Stock market volatile, S&P 500 and Nasdaq down, inflation fears rise, opportunity for oversold stocks.

From Yahoo Finance: 2025-03-30 18:59:00

The stock market is experiencing significant volatility, with the S&P 500 down nearly 2% and the Nasdaq over 2.5% in the red. Inflation fears have intensified due to new tariffs and a higher-than-expected core Personal Consumption Expenditures index reading. However, this presents an opportunity for outperformance, especially for oversold stocks. Noble Corporation plc (NYSE:NE) is one such stock, an offshore drilling contractor for the oil and gas industry. Analysts have a high target price of $44 for NE, with revenue projections of $3.25 billion to $3.45 billion and an expected EBITDA range of $1.05 billion to $1.15 billion in 2025. CFO Richard Baker remains optimistic about the company’s prospects, anticipating increased free cash flow. NE ranks 8th on the list of oversold stocks to buy in 2025 amid inflation fears, but some AI stocks may offer greater potential returns.



Read more at Yahoo Finance: Among the Oversold Stocks to Buy in 2025 Amid Inflation Fears