Coming January 19, 2026 (shocking) - Ad

On November 18, a powerful new law signed by President Trump will trigger a radical shift in America's money system... - Ad

Marjorie Taylor Greene discloses buying more stocks in October. Here's a look at what she added to her portfolio.

IRS Direct File won't be available next year. Here's what that means for taxpayers

WASHINGTON (AP) — IRS Direct File, the electronic system for filing tax returns for free, will not be offered next year, the Trump administration has confirmed.

Why Are 21 Billionaires Moving Their Money ASAP?

Why Are 21 Billionaires Moving Their Money ASAP? - Ad

One of the biggest stock market events in 25 years is rapidly unfolding... The economist who predicted the 2008 Financial Crisis says it will be: "The Biggest Crash of Our Lifetime." Starting November 19 it could cut the entire tech marketing by HALF.

Hedera Gets Its First ETF: Canary's HBAR Fund Lets Investors Tap Into The Tokenization Boom

Canary Capital Group’s new fund, the Canary HBAR ETF (NASDAQ:HBR), launched on Oct 28, marking a significant expansion of investors’ access to digital assets outside of Bitcoin and Ethereum.

Wingstop CEO Flags Broadening Demand Weakness, Cuts Outlook

Wingstop (NASDAQ: WING) shares surge on mixed Q3 results, with earnings beating expectations while revenue falls short.

The $43B Big Pharma Story is Starting Over-With a New Player

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

Big Pharma once paid $43B for a small biotech with a similar platform. Now, a new company is following that same playbook, leveraging its patented delivery technology to attract partnerships and near-term revenue potential.

Mohamed El-Erian Warns Government Shutdown Damage Is Intensifying: 'The long This Persists, The Slower And Less Complete The Bounce-Back...'

Prominent economist Mohamed El-Erian is sounding the alarm over the prolonged U.S. Government shutdown, warning that the economic consequences are becoming more severe as the standoff stretches into its 34th day.

Denny's to be acquired and taken private in a deal valued at $620 million

Denny's said Monday that it's being acquired by a group on investors in a deal that will take the breakfast chain private.

Trump Signs Law to Launch Dollar 2.0

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Stability AI largely wins UK court battle against Getty Images over copyright and trademark

LONDON (AP) — Artificial intelligence company Stability AI mostly prevailed against Getty Images Tuesday in a British .

Tempus AI Stock (TEM) Slides 6% Overnight: Here's Why The Stock Is Trending

Tempus AI shares fell 6.02% in after-hours trading Tuesday following its third-quarter earnings report.

Elon's New Device Could Launch Biggest IPO of the Decade

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

Warren Buffett Opens Up About The Biggest Investing Blunders Of His Career — Here They Are

Over the decades, the "Oracle of Omaha" has shared candid reflections on his biggest blunders, from emotional decisions to missed opportunities, all of which provide timeless investing insights.

Scott Bessent Calls Elon Musk 'One of The Great Entrepreneurs' of This Generation: Says $1 Trillion Pay Package Is For 'Shareholders To Decide'

U.S. Treasury Secretary Scott Bessent praised his former colleague, Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk, while weighing in on his controversial $1 trillion compensation package.

November 18: D-Day For The Dollar

November 18: D-Day For The Dollar - Ad

A quiet shift in U.S. law has just authorized private companies to mint a new form of government-authorized money called the "Dollar 2.0"... and the next major mint hits on November 18. Investors who make the right moves before then could make up to 40X by 2032...

Why Is Phio Pharmaceuticals Stock Soaring Today?

Shares of Phio Pharmaceuticals Corp. (NASDAQ: PHIO) are rising Monday after the company provided an update on an ongoing medical trial.

Elon Musk Tells Joe Rogan: 'Trump Actually Is Not Perfect, but He's Not Evil'

In a Friday appearance on The Joe Rogan Podcast, Elon Musk defended President Donald Trump, stating that while Trump is "not perfect," he is also "not evil."

The Tesla Shock Nobody Sees Coming

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as January 29.

Bitcoin Drowns Below $100,000; Ethereum, XRP, Dogecoin Also Fall: Analytics Firm Says Many Still 'Buying Dips With Confidence'

Leading cryptocurrencies sank deeper into misery on Tuesday, while stocks also closed down.

Jim Cramer: Chipotle Is 'Too Expensive,' Buy This Plane Maker

On "Mad Money," Cramer discusses Henry Schein, Bloom Energy, Tyler Technologies, Boeing and Chipotle Mexican Grill.

