Disney and this AI stock are among the most oversold stocks this week and could be due for a bounce

The stock market clawed back from a global rout to finish higher Friday, but there still may be an opportunity for some names to rebound. Stocks had a rough start to the week. Disappointing payrolls data coupled with an unraveling of the yen "carry trade," not to mention concerns that the Federal Reserve has waited too long to cut interest rates, sent the major indexes reeling.

mountain Take-Two Interactive Software, year-to-date Other stocks that made the oversold group are artificial intelligence infrastructure play Super Micro Computer and Ulta Beauty . There are also some names that may have surged too high and may be due for some losses ahead. Here is a look at the most overbought names on the Street. Kellanova is one of those names. The stock has the highest RSI in the group at 87.2 and jumped 19% on the week.

mountain Axon Enterprise, year-to-date Lockheed Martin , which has an RSI of 84.9 and received an upgrade to outperform from sector perform at RBC earlier this week , is also in the group. Shares are up 21.7% this year. Northrop Grumman also made the cut with an RSI of 75.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Cramer looks at Disney's post-earnings stock move to explain Wall Street dynamicsCNBC’s Jim Cramer said investors want rate cuts but are also concerned by a lack of spending from consumers.
Source: nbcsandiego - 🏆 524. / 51 Read more »

Cramer looks at Disney's post-earnings stock move to explain Wall Street dynamicsCNBC’s Jim Cramer said investors want rate cuts but are also concerned by a lack of spending from consumers.
Source: NBCLA - 🏆 319. / 59 Read more »