Pre-Market Stock Futures:
Futures are trading lower after the January rally hit a wall on Wednesday, with all major indices falling, and the selling looks set to continue today. The main culprit yesterday was JPMorgan (NYSE: JPM | JPM Price Prediction) shares, which took a hit after missing analyst estimates for the quarter. The banking giant posted $4.63 per share, below the expected $4.86, primarily due to a surprise decline in investment banking fees and costs associated with the Apple Card portfolio. Revenue slightly beat expectations, and trading and net interest income showed strength, making it a mixed report. That noted, the bank was priced to perfection, so the sellers traded on the print, especially after Jamie Dimon warned of risks. The Dow Jones Industrials took the biggest shot Tuesday, closing down 0.88% at 49,191, led by JPMorgan’s decline. The S&P 500 closed 0.19% lower at 6,963, while the Nasdaq finished 0.10% lower at 23,709. The Russell 2000, which has been on a roll in 2026, closed at 2,632, down 0.11%.
Treasury Bonds:
Yields were mixed across the Treasury curve on Tuesday, with buyers leaning to the middle and longer maturities, while there was some selling in the short-term T-bills. The positive news on inflation overshadowed the feud between President Trump and Federal Reserve Chairman Jay Powell, as well as the Justice Department’s subpoenas. The 30-year-long bond finished trading on Tuesday at 4.83%, while the benchmark 10-year note was last seen at 4.18%
Oil and Gas:
Energy stocks were the big winners as prices were higher across the energy complex on Tuesday. Prices for the major benchmarks rose primarily due to escalating geopolitical tensions surrounding Iran, with concerns about potential supply disruptions outweighing increased supply prospects from Venezuela following President Trump’s threat of a 25% tariff on countries trading with Iran, which could start impacting global supply routes. Brent Crude finished the session at $65.38, up 2.36%, while West Texas Intermediate closed at $61.02, up 2.55%. Natural gas ended the day flat at $3.42.
Gold:
After a solid rally to start the day and new record highs, Gold reversed midday and ended the day 0.25% lower at $4,586. The likely reason for the slight pullback was profit-taking. Still, sales were limited by ongoing geopolitical tensions with Iran and by uncertainty surrounding the Trump administration’s new investigation into the Fed. The weaker-than-expected US inflation report also supported expectations of potential Federal Reserve rate cuts, which typically benefit gold and will likely do so going forward. Silver continued to march higher, finishing the day at $86.80, up 1.95%.
Crypto:
The cryptocurrency market saw broad gains, with major assets like Bitcoin and Ethereum rising, supported by positive regulatory news and resumed institutional inflows, as the overall crypto market capitalization rose back over $3.2 trillion. Senator Tim Scott released a draft of the Digital Asset Market Clarity Act, which aims to provide more explicit rules for digital assets, and that was perceived positively by traders. At 8A EST, Bitcoin traded at $94,990, while Ethereum was quoted at $3,293.
24/7 Wall St. reviews dozens of analyst research reports daily to identify new investment ideas for both investors and traders. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock.
Here are some of the top Wall Street analyst upgrades, downgrades, and initiations seen on Wednesday, January 14, 2026.
Upgrades:
- Checkpoint Software Technologies Ltd. (NASDAQ: CHKP) was upgraded to Overweight from Equal Weight at Stephens, with the target price being raised to $240 from $225.
- CME Group Inc. (NYSE: CME) was upgraded to Buy from Hold at TD Cowen, with the target price raised to $305 from $290.
- Fabrinet (NYSE: FN) was upgraded to Overweight from Equal Weight at Barclays, which lifted the target price to $537 from $499.
- Global Payments Inc. (NYSE: GPN) was upgraded to Buy from Neutral at Seaport Research with a $109 target price.
- Okta Inc. (NASDAQ: OKTA) was raised to Overweight from Equal Weight at Stephens, which raised the target price for the stock to $120 from $97.
Downgrades:
- Blackrock Inc. (NYSE: BLK) was downgraded to Hold from Buy at TD Cowen, which slashed the target price for the asset management giant to $1,209 from $1,407.
- Enterprise Products Partners LP (NYSE: EPD) was downgraded to Underperform from Peer Perform at Wolfe Research with a $31 target price.
- Rivian Automotive Inc. (NASDAQ: RIVN) was downgraded to Sell from Neutral at UBS, which actually bumped the target price up to $15 from $13.
- Tapestry Inc. (NYSE: TPR) was downgraded to Hold from Buy at Jefferies, which trimmed the target price for the shares to $138 from $142.
- Warner Bros. Discovery Inc. (NYSE: WBD) was cut to Neutral from Buy at Oppenheimer, which lifted the target price for the shares to $30 from $25.
Initiations:
- AppLovin Inc. (NASDAQ: APP) was initiated with an Outperform rating at Evercore ISI with an $835 price target.
- Citigroup Inc. (NYSE: C) was started with an Outperform rating at CICC with a $138 target price.
- DoorDash Inc. (NASDAQ: DASH) was started with an Outperform rating at BNP Paribas with a $280 target price.
- KLA Corp (NASDAQ: KLAC) was initiated with an Outperform rating at Bernstein with a massive $1,700 target price objective.
- Uber Technologies Inc. (NYSE: UBER) was initiated with an Outperform rating at BNP Paribas with a $108 target price for the ride-sharing giant.
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