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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. 
  • Five stocks to consider instead of NIKE.
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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
NIKE (NKE)
4.9288 of 5 stars		$57.17+2.9%2.80%17.65Moderate Buy$87.38
Coca-Cola (KO)
3.9408 of 5 stars		$69.87-4.5%2.92%28.29Buy$74.24
PepsiCo (PEP)
4.549 of 5 stars		$146.61-3.1%3.70%21.09Hold$169.88
American Express (AXP)
4.9154 of 5 stars		$233.50-5.8%1.40%16.67Hold$302.24
Salesforce (CRM)
4.7507 of 5 stars		$240.26-5.9%0.69%39.52Moderate Buy$361.42
International Business Machines (IBM)
4.1455 of 5 stars		$227.31-6.6%2.94%35.46Hold$231.13
Boeing (BA)
3.9168 of 5 stars		$136.61-9.5%6.02%-7.46Moderate Buy$196.10
Compare These Stocks  Add These Stocks to My Watchlist 

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