Top 3 Consumer Stocks That Could Blast Off This Month

Avi Kapoor

May 15, 2024

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.

Papa John’s International, Inc. (NASDAQ:PZZA)

On May 9, Papa John's reported a first-quarter fiscal 2024 decline of 2.5% year-over-year to $513.92 million, missing the consensus of $544.45 million. "Our teams are taking a disciplined approach to running the business, improving restaurant-level margins and increasing operating profits despite a challenging environment in the first quarter," said Ravi Thanawala, Papa Johns Interim Chief Executive Officer and Chief Financial Officer. The company's stock fell around 15% over the past month and has a 52-week low of $51.82 .
RSI Value: 22.11
PZZA Price Action: Shares of Papa John’s rose 0.5% to close at $52.55 on Tuesday.

Chegg, Inc. (NYSE:CHGG)

On April 29, Chegg reported upbeat first-quarter financial results, but issued weak revenue forecast for the second quarter. Chegg also announced the appointment of Nathan Schultz as Chief Executive Officer, effective June 1. "We had a very productive first quarter and successfully rolled out the first of many AI enabled experiences that will strengthen our product-market fit in 2024 and beyond," said Nathan Schultz, incoming CEO & President. " The company's stock fell around 32% over the past month. It has a 52-week low of $4.51.
RSI Value: 25.02
CHGG Price Action: Shares of Chegg gained 2.4% to close at $4.68 on Tuesday.

Expedia Group, Inc. (NASDAQ:EXPE)

On May 2, Expedia Group lowered its full-year guidance. "Given the Vrbo drag and the rate of acceleration in B2C thus far, we are lowering our full year guidance to a range of mid to high single digit top line growth with margins relatively in line versus last year. Despite this slower than expected acceleration, the underpinning of the work we have done on the platform is in place and I have every confidence in the teams to continue to leverage these capabilities to drive even stronger growth," Peter Kern, CEO of Expedia Group said. The company's stock fell around 12% over the prior month and has a 52-week low of $91.92
RSI Value: 29.60
EXPE Price Action: Shares of Expedia rose 0.7% to close at $113.48 on Tuesday.

Read More: Investor Optimism Improves Ahead Of CPI Report, Nasdaq Settles At Record High

Recommended

This Gold Miner Has the Map, the Metal, and the Momentum - Ad

Is This Elon's Worst Nightmare? - Ad

Everyone Thought He Was Insane Until AT&T + SpaceX Handed Him $40B - Ad

VENTURA COUNTY, Calif. (AP) — Southern California authorities say they uncovered a criminal ring that stole $10 million in merchandise from Home Depot over several years, including 600 thefts this year alone, which the company calls the largest organized retail theft in its history.

Jim Cramer Recommends Buying This Industrial Stock, Calling It 'Way Too Cheap'

"Mad Money" star Jim Cramer discusses MP Materials, Resideo Technologies and Canadian National Railway on Friday, Sept. 12.

[Revealed] Trump's Next AI Executive Orders?

[Revealed] Trump's Next AI Executive Orders? - Ad

A White House insider with direct ties to Trump's inner circle just revealed what he calls "Manhattan II" - a potential $2.2 trillion AI initiative set to launch as soon as Oct 15. He says this could mirror past U.S. projects that minted fortunes - with small firms soaring 5,000% to 10,000% over two decades. And now he's giving away his #1 stock pick for free before the deadline.

Third Richest Woman In The World Eyes New York Giants Stake For Future Growth

One of the richest women in the world could have her eyes on more sports team ownership with a stake in the New York Giants.

Powerball Jackpot Soars To $1.1 Billion After No Winning Tickets, 5th Largest In History

The Powerball jackpot has reached $1.1 billion after no winner in Saturday's drawing, with nine tickets earning $1 million.

SpaceX Just Took Its Biggest Step Yet Towards an IPO

SpaceX Just Took Its Biggest Step Yet Towards an IPO - Ad

Elon Musk's $17B EchoStar deal gives Starlink the spectrum to act as "cell towers in space," expanding capacity 100x and ending dead zones. Jeff Brown says this could trigger SpaceX's biggest IPO yet - and shows how you can stake in it now with as little as $500.

Inside Warren Buffett's Decision to Keep Leading Berkshire Hathaway in His 90s

Warren Buffett's retirement decision has sparked debates about his reasons for working past the typical retirement age and his current choice to step aside.

Marriott, Toast, KeyCorp And More On CNBC's 'Final Trades'

Marriott International, which is down around 4% year-to-date, is Jenny Van Leeuwen Harrington's final trade.

