These stocks could be due for a bounce after a strong investor selling.
Wall Street is under pressure this week, but the selling in some individual names may have gone too far. The benchmark S & P 500 is on pace for its worst weekly performance in more than a year, losing more than 4%. Technology stocks were noticeably weak as investors pared exposure to the sector, pulling down the Nasdaq Composite more than 2%. A sluggish August jobs report also weighed on an already jumpy market susceptible to any sign of an economic growth slowdown.
" Analysts remain positive on the stock, with their average price targets implying more than 112% upside, per FactSet. Over the past week, the stock is down more than 11%. Still, it is up more than 36% for the year. Dollar General also made the oversold list, with an RSI of about 20. The stock has shed 34% since Aug. 29, when the company slashed its full-year outlook and reported disappointing second-quarter results. Executives blamed a more spending-conscious and cash-strapped consumer.
Markets Dollar General Corp Super Micro Computer Inc Dollar Tree Inc Clorox Co General Mills Inc Business News
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