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Overbought Stocks

Overbought Stocks

3.52k followers11 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.

11 Symbols

  • Financial Times

    Why Cisco’s OpenRoaming could transform access to WiFi

    The remote Orkney Islands off northeastern Scotland may seem an unlikely frontier for the future of connectivity, but alongside the Canary Wharf business district in London, they are one of just two testing grounds for a new technology that promises to streamline access to the internet. OpenRoaming, which has been developed by US network equipment maker Cisco, allows users to connect automatically to trusted WiFi providers without ever having to go through a login process, mirroring the kind of seamless connections that users take for granted as they move around mobile networks with their smartphones. Combined with the latest generation of wireless WiFi 6 tech and 5G phone coverage, the potential for superfast, uninterrupted internet access is huge.

  • GuruFocus.com

    US Indexes Close Higher Thursday With China Trade Developments

    President Trump likely to sign limited trade agreement before Sunday Continue reading...

  • MarketWatch

    Dow's 225-point climb highlighted by gains for Cisco, JPMorgan Chase shares

    DOW UPDATE Led by strong returns for shares of Cisco and JPMorgan Chase, the Dow Jones Industrial Average is climbing Thursday afternoon. The Dow (DJIA) was most recently trading 227 points, or 0.8%, higher, as shares of Cisco (CSCO) and JPMorgan Chase (JPM) are contributing to the index's intraday rally.

  • MarketWatch

    Dow climbs 150 points on gains in Cisco, JPMorgan Chase shares

    DOW UPDATE Shares of Cisco and JPMorgan Chase are seeing strong returns Thursday morning, propelling the Dow Jones Industrial Average into positive territory. Shares of Cisco (CSCO) and JPMorgan Chase (JPM) have contributed to the blue-chip gauge's intraday rally, as the Dow (DJIA) is trading 152 points, or 0.

  • Barrons.com

    Ciena Missed Earnings Forecasts. Here’s Why Its Stock Is Surging.

    Revenue at the optical networking company was higher than expected, but per-share profit fell short.

  • Benzinga

    Cramer Gives His Opinion On Synopsys, Cisco And More

    On CNBC's "Mad Money Lightning Round," Jim Cramer said Synopsys, Inc. (NASDAQ: SNPS ) is a buy. He thinks the company is doing better than the stock indicates. Lockheed Martin Corporation (NYSE: ...

  • Dow Jones Today Jumps Ahead Of White House China Trade Meeting; Starbucks Rumbles, These 4 Blue Chips In Buy Range
    Investor's Business Daily

    Dow Jones Today Jumps Ahead Of White House China Trade Meeting; Starbucks Rumbles, These 4 Blue Chips In Buy Range

    Starbucks staked out an early lead, as the Dow Jones today led the stock market higher ahead of a White House meeting on China trade issues.

  • MarketWatch

    Dow jumps 150 points on gains for Caterpillar, Cisco shares

    DOW UPDATE Powered by positive growth for shares of Caterpillar and Cisco, the Dow Jones Industrial Average is up Thursday morning. The Dow (DJIA) was most recently trading 153 points (0.6%) higher, as shares of Caterpillar (CAT) and Cisco (CSCO) are contributing to the blue-chip gauge's intraday rally.

  • Baker Hughes' Texas Facilities to be Powered by Renewables
    Zacks

    Baker Hughes' Texas Facilities to be Powered by Renewables

    With the help of the renewable deal with EDF Energy, Baker Hughes (BKR) expects to reduce emissions by 1.2 million metric tons of CO2 equivalent through the next 10 years.

  • Cisco Enters Chip Market: Should AVGO, INTC, ANET Take Note?
    Zacks

    Cisco Enters Chip Market: Should AVGO, INTC, ANET Take Note?

    Cisco (CSCO) ups its game in networking chip market with Silicon One Q100, putting Broadcom, Intel, Arista Networks, and Juniper Networks at risk.

  • CEO Chuck Robbins: Silicon launch is biggest company news in years
    American City Business Journals

    CEO Chuck Robbins: Silicon launch is biggest company news in years

    Cisco's "Internet for the Future" launch is a massive development for the company, CEO Chuck Robbins told the Business Journal.

  • TheStreet.com

    [video]Cisco's Bold Strategy Change Could Boost its Cloud Exposure

    In a challenge to Broadcom and others, Cisco plans to sell a new switching/routing processor and license its routing software to other hardware makers.

