economy
March 7, 2026
This homebuilding play is one of the most oversold stocks amid this week’s market turmoil
Builders FirstSource posted a double-digit decline on the week as the U.S.-Iran war and higher oil prices rattled the broader market.
TL;DR
- Builders FirstSource emerged as a highly oversold stock, dropping nearly 11% amid market turmoil due to war in Iran and rising oil prices.
- A stock with a 14-day RSI below 30 is considered oversold, suggesting a potential rebound.
- Mettler-Toledo International was the most oversold stock with an RSI of 18, despite a fourth-quarter earnings beat and raised fiscal year guidance.
- CF Industries (RSI of 78) and LyondellBasell Industries were identified as overbought stocks, influenced by rising fertilizer prices and the geopolitical conflict's impact on chemical production.
- RBC Capital Markets upgraded Builders FirstSource to 'outperform' due to attractive valuation after its recent pullback.
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