These are the most overbought S&P 500 stocks as 2026 approaches
Wall Street's most overbought stocks for the last full trading week of the year included Merck & Co. and S&P Global.
TL;DR
- Major stock averages increased this week, with the S&P 500 leading with a 1.4% gain.
- CNBC Pro's stock screener identified overbought stocks with a 14-day RSI above 70, suggesting a potential pullback.
- Merck and S&P Global were flagged as overbought, with Merck up 5% and S&P Global up 3% for the week.
- Analysts provided positive outlooks for Merck due to stabilizing estimates and positive trials, and for S&P Global based on growth and margin targets.
- Oversold stocks with an RSI below 30, indicating a potential rebound, were also identified.
- Lennar, down 3% for the week, was identified as oversold following downgrades from multiple firms due to below-expectations results and guidance.
- Lamb Weston, DataDog, and Marathon Petroleum were also listed among the oversold stocks.