Well folks, it’s that time of year again – quarter earnings! Despite the S & P 500’s steady run lately, there are some stocks that are just too darn overbought. Like when you eat too much at McDonald’s and now you regret it. You know what we mean. A stock is considered overbought when its RSI goes above 70, which means investors might want to take it easy. On the other hand, if a stock has an RSI under 30, it’s considered oversold, meaning it’s basically on sale. CNBC Pro decided to screen for overbought S & P 500 stocks, based on their relative strength index. Here are the top 10 names that made the list.

First up, we’ve got ol’ Mickey D’s. That’s right, McDonald’s tops the list with an RSI of 98.7. Can you believe it? It’s been killing it this year, with gains of more than 9%. And over the past 12 months, it’s climbed more than 15%. Analyst Brian Bittner from Oppenheimer even thinks it’s a top pick for 2023. But here’s the kicker – while more than half of analysts say it’s a buy, the average analyst price target only gives it upside of 2.6%. Hmm.

Next, we’ve got some health care names: HCA Healthcare and Universal Health Services. They’re both overbought with RSI scores of 96.74 and 96.04, respectively. Analysts say they have upside of just 4%, based on their average analyst price targets. But here’s the scoop: more than two-thirds of analysts covering HCA call it a buy, while only 27% hold the same view on Universal. HCA shares are up nearly 14% year to date, while Universal has lost 3.5%. Whoever said healthcare was boring clearly hasn’t been following these stocks.

Rounding out the list of overbought stocks are Invitation Homes, OneOK, McCormick, Ameren, and Edison. These stocks are all overbought, but let’s be real – they’re just not as exciting as Mickey D’s and the healthcare names. Analysts are lukewarm on them, and their price targets don’t offer much upside.

But wait, there’s more! CNBC Pro also searched for oversold S & P 500 stocks that could be due for some lovin’. Just two names had RSI scores under 30, chipmaker Qorvo and MarketAxess. Analysts aren’t exactly raving about these stocks – only 14.8% of those covering Qorvo think it’s a buy. Ouch. MarketAxess doesn’t fare much better, with only 7.1% of analysts covering it saying it’s a buy. But hey, maybe they’re just overlooked gems, right? Qorvo shares have lagged the S & P 500 this year, advancing just 3.2%. MarketAxess, meanwhile, is up 20.5%.

Other stocks that are close to being oversold include AMD, Skyworks Solutions, Match Group, Applied Materials, Etsy, and Teradyne. They might not be the most glamorous stocks out there, but hey – sometimes, it’s the underdogs who come out on top.

Serious News: cnbc