Morgan Stanley downgrades FedEx (FDX) from Equal-Weight to Underweight after the company's fiscal first quarter earnings miss sent shares reeling on Friday. Market Domination hosts Josh Lipton and Julie Hyman take a look at the analyst note from Morgan Stanley's Ravi Shankar and what it means for the postal carrier heading into the 2024 holiday season.

Morgan Stanley analysts reduced their rating on ASML Holding (AS: ASML) shares from Overweight to Equal-weight, and cut the price target from €925 to €800, citing “late-cycl

ASML's (ASML) stock fell about 2% premarket on Friday after Morgan Stanley downgraded the shares to Equal-weight from Overweight.

Shares of (ASML) are falling as Morgan Stanley became the latest bank to downgrade earnings estimates for the chip company. Deutsche Bank and UBS both previously downgraded estimates, citing growth concerns for the broader chip market and increased competition from both Intel (INTC) and Chinese manufacturers.

Stocks will get a boost if the Fed is able to cut interest rates by 50 bps without spurring growth fears, Morgan Stanley says.

PepsiCo (NASDAQ:PEP) slipped in early trading on Friday after Morgan Stanley downgraded the food and beverage stock. The firm moved to an Equal Weight rating on PepsiCo (PEP) after being in the bull camp since March.

Shares of Morgan Stanley MS shed 0.25% to $99.84 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX rising 0.03% to 5,634.58 and the Dow Jones Industrial Average DJIA falling 0.

The tail end of 2024 is seeing a market shift in the stock market as the Federal Reserve has finally signaled that interest rate cuts are on the horizon.

Morgan Stanley downgraded ASML Holding NV (NASDAQ: ASML) on September 20 by cutting the stock’s rating from Overweight to Equal-weight. The firm also revised its price target for ASML to €800 from €925,