Top 2 Materials Stocks That Are Ticking Portfolio Bombs
Top 2 Materials Stocks That Are Ticking Portfolio Bombs
Here's the latest list of major overbought players in this sector.As of Aug 29, 2024, two stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
截至2024年8月29日，材料板块中的两只股票可能对那些将势头视为交易决策的关键因素的投资者发出真正的警告。
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, according to
RSI是一种动量指标，它将股票在价格上涨的日子的强度与在价格下跌的日子的强度进行比较。与股票的价格走势相比，它可以让交易者更好地了解股票短期内的表现。根据[链接] Benzinga Pro，当RSI超过70时，资产通常被认为是超买的。
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Here's the latest list of major overbought players in this sector.
以下是行业中超买的主要股票列表。
Eightco Holdings Inc (NASDAQ:OCTO)
Eightco Holdings Inc (NASDAQ:OCTO)
On Aug. 15, Eightco Holdings posted second-quarter earnings of 43 cents per share. Paul Vassilakos, CEO of Eightco and President of Forever 8 Fund, LLC ("Forever 8"), the Company's largest subsidiary, said "The Company continues to focus on prioritizing the Forever 8 business in providing inventory capital for e-commerce sellers and refurbished apple product sellers. The Company has made significant progress in the first half of 2024 improving its financial condition, most notably through the elimination of $5.4 million in convertible notes and thus increasing shareholder equity." The company's stock gained around 5% over the past five days and has a 52-week high of $4.75 .
在8月15日，Eightco Holdings发布了每股43美分的第二季度收益报告。Eightco的首席执行官、Forever 8 Fund LLC的总裁Paul Vassilakos表示：“公司将继续优先考虑Forever 8业务，为电子商务卖家和翻新苹果产品卖家提供库存资本。公司在2024年上半年取得了重大进展，主要通过清偿540万美元的可转股票和增加股东权益来改善其财务状况。”该公司的股票在过去五天内上涨了约5%，并且创下了4.75美元的52周高点。
RSI Value: 83.86
RSI值：83.86
OCTO Price Action: Shares of Eightco Holdings fell 2.4% to close at $1.84 on Wednesday.
十月行动价格：八享控股的股票周三下跌2.4%，收于1.84美元。
Sherwin-Williams Co (NYSE:SHW)
宣伟公司（NYSE：SHW）
On July 23, Sherwin-Williams Company reported second-quarter FY24 results. Adjusted earnings per share of $3.70, beating the Wall Street view of $3.48. President and Chief Executive Officer Heidi G. Petz said, "Led by strong performance in the Paint Stores Group, we continued to execute on our proven strategy across the Company to deliver consolidated sales within our expectations, gross margin expansion, EBITDA growth, and a 12.5% percent increase in adjusted diluted net income per share." The company's stock gained around 3% over the past month and has a 52-week high of $363.12.
宣伟公司在7月23日报告了2024财年第二季度的业绩。每股调整后的收益为3.70美元，超过了华尔街预期的3.48美元。总裁兼首席执行官海蒂·G·佩茨表示：“在油漆商店集团强劲表现的带领下，我们继续在公司各个部门执行已被证明有效的策略，以实现在预期范围内的整体销售额、毛利率扩张、EBITDA增长和调整后稀释净利润每股增长12.5%。”该公司的股票在过去一个月内上涨约3%，并且创下了363.12美元的52周高点。
RSI Value: 70.33
RSI值：70.33
SHW Price Action: Shares of Sherwin-Williams gained 0.5% to close at $361.70 on Wednesday.
宣伟公司价格行动：宣伟公司的股票周三上涨0.5%，收于361.70美元。