Disney is among the most oversold stocks on Wall Street. Here are the others

Despite Friday's broad rally, the S & P 500 was headed for its second straight weekly pullback. That would mark the first time since April that the benchmark has posted consecutive one-week declines. Earlier this week, both the S & P 500 and Nasdaq Composite had their worst days since late 2022 — as investors turned away from mega-cap tech and put their money towards small-caps and other cyclical areas of the market.

DIS's unique library and franchises have transformed it into a streaming company, and we're bullish on long-term DTC profitability ... Long term, Disney is a growth company with arguably the best IP," analyst Steven Cahall wrote in a Wednesday note. Chipotle is another name that could be due for a rebound, given its RSI of 26.8.

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Stock market today: Global shares tumble after a wipeout on Wall Street as Big Tech retreatsGlobal shares have dropped, with Tokyo’s benchmark losing more than 1,300 points at one point and closing 3.3% lower, as pessimism set in over Wall Street's overnight nose-dive.
Fonte: ksatnews - 🏆 442. / 53 Leggi di più »

Stock market today: Global shares tumble after a wipeout on Wall Street as Big Tech retreatsGlobal shares have dropped, with Tokyo’s benchmark losing more than 1,300 points at one point and closing 3.3% lower, as pessimism set in over Wall Street's overnight nose-dive. Chinese shares fell as investors questioned a central bank decision to cut another key interest rate after several similar moves earlier this week. U.S.
Fonte: AP - 🏆 728. / 51 Leggi di più »