Oversold stocks may rebound after market downturn

The stock market has faced its fourth consecutive week of losses, with the S&P 500 down about 2.3% and 8.2% since February 19. The Nasdaq and Dow also fell, with the Dow experiencing its worst week in two years. Concerns about a potential U.S. recession and new tariffs have contributed to the market decline. President Trump mentioned a "period of transition" for the economy, while Treasury Secretary Bessent discussed a possible "detox period" due to reduced government spending. Despite the downturn, some stocks are considered oversold and may rebound. Delta Air Lines, Target, and Deckers Outdoor have low relative strength index scores, indicating potential for recovery. Delta's stock fell 12% last week, while Target hit a 52-week low.