News Formal

Wall Street’s most overbought stocks include PepsiCo and this little-known insurance company

  • 📰 CNBC
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 72%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Investors should consider easing exposure to names that are still overbought. They can gauge this with the relative strength index.

Despite last week's market tumble, there are some stocks that are in overbought territory. The S & P 500 tumbled 2.7% for the week , its biggest weekly decline since December. Concerns over persistent inflation and the prospects of higher rates for longer dented investor sentiment. The core personal consumption expenditures index — the Federal Reserve's preferred inflation measure — rose more than expected in January .

Pro screened for S & P 500 stocks in overbought territory, using the relative strength index. Here are the top 10. Insurance company Arch Capital topped the list, with an RSI of 87.7. The stock bucked the broader market negative trend's last week, advancing 2%. Year to date, Arch Capital is up 10%. The stock is well liked by analysts, with nearly 80% rating it a buy. PepsiCo also made the list. Its 14-day RSI came in at 70.7.

Pro also screened for S & P 500 stocks in oversold territory. Here are the top 10. Topping the oversold list is First Republic , with an RSI of just 10.3. The stock is well liked by analysts, receiving buy ratings from 52% of those covering it, and the average price target implies upside of 19% over the next 12 months. To be sure, First Republic shares are down 1.2% year to date, lagging SPDR S & P Regional Banking ETF — which is up 5% in 2023.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 12. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

If you want to learn about different types of charts in trading, see this trading charts technicalAnalysis

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Nikola's Q4 earnings report triggers Wall Street stock plungePhoenix-based zero-emissions vehicle maker Nikola released its fourth quarter financials showing an operating loss larger than the previous year, triggering a roller coaster ride in its stock price.
ソース: abc15 - 🏆 263. / 63 続きを読む »

The stock market's euphoric rally has been a head fake: Wall StreetThe stock market's euphoric rally has been a head fake, Wall Street's top strategists warn The market is going to drop like a rock. The FED is printing money like crazy, and inflation is going up. The price of Bitcoin is indicative of this.
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »