Top 3 Financials Stocks That Could Blast Off In Q3

The most oversold stocks in the financials 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.

Charles Schwab Corporation (NYSE: SCHW )

• On July 16, Charles Schwab reported second-quarter 2024 results. Adjusted net income declined 2% Y/Y to $1.465 billion. Walt Bettinger, Co-Chairman and CEO, said, "Client interest in our broad array of wealth solutions remained strong through June. Year-to-date enrollments are up ~30% versus the prior year period and net flows into Managed Investing solutions reached $25 billion – an increase of 56% versus the first 6 months of 2023." The company's stock fell around 9% over the past five days and has a 52-week low of $48.66 .
• RSI Value: 28.00
• SCHW Price Action: Shares of Charles Schwab fell 10.2% to close at $67.43 on Tuesday.
• Benzinga Pro's real-time newsfeed alerted to latest Charles Schwab news .

DigiAsia Corp (NASDAQ: FAAS )

• On June 24, DigiAsia announced its subsidiary, Digi Tech, secured allocation of 5,120 NVIDIA H200 GPUs for the development of AI solutions. The company's stock fell around 57% over the past month. It has a 52-week low of $3.17.
• RSI Value: 27.25
• FAAS Price Action: Shares of DigiAsia fell 2.9% to close at $3.30 on Tuesday.
• Benzinga Pro's charting tool helped identify the trend in FAAS stock .

LPL Financial Holdings Inc (NASDAQ: LPLA )

• On July 11, JP Morgan analyst Michael Cho maintained LPL Finl with a Neutral and raised the price target from $261 to $268. The company's stock dipped around 12% over the past five days and has a 52-week low of $200.18 .
• RSI Value: 19.18
• LPLA Price Action: Shares of LPL Financial fell 9.2% to close at $239.63 on Tuesday.
• Benzinga Pro's signals feature notified of a potential breakout in LPL Financial shares.

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This article Top 3 Financials Stocks That Could Blast Off In Q3 originally appeared on Benzinga.com

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