Top 5 Materials Stocks Which Could Rescue Your Portfolio This Quarter

Author: Lisa Levin | May 16, 2023 08:59am

The most oversold stocks in the materials 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.

Bon Natural Life Limited (NASDAQ:BON)

• Bon Natural Life named Wallace Lee as new Chief Financial Officer. The company’s stock has a 52-week low of $0.5160 .
• RSI Value: 26.68
• BON Price Action: Shares of Bon Natural Life jumped 10.6% to close at $0.6303 on Monday.

Trinseo PLC (NYSE:TSE)

• Trinseo reported the inauguration of its polycarbonate (PC) dissolution pilot facility in Terneuzen, the Netherlands on April 5, 2023. The company’s stock has a 52-week low of $12.77.
• RSI Value: 27.66
• TSE Price Action: Shares of Trinseo surged 10.5% to close at $14.41 on Monday.

Intrepid Potash, Inc. (NYSE:IPI)

• Intrepid Potash reported mixed Q1 financial results. Bob Jornayvaz, Intrepid's Executive Chairman and CEO said, "Intrepid's first quarter of 2023 saw a meaningful pickup in demand for our key products, with potash and Trio® sales volumes totaling 89 thousand and 65 thousand tons, respectively." The company’s stock has a 52-week low of $18.26.
• RSI Value: 23.00
• IPI Price Action: Shares of Intrepid Potash gained 4.6% to close at $19.70 on Monday.

The Mosaic Company (NYSE:MOS)

• Mosaic reported mixed first-quarter financial results. The company’s 52-week low is $34.70.
• RSI Value: 27.33
• MOS Price Action: Shares of Mosaic gained 3.5% to close at $36.60 on Monday.

Tronox Holdings plc (NYSE:TROX)

• Tronox Holdings posted upbeat first-quarter results. "While this quarter continued to be challenged by softer end-market demand compared to the prior year, we delivered a stronger quarter than expected," commented John D. Romano, co-chief executive officer. The company has a 52-week low of $10.97.
• RSI Value: 26.64
• TROX Price Action: Shares of Tronox Holdings gained 1.1% to close at $11.31 on Monday.

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Posted In: BON IPI MOS TROX TSE