Dear readers, there are currently five US stocks on NYSE and NASDAQ that are oversold. Each of these oversold stocks has a market capitalisation of more than US $10 Billion each and these oversold NYSE, NASDAQ stocks are:
BioMarin Pharmaceutical (BMRN)
Quest Diagnostics Incorporated (DGX)
Exact Sciences Corporation (EXAS)
Gilead Sciences, Inc (GILD)
Grifols, S.A (GRFS)
As always, the oversold US stocks screened out as above are just for information only. Oversold stocks does not mean that these stocks are poised to head north next. Worse, investors may catch a “falling knife”.
On the broader US stocks markets, my only comment is that all the major US indices are now higher that what should be expected against this market backdrop. I expect a global stock markets correction to hit the stock markets soon.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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