Tech Five: King surges off stock upgrade

Wall Street seems sweet on the creators of Candy Crush Saga in pre-market trading. Let's take a look at the technology stocks to watch Monday:

King. Shares jumped more than 7% this morning after JPMorgan upgraded the game maker's stock to overweight, reports Street Insider. The bump is the latest in a volatile 6-month period for King, which saw its shares dip after approaching $17 in mid-February.

Adobe. The software maker reports first quarter earnings after the markets close Tuesday. The company is forecast to report revenue of $1.085 billion and earnings of 39 cents per share, according to analysts polled by FactSet.

Oracle. The Silicon Valley giant reports third quarter earnings after the bell Tuesday. Forecasts for FactSet estimate Oracle will report earnings of 68 cents per share off revenue of $9.47 billion.

Microsoft. UBS cut earnings estimates for the tech giant based on a drop in PC demand, reports CNBC. Last week, research firm IDC lowered its outlook for PC sales in 2015, expecting sales to drop nearly 5%.

Netflix. Shares of the streaming media service slipped 1.7% after Evercore downgraded the company's stock to "sell." According to The Street, Evercore cites growing competition in the streaming media space for the downgrade.

Follow Brett Molina on Twitter: @brettmolina23.