US stocks traded mixed on Tuesday, with the Dow Jones index edging lower, while the NASDAQ and S&P 500 rose. Materials shares surged by 1.2%, while financials fell by 1.1%. Thor Industries beat earnings expectations, but its sales forecast disappointed. Several stocks, including Maison Solutions, Seelos Therapeutics, and Wave Life Sciences, saw significant gains. BioVie, Laser Photonics, and Light & Wonder faced declines. Commodities, European markets, and Asian markets all closed higher.
The materials sector presents attractive buying opportunities with several stocks currently considered oversold. Benzinga Pro identifies companies with low RSI values, suggesting potential for a rebound in the short term. This article highlights three such companies, Tantech Holdings Ltd (TANH), N2OFF Inc (NITO), and Scully Royalty Ltd (SRL), along with their recent price action and news impacting their performance.
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U.S. stocks traded higher towards the end of trading on Tuesday, with the S&P 500 gaining more than 1%, while the Dow and NASDAQ also rose. General Motors Company reported better-than-expected earnings for its fiscal first quarter, with quarterly sales growth of 7.6% year-on-year. Communication services and materials sectors were the leading and lagging sectors, respectively. In commodity news, oil traded up 1.8% while gold traded down 0.2%. European and Asian markets closed mostly higher, with the eurozone’s STOXX 600 rising 1.09% and Japan’s Nikkei 225 gaining 0.30%. Sales of new single-family houses jumped 8.8% in March, while the S&P Global services PMI and composite PMI fell to 50.9 and 50.9, respectively.
