These stocks have fallen too much, too fast and could be due for a rebound after broad market sell-off

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 43%
  • Publisher: 72%

Investment Strategy News

Stock Markets,S&P 500 Index,Crowdstrike Holdings Inc

Crowdstrike is one of this week's most oversold names.

This week's market sell-off has pushed several stocks into oversold territory — potentially setting these names for a rebound in the future. The S & P 500 fell more than 2%, as a weaker-than-expected U.S. jobs report stoked fears of a broader economic slowdown. The Nasdaq Composite and Dow Jones Industrial Average also shed more than 2% each. Friday's losses pushed the tech-heavy Nasdaq into correction territory, down more than 10% from a record set last month.

mountain Lululemon shares over the last 12 months To be sure, there are some names that are overbought and could see a pullback — despite the broader market sell-off. Some of this week's most overbought companies include defense giant Lockheed Martin , tobacco company Philip Morris International and FirstEnergy . Of the names on the list, Lockheed Martin has the highest 14-day RSI reading of 93.7.

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
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines