These 13 Nasdaq-100 stocks had the biggest swings up and down after the Fed raised rates. Should you be scared off?


A day after the Nasdaq Composite Index rose more than 3%, in what appeared to be a positive reaction from investors to recent Federal Reserve moves to fight inflation, US stocks reversed on May 5 with brutal volatility.

Market Extra: As the Dow sinks by more than 1,000 points, signs of panic sales appear on the stock market

The Nasdaq COMP,
-4.99%
it sank 5% on Thursday, more than reversing gains from the previous three trading sessions. The technology-weighted index has now fallen by 21.3% by 2022 (excluding dividends).

Immerse yourself in the highly funded non-financial subset of the index (followed by Invesco QQQ Trust QQQ,
-5.04%
), here are the 13 stocks among the Nasdaq-100 NDX,
-5.06%
which had the biggest changes in two days: 12% or more:

Company

Ticker

Two-day high / low price oscillation

Price change: May 5

Price change – 2022

Decrease from a maximum of 52 weeks

Date of maximum intraday of 52 weeks

Match Group Inc.

MTCH,
-8.35%

23.3%

-8.3%

-41.9%

-57.8%

21/10/2021

Datadog Inc. Class A

GOS,
-5.99%

18.8%

-6.0%

-37.2%

-44.0%

11/17/2021

Cognizant Technology Solutions Corp. Class A

CTSH,
-12.75%

16.4%

-12.8%

-17.0%

-21.3%

22/03/2022

Booking Holdings Inc.

BKNG,
+ 3.26%

15.6%

3.3%

-9.5%

-20.0%

16/02/2022

eBay Inc.

EBAY,
-11.72%

15.2%

-11.7%

-27.8%

-40.8%

22/10/2021

Fortinet Inc.

FTNT,
-0.99%

14.4%

-1.0%

-20.8%

-23.5%

12/29/2021

Pinduoduo Inc. ADR Class A

PDD,
-11.18%

14.3%

-11.2%

-30.9%

-71.9%

06/01/2021

MercadoLibre Inc.

MELI,
-10.75%

14.3%

-10.7%

-32.3%

-53.6%

09/02/2021

CrowdStrike Holdings Inc. Class A

CRWD,
-9.69%

13.3%

-9.7%

-11.6%

-39.4%

10/11/2021

Zscaler Inc.

ZS,
-8.86%

12.7%

-8.9%

-40.7%

-49.4%

11/19/2021

Airbnb Inc. Class A

ABNB,
-8.38%

12.7%

-8.4%

-14.1%

-32.7%

11/17/2021

Moderna Inc.

MRNA,
-8.40%

12.1%

-8.4%

-44.1%

-71.5%

08/10/2021

DocuSign Inc.

DOCU,
-8.56%

12.0%

-8.6%

-46.9%

-74.3%

08/10/2021

Source: FactSet

Click on the tickers for more information about each company.

Read Tomi Kilgore’s detailed guide to the vast amount of information for free on the MarketWatch budget page.

Jumping or going to the hills?

Buying “down” has not been a very good business strategy this year:

But there are always investors looking for a recovery. If you’re one of them, analysts surveyed by FactSet believe that eight of the volatile stocks listed above deserve a second look.

Leaving the list in the same order, here is a summary of the analysts’ views and agreed price targets:

Company

Ticker

Share “purchase” scores.

Agreed target price

Closing price: May 5

Implicit bullish potential of 12 months

Match Group Inc.

MTCH,
-8.35%

86%

$ 122.38

$ 76.88

59%

Datadog Inc. Class A

GOS,
-5.99%

79%

$ 179.76

$ 111.87

61%

Cognizant Technology Solutions Corp. Class A

CTSH,
-12.75%

48%

$ 93.14

$ 73.60

27%

Booking Holdings Inc.

BKNG,
+ 3.26%

68%

$ 2,781.75

$ 2,171.91

28%

eBay Inc.

EBAY,
-11.72%

41%

$ 59.60

$ 48.04

24%

Fortinet Inc.

FTNT,
-0.99%

59%

$ 365.24

$ 284.52

28%

Pinduoduo Inc. ADR Class A

PDD,
-11.18%

80%

$ 65.51

$ 40.28

63%

MercadoLibre Inc.

MELI,
-10.75%

91%

$ 1,588.64

$ 913.22

74%

CrowdStrike Holdings Inc. Class A

CRWD,
-9.69%

93%

$ 272.75

$ 180.98

51%

Zscaler Inc.

ZS,
-8.86%

79%

$ 324.60

$ 190.41

70%

Airbnb Inc. Class A

ABNB,
-8.38%

43%

$ 192.50

$ 143.09

35%

Moderna Inc.

MRNA,
-8.40%

48%

$ 234.47

$ 142.02

65%

DocuSign Inc.

DOCU,
-8.56%

48%

$ 104.06

$ 80.93

29%

Source: FactSet

Do not miss: With rising interest rates, it’s time to focus on MANG shares instead of FAANG, according to Jefferies.



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