Top 3 Consumer Stocks That May Keep You Up At Night This Quarter

Avi Kapoor

December 05, 2024

As of Dec. 5, 2024, three stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

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 Benzinga Pro.

Here's the latest list of major overbought players in this sector.

Five Below Inc (NASDAQ:FIVE)

On Dec. 4, Five Below reported better-than-expected results for its third quarter and issued strong guidance for fiscal 2024. The company also announced the appointment of Winnie Park as CEO and a member of its board of directors, effective Dec. 16. The company's stock gained around 17% over the past five days and has a 52-week high of $216.18.
RSI Value: 78.87
FIVE Price Action: Shares of Five Below gained 1.7% to close at $104.97 on Wednesday.

Chegg Inc (NYSE:CHGG)

On Nov. 25, Chegg announced a repurchase agreement for its 0% convertible senior notes due 2026. Chegg entered into private agreements with certain noteholders to repurchase approximately $116.6 million of its outstanding 0% convertible senior notes due 2026 for a cash price of $96.2 million. The repurchase transactions were entered into as part of Chegg’s previously announced securities repurchase program. The company's stock gained around 43% over the past month and has a 52-week high of $11.48.
RSI Value: 75.33
CHGG Price Action: Shares of Chegg gained 4.5% to close at $2.56 on Wednesday.

AutoNation Inc (NYSE:AN)

On Oct. 25, AutoNation reported worse-than-expected third-quarter financial results. The company reported adjusted earnings per share of $4.02, missing the street view of $4.38. Quarterly sales of $6.586 billion missed the analyst consensus estimate of $6.71 billion. The company's stock gained around 13% over the past month and has a 52-week high of $197.18.
RSI Value: 76.64
AN Price Action: Shares of AutoNation gained 1% to close at $182.16 on Wednesday.

Read This Next:

Top 3 Tech And Telecom Stocks That May Implode This Quarter

Recommended

Elon Musk's Final Move - Ad

The High Roller of iGaming Stocks - Ad

Urgent: Buy This Before Bitcoin Hits $125,000 - Ad

Popular

Justin Trudeau launches Canada-US council as Trump's tariff threats loom

OTTAWA, Ontario (AP) — Outgoing Canadian Prime Minister Justin Trudeau announced Thursday the formation of a Canada-U.S. relations council to support the federal government as it deals with incoming U.S. President Donald Trump’s threat to impose .

New Mexico state spending plan seeks more federal Medicaid dollars as Donald Trump takes office

SANTA FE, N.M. (AP) — Leading New Mexico legislators on Wednesday recommended a 5.7% general fund spending increase for the coming fiscal year that emphasizes health care access, public school improvements, and early education and childcare programs that can boost household finances.

Trump's next move could be the catalyst that triggers Bitcoin's next BIG breakout

Trump's next move could be the catalyst that triggers Bitcoin's next BIG breakout - Ad

But here's why I'm not buying Bitcoin directly: It's VERY expensive. Instead, I've found a better way to profit -- without touching any coins, ETFs, or digital wallets. This little-known $25 investment is accessible through your regular brokerage account. It's already up over 10% since Trump's victory, and it's just getting started.

Dogecoin Surges 21% In 7 Days: Why Is DOGE Going Up?

Dogecoin's (CRYPTO: DOGE) is up 5% on Thursday and 21% over the past seven days as increased market enthusiasm has analysts speculating about whether the “king of memes” can kickstart another rally.

Can AI Solve Cannabis Medicine's Data Problem? New Tech Initiative Aims To Streamline Research And Treatments

AI and semantic technology are reshaping healthcare by tackling fragmented research in cannabinoid medicine.

270x More Lucrative Than NVIDIA?

270x More Lucrative Than NVIDIA? - Ad

If you've missed out on NVIDIA's recent 1,600% run... Don't worry. Because there's one AI stock that could be a lot more lucrative. It's currently trading for only $20.

Goldman Sachs Stock May Be Pricey But Its One Of The Cheapest Ways For Investing In Capital Markets: Analyst

Keefe, Bruyette & Woods analyst David Konrad maintained an Outperform rating on Goldman Sachs and raised its price target to $690. The bank posted strong quarterly results, driven by a 33% year-over-year surge in trading revenue and growth in asset management.

Drone Maker Red Cat 'Set To Be Blown Out Of The Sky': Short Seller Claims Management Set 'Almost Impossible' Expectations

Short-selling investment firm Kerrisdale Capital believes the recent run in shares of Red Cat Holdings is built on hype rather than reality.

