Sector Update: Technology

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Technology stocks are little changed today with shares of technology companies in the S&P 500 climbing less than 0.1%.

In company news, SolarCity ( SCTY ) has climbed to new all-time highs after Goldman Sachs added the solar-energy company to its Conviction Buy List, according to reports.

In a related move, the Goldman analysts also reduced First Solar Inc. ( FSLR ) to Sell, saying the company is not positioned for near-term growth. FSLR shares were off 9.5%.

SCTY rose as high as $67.14 apiece for a 13.2% advance during the first 30 minutes of today's session before settling into a range around $64.30 a share, up 8.5%.

In other sector news,

(+) SEED, (+30.5%) Shares jump to two-year highs as investors embrace the Chinese technology-focused supplier of crop seeds ahead of the release of FY13 results Wednesday morning.

(-) IPDN, (-28.9%, hit 52 week lows) LinkedIn Corp ( LNKD ) terminates Diversity Recruitment Partnership Agreement, effective March 30. The networking and job board for Latino professional said the move will have an unspecified negative impact on near-term revenue.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: FSLR , LNKD , SCTY

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As of 9/19/2014, 04:15 PM

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