After losing nearly 30% this year, shares of CVS Health could see a comeback according to one popular metric. The S & P 500 ended the week higher by 2.5%, closing its best weekly performance since June. The Dow Jones Industrial Average and the Nasdaq Composite also added 1.4% and 3.3% for the week, respectively. Both indexes notched their biggest weekly advances since July as investors parsed fresh data showing signs of a slowing economy and easing pricing pressures.
Dollar Tree is also oversold, with an RSI of 13.87. The discount retailer has an upside of 25.4%, according to FactSet, and nearly 36% of analysts rate it a buy. Shares of Dollar Tree have slumped 16% in 2023. The company posted beats on the top and bottom lines for its latest quarter, but narrowed its outlook for earnings. Other oversold names include food processing company General Mills , financial services giant Citi and gas and electric company PG & E .