Pressure on Wall Street this week may have been overdone for a handful of stocks. Economic uncertainty stemming from President Donald Trump’s tariffs on Mexico, Canada and China has stoked volatility and left investors uneasy. Even though President Trump has walked back temporarily the duties on a wide array of goods coming into the U.S., Wall Street is still jittery as it has become apparent that the president can easily change his mind and reverse course. This week’s market moves erased gains for the S & P 500 in 2025. The broad market index is now down 1.9% this year. The technology-heavy Nasdaq Composite is down 5.7%, while the Dow Jones Industrial Average is holding on to a 0.6% year-to-date gain. However, the sell-off may have been overdone for stocks including Hewlett Packard Enterprise and American Express . To find these names, CNBC Pro screened FactSet data for stocks that are technically oversold when measured by their 14-day relative strength index, or RSI. A stock with a 14-day RSI below 30 indicates shares are oversold and could be due for a rebound. Conversely, a stock with a 14-day RSI above 70 could mean shares have gone too far, too fast and could see a pullback. Hewlett Packard Enterprise stock has pulled back more than 20% this week. The information technology company issued a weaker-than-expected outlook for the second quarter on Thursday, and said it planned to lay off 2,500 workers, or roughly 5% of its workforce. The news came after first-quarter earnings matched analysts’ estimates, while revenue came in slightly ahead of forecasts. HPE YTD mountain Hewlett Packard Enterprise stock. However, the sell-off may have been overdone. Hewlett Packard’s 14-day RSI of 9.65 is the lowest on the oversold list. Analysts polled by LSEG maintain a consensus buy rating on the stock, with their average price target calling for more than 56% upside. American Express also made the list. The credit card company’s stock has fallen nearly 8% in 2025. The broader banking sector has seen steep declines this year, despite the segment being a key beneficiary of Trump’s election last November over hopes of greater visibility into regulation. AXP YTD mountain American Express stock. The stock’s 14-day RSI of 23.49 could signal shares are due for an uptick. Consensus price targets from analysts polled by FactSet suggest shares could rise more than 17% as of Thursday’s close. American Express recently increased its quarterly dividend by more than 17% and announced plans Thursday to acquire expense management startup Center. Among overbought names, Yum Brands and Verizon popped up, with 14 day RSI readings of 82.13 and 75.34, respectively.
The oversold stocks due for a technical bounce after a brutal week
