Microsoft DOWNGRADED and 1 Hot Stock to Watch

Silicon Motion Technology Corp. (NASDAQ:SIMO): According to Craig-Hallum’s predictions, Silicon Motion should have an inline report, and the firm also think’s the company’s core business was a bit better for the quarter. Due to weakness, the firm views this as a buying opportunity and keeps its Buy rating on the stock.

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Microsoft Corporation (NASDAQ:MSFT) estimates for Q4 have been lowered too sharply for Microsoft, according to Pacific Crest, but the firm views Q1 estimates as remaining too high. The firm keeps a Sector Perform rating on the stock.

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