10 oversold stocks with strong potential according to SA’s Quant Metrics

Wall Street has had a banner year in 2024, however, amid the buying spree, there are some stocks that have become technically oversold but are still seen as a solid investment.   

Seeking Alpha has compiled a list of ten such stocks with a relative strength index (RSI) of 30 or lower - signalling oversold levels - that are ranked at least a Buy or a Strong Buy as per SA's Quant system.

Seeking Alpha's Quant system consistently outperforms the S&P 500 (SP500), driven by powerful computer processing and SA's special 'Quantamental' analysis. It awards grades to stocks based on collective value, growth, profitability, earnings per share revisions, and price momentum metrics.

According to SA's Quant metrics, these ten stocks are actually in stronger market positions than their current RSI indicators may suggest. The names are listed below, ranked by their Quant grades:

No. 10: CACI International (CACI), quant rating of 4.08 and RSI level of 29.

No. 9: Alexander & Baldwin (ALEX), quant rating of 4.12 and RSI level of 26.

No. 8: Waste Management (NYSE:WM), quant rating of 4.14 and RSI level of 29.

No. 7: Geron Corporation (NASDAQ:GERN), quant rating of 4.31 and RSI level of 26.

No. 6: M/I Homes (MHO), quant rating of 4.41 and RSI level of 29.

No. 5: CONSOL Energy (NYSE:CEIX), quant rating of 4.52 and RSI level of 27.

No. 4: Leidos Holdings (LDOS), quant rating of 4.54 and RSI level of 28.

No. 3: Generac Holdings (GNRC), quant rating of 4.60 and RSI level of 25.

No. 2: John Wiley & Sons (WLY), quant rating of 4.61 and RSI level of 30.

No. 1: CareTrust REIT (CTRE), quant rating of 4.81 and RSI level of 29.

Year-to-date price action: CACI +24.3%, ALEX -8.2%, WM +14.4%, GERN +56.4%, MHO -2.6%, CEIX +2.5%, LDOS +33.3%, GNRC +19.1%, WLY +39.3%, and CTRE +21.8%.

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