The Dow Jones Industrial Average declined Thursday as investors heeded President Donald Trump ‘s warning that the Iran war could last for several more weeks and as oil prices surged . Against that backdrop, certain names fell very far over the week. The market downturn put some stocks across the real estate, consumer staples, health care and technology sectors into oversold territory, positioning them for a potential rebound in the near term. Leading the list of oversold stocks was Nike , which received downgrades from several shops on the Street after issuing a lackluster sales forecast on Tuesday. A stock is considered oversold when its relative strength index is below 30. Here are the most oversold stocks in the S & P 500 . Oversold stocks Nike topped the list of oversold stocks as investors grew impatient that the company’s turnaround was taking longer than expected. The name has an RSI of 15.8 after shares plunged 14% over the past week. On Tuesday, Nike said it expects fiscal fourth-quarter sales to drop between 2% and 4%, below analysts’ consensus expectation of a 1.9% increase, according to LSEG data. Executives cited several reasons for the shortfall including disruption in the Middle East and rising oil prices, which could boost its costs or hurt consumer demand. Nike also said it expects its sales to drop by a low single-digit percentage through the calendar year, led by growth in North America and offset by declines in China. Analysts downgrading the stock largely said that the new forecast demonstrated that Nike’s turnaround would take longer than they anticipated and could be further slowed by challenging economic conditions. “While NKE has begun to realize initial greenshoots from its Sport Offense strategy within North America and the running category, the balance of the portfolio including International regions (EMEA, Greater China, and APLA) continue face actions to reset the marketplace and sell-through results remain challenged globally, resulting in an elongated timeline for the model to reach an inflection to revenue growth and a return to double-digit operating margins,” JPMorgan analyst Matthew Boss said Wednesday in a note to clients. Other names in oversold territory include Universal Health Services , McCormick & Company and Lennar . McCormick shares fell 8% over the past week. On Tuesday, the seasonings company announced plans to buy Unilever’s global foods business . The deal values Unilever’s food brands, which include Hellmann’s mayonnaise, at roughly $45 billion. Unilever shareholders will own about 55.1% of the combined company, while Unilever will own 9.9%. While the combination follows a trend toward consolidation in the food industry, as companies look to bolster their scale and influence, the industry has had a mixed record of performance in getting megadeals to pay off.