This week’s most overbought stocks in the S&P 500 include several tech companies

Investors are favoring certain stocks over others as the market weighs the likelihood of an additional rate hike by the Federal Reserve later this year. Wall Street is coming off a losing week, with the Nasdaq Composite Index closing 1.9% lower, the S & P 500 falling 1.3% and the Dow Jones Industrials shedding 0.8%.

Their average price target suggests 1.3% downside, according to FactSet. Shares have added almost 5% in 2023. Accenture is also overbought, with nearly 56% of analysts rating the professional services stock a buy. It has an RSI of more than 83. The company's average price target suggests shares could gain 3.3%.The stock is a "stealthy way to think about AI," Piper Sandler's chief market technician recently told CNBC.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

S&P 500: How to Profit From a Choppy MarketStocks Analysis by Jani Ziedins covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Jani Ziedins's latest article on Investing.com
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

These are Wall Street's favorite energy stocks as oil ralliesCNBC Pro searched for energy companies in the S&P 500 that not only stand to benefit from the recent jump in oil prices, but that are also loved by analysts.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »