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