  • SoftBank Vision Fund’s Praveen Akkiraju Is Stepping Down
    Bloomberg

    SoftBank Vision Fund’s Praveen Akkiraju Is Stepping Down

    (Bloomberg) -- SoftBank Vision Fund managing partner Praveen Akkiraju is stepping down from the behemoth investment vehicle to explore working with early stage startups in either an operational or investment role.Akkiraju joined SoftBank in April 2018 and was previously the chief executive officer of Viptela, a cloud software company that was acquired by Cisco Systems Inc. His departure was confirmed by a Vision Fund spokeswoman.Axios earlier reported Akkiraju’s exit. The outlet noted that Deep Nishar, a senior managing partner, will assume many of Akkiraju’s responsibilities including his board seat at Automation Anywhere. SoftBank’s Vision Fund invested $300 million in the San Jose, California-based robotic process automation company last November.SoftBank has raised roughly $2 billion for its second Vision Fund so it can start making new investments, people familiar with the matter said last month.Akkiraju’s departure follows the resignation of London-based Vision Fund partner David Thevenon.Akkiraju didn’t immediately respond to a request for comment.(Updates with second Vision Fund details. A previous version of this story corrected the size of first fund in story link.)To contact the reporters on this story: Giles Turner in London at gturner35@bloomberg.net;Gillian Tan in New York at gtan129@bloomberg.netTo contact the editors responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net, Robin Ajello, Jillian WardFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is Antero Midstream Corp (AM) Going To Burn These Hedge Funds?
    Insider Monkey

    Is Antero Midstream Corp (AM) Going To Burn These Hedge Funds?

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]

  • Cisco Enters Chip Market, Supplying Microsoft, Facebook
    Bloomberg

    Cisco Enters Chip Market, Supplying Microsoft, Facebook

    (Bloomberg) -- Cisco Systems Inc. has started supplying switch chips to major data-center operators, including Microsoft Corp. and Facebook Inc., opening up a new avenue to win orders from some of its largest networking-equipment customers.Cisco Silicon 1 is a switch semiconductor that’s already being used by Microsoft and Facebook in crucial networking equipment, the companies said Wednesday at an event in San Francisco. San Jose, California-based Cisco is now offering the chips, which it says are the fastest in the industry, to all of its customers, regardless of whether they buy its networking machinery. Previously Cisco’s chips were only available as components of its machines.The shift toward standalone chip sales is another departure from the business model that made Cisco one of the biggest companies in the technology industry. Cisco’s expensive proprietary combinations of hardware and software make up the backbone of much of the internet and corporate networks, and these products generate the bulk of the company’s revenue. The new initiative has the potential to attract business from customers who want to build their own machines instead of buying whole packages. It also puts Cisco in direct competition with its suppliers, Intel Corp. and Broadcom Inc., which also make switch chips that the networking equipment maker uses in some of its products.“From today -- and this is something that some of you never thought we’d do -- some of our customers will buy our silicon and build their own products if that’s what they choose to do,” Chief Executive Officer Chuck Robbins said at the event. “We really want our customers to consume this technology in any way they want.”As the internet infrastructure business moves away from suppliers who provide all the needs through locked-down combinations of hardware and software, Robbins has been pushing Cisco to adapt by becoming a bigger supplier of networking services and software. On his watch, software has risen to provide about 11% of revenue. Hardware still generates more than half of sales.Cisco shares rose less than 1% to $44.24 at 2:02 p.m. in New York. The stock gained 1.8% this year through Tuesday’s close.The move into selling components is an attempt to win orders from the hyperscalers, such as Microsoft, Google and Amazon.com Inc.’s AWS, a group that has increasingly turned away from Cisco’s offerings and equipped their data centers with computers and networking gear designed in house. Those big cloud-computing vendors contribute as little as 2% of Cisco’s total sales, according to Raymond James analyst Simon Leopold.Switch chips perform the crucial function of deciding where packets of data should go in a network of computers. They are designed to handle that task at great speed, and only a few companies have been successful in the market. Broadcom is the biggest provider of this type of chip as an individual component and has as much as 80% share, Leopold said. Intel took a bigger interest in the market in June when it bought startup Barefoot Networks.Cisco’s new offering will combine the attributes of both switch and routing chips, the company said. It’ll be able to move data very quickly and still be programmable, carrying the ability to have its function changed. Routing, directing traffic among networks, is typically conducted by groups of chips that bring other attributes but are unable to direct data fast enough for modern internet traffic loads. One chip providing all of the functions will simplify the operation of networks by eliminating the need for different layers of software, Cisco executives said.Offering up what was previously guarded as a proprietary advantage shows a flexibility at Cisco that has been increasing as Robbins works to transform the company. Analysts predict the build-it-yourself approach to networking, pioneered by the large cloud-service operators, over time will be copied by companies looking to reduce the cost of their data-center spending. That corporate market is one of Cisco’s biggest sources of revenue.Cisco’s equipment, including its chips, is designed by the company and manufactured by a third party, which it hasn’t identified.The company also announced a new router machine at the event, designed to better serve as the backbone for new fifth generation, or 5G, cellular networks. The Cisco 8000 will be based on the new chip. The company also unveiled plans for products that will support faster data transmission speeds over fiber-optic cables. Like the rest of the networking industry, Cisco is positioning itself to be a main provider of equipment for the predicted surge in internet traffic and data created by the proliferation of mobile systems.(Updates with comment from Cisco CEO in the fourth paragraph.)To contact the reporter on this story: Ian King in San Francisco at ianking@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Another driller plans to sell assets in Marcellus, Utica
    American City Business Journals

