News Formal

These global stocks are the most overbought — and could be due for a pullback

  • 📰 CNBC
  • ⏱ Reading Time:
  • 12 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Stock Markets Nieuws

United States,Business News

CNBC Pro screened the S&P 500 and the Vanguard FTSE All-World ex-US ETF for the most overbought names, using a 14-day relative strength index of higher than 70.

Markets may have continued their run for much of this year after a bullish 2023, but stocks pulled back last week. The Dow Jones Industrial Average posted its worst weekly performance since March 2023 last week, while the S & P 500 declined nearly 1% — its biggest weekly loss since early January. Overall, however, markets — including global stocks — are still very much deep in positive territory. The S & P 500 is up around 9.6% year-to-date, and in fact hit new record highs in March .

Pro screened the S & P 500 and the Vanguard FTSE All-World ex-US ETF for the most overbought names, using a 14-day RSI of higher than 70. These are among the top overbought names in the S & P 500, according to FactSet.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 12. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

These are the cheapest stocks in the S&P 500 at the start of the second quarterCNBC Pro screened for names that may offer value.
Bron: CNBC - 🏆 12. / 72 Lees verder »