Dell Falls, Expedia Drops, Alphabet Rallies
On this episode of Stock Movers:- Dell (DELL) shares fell in trading today after Morgan Stanley downgraded it. A memory “supercycle” increasingly poses a risk to earnings of hardware original equipment and design manufacturers (OEMs and ODMs), Morgan Stanley analysts wrote as they cut ratings on HP, Dell, Pegatron and Asustek to underweight.- Several online travel agencies, including Expedia (EXPE) declined today after Alphabet's Google announced the launch of an AI-powered feature that allows users to book flights and hotels. Expedia fell as much as 6.1%, the most intraday since…
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