Top 3 Consumer Stocks You May Want To Dump In August

As of Aug. 6, 2026, three stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. 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 overbought when the RSI is above 70, according to Pro. Here’s the latest list of major overbought players in this sector. Bloomin’ Brands Inc (NASDAQ: BLMN ) On Aug. 5, Bloomin Brands reported better-than-expected second-quarter financial results and raised its FY26 EPS guidance. “I am pleased with our financial results in the second quarter and our continued progress on the Outback Turnaround, w...