"Tech Prophet" Who Predicted the iPhone Now Predicts...

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit before November 18's bombshell.

Why Did MediciNova Stock (MNOV) Jump Over 87% In After-Hours Trading?

MediciNova shares soared over 87% in after-hours trading on Thursday following the publication of promising research.

Bitcoin Below $102,000 As 'Extreme Fear' Sentiment Takes Down Ethereum, XRP, Dogecoin

Bitcoin is trading below $102,000 on Wednesday, with the Fear and Greed Index dropping to extreme fear at 20. Over the past 24 hours, crypto markets saw over $1.7 billion in liquidations.

Trump's New AI Executive Order Will Spark a $10 Trillion Boom

Trump's New AI Executive Order Will Spark a $10 Trillion Boom - Ad

On July 23, 2025, Trump launched America's AI Action Plan to secure global tech dominance. Morgan Stanley calls it a $10T boom. It's the closest thing to a government-backed wealth transfer-and your chance to get in early.

Elon Musk Teases Two More Tesla Diner Locations After Success In California: Here Are The Future Spots

The EV company opened its first Tesla Diner in July. CEO Elon Musk hints that more locations could be coming.

IREN Skyrockets After Sealing $9.7 Billion AI Cloud Deal With Microsoft

Pre-market trading sees IREN shares up after securing $9.7B cloud contract with Microsoft, partnering with Dell.

Trump's Next Ban - Coming January 19, 2026 (shocking)

Trump's Next Ban - Coming January 19, 2026 (shocking) - Ad

On Jan 19, 2026, Trump is expected to sign an order banning exports of a material every tech firm needs. Not chips-but without it, tech stops. It's his move for U.S. tech dominance. $2T already committed by giants like Apple and NVIDIA. Weeks remain to position before the shift.

Terns Pharmaceuticals' Leukemia Drug Seen As Potential Disruptor In CML Treatment Landscape, Analyst Upgrades

Terns Pharmaceuticals shares rise after TERN-701 shows a 75% response rate in the CML trial, and William Blair upgrades the stock to Outperform.

Bill Ackman's Hertz Stake Is Starting To Look Like His Next Chipotle Moment

Bill Ackman's investment in Hertz may be the next Chipotle moment as the rental-car company sees a surprise profit and a 40% stock surge.

On November 18, a powerful new law signed by President Trump will trigger a radical shift in America's money system...

On November 18, a powerful new law signed by President Trump will trigger a radical shift in America's money system... - Ad

When a small group of private companies - not the Fed - will perform a major mint of a new kind of money. And those who act before this new system fully kicks in could see gains as high as 40X by 2032. But those who fail to prepare will be blindsided by this sea change to the U.S. dollar.

Bitcoin's Downtrend Explained By Wall Street Vet: It's An 'IPO-Style Distribution'

Veteran Wall Street investor Jordi Visser said on Anthony Pompliano's podcast that the current Bitcoin (CRYPTO: BTC) price action resembles an "

S&P Global Boosts Outlook As CEO Hails Exceptional Growth

S&P Global (NYSE: SPGI) shares surge after reporting strong Q3 results, beating expectations with adjusted earnings of $4.73 per share.

Why Are 21 Billionaires Moving Their Money ASAP?

Why Are 21 Billionaires Moving Their Money ASAP? - Ad

Kevin O'Leary Said His Mom's Secret 55-Year-Old Investment Portfolio Outperformed Most Hedge Funds—He Decided Then, 'That's How I'm Going To Invest'

Shark Tank's Kevin O'Leary revealed how his mother's disciplined, 55-year investment strategy of diversification and long-term thinking shaped his own approach to building and preserving wealth.

Zohran Mamdani Was Crypto Bettors' Overwhelming Favorite For New York City Mayor At 100% Odds — And He Just Won

Zohran Mamdani won the high-stakes New York City mayoral race Tuesday, a victory widely anticipated by cryptocurrency bettors, who had overwhelmingly backed the Democratic Socialist.

The $43B Big Pharma Story is Starting Over-With a New Player

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

Bitcoin's Bull Run Is Now At The Fed's Mercy: Here's What That Means

Liquidity shifts from the Federal Reserve could determine whether Bitcoin (CRYPTO: BTC) reverses its downtrend or enters a 2019-style correction.

Ford's enormous F-150 becomes unlikely part of Japan's efforts to woo Trump

TOKYO (AP) — Japan's most iconic truck might be the tiny white transport vehicles that farmers use to lug gear on the narrow roads that link their rice fields.

