Here are the stocks analysts believe could soon rally, as well as the ones that may be due for a correction.
During a busy week for Wall Street — including Nvidia's earnings announcement and Federal Reserve Chair Jerome Powell's Jackson Hole speech — investors are favoring certain stocks over others. The S & P 500 and the Nasdaq Composite managed to break a three-week losing streak, gaining 0.7% and 0.9%, respectively. Meanwhile, the 30-stock Dow Jones Industrial Average ticked down for the second consecutive week.
mountain Insulet Corp shares Clothing brand Ralph Lauren has the lowest 14-day RSI of 2.9 on the list. The company's average price target suggests more than 21% upside potential. Shares have lost nearly 15% in August following the company's fiscal first-quarter earnings announcement earlier in the month. Investor sentiment took a negative turn after the company failed to raise its guidance for the full-year. To be sure, analysts aren't so sure on the stock. Just 36.
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