Top 3 Defensive Stocks Which Could Rescue Your Portfolio This Month (CORRECTED)

Written By Michael Gary Scott







Opportunities in Oversold Stocks: Unveiling the Defensive Trio

The Defensive Power Trio Emerges

When the market unpredictably staggers, investors seek refuge in the tried-and-true haven of defensive stocks. Amidst the tumultuous waters of market fluctuations, the allure of undervalued stalwarts beckons like a lighthouse in a storm. Let’s navigate the terrain together and unearth the gems waiting to rescue the portfolios of the discerning.

Dollar Tree Inc (DLTR)

  • Amidst the churning tides of market sentiment, Dollar Tree Inc stands out – a beacon of hope for the cautious investor. Despite a turbulent downturn, whispers of recovery linger in the air. On July 18, JP Morgan painted a bullish picture, urging investors to seize the opportunity, raising the price target to $148. Shedding 10% in value over the past month, Dollar Tree finds itself resting at a 52-week low of $91.83.
  • RSI Value: 27.53
  • DLTR Price Action: Tracking the latest moves, Dollar Tree’s stock closed at $93.90 on Monday, perhaps hinting at a renaissance on the horizon.

Estee Lauder Companies Inc (EL)

  • In the tempest of market fluctuations, Estee Lauder Companies Inc emerges as a steadfast vessel, weathering the storm with resilience. On Aug. 13, Telsey Advisory Group reaffirmed their faith in the company, maintaining a Market Perform rating with a price target of $115. Despite prevailing headwinds, Estee Lauder witnessed a 15% decline over the past month, standing at a 52-week low of $86.05.
  • RSI Value: 18.84
  • EL Price Action: Closing at $86.20 on Monday, Estee Lauder’s defiance in the face of adversity hints at a tale of resurgence waiting to unfold.
See also  Assessing the Future of AI Stock Ahead of Q1 Earnings Assessing the Future of AI Stock Ahead of Q1 Earnings

Vital Farms, Inc. (VITL)

  • A phoenix rising from the ashes, Vital Farms, Inc. reveals a narrative of potential redemption. Bolstered by encouraging quarterly results on Aug. 8, the company’s shares encountered a setback of 27% against the backdrop of a challenging month. Echoing a sentiment of cautious optimism, Vital Farms finds itself at a 52-week low of $10.30, poised for a transformative journey.
  • RSI Value: 27.47
  • VITL Price Action: Closing at $30.96 on Monday, Vital Farms’ journey embodies the resilience and potential for revival amidst turbulent times.

As the stock market arena continues its frenzied dance, these defensive stocks present a compelling narrative of redemption and resilience. With caution as their compass and opportunity as their guide, investors may find solace in the steadfastness of these market warriors.