Investor Activity and Stock Performance This Week

Despite a general rise in stock prices this week, some companies, like Deere and Quanta Services, attracted more attention from investors. Major market indices increased after the Supreme Court ruled against former President Donald Trump’s emergency tariffs. On Friday, a mix of relief and early disappointing economic data helped lift share prices further.

Using a stock screening tool, CNBC Pro pinpointed stocks likely to rise or fall based on their 14-day Relative Strength Index (RSI). Stocks with an RSI above 70 are viewed as overbought and may be due for a decline, while those with an RSI below 30 are seen as oversold and might recover soon. Among the identified overbought stocks was Deere, which had an RSI of 78 and saw its stock rise almost 10% during the week. Notably, shares jumped nearly 12% on Thursday after the company raised its net profit outlook for the year and reported profits and sales growth for the first fiscal quarter. Following this, Morgan Stanley reaffirmed its Overweight rating on Deere, despite analyst Angel Castillo projecting a price target of $560, indicating a 15% drop is possible. He mentioned, “While final performance will preclude comment on NA Large Commodities trends, we expect a positive stock reaction to the solid beat and raise.”

Quanta Services also showcased strong performance this week, with its stock rising over 5% and registering an RSI of 73. Investors seemed confident after the company’s fourth-quarter earnings surpassed expectations. According to Bank of America analyst Sherif El Sabahy, the stock received a Buy rating, and the price target was raised to $610 from $500, suggesting a potential upside of about 10%.

On the opposite end, stocks like Blackstone and Apollo Global Management found themselves in oversold territory this week. Blackstone’s RSI stood at 27, and its stock has declined more than 6%. Meanwhile, Apollo Global Management showed an RSI around 28, losing over 4% for the week.