Tech Stocks This Week: Netflix and Twitter Pop and Apple Falls
It was a volatile week for to overall market, with the S&P 500 climbing about 1.2% before it retreated and ended the week down about 0.3%. But it was an even more volatile week for these three stocks. Netflix (NASDAQ: NFLX) saw its stock jump about 10% on Tuesday, following its better-than-expected first-quarter earnings release. Twitter stock was in the spotlight again on Friday when MKM Partners analyst Rob Sanderson changed his rating on the stock from neutral to buy (via Tech Trader Daily), giving the stock a $40 price target. Huberty, however, remained bullish on the stock, telling clients that a post-earnings dip could be a buying opportunity. But since Huberty's analyst note itself sparked a sell-off in Apple stock, helping already conservatively priced shares become even cheaper, the buying opportunity may have arrived early.