On this episode of stock movers:
- Microsoft (MSFT) and Amazon (AMZN) fall after Rothschild & Co Redburn's Alexander Haissl downgraded Microsoft Corp. and Amazon.com Inc. to neutral from buy, citing the industry's "trust us – Gen-AI is just like early cloud 1.0" narrative as "increasingly misplaced"
- Home Depot (HD) sinks after the company cut its full-year earnings guidance, warning that some unsteady consumers are hitting the pause button on big-ticket home purchases.
- Honeywell (HON) drops after BofA Global Research cut the recommendation on the industrial giant to underperform from buy, becoming the lone sell-equivalent rating in Bloomberg data. BofA expects shares to lag as elements of its spinoff strategy disappoint investors and the company doesn’t deliver earnings growth next year.
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