Morgan Stanley is declaring LED chipmaker Cree (CREE -7%) a tactical sell, believing shares will...

|By:, SA News Editor

Morgan Stanley is declaring LED chipmaker Cree (CREE -7%) a tactical sell, believing shares will sell off following tomorrow's FQ1 report due to weak guidance. Meanwhile, Canaccord is downgrading LED equipment maker Veeco (VECO -7.3%) to Sell. LED equipment maker Aixtron (AIXG -6.7%) and wafer maker Rubicon (RBCN -9.4%) are also off sharply.