Tech Stocks Little Changed; SolarCity Shines After Goldman Sachs Adds Stock to Conviction Buy List


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MSFT -1.9%

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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 ) climbed to a new all-time high this morning 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 9.4%.

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 $64.42 a share, up 8.7%.

In other sector news,

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

(-) IPDN, (-28%, 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 Nasdaq, Inc.

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

This article appears in: Investing , Commodities
More Headlines for: FSLR , LNKD , SCTY

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