economy
Cisco is the most overbought stock in the S&P 500. Here are the others.
Cisco was the most overbought stock in the S&P 500 this week, meaning its shares could be due for a pullback, according to a CNBC Pro screener.
TL;DR
- The S&P 500 hit a record intraday high amidst a strong first-quarter earnings season.
- Cisco shares experienced a 22% one-week gain, driven by blowout earnings and robust AI orders, leading to an overbought status (RSI of 90).
- Zoetis shares dropped 10% and are trading at their lowest level since 2019 after a weaker-than-expected first quarter and reduced fiscal year guidance, making it oversold (RSI of 14.4).
- Other overbought stocks mentioned include Humana, Palo Alto Networks, and CVS Health.
- Domino's Pizza and Lululemon Athletica are among the other oversold stocks.
- Overbought stocks may be due for a pullback, while oversold stocks could be primed for a rebound.