Top 3 Health Care Stocks You'll Regret Missing In November

The most oversold stocks in the health care 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.

Compass Pathways PLC CMPS

On Oct. 31, Compass Pathways announced it pushed its topline data readout from its COMP005 Phase 3 trial to Q2 2025 and its COMP006 data will be announced after the 26-week time point. The company’s stock fell around 26% over the past five days and has a 52-week low of $4.05.
RSI Value: 23.17
CMPS Price Action: Shares of Compass Pathways fell 1.5% to close at $4.68 on Monday.
Benzinga Pro’s real-time newsfeed alerted to latest CMPS news.

Sight Sciences Inc SGHT

Sight Sciences will report financial results for the third quarter ended Sept. 30, after the market close on Thursday, Nov. 7. The company’s stock fell around 18% over the past month and has a 52-week low of $1.58.
RSI Value: 27.02
SGHT Price Action: Shares of Sight Sciences fell 10.6% to close at $4.66 on Monday.
Benzinga Pro’s charting tool helped identify the trend in SGHT stock.

PACS Group Inc PACS

PACS Group shares fell sharply on Monday, following the publication of an explosive short report by activist short seller Hindenburg Research. The company’s stock fell around 25% over the past five days and has a 52-week low of $22.30.
RSI Value: 13.66
PACS Price Action: Shares of PACS Group fell 27.8% to close at $31.01 on Monday.
Benzinga Pro’s signals feature notified of a potential breakout in PACS shares.

Microsoft (MSFT) has done it again, dazzling investors with a stellar fourth-quarter fiscal 2024 performance that crushes all doubts. Emerging victorious, Microsoft reported earnings of $2.95 per share, a formidable 1.72% beat over expectations, showcasing a robust 9.7% improvement year over year. Revenues soared to $64.7 billion, marking a 15.2% annual surge, and exceeding the Zacks Consensus Estimate by 0.84%. Dive deeper, and you'll find earnings spike further; at constant currency, they gloriously hiked by 11% year over year.

Commercial Triumph Amidst Sky-High Expectations

Commercial bookings painted a picture of triumph, surging 17% year over year (and 19% at cc), stampeding past expectations. The growth was fuelled by an uptick in mega-contracts worth $10 million and $100 million each, revolving around both Azure and Microsoft 365, all while maintaining stellar performance in core annuity sales motions.

The Cloud Unleashed: Azure's Ascension

Microsoft's Cloud revenues manifested at $36.8 billion, a whopping 21% ascent year over year (up 22% at cc). Azure is akin to a formidable dragon on a gold hoard, lifting the company's overall performance and overshadowing previous expectations.

Segmental Showdown: Numbers That Tell a Tale

The Productivity & Business Processes segment emerged as a formidable force, with revenues soaring 11% (up 12% at cc) year over year, led by Office commercial products and cloud services that witnessed a 12% growth rate. Teams Premium saw a meteoric rise with a nearly 400% surge in seats, a testament to the allure of advanced features.

Meanwhile, the Intelligent Cloud segment carved its path to glory, contributing 44.1% to total revenues with a 19% annual boost. Azure and other cloud services revenue scaled a remarkable 29% growth, including an 8-point surge from AI services — demand that outstrips available capacity.

Lastly, the More Personal Computing segment showcased resilience, raking in a 14% year-over-year revenue increase to $15.9 billion. This rise included a net impact from the Activision acquisition, demonstrating Microsoft's strategic agility in adapting to evolving market trends.

Azure's Triumph at the Heart of the Storm

Azure has asserted its dominance in the cloud domain, spearheading Microsoft's remarkable saga of success. The company's fourth-quarter earnings soar high on the wings of Azure's triumph, painting a vivid picture of victory in the fiercely competitive cloud landscape. Investors are left in awe of Microsoft's relentless pursuit of excellence, as Azure reigns supreme in the clouds amidst a storm of competition, firmly establishing its reign as the Cloud King.

Microsoft's AI Triumph Unveiled in Fiscal Q4 Financials Microsoft's AI Triumph Unveiled in Fiscal Q4 Financials