After the nation averted the fiscal cliff for the time being, many sectors rallied today, but tech was one of the biggest. So why was LinkedIn (LNKD +0.00%), which is already one of the best performers of the year in this sector by a long shot, down 1.9% today? In this video, Motley Fool tech and telecom analyst tells us how, in an already fairly volatile sector, Barclays' view of LinkedIn as having too high of a valuation caused the company to downgrade the stock to a "hold." Eric also tells us why he thinks Barclays may not be making the right call.
LinkedIn Misses the Fiscal Cliff Rally
By Eric Bleeker – Jan 2, 2013 at 7:17PM
NYSE: LNKD.DL
All the tech world surged today, except poor LinkedIn.
About the Author
Eric Bleeker, CFA joined The Motley Fool at the height of the financial crisis in 2008. For the next four years he led the Fool's Tech & Telecom sector, both writing articles and providing feedback and ideas to writers. Today, Eric is the General Manager of Fool.com, but still enjoys writing a tech article or two from time to time. Follow @bleekertech