Trump Signs Law to Launch Dollar 2.0

Trump Signs Law to Launch Dollar 2.0 - Ad

What's Going On With Archer-Daniels-Midland Today?

ADM edges higher after a Q3 EPS beat, revenue miss, mixed segment results, and a lowered 2025 profit outlook.

Trending Now

What to know about 10% reduction in flights at U.S. airports caused by the government shutdown

Trump Nominates Jared Isaacman For NASA Administrator — Elon Musk Reacts

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Anthony Scaramucci Calls Zohran Mamdani's Win An 'Anger-Based Reaction' To Boomer Policies, Says New NYC Mayor Could Become 'Popular' If...

AMD, Super Micro Computer, Upstart Holdings, Pinterest And Rivian: Why These 5 Stocks Are On Investors' Radars Today

November 18: D-Day For The Dollar - Ad

France threatens to block Shein over sale of childlike sex dolls ahead of Paris store opening

Japanese game maker Nintendo reports zooming sales and profit on its hit Switch 2 machine

The Tesla Shock Nobody Sees Coming - Ad

Dave Ramsey Reveals Why Millionaires Crush Mortgages Early

EPAM Confident On Growth, Initiates $1 Billion Stock Buyback

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

Zohran Mamdani's Historic Victory Earns Him Congratulations From Bill Ackman, Bernie Sanders — Trump Wasn't 'On The Ballot,' Says President

OpenAI and Amazon sign $38B deal for AI computing power

Trump's New AI Executive Order Will Spark a $10 Trillion Boom - Ad

Trump's White House Bathroom Renovation Sparks Fury, Economist Slams 'Clearly Wrong' Inflation Data And More: This Week In Economy

Shutdown stalemate set to drag into sixth week as Trump pushes Republicans to change Senate rules

Trump's Next Ban - Coming January 19, 2026 (shocking) - Ad

Amazon Strikes $38B OpenAI Deal, Wedbush Hikes Target To Street-High

Sawyer Merritt Threatens To Move Assets If Charles Schwab Votes Against Elon Musk's Tesla Pay Package: 'I Can't In Good Conscience...'

On November 18, a powerful new law signed by President Trump will trigger a radical shift in America's money system... - Ad

Shaquille O'Neal's $180,000 Range Rover Stolen in Suspected Hacker Heist

Nasdaq Surges Over 100 Points, Records Gains In October: Greed Index Remains In 'Fear' Zone

Why Are 21 Billionaires Moving Their Money ASAP? - Ad

San Francisco mayor proposes denser housing to tackle affordability crisis

Apple Planning A Chromebook Killer? iPhone-Maker's New Budget Mac Will Target Students, Businesses And Casual Users: Report

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

Billie Eilish Asks Zuckerbeg, Other Billionaires To Donate

Ford Expedition vs GMC Yukon, an Edmunds big SUV comparison

Trump Signs Law to Launch Dollar 2.0 - Ad

China Reportedly Bans Foreign AI Chips In State-Funded Data Centers In A Blow To Nvidia, AMD

Jim Cramer Warns 'Don't Be Fooled' Because Speculators In Gold, Quantum And Nuclear Energy Aren't Going Down 'Without A Fight'

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Nigerian billionaire plans expansion of Africa's biggest oil refinery

What to know about the Supreme Court arguments over Trump's tariffs

November 18: D-Day For The Dollar - Ad

Boeing may face its first civil trial seeking damages for deadly Ethiopia crash

What to know about the deadly UPS plane crash in Kentucky

The Tesla Shock Nobody Sees Coming - Ad

Social Security Faces Insolvency In 7 Years — Committee Proposes COLA Cap For Wealthier Retirees

IonQ Shares Are Trading Lower Monday: What's Going On?

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

Pete Hegseth Says War Department Preparing For 'Action' In Nigeria

Norway transport firm steps up controls after tests show Chinese-made buses can be halted remotely

Trump's New AI Executive Order Will Spark a $10 Trillion Boom - Ad

After winning Trump's $20 billion, President Milei must win votes as Argentine industry reels

China May Have Made A Breakthrough With Solid State Batteries Offering 600-Mile+ Range, Here's What You Should Know

Trump's Next Ban - Coming January 19, 2026 (shocking) - Ad

Trump says a Canadian ad misstated Ronald Reagan's views on tariffs. Here are the facts and context

Trump's $8.5 Billion Deal With Australia Challenges Chinese Dominance

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.