To be sure, those gains have pushed some stocks into overbought territory, based on their relative strength index.
A 14-day RSI reading above 70 indicates a stock is overbought, meaning it could be due for a pullback.
Check out the most overbought stocks in the S & P 500: Chipmaker and artificial intelligence beneficiary Nvidia is among the most overbought stocks on the list, with a 14-day RSI reading of 78.1.
Sneaker behemoth Nike also made the overbought cut with an RSI reading of 79.9.
Also on the oversold list is health care company DaVita , which has a 14-day RSI reading of 12.08.
Persons:
Goldman Sachs, behemoth Nike, McCormick, Jim Cramer, Ozempic, Dr Pepper
Organizations:
Dow Jones, Nvidia, FactSet, Nike, CME, Electronic Arts, Palo Alto Networks, Novo Nordisk, Constellation Brands
Locations:
McCormick, Novo