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Overbought Stocks

Overbought Stocks

5.10k followers0 symbols Watchlist by Yahoo Finance

Follow this list to discover and track stocks that have been overbought as indicated by the RSI momentum indicator within the last week. A stock is overbought when the RSI is above 70. This list is generated daily, ranked based on market cap and limited to the top 30 stocks that meet the criteria.

Curated by Yahoo Finance

Follow this list to discover and track stocks that have been overbought as indicated by the RSI momentum indicator within the last week. A stock is overbought when the RSI is above 70. This list is generated daily, ranked based on market cap and limited to the top 30 stocks that meet the criteria.

Background

Yahoo Finance employs sophisticated algorithms to monitor and detect trends in the Global Financial Markets. We bring these insights to you in the form of watchlists.

Find other winning investment ideas with the Yahoo Finance Screener.

How are these weighted?

The stocks in this watchlist are weighted equally.

Performance

WatchlistChange Today1 Month Return1 Year ReturnTotal Return
Overbought Stocks----
^GSPC+0.06%+6.32%+14.82%+3503.53%

0 Symbols

SymbolCompany NameLast PriceChange% ChangeMarket TimeVolumeAvg Vol (3 month)Market Cap
  • ‘Live at the Ryman’ Series Looks to Marry PPV Livestreams With Limited Live Attendees, Citing ‘History in the Making’
    Variety

    ‘Live at the Ryman’ Series Looks to Marry PPV Livestreams With Limited Live Attendees, Citing ‘History in the Making’

    Are concert-starved music fans ready to pony up for livestream subscription series involving different artists every week? And is it time for established music venues to start experimenting with letting very small and spaced-out audiences back in their doors? These may seem like two separate questions. But they're not when it comes to the storied […]

  • Trump Orders Extended Jobless Benefits, Payroll Tax Deferral
    Bloomberg

    Trump Orders Extended Jobless Benefits, Payroll Tax Deferral

    (Bloomberg) -- President Donald Trump announced four executive actions on Saturday, including continued expanded unemployment benefits and a temporary payroll tax deferral for some workers, as the coronavirus pandemic continues to hobble the U.S. economy.Trump also ordered continued eviction protection and student-loan relief. The moves could jeopardize negotiations with congressional Democrats over an additional coronavirus relief package, with the two sides trillions of dollars apart on key issues, including aid to state governments and the amount of supplementary unemployment benefits. The president, though, said he’d continue to negotiate with Democrats -- who said Saturday’s measures “provide little real help to families.” Trump’s “meager” policy announcements were “unworkable, weak and narrow,” and by pushing off payroll taxes for some, “endanger seniors’ Social Security and Medicare,” House Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer said in a joint statement.“What Democrats primarily want is bailout money -- has nothing to do with” the coronavirus, Trump said during a news conference at his golf club in Bedminster, New Jersey. “We’re not willing to do that.”Tax DeferralsTrump said his action authorizes the U.S. Treasury to allow companies to defer payroll taxes for Americans making less than $100,000 a year from Sept. 1 through Dec. 31. He said if he’s re-elected in November, he may extend the deferral and terminate the tax for some workers.”This fake tax cut would also be a big shock to workers who thought they were getting a tax cut when it was only a delay,” Senator Ron Wyden, the ranking Democrat on the Senate Finance Committee, said in a statement. “These workers would be hit with much bigger payments down the road.”The president said another order would provide $400 a week in jobless benefits -- down from $600 weekly that had been provided through last week, authorized by a Congressional stimulus bill in March -- and that states would be responsible for covering 25% of the cost.To act on his own, the president is relying on an expansive and controversial reading of executive power that likely will face legal challenges. Trump’s advisers say executive action could pressure Democrats to reduce their demands and allow him to argue to voters that he’s looking out for their well-being amid congressional inaction.Alienating DemocratsBut the gambit risks alienating Democratic lawmakers and decreasing the odds for a deal that both sides say is necessary to help the economy recover from a pandemic that’s decimated industries and left nearly 160,000 Americans dead so far.Democrats criticized the president when he threatened the move during negotiations, saying the administration would be better off returning to the bargaining table. White House Chief of Staff Mark Meadows and Treasury Secretary Steven Mnuchin had been meeting throughout the week with Schumer and Pelosi to try to craft a deal, without success.Of the $3.7 trillion Congress has authorized for the coronavirus response, there is still $1.5 trillion yet to be spent or committed, according to an analysis from the Committee for a Responsible Federal Budget. The White House, though, has limited authority to redirect the unused money without Congress’s approval.Because the president can’t cut taxes on his own, Trump is simply delaying the due date for the payroll tax, which is paid jointly by employers and employees. The administration hopes employers will stop withholding the money from Americans’ paychecks, with voters in turn pressuring Congress to eventually pass legislation forgiving the accumulated amount.Employer UncertaintyBut employers may decide simply to do nothing in the face of uncertainty, fearing that if Congress fails to act, they could be stuck trying to claw back money from their employees to settle their obligations to the Internal Revenue Service.The president’s effort to unilaterally extend additional unemployment benefits to Americans after a $600 enhanced weekly benefit expired at the end of July may also face logistical challenges.Renewing the payments has been a key sticking point in negotiations on Capitol Hill. Democrats favored extending the $600 weekly amount through January or beyond, while Republicans sought a reduction, saying that the benefit was so generous that Americans were choosing not to return to work.The administration says that about $81 billion has yet to be spent and could be provided to unemployed Americans, though some states have already committed their funds for health care, distance learning and housing assistance. And even if states do use the money for an expanded unemployment benefit, it’s unlikely to match the previous $600.Eviction MoratoriumSome 10.2% of Americans are unemployed, a government report showed Friday. That’s just above the peak following the 2008 financial crisis, but a marked decline from almost 15% at the height of the pandemic.The president’s eviction moratorium expands the congressionally approved version that expired in July.Trump directed the Department of Housing and Urban Development to extend protection for renters in federally backed housing, mirroring the previous stimulus legislation that shielded around a third of the nation’s renters. Those who live in buildings with federally backed mortgages or loans would be shielded from eviction proceedings.Around one in five American renters -- between 19 million and 23 million people -- are at risk of eviction by the end of September, according to an analysis by the Aspen Institute.Unlike the payroll tax cut, Democrats have said they would support the president acting unilaterally to suspend evictions. But Pelosi said the government would eventually need to give either landlords or renters money to settle accumulating late rent payments.Democrats are also unlikely to object to the president’s bid to extend emergency relief for Americans with student loans.Earlier this year, Trump moved to stop the accrual of additional interest on federal student loan payments. Congress later moved to allow borrowers to skip payments due to the coronavirus, meaning some could effectively put their loans on hold, interest free.Those benefits are set to expire on Sept. 30.(Updates with Pelosi, Schumer comments from third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.