News Formal

Microsoft is one of the most overbought stocks on Wall Street. Here are the others

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 72%

Corning Inc Nyheter

Investment Strategy,Stock Markets,NVIDIA Corp

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

The S & P 500 ended the week with a modest gain, but some names could soon be due for a pullback, according to one market metric. Even though it was an overall positive week for the market, with the broad market index posting a weekly gain of 0.6%, trepidation rose as the artificial intelligence-bolstered rally finally showed some signs of weakness. Shares of AI darling Nvidia fell 4% on the week, ringing alarm bells that the tech-dominated market might finally be overextended.

"We like GLW's positioning to participate in many mega trends in the coming years, but think current valuation captures the bulk of expected upside to estimates and are moving away from our given our view of a more balanced risk-reward," she wrote on June 13 On the other hand, American Airlines , with an RSI of 29, is among one of Wall Street's most oversold stocks. Shares have tumbled almost 19% year to date.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Main Street or Wall Street: Who Has the Correct Market Prespective?Stocks Analysis by Jeffrey Roach covering: S&P 500, Target Corporation. Read Jeffrey Roach's latest article on Investing.com
Källa: Investingcom - 🏆 450. / 53 Läs mer »

Stock market could drop 5% or more before end of 2024: Wall Street analyst warnsCFRA Research’s chief investment strategist said a tech-driven recent rally of share prices could come to an end after data for June showed that Americans were feeling gloomy about the econom…
Källa: nypost - 🏆 91. / 67 Läs mer »

Stock market today: Global shares mostly decline as Nvidia weighs on Wall StreetGlobal shares are mostly lower after a retreat on Wall Street, where a drop in Nvidia stock pulled stocks lower.
Källa: ksatnews - 🏆 442. / 53 Läs mer »

Stock market today: Global shares mostly decline as Nvidia weighs on Wall StreetGlobal shares are mostly lower after a retreat on Wall Street, where a drop in Nvidia stock pulled stocks lower. U.S. futures and oil prices fell. The Japanese government reported that the inflation rate ticked higher for the first time in three months, to 2.5% in May, up from 2.2% in April.
Källa: AP - 🏆 728. / 51 Läs mer »

Stock market today: Global shares mostly decline as Nvidia weighs on Wall StreetGlobal shares are mostly lower after a retreat on Wall Street, where a drop in Nvidia stock pulled stocks lower.
Källa: wjxt4 - 🏆 246. / 63 Läs mer »