Although the S & P 500 Index has reached a record high this week, there are signs that certain stocks may call back. On Thursday, the broader market index rose to a new high this week, an increase of about 2%. This marks the first rising for the first time since the beginning of December. The Dow Jones Industry Average Index containing 30 stocks and the Nasdaq index based on technology stocks also increased by 2%. These benefits were achieved after the release of strong corporate profits such as Netflix and the enthusiasm for Trump’s government policy. In this context, CNBC Pro uses its stock screening tool to understand which stocks are superb and oversold by viewing the 14 -day relative intensity index (RSI). The 14 -day RSI higher than 70 means that the stock may be over -bought, and it may soon fall. Instead, RSI reads is lower than 30 that the stock is oversold and may rebound soon. GE Aviation is one of Wall Street’s most bought companies this week, with RSI 76.1. After the company announced that the revenue and net profit in the fourth quarter were better than expected, the stock increased by more than 7%. The London Stock Exchange Group (LSEG) said that although 18 of the 20 analysts of the company’s 20 analysts holding or strong buying rating for the company’s shares, GE Aviation Pacific may not have more operating space Essence The average target price is only 8.4%higher than the closing price on Thursday. Ge 5D Mountain has five days in the past five days, Ge Aerospace stock Arista Networks is another stock that appears over buy, and RSI scores 74.2 for 14 days. The stock rose 7.6%in the week, a 52 -week high on Friday. After President Donald Trump announced a $ 500 billion artificial intelligence project Stargate, the computer network company rose rapidly. Arista Networks is considered a potential winner of the joint venture. Piper Sandler analyst James Fish said that the contact between Arista Networks and Oracle, Microsoft and Openai may bring huge potential market opportunities within five years. According to LSEG data, the stock price of this technology company is nearly 13%higher than the consensus price target. The data storage company Seagate Technology has also reached a super -buying area. After the company’s second quarter profit and revenue exceeded expectations, the stock price has risen by more than 10% so far this week. The RSI reading of the stock is 76.7. Most analysts who are concerned about Seagate will rated them to buy or buy strongly, and predict that the stock price will increase by 13.2%over the closing price of Thursday. Electronic Arts is one of the most popular stocks this week, and RSI is only 8.1. On Wednesday, after a sharp decline in the guidance of the net reservation throughout the year, the stock plummeted 16.7%, setting the worst day since the Internet bubble. Casino and Resort stocks Las Vegas Sands Group is another company that has not performed well but may soon come to a comeback. The RSI of the stock is 27.2. Among the analysts of the Las Vegas Sands Group, 15 of the 20 analysts currently hold or strongly buy rating. The average target price means that this one that has been hit hard will have more than 36% of the potential in the future. LVS this year so far
As the S & P 500 Index hit a record high, these are the most bought stocks in Wall Street | Real Time Headlines
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