Tech stocks have been falling as the Treasury yield has been rising to levels we haven't seen since January 2020. Jim Cramer talked about the linkage between bonds to the Nasdaq and how sick he is of it.
Eric Jhonsa shared on Real Money the three technology stocks that could do well in a lengthier rotation, as tech companies will likely to see revenue growth inflect higher could continue doing well, as might relatively inexpensive ones that are poised to continue growing.
Here is a list of the technology stocks to watch and their performance by percentage change over the past week amid trading Friday, Mar. 19.:
Microsoft | Decreased -2.29%
TheStreet Quant Ratings rates Microsoft as a Buy with a rating score of A.
Shopify | Decreased -1.73%
TheStreet Quant Ratings rates Shopify as a Sell with a rating score of C.
The Trade Desk | Decreased -2.40%
The Trade Desk (TTD) topped estimates when it reported its fourth-quarter financials in mid-February. Shares of the Trade Desk are down over 5% year-to-date.
TheStreet Quant Ratings rates Trade Desk as a Buy with a rating score of B.
Zoom Communications | Decreased -5.81%
Zomm Communications (ZM) is down over 9% year-to-date as one of the top stocks gainers this past year has been on a losing streak as investors turn away from high growth stocks.
TheStreet Quant Ratings rates Zoom as a Buy with a rating score of B.
Workday | Decreased -0.59%
TheStreet Quant Ratings rates Workday as a Hold with a rating score of C.
Peloton Interactive | Decreased -2.90%
Peloton (PTON) CEO John Foley shared news of a tragic accident involving the company's newly-released treadmill that has resulted in the death of a young child. The death is a focus of a consumer agency inquiry.
TheStreet Quant Ratings rates Peloton as a Sell with a rating score of D+.
Salesforce | Flat This Past Week
Salesforce could see a boost as the technology stock was added to Goldman Sachs's Conviction List earlier in March.
TheStreet Quant Ratings rates Salesforce as a Buy with a rating score of B-.
PayPal | Decreased 3.62%
TheStreet Quant Ratings rates PayPal as a Buy with a rating score of B+.
Square | Decreased 7.13%
TheStreet Quant Ratings rates Square as a Hold with a rating score of C.
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