Another Gold High? Here's the Move Wall Street Is Missing ...

Another Gold High? Here's the Move Wall Street Is Missing ... - Ad

Gold just surged past $3,600, up 45% in a year - but Sean Brodrick says $6,900 could be next. History shows when gold booms, one hidden play has delivered far bigger gains - 21x, 49x, even 1,386x. The same strategy once handed 26,000% profits. And Sean says it's back on the table now.

Trump Ends De-Minimis Exemptions To All Countries: How This Will Impact Your Online Shopping

President Donald Trump's executive order, which ends de minimis exemptions, is set to take effect on Friday. This will effectively close the duty-free shipping loophole that allowed small commercial packages worth $800 or less to enter the United States without being subject to taxes or tariffs.

Trump Documentary Hits Film Festival, Will President Try To Block Movie From Theaters?

A documentary film about Donald Trump could test whether movie theaters and media companies will attach themselves to something portraying the president negatively.

From Ore to Gold Bars-This Nevada Mine Is Already Producing

From Ore to Gold Bars-This Nevada Mine Is Already Producing - Ad

Most juniors explore...Few actually produce. This one's already pouring gold thanks to infrastructure that would cost tens of millions to build today. With major land holdings and room to scale, it's one to watch. Discover the little known gold company that's already producing.

Ambarella Stock Is Trading Higher Friday: What's Going On?

Ambarella stock is trading higher Friday after the company reported better-than-expected second quarter earnings per share and sales and guided third quarter sales above estimates on Thursday after the market closed.

YouTube TV subscribers may lose access to Fox content, including sports, due to contract dispute

NEW YORK (AP) — Fox channels could soon be pulled from YouTube TV if the two sides don't ink a new content use deal Wednesday, potentially leaving subscribers of the Google-owned streamer without and other content.

Gold Alert: Extraordinary Upside in One Stock (Not a Miner)

Gold Alert: Extraordinary Upside in One Stock (Not a Miner) - Ad

Gold has hit all-time highs, breaking $3,600 an ounce - but history shows it could be on the verge of its biggest bull run in over half a century... triggered by a likely major event, eerily similar to what happened in the 1970s. (It's NOT inflation or anything you're likely expecting.) Now, a top analyst says you can capture ALL of the upside without touching a risky miner or a boring exchange-traded fund. He sees extraordinary potential gains long term with very little risk.

Mark Cuban Says He Has No Regrets Selling Mavericks, But 'How I Did It,' Blames NBA For Stripping Clause That Would Have Allowed Him To Stay Involved

Mark Cuban reflects on selling Dallas Mavericks, regrets process but not decision. Claims NBA removed clause for involvement in team operations.

Salmonella outbreak tied to recalled eggs has sickened 95 people since January

At least 95 people in more than a dozen states have been sickened since January in an outbreak of salmonella poisoning tied to recalled eggs, federal health officials

Analysts Project This Stock Could Jump to $14 a Share. You Can Still Invest for $3.50.

Analysts Project This Stock Could Jump to $14 a Share. You Can Still Invest for $3.50. - Ad

The AI company making heart disease easier to detect is offering investors $3.50 investment units that include one convertible preferred share and one warrant, providing investors with access to 2 common shares. Based on analyst 1- year projections, that amounts to a near-term 500% return potential.

Toyota announces $792m expansion of Czech plant to build new electric car

PRAGUE (AP) — Japanese carmaker said on Wednesday it will invest 680 million euros ($792 million) on a new production line in the Czech Republic to make a .

World Mobile Expands Reach With Mozambique TV White Space Milestone As Blockchain User Base Surpasses 2 Million

World Mobile, the 6th largest blockchain by daily active users, handed over Mozambique's TVWS spectrum database to INCM.

Gold Is Being Reintroduced Into the Monetary System

Gold Is Being Reintroduced Into the Monetary System - Ad

While the media focuses on political scandals, inflation and coming up with ridiculous acronyms "TACO"... Smart money is tracking a far bigger shift: a gold revaluation is quietly underway. Garrett Goggin, CFA, says this could trigger 100X moves in select miners - and he's identified four with the biggest upside.

European Central Bank expected to keep rates on hold as economy weathers Trump's tariffs

FRANKFURT, Germany (AP) — Inflation is back under control, and the European economy is weathering Trump's tariff onslaught better than expected. Those are reasons the European Central Bank is expected to keep its benchmark interest rate unchanged Thursday.

