The Mag 7 suffered from a pair of downgrades. MoffettNathanson downgraded Apple (AAPL) to sell from neutral over what it called a "steady drumbeat of bad news." Tesla (TSLA) got a downgrade from BofA, citing high execution risk on future projects. On a positive note, Lululemon (LULU) got an upgrade from Bernstein, believing a more favorable outlook for consumer discretionary in 2025. Diane King Hall discusses what makes today's analyst reaction so notable.
Morning Trade Live
07 Jan 2025
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