Investors appear to have exited a select group of stocks prematurely, hinting at the possibility of a rebound in the near future. As of Thursday, stocks continued to trend lower, following a significant dip the previous day, all while traders brace for a long three-day weekend due to an upcoming market holiday. The U.S. equity markets have experienced considerable fluctuations throughout April, particularly following President Donald Trump's announcement of so-called "reciprocal tariffs." This initiative has left global investors and trading partners guessing and on edge, given the unpredictable nature of the administration's trade policies.

Last week, President Trump made a notable decision to temporarily reduce a substantial portion of the import duties that were initially set to take effect. These changes included exemptions for certain high-tech goods, such as smartphones, computers, and chips, announced on Sunday. However, a blanket 10% tariff on imports from most countries remains intact, along with a staggering tariff exceeding 100% on goods imported from China. This back-and-forth trade policy has significantly impacted market sentiment, contributing to a nearly 10% decline in the S&P 500 index throughout 2025.

Despite the downward trend, some analysts are suggesting that the current selling and rush to safe-haven investments may be overdone in specific sectors. Utilizing data from LSEG, CNBC Pro conducted a screening to pinpoint the most oversold stocks on Wall Street, using the 14-day relative strength index (RSI) as a key metric. An RSI reading below 30 typically indicates that a stock may be oversold and primed for a rebound, while a reading above 70 suggests it may be overbought and could weaken further.

Among the stocks identified as oversold is Global Payments, whose shares have plummeted nearly 38% in 2025 and have dropped 18% just this week. Notably, the financial technology firm has an RSI of 27.5, signaling that the stock could be due for an upward trend following its recent intense selling pressure. Furthermore, analysts surveyed by LSEG have issued a consensus buy rating for Global Payments, with an average price target suggesting a remarkable upside potential of over 72% over the next 12 months.

In a strategic corporate move, Global Payments announced on Thursday its plans to acquire Worldpay for an impressive $22.7 billion, while also divesting its Issuer Solutions business. Another stock that made it onto the oversold list is AbbVie, a prominent player in the pharmaceutical sector, which has experienced a sharp decline of 19% over the last month. Health care stocks in general regained some ground last week after President Trump indicated a 90-day pause on some tariffs, including those on imported drugs.

AbbVie currently holds a 14-day RSI of 28.6, and like Global Payments, it also enjoys a consensus buy rating from analysts surveyed by LSEG. The average price target for AbbVie suggests a potential upside of approximately 24% moving forward.

In addition, CNBC is gearing up for an exciting event that promises to provide invaluable insights into today's dynamic financial landscape. The inaugural CNBC Pro LIVE event is set to take place at the historic New York Stock Exchange on Thursday, June 12. This exclusive gathering will feature interactive clinics led by industry experts such as Carter Worth, Dan Niles, and Dan Ives. Attendees can also look forward to a special edition of Pro Talks with renowned market analyst Tom Lee. Moreover, there will be ample opportunities to network with CNBC professionals and fellow Pro subscribers during a lively cocktail hour on the iconic trading floor. However, interested participants are urged to act quickly as tickets are limited.