Gen Z's Confidence Crisis Is A Red Vs. Blue Problem, Shows Study

Gen Z's life satisfaction at lowest in 3 years: 45% rate lives positively now, down from 49% in 2024. Decline driven by 18-28yr olds, especially women.

This Gold Miner Has the Map, the Metal, and the Momentum

This Gold Miner Has the Map, the Metal, and the Momentum - Ad

JPMorgan is forecasting that gold will push past $4,000, and this Nevada operation is positioned to benefit. Historical estimates show its property could hold around 1.8 million ounces of measured and indicated gold, backed by infrastructure and billionaire investors. The company's already producing, refining gold onsite and looking to expand. That's not a dream-stage story-that's a head start.

What's Going On With Palantir Technologies Stock?

Shares of Palantir are trading lower Wednesday afternoon. The stock is continuing a recent pullback from all-time highs.

Sycamore Partners finishes deal to take drugstore chain Walgreens private

DEERFIELD, Ill. (AP) — The by a private equity firm is complete, ending the drugstore chain’s run as a publicly traded company.

Is This Elon's Worst Nightmare?

Is This Elon's Worst Nightmare? - Ad

Elon's empire looks doomed - crashing sales, lost tax credits, and media backlash. But behind the scenes, Tesla is about to unleash a breakthrough Forbes calls a "multi-trillion-dollar opportunity." It's not the end - it's the start of a 25,000% AI comeback.

Activist investor takes a $4 billion stake in PepsiCo, seeing a path to revive sales

Activist investor Elliott Investment Management is taking a $4 billion stake in PepsiCo, saying there's an opportunity to revive the snack and drinks company.

Takeaways from a hunt for 'secret' fresh water under the North Atlantic seabed

ABOARD LIFTBOAT ROBERT, North Atlantic (AP) — It turns out the Continental Shelf has been holding a secret from the ages. Beneath the sea floor off the U.S. northeast lies an enormous reserve of fresh water whose existence was long unknown, then was suspected and now is confirmed.

Everyone Thought He Was Insane Until AT&T + SpaceX Handed Him $40B

Everyone Thought He Was Insane Until AT&T + SpaceX Handed Him $40B - Ad

EchoStar just sold $17B in radio spectrum to SpaceX. To most, it's another 5G headline. But Jeff Brown says it's the final signal Musk is turning SpaceX into America's next great mobile network - with the potential to become a $10T giant.

Trump's Immigration Policies Could 'Shrink' GDP Growth As US Population Projected To Decline, Warns CBO

The U.S. population growth is expected to decline at a faster rate than previously projected due to President Donald Trump's immigration policies, according to the Congressional Budget Office (CBO).

NJ governor seeks restrictions on nonessential helicopter flights after deadly NYC chopper crash

TRENTON, N.J. (AP) — New Jersey's governor is asking federal officials to impose restrictions on nonessential helicopter flights in his state after a New York City sightseeing helicopter broke apart in midair in April, .

[Revealed] Trump's Next AI Executive Orders?

[Revealed] Trump's Next AI Executive Orders? - Ad

Amid Trump's White House Rose Garden Event Snub, Elon Musk Says He Was Invited But 'Unfortunately Could Not Attend'

Elon Musk says he wouldn't be able to attend Rose Garden event at White House, but a representative will be there.

Stock Of The Day: Breakdown In Archer Aviation?

Shares of Archer Aviation have broken a support level. This can be bearish and would suggest they trend lower.

SpaceX Just Took Its Biggest Step Yet Towards an IPO

SpaceX Just Took Its Biggest Step Yet Towards an IPO - Ad

A Chinese mining company is accused of covering up the extent of a major toxic spill in Zambia

LUSAKA, Zambia (AP) — A Chinese-owned mining company has been accused of covering up the extent of that polluted a major river that millions rely on with cyanide and arsenic.

Gen Z Banking On Deals And Dupes For 2025 Holiday Season As The Young Plan Steep Spending Cuts

Holiday shoppers plan to spend $1,552 on gifts, travel, and entertainment, 5% less than last year, with Gen Z cutting spending by 23%. PwC survey shows price-conscious mindset and impact of tariffs on consumer behavior.

Another Gold High? Here's the Move Wall Street Is Missing ...

Another Gold High? Here's the Move Wall Street Is Missing ... - Ad

Trump administration appeals ruling blocking him from firing Federal Reserve Gov. Cook

WASHINGTON (AP) — President Donald Trump's administration on Wednesday appealed a ruling blocking him from firing Federal Reserve Gov. as he seeks more control over the traditionally independent board.

Trending Now