U.S. stocks have had a rough start this spring, and the selloff has pushed several familiar names into oversold territory. The S&P 500 Index ($SPX) is nearing oversold levels across the board as volatility continues to rise, putting several familiar names under added strain. Among the most notable names are Sysco (SYY) and Estée Lauder (EL), two S&P 500 companies that fell hard on company-specific headlines and now trade near recent lows.
Both stocks look beaten down for different reasons. Sysco was hit after the company unveiled a debt-heavy acquisition, while Estée Lauder slid on takeover speculation that raised concerns about valuation and leverage.
