wall street is looking for refuge as debtceiling negotiations between congressional leaders and president joe biden hit an obstacle republican negotiators paused debt ceiling talks friday pushing stocks lower for the day nevertheless the three major averages rose for the week the s  p 500 gained 165 through friday while the nasdaq composite and dow jones industrial average added 304 and 038 respectively cnbc pro used factset data to compile a list of the most overbought and oversold stocks in the s  p 500 through friday based the relative strength index a technical indicator that measures momentum a 14day rsi of 70 or more typically means a stock is overbought a 14day rsi reading below 30 signals that a stock is oversold which may also suggest a buying opportunity for discountminded investors cnbc pro focused on the 10 most overbought and 10 most oversold stocks googleparent company alphabet is one of the most overbought stocks on wall street with a 14day rsi reading of 825 the company is seemingly riding a wave of investor excitement over artificial intelligence google announced its entry into the generative ai chatbot world with bard even with shares up 39 in 2023 nearly 79 of analysts covering alphabet have rated it as a buy according to factset googl ytd mountain googleparent alphabet stock but the top spot is reserved for concert ticket behemoth live nation  the company has a 14day rsi rating of 891 while 60 of analysts covering the stock rate it as a buy the average price target set by analysts polled by factset implies about 14 upside from the stocks current trading levels among oversold names where investors may be able to pick up a bargain tobacco giant philip morris has the secondlowest 14day rsi of 1341 compared to catalent s rsi of 803 more than 57 of analysts who cover philip morris rate it as a buy with the mean price target implying upside of 224 pm ytd mountain tobacco giant philip morris stock meanwhile more than 55 of analysts who cover c atalent have the pharmaceutical stock rated as a buy the mean price target represents nearly 75 upside from the stocks recent trading levels ctlt ytd mountain catalent stock  cnbcs chris hayes contributed to this report