Stock Movers Today: LRCX, SNAP, MSFT, TWTR, NEM

Barclays recently downgraded Lam Research (LRCX) to equal weight from overweight and cut the LRCX stock price target to $450 from $625. Their analyst stated that the memory market has 30% to 40% downside earnings estimates. How does Lam Research (LRCX) compare to other semiconductor stocks like AMD Inc. (AMD), Intel (INTC), and Nvidia (NVDA)? Next, Jeff Pierce weighs in on Morgan Stanley double downgrading Snap Inc. (SNAP) to underweight from overweight. The Morgan Stanley analyst the advertising business is not as enveloped as previously thought and Snap Inc. must convince new advertisers to come onto the platform. Also, Wells Fargo cut the Microsoft (MSFT) stock price target to $350 from $400. Their analyst said that Microsoft (MSFT) is among the best positioned stocks to capture incremental share gains. Finally, Pierce discusses Citi keeping a neutral rating on the Twitter (TWTR) stock and Newmont (NEM) earnings report.