Philip van Doorn

Deep Dive Archives | Email alerts

May 9, 2022, 7:37 a.m. EDT

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

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    NASDAQ Composite Index (COMP)
  • X
    Invesco QQQ Trust Series I (QQQ)
  • X
    NASDAQ 100 Index (NASDAQ Calculation) (NDX)

or Cancel Already have a watchlist? Log In

By Philip van Doorn

One day after the Nasdaq Composite Index rose more than 3%, in what appeared to be a positive reaction by investors to the Federal Reserve’s latest moves to fight inflation, U.S. stocks reversed on May 5 with brutal volatility.

Market Extra: As Dow sinks over 1,000 points, signs of panic selling emerge in the stock market

The Nasdaq /zigman2/quotes/210598365/realtime COMP +0.90% sank 5% on Thursday, more than reversing its gains over the previous three trading sessions. The tech-weighted index has now fallen 21.3% for 2022 (excluding dividends).

Diving into the index’s large-cap non-financial subset (tracked by the Invesco QQQ Trust /zigman2/quotes/208575548/composite QQQ +0.66% ), here are the 13 stocks among the Nasdaq-100 /zigman2/quotes/210598364/realtime NDX +0.71% that had the biggest two-day swings — 12% or more:

Company Ticker Two-day high/low price swing Price change – May 5 Price change – 2022 Decline from 52-week high Date of 52-week intraday high
Match Group Inc. /zigman2/quotes/207178501/composite MTCH 23.3% -8.3% -41.9% -57.8% 10/21/2021
Datadog Inc. Class A /zigman2/quotes/214127379/composite DDOG 18.8% -6.0% -37.2% -44.0% 11/17/2021
Cognizant Technology Solutions Corp. Class A /zigman2/quotes/206555936/composite CTSH 16.4% -12.8% -17.0% -21.3% 03/22/2022
Booking Holdings Inc. /zigman2/quotes/203576210/composite BKNG 15.6% 3.3% -9.5% -20.0% 02/16/2022
eBay Inc. /zigman2/quotes/204653455/composite EBAY 15.2% -11.7% -27.8% -40.8% 10/22/2021
Fortinet Inc. /zigman2/quotes/205733290/composite FTNT 14.4% -1.0% -20.8% -23.5% 12/29/2021
Pinduoduo Inc. ADR Class A /zigman2/quotes/208876581/composite PDD 14.3% -11.2% -30.9% -71.9% 06/01/2021
MercadoLibre Inc. /zigman2/quotes/200678442/composite MELI 14.3% -10.7% -32.3% -53.6% 09/02/2021
CrowdStrike Holdings Inc. Class A /zigman2/quotes/212513426/composite CRWD 13.3% -9.7% -11.6% -39.4% 11/10/2021
Zscaler Inc. /zigman2/quotes/203585803/composite ZS 12.7% -8.9% -40.7% -49.4% 11/19/2021
Airbnb Inc. Class A /zigman2/quotes/222990650/composite ABNB 12.7% -8.4% -14.1% -32.7% 11/17/2021
Moderna Inc. /zigman2/quotes/205619834/composite MRNA 12.1% -8.4% -44.1% -71.5% 08/10/2021
DocuSign Inc. /zigman2/quotes/205992027/composite DOCU 12.0% -8.6% -46.9% -74.3% 08/10/2021
Source: FactSet

Click on the tickers for more about each company.

Read  Tomi Kilgore’s detailed guide to the wealth of information for free on the MarketWatch quote page.

Jump in or head for the hills?

Buying “on the dips” hasn’t been a very good trading strategy this year:

But there are always investors looking to ride a recovery. If you are one of those, analysts polled by FactSet believe that eight of the volatile stocks listed above are worth a second look.

Leaving the list in the same order, here’s a summary of analysts’ opinions and consensus price targets:

Company Ticker Share “buy” ratings Consensus price target Closing price – May 5 Implied 12-month upside potential
Match Group Inc. /zigman2/quotes/207178501/composite MTCH 86% $122.38 $76.88 59%
Datadog Inc. Class A /zigman2/quotes/214127379/composite DDOG 79% $179.76 $111.87 61%
Cognizant Technology Solutions Corp. Class A /zigman2/quotes/206555936/composite CTSH 48% $93.14 $73.60 27%
Booking Holdings Inc. /zigman2/quotes/203576210/composite BKNG 68% $2,781.75 $2,171.91 28%
eBay Inc. /zigman2/quotes/204653455/composite EBAY 41% $59.60 $48.04 24%
Fortinet Inc. /zigman2/quotes/205733290/composite FTNT 59% $365.24 $284.52 28%
Pinduoduo Inc. ADR Class A /zigman2/quotes/208876581/composite PDD 80% $65.51 $40.28 63%
MercadoLibre Inc. /zigman2/quotes/200678442/composite MELI 91% $1,588.64 $913.22 74%
CrowdStrike Holdings Inc. Class A /zigman2/quotes/212513426/composite CRWD 93% $272.75 $180.98 51%
Zscaler Inc. /zigman2/quotes/203585803/composite ZS 79% $324.60 $190.41 70%
Airbnb Inc. Class A /zigman2/quotes/222990650/composite ABNB 43% $192.50 $143.09 35%
Moderna Inc. /zigman2/quotes/205619834/composite MRNA 48% $234.47 $142.02 65%
DocuSign Inc. /zigman2/quotes/205992027/composite DOCU 48% $104.06 $80.93 29%
Source: FactSet

Don’t miss: With interest rates rising, it’s time to focus on MANG stocks instead of FAANG, according to Jefferies

