Benzinga Pro’s Top 5 Stocks To Watch For Tuesday, January 17, 2023: MSFT, FDX, IBKR, MANU, BTCM

Microsoft (MSFT) – Shares were downgraded to Sell by analysts at Guggenheim Tuesday morning. The downgrade came ahead of Microsoft’s Q2 earnings report on Tuesday of next week.

FedEx (FDX) – A play on a “hard landing and soft recovery in logistics,” according to analysts at Morgan Stanley Tuesday morning. The analysts downgraded shares of Cognex (CGNX) amid concerns of “organic declines in [logistics space during] 2023 without a significant logistics snap back in 2024.”

Interactive Brokers (IBKR) – A play on an investing/trading platform. Analysts at UBS, commenting on Morgan Stanley (MS) following the bank’s quarterly results Tuesday morning, noted trading was “weaker than anticipated” at Morgan Stanley.

Manchester United (MANU) – A play on an overlooked rumor from Friday morning. Towards the end of November 2022, Manchester United announced it would explore strategic alternatives including a possible sale. On Friday of last week, a report from the UK’s Telegraph suggested takeover bids for Manchester United were “imminent.” Despite the report, Manchester United shares closed up only 0.9% to end last week.

BIT Mining (BTCM) – Bitcoin and crypto-mining stocks were getting attention Friday morning following bitcoin prices which moved over the $20,000 level for the first time since early November. Shares of BIT Mining were up about 20% on the bitcoin price action.