News Formal

Nike is among the most overbought stocks in the S&P 500. Here are the others

  • 📰 CNBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

CNBC Pro used FactSet data to screen for the most overbought and oversold names in the S&P 500 based on their 14-day relative strength index, or RSI.

After taking a tumble this year, shares of Nike could be on track for further declines, according to one key metric. Stocks are seeing heavy losses this week. So far, the S & P 500 is down 1.8% on the week while the tech-focused Nasdaq Composite is trading about 2.5% lower. The Dow Jones Industrial Average has lost more than 1%.

Insurance giant Progressive is also deemed overbought. Shares of Progressive have gained 20% so far this year. Piper Sandler last week hiked its rating on Progressive to overweight from neutral, citing "stronger than expected September results." Other names on the list include Cigna , Cardinal Health , Allstate and Humana .

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 12. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Is It Time for Utilities Stocks to Stop Stinking up the Joint?Stocks Analysis by Chris Kimble covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Chris Kimble's latest article on Investing.com
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

Stock Market Has Stress Fractures but No Clear BreaksStocks Analysis by Michele Schneider covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Michele Schneider's latest article on Investing.com
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

5 Stocks Wall Street Believes Will Stage a Remarkable Recovery in 2024Stocks Analysis by Investing.com (Ismael De La Cruz) covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Investing.com (Ismael De La Cruz)'s latest article on Investing.com
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

How Deep Will the Current Stock Market Drawdown Go?Stocks Analysis by James Picerno covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read James Picerno's latest article on Investing.com
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »