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

November 18: D-Day For The Dollar - Ad

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

The Tesla Shock Nobody Sees Coming - Ad

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

Wall Street Enters Its Strongest Month: These 7 Stocks Often Crush It

November is historically Wall Street's strongest month. These 7 stocks often delivered standout gains in recent decades.

Jensen Huang's Secret Masterplan Revealed

Jensen Huang's Secret Masterplan Revealed - Ad

NVIDIA's revolutionary new invention just solved the #1 chokepoint that's been strangling big AI companies. And Tech legend Jeff Brown - the Silicon Valley insider who called NVIDIA before it skyrocketed more than 30,000%... says a shocking announcement by NVIDIA CEO Jensen Huang could make a lot of early investors rich.

Tanka Bets Its Memory-Native AI Platform Can Redefine How Startups Collaborate and Scale

Tanka, a U.S.-based AI collaboration platform headquatered in Bay Area, is betting on its home market with a bold premise — that the future of enterprise software will depend not on bigger models or flashier chatbots, but on memory.

Cathie Wood Bets Big On Jack Dorsey's Bitcoin-Heavy Block, Adds Amazon And Alibaba — Sells Shopify, Surging Palantir

On Monday, Cathie Wood-led Ark Invest executed significant trades, including a notable purchase of shares in Amazon.com Inc. (NASDAQ:AMZN), Block Inc.

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.

This Inexpensive Tesla Rival Is Quietly Gaining Ground — Key Ranking Suggests A Major Breakout Could Be Imminent

Li Auto surges into the top 10th percentile value ranking, up 1.30 points. Undervalued Tesla rival with moderate growth.

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.

Nvidia CEO: E.I. Will Be as Common as Cars Today

Nvidia CEO: E.I. Will Be as Common as Cars Today - Ad

E.I. isn't science fiction anymore. It's already here. And one little-known company is quietly supplying the systems behind it. This stock is still under Wall Street's radar... but not for long. You'll get the name, the ticker, and the full thesis inside.

Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently

NEW YORK (AP) — It’s a tough time for the .

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.

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.

Nation's largest fleet of police Cybertrucks to patrol Las Vegas

LAS VEGAS (AP) — The nation's largest police fleet of Tesla Cybertrucks is set to begin patrolling the streets of Las Vegas in November thanks to a donation from a U.S. tech billionaire, raising concerns about the blurring of lines between public and private interests.

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

WASHINGTON (AP) — Republicans and Democrats remained at a stalemate on the over the weekend as it headed into its sixth week, with for millions of Americans and President Donald Trump pushing GOP leaders to change Senate rules to end it.

[How To] Claim Your Pre-IPO Stake In SpaceX!

[How To] Claim Your Pre-IPO Stake In SpaceX! - Ad

This is your first-ever chance to skip the line, and get exposure BEFORE Elon Musk's next IPO takes place. It couldn't be any easier... just $100 and a few minutes of time. All you need is the name and ticker symbol that James reveals for FREE, right inside this short video.

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

Trump and Albanese signed a partnership to secure critical mineral supply chains and strengthen defense cooperation.

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.

"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.

UPS cargo plane with 3 aboard explodes on takeoff at Louisville airport, igniting huge fire

LOUISVILLE, Ky. (AP) — A large UPS cargo plane with three people aboard crashed Tuesday while taking off from an airport in Louisville, Kentucky, igniting an explosion and massive fire that left a thick plume of black smoke over the area.

Bloom Energy Stock Surges Nearly 17% In Wednesday Pre-Market: What's Going On?

Shares of Bloom Energy Corp soared 18.68% in pre-market trading on Wednesday as third-quarter results surpassed analyst estimates.

[Revealed] The $100 Starlink Pre-IPO Blueprint!

[Revealed] The $100 Starlink Pre-IPO Blueprint! - Ad

Fortune reports Starlink's rumored IPO is set to be the single largest IPO in history. James Altucher has uncovered a way to get a pre-IPO stake BEFORE Starlink goes public. All it takes is just a few minutes of time and as little as $100 to get started.

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

CNN Money Fear and Greed index remained in Fear zone on Friday. US stocks closed higher, Nasdaq up 4.7% in October. Amazon reported earnings.

2,000 mink released from Iowa farm in what trade group calls 'terrorist act'

One or more intruders broke into an Iowa mink farm and released 2,000 of the furbearing animals in what a trade group called a “terrorist act” under federal law.

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...

3 Communication Stocks Making Big Moves On Value Metrics

Three communication service stocks posted sharp gains in Benzinga's value rankings this week, highlighting renewed investor interest in the sector. Here's what investors need to know.

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.

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.

Consumer Tech News (Oct 27-31): Nvidia Surpasses $5T Market Cap, Trump-Xi Meeting Concludes, Big Tech Report Earnings & More

Apple, Amazon, Microsoft, and Alphabet beat Q3 estimates with revenue and earnings growth. Trump and Xi conclude high-stakes meeting with trade, soybean, and resource agreements, potentially impacting U.S.-China economic relations and global markets.

Loggins demands removal of Trump's AI-generated video using ‘Danger Zone’

NEW YORK (AP) — Kenny Loggins is objecting to the use of his music in a social media post showing an artificial intelligence-generated video of dumping excrement from a fighter jet on last weekend's .

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.

Looking For The Next Beyond Meat? Here Are The Top 10 Most Shorted Stocks

Here's a look at the most heavily shorted stocks in the market as investors look for the next Beyond Meat.

Donald Trump Faces 'No Kings Day' Protests As Millions March Nationwide, GOP Stays Silent Amid Authoritarianism Claims

Millions rallied nationwide against Trump, with top lawmakers supporting protests and condemning Trump's consolidation of power.

Jensen Huang's Secret Masterplan Revealed

Jensen Huang's Secret Masterplan Revealed - Ad

Court Blocks Trump's SNAP Reductions, But Stricter Eligibility Rules Begin

New work requirements for SNAP begin Saturday, but benefits may not be issued through November due to the government shutdown.

Palantir, Kimberly-Clark, Hims & Hers, Navitas And Cipher Mining: Why These 5 Stocks Are On Investors' Radars Today

PLTR, KMB, HIMS, NVTS, CIFR were among the stocks seen trending among investors on Monday, Nov. 3, 2025.

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

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

Abu Dhabi hosts oil summit as OPEC+ halts production hikes planned for first quarter of 2026

ABU DHABI, United Arab Emirates (AP) — Abu Dhabi hosted a major oil summit Monday, hours after the OPEC+ cartel and its allies said it would halt further production increases planned in the first quarter of 2026 over concerns of too much supply in the market.

Why D-Wave Quantum (QBTS) Stock Is Getting Hammered Today

Shares of D-Wave Quantum are trading lower Wednesday afternoon, caught in a broader market downturn.

Nvidia CEO: E.I. Will Be as Common as Cars Today

Nvidia CEO: E.I. Will Be as Common as Cars Today - Ad

Hillary Clinton Says Trump Taking A 'Break' From Gold-And-Marble Interior Renovations To Defy Court Order On SNAP: 'Nero Would Be Proud'

Hillary Clinton criticizes Trump for withholding SNAP benefits during shutdown, accusing him of defying court order and being indifferent to public suffering. Democrats blast Trump for creating hunger crisis and breaking the law.

Trending Now