Recent market losses may present a buying opportunity for stocks including Match Group and PepsiCo , based on one popular metric. The market has had a wild ride this week. On Tuesday, the Dow Jones Industrial Average dropped 1.3% — marking its biggest one-day loss since March. The 30-stock average was up more than 300 points on Friday. The S & P 500 entered Friday's session down for the week, but a 1% rally put it on track to snap a four-week slide.
last week initiated Match Group with a hold rating and $47.10 price target. JPMorgan named it a 'top pick' in mid-September and increased its price target on the company, saying the online dating sector can still grow in double-digits. Home Depot is also oversold, with a 14-day RSI of 8.12. Earlier this week, JPMorgan analyst Christopher Horvers suggested that Home Depot still faces an earnings risk.
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