Down 10.2% in 4 Weeks, Here's Why You Should You Buy the Dip in Interpublic (IPG)

Core Viewpoint - Interpublic Group (IPG) has experienced a significant decline of 10.2% over the past four weeks, but it is now in oversold territory, indicating a potential for a trend reversal as analysts expect better earnings than previously predicted [1]. Group 1: Stock Performance and Technical Indicators - IPG's Relative Strength Index (RSI) reading is at 29.14, suggesting that the heavy selling pressure may be exhausting, which could lead to a rebound in stock price [5]. - The RSI is a momentum oscillator that helps identify whether a stock is oversold, typically when the reading falls below 30 [2][3]. Group 2: Analyst Sentiment and Earnings Estimates - There is a strong consensus among sell-side analysts that IPG will report better earnings, with a 0.1% increase in the consensus EPS estimate over the last 30 days [7]. - IPG holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a potential turnaround [8].