These 3 Stocks Are Screaming Oversold: Seize the Opportunity

The stock market’s impressive and resilient performance in 2024, with the SPDR S&P 500 ETF NYSE: SPY up over 21% YTD and trading at all-time highs, has led many investors to chase high-flying stocks at all-time highs. However, this approach can be risky as stocks stretched to the upside might face corrections. Instead, focusing on oversold stocks that offer solid risk-to-reward ratios may be more rewarding. Identifying oversold stocks can be done using several strategies: valuation metrics like P/E ratios, ...