Micron and Pfizer are the most oversold S&P 500 stocks. Here are the other buying opportunities

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

These stocks are the most overbought and oversold on Wall Street.

Traders on Wall Street are back to worrying that the Federal Reserve has significantly more ground to cover to tame inflation. However, some buying opportunities may be emerging. The June nonfarm payrolls report showed 209,000 jobs were added in June , less than expected. But, wages grew by 4.4% year over year, slightly more than forecast, raising concern over higher rates for longer. Fears over tighter monetary policy for longer than anticipated pressured the broader market this week.

screened the for the most oversold stocks on Wall Street based on their 14-day relative strength index. An RSI of less than 30 signals that a stock is oversold, meaning there may be a buying opportunity. A reading above 70, however, means a stock is overbought — meaning investors should consider reducing their exposure. Here's a look at the most oversold names in the S & P 500.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The bull market in stocks is on track to push S&P 500 to 5,000 by 2024The bull market in stocks is on track to push the S&P 500 to 5,000 by 2024, Bank of America says
Source: BusinessInsider - 🏆 729. / 51 Read more »

These stocks, including Tesla, are this week's top performers as the S&P 500 fallsCNBC Pro screened for which stocks outperformed this week, and where analysts see them headed next.
Source: CNBC - 🏆 12. / 72 Read more »