CME Group is the most oversold financial stock as Q1 earnings roll on

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As the market moves into the second week of Q1 earnings, we look at the most oversold stocks in the financial sector.

Below is a list of the top 10 financial sector stocks ranked based on their lowest Relative Strength Index readings.

The list is topped by CME Group (CME [https://seekingalpha.com/symbol/CME]), with an RSI of 34. Berkshire Hathaway (BRK.A [https://seekingalpha.com/symbol/BRK.A]) and MarketAxess Holdings (MKTX [https://seekingalpha.com/symbol/MKTX]) follow closely behind, with Tradeweb Markets (TW [https://seekingalpha.com/symbol/TW]) and W. R. Berkley Corporation (WRB [https://seekingalpha.com/symbol/WRB]) rounding out the top five.

The list represents diverse segments of the financial industry, including financial exchanges and data providers, insurance companies, and major brokerage institutions like Charles Schwab (SCHW [https://seekingalpha.com/symbol/SCHW]). All stocks on this list maintain an RSI below 50.

The Relative Strength Index is a momentum oscillator that measures the velocity and magnitude of price changes, plotting them on a scale from 0 to 100. RSI compares the magnitude of recent gains to recent losses over a chosen lookback period, typically 14 days.

RSI readings of 70 or above are generally considered a signal that a stock may be overbought and potentially poised for a pullback. An RSI below 30 indicates that a stock may be oversold, signaling that intense selling pressure has potentially driven the price below its fair value.

Here is the list:

*
CME Group Inc. (CME [https://seekingalpha.com/symbol/CME]), Market Cap: 103.18B, RSI: 34

*
Berkshire Hathaway Inc. (BRK.A [https://seekingalpha.com/symbol/BRK.A]), Market Cap: 1.01T, RSI: 35

*
MarketAxess Holdings Inc. (MKTX [https://seekingalpha.com/symbol/MKTX]), Market Cap: 5.84B, RSI: 37

*
Tradeweb Markets Inc. (TW [https://seekingalpha.com/symbol/TW]), Market Cap: 27.04B, RSI: 38

*
W. R. Berkley Corporation (WRB [https://seekingalpha.com/symbol/WRB]), Market Cap: 24.49B, RSI: 42

*
The Charles Schwab Corporation (SCHW [https://seekingalpha.com/symbol/SCHW]), Market Cap: 159.85B, RSI: 43

*
Home BancShares, Inc. (HOMB [https://seekingalpha.com/symbol/HOMB]), Market Cap: 5.28B, RSI: 44

*
Prudential Financial, Inc. (PRU [https://seekingalpha.com/symbol/PRU]), Market Cap: 33.55B, RSI: 45

*
Intercontinental Exchange, Inc. (ICE [https://seekingalpha.com/symbol/ICE]), Market Cap: 89.85B, RSI: 45

*
Jack Henry & Associates, Inc. (JKHY [https://seekingalpha.com/symbol/JKHY]), Market Cap: 11.22B, RSI: 46

Financials ETFs: (XLF [https://seekingalpha.com/symbol/XLF]), (VFH [https://seekingalpha.com/symbol/VFH]), (IYF [https://seekingalpha.com/symbol/IYF]), (FNCL [https://seekingalpha.com/symbol/FNCL]), (IYG [https://seekingalpha.com/symbol/IYG]), and (FXO [https://seekingalpha.com/symbol/FXO])

MORE ON FINANCIALS STOCKS

* IYG: Built On Strength - Berkshire's Cash Hoard To Visa's Global Network [https://seekingalpha.com/article/4892312-iyg-built-on-strength-berkshire-cash-hoard-to-visa-global-network]
* Big Bank Earnings: Resilience And Concern [https://seekingalpha.com/article/4891932-big-bank-earnings-resilience-and-concern]
* Big Bank Earnings Roundup [https://seekingalpha.com/article/4891852-big-bank-earnings-roundup]
* Wilson Bank is the most overbought financial stock as Q1 earnings roll on [https://seekingalpha.com/news/4577027-wilson-bank-is-the-most-overbought-financial-stock-as-q1-earnings-roll-on]
* Earnings Scoreboard: 20 of 21 financials beat earnings; revenue mixed [https://seekingalpha.com/news/4576161-earnings-scoreboard-20-of-21-financials-beat-earnings-revenue-mixed]