My TOP Altcoin for Right Now Is...

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

Stock market today: Asian stocks mixed ahead of US inflation data

HONG KONG (AP) — Asian stocks were mixed Wednesday followed Wall Street’s mostly positive performance ahead of key U.S. inflation data that could influence the pace of market-boosting rate cuts by the Federal Reserve.

Vietnam and Russia sign an agreement to expand cooperation on nuclear energy

HANOI, Vietnam (AP) — Vietnam and Russia inked Tuesday an agreement to boost cooperation on nuclear energy during Russian Prime Minister Mikhail Mishustin’s two-day visit to Hanoi.

Brazil's Potash Powerhouse?

Brazil's Potash Powerhouse? - Ad

Brazil relies on imports for over 95% of its potash--but a new $30M NYSE-A IPO could change that. This company's bold plan to produce potash locally could significantly reduce the price for potash, fueling Brazil's agriculture and bringing significant profit potential. The timing couldn't be better.

Supreme Court will hear Texas anti-pornography law that challengers say violates free-speech rights

WASHINGTON (AP) — A Texas anti-pornography law is on Wednesday in a collision of , regulation of online content and the protection of children.

Siri, Alexa And Google Assistant May Become A Thing Of The Past Thanks To ChatGPT Tasks -- Here's How To Use The New Feature

OpenAI's introduction of the "Tasks" feature for ChatGPT positions it as a strong competitor to virtual assistants like Alexa, Siri, and Google Assistant by enabling users to schedule and manage tasks with natural language prompts.

The Brand New Tech Creating Millionaires (Buy These Four Stocks)

The Brand New Tech Creating Millionaires (Buy These Four Stocks) - Ad

A new technology is taking the world by storm, transforming lives, and making early investors incredibly rich. In the following video, I'll show you four stocks with absolutely explosive upside potential and the ability to turn every dollar you invest into life-changing returns.

Wall Street's Most Accurate Analysts Give Their Take On 3 Defensive Stocks Delivering High-Dividend Yields

These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Jamie Dimon Calls Elon Musk 'An Extraordinary Talent' -- JP Morgan CEO Shares Why Trump's Election Victory Didn't Surprise Him

Jamie Dimon offered a praise for Tesla CEO Elon Musk while sharing insights on American political dynamics in an interview.

Retirement Planning for 2025 -- Act Now!

Retirement Planning for 2025 -- Act Now! - Ad

Make sure your retirement strategy is in place before 2025 rolls in. Let Datalign Advisory help you take charge of your financial future and get your ducks in a row before the year's end.

US Semiconductor Sanctions Spell Trouble for Nvidia, But May Benefit Big Tech

Nvidia's customers include Microsoft, Amazon, Google, and Meta Platforms. Their orders worth $10 billion were postponed due to overheating issues.

Banks Kick Off Earnings Season On Wednesday: Retail Traders Bet Big On Financials Ahead Of Regulatory Tailwinds

Banks' Q4 earnings could positively impact economy and set tone for 2025. Investors bet big on financials, hoping for regulatory tailwinds.

Get Your Financial Strategy in Place for 2025

Get Your Financial Strategy in Place for 2025 - Ad

There's still time to make smart financial moves as we enter a new year. Work with Datalign Advisory, a trusted partner who can help you optimize your plans and start 2025 on the right foot.

Ray Dalio Warns US Could 'Go Broke' As Debt Soars, Urges Action To Avert Crisis

Ray Dalio, founder of Bridgewater Associates, warned that the United States could "go broke" due to mounting government debt problems.

What's In Store For Comcast In Q4?

Goldman Sachs analyst forecasts in-line Q4 results for Comcast, with minimal growth in 2025, but anticipates improved investor sentiment in 2025 and beyond.

How to Ride America's $1 Trillion Robot Revolution

How to Ride America's $1 Trillion Robot Revolution - Ad

Like computers before them, robots are evolving at lightning speed, transforming the world, and creating a wave of new millionaires. As Bill Gates says, the uses for robots will be "almost limitless." That's why he's pouring millions into this new technology. Now you can join him in tapping this unstoppable trend for 5, 10, even 15 times your money -- maybe a whole lot more...

Austrian far right and conservatives reach budget accord in a step toward new government

VIENNA (AP) — Austrian far-right leader Herbert Kickl and his prospective coalition partners said Monday that they have reached an agreement to bring down the budget deficit, an important first step toward what would be the country's first post-World War II government led by the far right.

