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Rebound Rallies? The Dow's 2 Most Oversold Stocks Are Stabilizing

Written by MarketBeat Staff
June 13, 2023

Key Points

  • The Dow officially entered the bull arena on May 8th, but 17 of the Dow’s 30 components have underperformed since that time.
  • Nike fell out of favor due to persistent inventory issues and is the most oversold stock in the Dow. 
  • However, investors are starting to look past Nike’s near-term challenges and towards its longer term growth prospects.
  • Coca-Cola is experiencing a significant correction, one that has historically served as a favorable entry point. 
  • Wall Street's bullish sentiment on Coke hasn't wavered. 
  • Interested in NIKE? Here are five stocks we like better.

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Should You Invest $1,000 in NIKE Right Now?

Before you consider NIKE, you'll want to hear this.

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While NIKE currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
NIKE (NKE)
4.86 of 5 stars		$81.17-0.7%1.97%25.05Moderate Buy$89.77
Coca-Cola (KO)
4.5344 of 5 stars		$70.80-1.0%2.88%28.67Buy$73.82
PepsiCo (PEP)
4.7952 of 5 stars		$151.51-3.1%3.58%21.80Hold$171.47
American Express (AXP)
4.5893 of 5 stars		$295.86+0.9%0.95%21.12Hold$296.38
Salesforce (CRM)
4.8208 of 5 stars		$307.19+0.4%0.52%50.53Moderate Buy$374.47
International Business Machines (IBM)
4.5729 of 5 stars		$255.62-0.8%2.61%39.88Hold$231.44
Boeing (BA)
3.9433 of 5 stars		$173.02-2.9%N/A-9.44Moderate Buy$195.16
Compare These Stocks  Add These Stocks to My Watchlist 

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