5 Extremely Oversold Stocks to Buy Now

The stock market had a mixed session, but one investor believes that has created opportunities in several beaten-down names.

In a new video, YouTuber Stas Talks Stocks picked out five stocks he believes deserve a closer look after big declines. Some have already started bouncing from their lows, and a few are nearing technical levels that traders are watching closely.

The Five Stocks on His Radar

The first stock on the list was Affirm (AFRM), and it is also the only one Stas owns right now. Instead of buying shares, he purchased December $70 call options with about six months until expiration.

He’s watching a cup-and-handle pattern taking form on AFRM. The stock ran from the mid-$40s up to about $75. If buyers stay in control, he thinks $80 to $85 is in play. The stock already jumped over 20% in the last few sessions, that’s why he wanted in before it possibly broke out.

Then there’s Hims & Hers (HIMS). It’s been grinding higher and now faces a test near $32. If buyers punch through that, Stas sees $35 to $36 as the next stop. That would be roughly a 10% gain from here..

Redwire (RDW) was another stock that made the list. Shares have fallen from around $28 to the mid-teens after excitement surrounding the SpaceX IPO faded. Stas views the drop as a sell-the-news event and believes the stock could find support around $12 to $13. He is not ready to buy yet, but it remains on his watchlist.

For people who want something more stable, Walmart made the cut. The stock dipped under $118 for a bit, then bounced back. It’s up around $120 now. If it pushes past the next wall, Stas thinks $130 to $135 is in play.

The last one was Teladoc. This stock traded near $300 during the pandemic. Now it’s down to single digits. Stas sees resistance around $8. If it breaks that, he says $9 or even $10 could follow. He’ll be the first to tell you, this one’s riskier than the rest of his picks.

News Pushing Stock Prices Today

Some of the market news arriving this week could help these oversold stocks.

Oil drove the action today. West Texas Intermediate fell under $80 a barrel for the first time since March, down to about $78. Brent crude dropped too.

Two things pushed it. Hopes for a U.S.-Iran deal. And the Strait of Hormuz staying open. That’s a big deal, ships keep moving, supply keeps flowing.

Cheaper oil takes the heat off inflation. When oil drops, moving stuff gets cheaper, trucks, ships, factories. That cost savings works its way through everything.

SpaceX continued its remarkable run following last week’s IPO. Shares gained another 13%, lifting the company’s market capitalization to approximately $2.94 trillion. That valuation puts SpaceX ahead of Microsoft as the fourth-largest public company in the United States. Investors also continue to evaluate the company’s $60 billion acquisition of AI coding startup Cursor, a deal that expands its footprint in artificial intelligence.

Related Stocks News: 5 Insanely Cheap AI Stocks to Buy In June 2026

Central banks are adding another variable to the market. The Bank of Japan raised interest rates to their highest level in 31 years and indicated that more increases could follow. 

In the United States, investors are preparing for the first Federal Open Market Committee meeting led by Federal Reserve Chair David Warsh. Falling oil prices have reduced expectations for near-term rate hikes, helping keep sentiment constructive despite weakness in parts of the market.

Taken together, these developments give traders plenty to think about. Lower energy costs, strength in large-cap growth companies, and a calmer inflation outlook could provide support for stocks that have already endured large declines. The setup looks better than it did a few weeks ago, but buyers still need to prove they can push AFRM, HIMS, RDW, WMT, and TDOC higher from here.

Frequently Asked Questions

How do I pick good stocks

Good stocks are usually backed by strong financials like steady revenue growth, healthy profit margins, and low debt levels. It also helps to focus on companies with clear business models and long-term growth potential in strong industries.

What news is affecting stocks today

U.S. stocks surged to record highs on a preliminary peace deal between the U.S. and Iran to end the conflict and reopen the Strait of Hormuz, which triggered a sharp drop in oil prices.