Elon Musk Emerges As Potential TikTok US Buyer As Ban Deadline Looms, Company Terms It 'Pure Fiction'

Chinese officials are considering Tesla Inc. CEO Elon Musk as a potential buyer for TikTok's U.S. operations.

98 Opportunities for 1,000% Gains (And More)

98 Opportunities for 1,000% Gains (And More) - Ad

During the most recent gold bull market, our team tracked down 98 separate opportunities for investors to make 10x their money or more. In fact, there are seven specific gold plays that we believe should be on every investor's radar right now.

Tesla Shares Rise Over 2% After Hours On Morgan Stanley's Price Target Hike, FSD Breakthroughs: Gary Black Highlights Key Drivers

Tesla stock rose 2% after-hours on Morgan Stanley's price target increase and positive developments in Full Self-Driving technology.

Alamos Gold Achieves Record Production, Sets Stage For Low-Cost Growth

Alamos Gold achieved record production in 2024, plans to increase output and reduce costs. Focus on Island Gold District and Lynn Lake project.

Porter Stansberry: These Are Trump's 10 Secret Stocks

Porter Stansberry: These Are Trump's 10 Secret Stocks - Ad

Ten investments secretly owned by Trump's biggest backers. Ten investments intrinsically tied to the policies Trump will put in place. Ten investments with the potential to return 10x or more... but only if you act right now.

ChargePoint Outpaces Tesla In EV Network Market Share, But JPMorgan Stays Cautious

ChargePoint dominates U.S. EV charging market with 32% share and 70,000+ ports, but faces challenges with sluggish subsidies and high capex. JPMorgan remains cautious.

Head of US cybersecurity agency says she hopes it keeps up election work under Trump

NEW YORK (AP) — Jen Easterly, the outgoing head of the U.S. government’s Cybersecurity and Infrastructure Security Agency, said Wednesday she hopes her agency is allowed to continue its under new leadership despite “contentiousness” around that part of its mission.

Bill Gates Is Betting Big on This New Technology

Bill Gates Is Betting Big on This New Technology - Ad

Bill Gates is betting the house on a new tech bound to make investors millions. He says the potential uses for it are "almost limitless." And he believes it is so revolutionary that soon we'll see one in every home. This is tech's next megatrend.

Gary Gensler Defends SEC Legacy: 'We Focused On Reforms In The $60 Trillion Equity Markets'

Gary Gensler defended his legacy as SEC Chair, citing the agency's focus on regulating the $60 trillion U.S. equity market and addressing systemic issues.

Mark Zuckerberg Backs Nvidia CEO Jensen Huang's View On Quantum Computing: 'It's Still Quite A Ways Off'

Mark Zuckerberg aligned with Jensen Huang's cautious outlook on quantum computing, suggesting the technology remains years away.

Legendary Investor: Buy These "Trump Stocks" Now

Legendary Investor: Buy These "Trump Stocks" Now - Ad

Within the first week of Trump's election, several stocks exploded for double- and triple-digit gains. According to legendary investor Louis Navellier, this is just the beginning of what could be the best four-year period for stocks in U.S. history.

UK minister quits while facing questions over links to ousted Bangladeshi leader Sheikh Hasina

LONDON (AP) — Britain’s anti-corruption minister resigned on Tuesday amid a controversy over links to her aunt, ousted Bangladeshi Prime Minister .

Jeff Bezos' $500 Million Superyacht Koru Steals The Show At St. Bart's Annual Festival Where 173 Billionaires Turned Up With Their Yachts

Jeff Bezos' superyacht "Koru" stole the spotlight at the annual St. Barts festival, where 173 billionaires showcased their superyachts.

Is This Defi Coin Your Next "10-Bagger" Investment?

Is This Defi Coin Your Next "10-Bagger" Investment? - Ad

Our #1 pick in decentralized finance is largely overlooked by mainstream investors (for now). This governance token could skyrocket as DeFi adoption surges with the smart money and institutions.

Ripple Labs Donates $100K In XRP For California Wildfires Relief, Says Contributions Will Be Doubled

The blockchain-based company Ripple Labs announced a donation of $100,000 worth of XRP (CRYPTO: XRP) tokens on Tuesday to support the wildfire relief efforts in California.

Trending Now

Stocks Fail To Rise Despite Benign Producer Inflation, 30-Year Treasury Yields Hit 5%, Ely Lilly Tumbles: What's Driving Markets Tuesday?

Bitcoin, Ethereum, And Dogecoin Rebound Sharply On Lighter Inflation Data: Top Trader Says Despite Expectations For Bull Market To Be Over, It's An Ideal Climate For Altcoins.