Top 3 Financial Stocks That Could Blast Off This Month

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies. 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 oversold when the RSI is below 30, according to Benzinga Pro. Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. Moody’s Corp (NYSE:MCO) On Sept. 14, Moody’s announced plans to acquire a minority stake in Philippine Rating Services Corporation. “Strong domestic debt markets are essential to supporting sustainable economic growth,” said Wendy Cheong, Managing Director and Regional Head of Asia Pacific, Moody’s Ratings. “PhilRatings has built deep insight into the local market, and its ratings serve as a strong complement to Moody’s global views on credit for investors in the Philippines.” The company’s stock fell around 11% over the past month and has a 52-week low of $402.28. RSI Value: 29.9 MCO Price Action: Shares of Moody’s fell 1.3% to close at $441.36 on Friday. Edge Stock Ratings: 30.37 Momentum score with Value at 13.07. KKR & Co Inc (NYSE:KKR) On Oct. 2, Wells Fargo analyst Daniel Welden initiated coverage on KKR with an Equal-Weight rating and announced a price target of $97. The company’s stock fell around 16% over the past month and has a 52-week low of $82.67. RSI Value: 29.7 KKR Price Action: Shares of KKR fell 1% to close at $90.29 on Friday. Benzinga Pro’s charting tool helped identify the trend in KKR stock. Global Payments Inc (NYSE:GPN) On Sept. 25, Loop Capital analyst Dominick Gabriele initiated coverage on Global Payments with a Buy rating and announced a price target of $137. The company’s stock fell around 15% over the past month and has a 52-week low of $61.16. RSI Value: 29.5 GPN Price Action: Shares of Global Payments fell 2.4% to close at $78.38 on Friday. Benzinga Pro’s signals feature notified of a potential breakout in GPN shares. Learn more about BZ Edge Rankings—click to see scores for other stocks in the sector and see how they compare. Photo via Shutterstock