/zigman2/quotes/210598365/realtime
US : Nasdaq
11,127.85
+99.11 +0.90%
Volume: 4.11M
July 1, 2022 5:16p
loading...
/zigman2/quotes/208575548/composite
US : U.S.: Nasdaq
$ 282.13
+1.85 +0.66%
Volume: 56.68M
July 1, 2022 4:15p
loading...
/zigman2/quotes/210598364/realtime
US : Nasdaq
11,585.68
+81.96 +0.71%
Volume: 800,080
July 1, 2022 5:16p
loading...
/zigman2/quotes/207178501/composite
US : U.S.: Nasdaq
$ 71.49
+1.80 +2.58%
Volume: 1.88M
July 1, 2022 4:00p
P/E Ratio
79.94
Dividend Yield
N/A
Market Cap
$20.42 billion
Rev. per Employee
$1.23M
loading...
/zigman2/quotes/214127379/composite
US : U.S.: Nasdaq
$ 101.05
+5.81 +6.10%
Volume: 3.82M
July 1, 2022 4:00p
P/E Ratio
126,313
Dividend Yield
N/A
Market Cap
$31.83 billion
Rev. per Employee
$372,895
loading...
/zigman2/quotes/206555936/composite
US : U.S.: Nasdaq
$ 68.03
+0.54 +0.80%
Volume: 2.01M
July 1, 2022 4:00p
P/E Ratio
16.31
Dividend Yield
1.59%
Market Cap
$35.46 billion
Rev. per Employee
$57,266
loading...
/zigman2/quotes/203576210/composite
US : U.S.: Nasdaq
$ 1,767.98
+18.99 +1.09%
Volume: 356,287
July 1, 2022 4:00p
P/E Ratio
142.98
Dividend Yield
N/A
Market Cap
$71.82 billion
Rev. per Employee
$616,355
loading...
/zigman2/quotes/204653455/composite
US : U.S.: Nasdaq
$ 42.89
+1.22 +2.93%
Volume: 4.95M
July 1, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
2.05%
Market Cap
$24.01 billion
Rev. per Employee
$953,333
loading...
/zigman2/quotes/205733290/composite
US : U.S.: Nasdaq
$ 57.37
+0.79 +1.40%
Volume: 2.66M
July 1, 2022 4:00p
P/E Ratio
74.90
Dividend Yield
N/A
Market Cap
$46.05 billion
Rev. per Employee
$351,810
loading...
/zigman2/quotes/208876581/composite
US : U.S.: Nasdaq
$ 64.82
+3.02 +4.89%
Volume: 8.53M
July 1, 2022 4:00p
P/E Ratio
44.53
Dividend Yield
N/A
Market Cap
$81.24 billion
Rev. per Employee
$1.53M
loading...
/zigman2/quotes/200678442/composite
US : U.S.: Nasdaq
$ 659.95
+23.08 +3.62%
Volume: 521,150
July 1, 2022 4:00p
P/E Ratio
180.57
Dividend Yield
N/A
Market Cap
$33.25 billion
Rev. per Employee
$265,012
loading...
/zigman2/quotes/212513426/composite
US : U.S.: Nasdaq
$ 179.25
+10.69 +6.34%
Volume: 3.71M
July 1, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$41.60 billion
Rev. per Employee
$329,624
loading...
/zigman2/quotes/203585803/composite
US : U.S.: Nasdaq
$ 155.37
+5.86 +3.92%
Volume: 1.84M
July 1, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$22.04 billion
Rev. per Employee
$307,631
loading...
/zigman2/quotes/222990650/composite
US : U.S.: Nasdaq
$ 91.41
+2.33 +2.62%
Volume: 6.00M
July 1, 2022 4:00p
P/E Ratio
78.68
Dividend Yield
N/A
Market Cap
$58.18 billion
Rev. per Employee
$1.08M
loading...
/zigman2/quotes/205619834/composite
US : U.S.: Nasdaq
$ 149.95
+7.10 +4.97%
Volume: 4.84M
July 1, 2022 4:00p
P/E Ratio
4.41
Dividend Yield
N/A
Market Cap
$59.64 billion
Rev. per Employee
$8.34M
loading...
/zigman2/quotes/205992027/composite
US : U.S.: Nasdaq
$ 61.22
+3.84 +6.69%
Volume: 7.47M
July 1, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$12.24 billion
Rev. per Employee
$298,462
loading...
/zigman2/quotes/207178501/composite
US : U.S.: Nasdaq
$ 71.49
+1.80 +2.58%
Volume: 1.88M
July 1, 2022 4:00p
P/E Ratio
79.94
Dividend Yield
N/A
Market Cap
$20.42 billion
Rev. per Employee
$1.23M
loading...
/zigman2/quotes/214127379/composite
US : U.S.: Nasdaq
$ 101.05
+5.81 +6.10%
Volume: 3.82M
July 1, 2022 4:00p
P/E Ratio
126,313
Dividend Yield
N/A
Market Cap
$31.83 billion
Rev. per Employee
$372,895
loading...
/zigman2/quotes/206555936/composite
US : U.S.: Nasdaq
$ 68.03
+0.54 +0.80%
Volume: 2.01M
July 1, 2022 4:00p
P/E Ratio
16.31
Dividend Yield
1.59%
Market Cap
$35.46 billion
Rev. per Employee
$57,266
loading...
/zigman2/quotes/203576210/composite
US : U.S.: Nasdaq
$ 1,767.98
+18.99 +1.09%
Volume: 356,287
July 1, 2022 4:00p
P/E Ratio
142.98
Dividend Yield
N/A
Market Cap
$71.82 billion
Rev. per Employee
$616,355
loading...
/zigman2/quotes/204653455/composite
US : U.S.: Nasdaq
$ 42.89
+1.22 +2.93%
Volume: 4.95M
July 1, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
2.05%
Market Cap
$24.01 billion
Rev. per Employee
$953,333
loading...
/zigman2/quotes/205733290/composite
US : U.S.: Nasdaq
$ 57.37
+0.79 +1.40%
Volume: 2.66M
July 1, 2022 4:00p
P/E Ratio
74.90
Dividend Yield
N/A
Market Cap
$46.05 billion
Rev. per Employee
$351,810
loading...
/zigman2/quotes/208876581/composite
US : U.S.: Nasdaq
$ 64.82
+3.02 +4.89%
Volume: 8.53M
July 1, 2022 4:00p
P/E Ratio
44.53
Dividend Yield
N/A
Market Cap
$81.24 billion
Rev. per Employee
$1.53M
loading...
/zigman2/quotes/200678442/composite
US : U.S.: Nasdaq
$ 659.95
+23.08 +3.62%
Volume: 521,150
July 1, 2022 4:00p
P/E Ratio
180.57
Dividend Yield
N/A
Market Cap
$33.25 billion
Rev. per Employee
$265,012
loading...
/zigman2/quotes/212513426/composite
US : U.S.: Nasdaq
$ 179.25
+10.69 +6.34%
Volume: 3.71M
July 1, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$41.60 billion
Rev. per Employee
$329,624
loading...
/zigman2/quotes/203585803/composite
US : U.S.: Nasdaq
$ 155.37
+5.86 +3.92%
Volume: 1.84M
July 1, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$22.04 billion
Rev. per Employee
$307,631
loading...
/zigman2/quotes/222990650/composite
US : U.S.: Nasdaq
$ 91.41
+2.33 +2.62%
Volume: 6.00M
July 1, 2022 4:00p
P/E Ratio
78.68
Dividend Yield
N/A
Market Cap
$58.18 billion
Rev. per Employee
$1.08M
loading...
/zigman2/quotes/205619834/composite
US : U.S.: Nasdaq
$ 149.95
+7.10 +4.97%
Volume: 4.84M
July 1, 2022 4:00p
P/E Ratio
4.41
Dividend Yield
N/A
Market Cap
$59.64 billion
Rev. per Employee
$8.34M
loading...
/zigman2/quotes/205992027/composite
US : U.S.: Nasdaq
$ 61.22
+3.84 +6.69%
Volume: 7.47M
July 1, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$12.24 billion
Rev. per Employee
$298,462
loading...

This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.