economy

January 10, 2026

This defense contractor is among the most overbought on Wall Street this week after Trump comments

CNBC Pro used its stock screener tool to identify the market's most overbought and oversold stocks as measured by their 14-day relative strength index, or RSI.

This defense contractor is among the most overbought on Wall Street this week after Trump comments

TL;DR

  • Investors are rotating away from tech stocks into other market sectors.
  • Major U.S. indexes reached all-time highs, despite geopolitical concerns.
  • Consumer discretionary and materials sectors saw sharp gains this week.
  • Stocks with a 14-day Relative Strength Index (RSI) above 70 are considered overbought.
  • Stocks with an RSI below 30 are considered oversold.
  • L3Harris Technologies, Ulta Beauty, Target, Centene, and United Parcel Service are identified as overbought.
  • Apple, Campbell's, and Paramount Skydance are identified as oversold.
  • L3Harris Technologies' stock rose following a call for a large defense budget.
  • Ulta Beauty is trading at all-time high levels.
  • Apple's market capitalization was surpassed by Alphabet's, potentially due to its distance from the AI product race.
  • Paramount Skydance's stock fell after its takeover offer was rejected.

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