The tech-heavy Nasdaq was up almost 400 points this past week through Thursday's close, but is down over 120 points in trading Friday as the Treasury yield rises to its highest level in a year.
Here is a list of the technology stocks to watch and their performance by percentage change over the past week amid trading Friday, Mar. 12.:
Microsoft | Increased +1.38%
This past Monday, Microsoft (MSFT) was hit by hackers, reportedly from China, that affected over 60,000 users. Microsoft was added to the Goldman Sachs conviction list
TheStreet Quant Ratings rates Microsoft as a Buy with a rating score of A.
Zoom Communications | Increased +2.45%
TheStreet Quant Ratings rates Zoom as a Buy with a rating score of B.
Marvell Technology | Increased +13.83%
TheStreet Quant Ratings rates Marvell as a Hold with a rating score of C+.
Fortinet | Increased +11.13%
During its investor day call this past Tuesday, Fortinet (FTNT) forecast strong growth through 2023.
TheStreet Quant Ratings rates Fortinet as a Buy with a rating score of B+.
Peloton Interactive | Increased +5.21%
Peloton (PTON) shares were rising after a recent sell-off and MKM Partners saw a buying opportunity, upgrading the connected-fitness company. Peloton said that in the second half it would offer its bikes and services in Australia, its first location in Asia-Pacific.
TheStreet Quant Ratings rates Peloton as a Sell with a rating score of D+.
Cisco Systems | Increased +4.71%
JPMorgan upgraded Cisco Systems (CSCO) this past week to overweight and the stock is up over 9% since the upgrade.
TheStreet Quant Ratings rates Cisco as a Buy with a rating score of B.
Okta | Increased +4.70%
TheStreet Quant Ratings rates Okta as a Hold with a rating score of C-.
Xilinx | Increased +4.20%
Shares of Xilinx (XLNX) are down over 14% this past month. Could this be an opportunity to buy shares of the processing technology company?
TheStreet Quant Ratings rates Xilinx as a Buy with a rating score of B.
IBM | Increased +3.50%
TheStreet Quant Ratings rates IBM as a Buy with a rating score of B-.
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