    Another driller plans to sell assets in Marcellus, Utica

    Another big name in the Appalachian shale play plans to sell off assets in 2020. Antero Resources Corp. (NYSE: AR), a pure-play in the Marcellus and Utica with a big presence in West Virginia, announced plans to sell between $750 million and $1 billion in assets in 2020 in an effort to reduce its debt. Antero is the largest natural gas producer in West Virginia, with 547 million cubic feet of production in 2017, according to data from the West Virginia Oil and Natural Gas Association.

  • Cisco says its new silicon, software, router products will 'change the economics of the Internet'
    American City Business Journals

    Cisco says its new silicon, software, router products will 'change the economics of the Internet'

    “Today is the moment when we enter a new phase of the Internet,” Jonathan Davidson, the senior vice president and general manager of Cisco’s service provider business, said in a blog post.

  • Hedge Funds Are Selling Equitrans Midstream Corporation (ETRN)
    Insider Monkey

    Hedge Funds Are Selling Equitrans Midstream Corporation (ETRN)

    The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]

  • Facebook, Google plummet in Glassdoor rankings of top companies to work for
    American City Business Journals

    Facebook, Google plummet in Glassdoor rankings of top companies to work for

    Facebook Inc. and Alphabet Inc.-owned Google have both dropped out of the top 10 of Glassdoor's annual Employees’ Choice Awards "best places to work" awards, a sharp decline for a pair of Silicon Valley giants that have long been known for their sky-high salaries and cushy employee perks. The No. 1 company on Glassdoor's list, released Wednesday and based on ratings from employees on the career website, is Cambridge, Massachusetts software maker HubSpot. The highest-ranked Bay Area company is DocuSign, Inc., at No. 3.

  • Stifel (SF) to Sell Subsidiary, Boost Operating Efficiency
    Zacks

    Stifel (SF) to Sell Subsidiary, Boost Operating Efficiency

    Stifel's (SF) recent decision to sell its asset management subsidiary set to improve the company's operating efficiency.

  • Cenovus to Increase 2020 Capital Investment & Production
    Zacks

    Cenovus to Increase 2020 Capital Investment & Production

    Cenovus Energy (CVE) expects 70% of 2020 capital spending to be used for sustaining production levels, primarily at the Foster Creek and Christina Lake oil sands operations.

  • Equitrans Midstream (ETRN) Catches Eye: Stock Jumps 5.5%
    Zacks

    Equitrans Midstream (ETRN) Catches Eye: Stock Jumps 5.5%

    Equitrans Midstream (ETRN) saw a big move last session, as its shares jumped more than 5% on the day, amid huge volumes.

  • Enbridge Hikes 2020 Dividend, Expects Y/Y Higher EBITDA, DCF
    Zacks

    Enbridge Hikes 2020 Dividend, Expects Y/Y Higher EBITDA, DCF

    Enbridge (ENB) hikes dividend for 2020, which is set to be the 25th successive year of dividend increase by the leading midstream energy infrastructure provider.

  • Should You Buy Public Service Enterprise Group Incorporated (NYSE:PEG) For Its Dividend?
    Simply Wall St.

    Should You Buy Public Service Enterprise Group Incorporated (NYSE:PEG) For Its Dividend?

    Dividend paying stocks like Public Service Enterprise Group Incorporated (NYSE:PEG) tend to be popular with investors...

  • This new publicly traded company is going to transform how the antiquated United States Postal Service communicates
    Yahoo Finance

    This new publicly traded company is going to transform how the antiquated United States Postal Service communicates

    Zoom Video Communications is about to do its part to save the USPS.