Blackstone is one of this week’s most oversold stocks as investors face volatility
Investors sold shares of Blackstone this week as worries over the private credit space, along with high oil prices and the Iran war, shook the market. The fear that surging oil prices could lead to an environment of higher inflation combined with slower economic growth weighed on sentiment this week and dragged all three major indexes to losses. The Dow Jones Industrial Average lost about 2% on the week, while the S & P 500 and the Nasdaq Composite each fell more than 1%. Investors seemed to offload some stocks more than others amid this week’s pullback. CNBC Pro used its stock screener tool to find such names based on their 14-day relative strength index, or RSI. Stocks with a 14-day RSI below 30 are considered oversold and could be due for a potential trading rebound. On the other hand, a reading above 70 suggests that a stock is overbought, meaning that a slide may be on the horizon. Here were this week’s most oversold names: Blackstone dropped 3.3% on the week, ending up with an RSI reading of 23. Shares of Blackstone and other alternative asset managers have been selling off this month as investors seek redemptions from less-liquid private credit investments. Earlier this week, Bank of America reiterated its buy rating on Blackstone. “We expect a robust fundraising quarter from BX ($66B) after a very strong 4Q25 ($71B). Fundraising will be driven by credit and private equity,” wrote analyst Craig Siegenthaler. “BX’s pipeline of future IPOs is long including Copeland, Mobile.de, Ancestry.com, Liftoff Mobile, and Jersey Mike’s, and while timing is likely delayed these should be accelerants of future monetization activity.” The analyst’s new price objective of $157, down from $158, implies that shares could surge 47% from their Friday close. BX 5D mountain BX 5D chart Lennar also had an RSI of 23 and closed the week down more than 6%. This week, the homebuilder reported first-quarter earnings that came in at 93 cents per share, missing the FactSet consensus of 95 cents per share. Guidance for the current quarter on new orders was also short of the Street’s estimates. LEN 5D mountain LEN 5D chart Conversely, stocks in overbought territory this week included Dow . Chemical manufacturer Dow gained 10% on the week, posting an RSI of 71. Earlier this week, both KeyBanc Capital Markets and Citi upgraded the name to overweight and buy, respectively. Citi analyst Patrick Cunningham’s new price target of $40, up from $28, points to an upside of about 9% . “With the Iran conflict and closure of the Strait of Hormuz impacting global energy prices, capacity and shipments from the Middle East, and feedstock costs for Asian & European producers, we make significant upward forecast revisions to commodity chemicals,” the analyst wrote. DOW 5D mountain DOW 5D chart Fellow chemical manufacturer LyondellBasell Industries made the most overbought stocks list, with an RSI of 77. The stock closed the week nearly 8% higher. Similarly, both Citi and KeyBanc Capital Markets upgraded the name to buy and overweight. “We justify higher multiples on asymmetric upside risk from an extended conflict and a continued re-rating of North American assets,” Cunningham wrote.
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