Microsoft, Amazon, Home Depot and Honeywell Drop
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…
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