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Benzinga
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Top 2 Utilities Stocks That May Rocket Higher This Quarter

1. Utilities sector shows oversold stocks presenting buying opportunities. 2. Brookfield Infrastructure reports a Q2 loss and has an RSI of 27. 3. Genie Energy's stock dropped 24% last month with an RSI of 20.8. 4. RSI below 30 typically indicates an oversold condition. 5. Both companies are currently undervalued based on recent performance.

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FAQ

Why Neutral?

While both companies are undervalued, the overall sentiment is cautious due to their losses.

How important is it?

The potential to buy oversold stocks could lead traders to explore similar sectors within S&P 500.

Why Short Term?

The market may react quickly to buy signals but this could be temporary given existing losses.

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