Humana Tops S&P 500 Overbought List With 100% Rally as Meta, Adobe Turn Oversold

1 articles · Updated · CNBC · Jun 13

Humana led CNBC Pro’s overbought screen after more than doubling since the March 30 market bottom, using a 14-day RSI above 70 to flag stocks that may be stretched.
Three healthcare names made the overbought list—Humana, CVS and Cardinal Health—as the sector held up in a choppy week when investors rotated out of chip stocks and watched U.S.-Iran developments.
KLA also looked overbought after a nearly 30% weekly jump, including a 13% surge Thursday, as Oracle’s spending outlook reinforced strong chip-demand expectations.
Few stocks screened as oversold after the broader market’s rebound, with Meta down 11% in June, Autodesk off 14% for the week and Adobe sliding 6% Friday after its CFO exit and softer ARR growth forecast.
The S&P 500 still finished higher for the 10th time in 11 weeks, even after a volatile stretch that included a nearly 3% drop last week.

Sources

Left100%

With its CFO gone but AI demand booming, is Adobe a massive bargain or a falling knife?

As a U.S.-Iran deal nears, will this geopolitical thaw ignite a new surge in the hot stock market?

Now the world's first trillionaire, how will Musk's space-based AI centers challenge big tech on Earth?

1 total

Left100%