11 Blue Chip Stocks That Are Currently Undervalued and Worth Buying

The stock market has been on a rollercoaster ride lately, with some blue-chip stocks experiencing significant declines. In this article, we will take a closer look at 11 oversold blue-chip stocks that are currently presenting buying opportunities for investors.

The S&P 500 Index has been performing well, but some megacap stocks have hit a snag and are in the red in terms of year-to-date performance. Apple Inc. and Tesla, Inc. are two such companies that have seen their stock prices plummet due to various challenges they are facing.

McDonald’s Corporation, one of the biggest fast-food chains in the world, is also on the list of oversold blue-chip stocks to buy right now. The company is facing demand destruction across its overseas operations and macroeconomic pressure in China.

Another notable stock on the list is The Boeing Company, which has been in the news for all the wrong reasons. A safety crisis involving one of its aircraft led to significant criticism and major shake-ups in the company’s leadership.

To create this list of oversold blue-chip stocks, a 14-day Relative Strength Index (RSI) was used to identify stocks with the lowest RSI values. The RSI is a technical indicator that tracks momentum changes in stock prices, with values below 30 indicating oversold conditions.

Overall, these oversold blue-chip stocks present buying opportunities for investors looking to capitalize on market fluctuations. With careful analysis and strategic investment decisions, investors can potentially benefit from the current market conditions.