Wall Street is wrapping up a tough month. However, some buying opportunities may be emerging. The S & P 500 is on pace to end September lower by 4%, which would mark its worst monthly performance of 2023. The Nasdaq and Dow Jones Industrial Average are also headed for steep one-month losses. Each of the three indexes are also on pace to notch their second negative monthly performance in a row for the first time since September 2022.
The real estate investment trust has a consensus price target implying roughly 34.4% upside, and just under half of Wall Street analysts covering the stock rate it a buy. Shares have taken a roughly 21% dive this year. Wells Fargo last week initiated the stock with an equal weight rating, projecting 10% upside from its $59 price target. Netflix is also oversold, with an RSI of 10.98. The streaming giant has an upside of 20.9%, according to FactSet, and 50% of analysts rate it a buy.
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Source: CNBC - 🏆 12. / 72 Read more »