Pre-Market Stock Futures:
Futures are trading higher this morning after a dreadful day to start the trading week. Various reasons were cited for the risk-off bias on Monday, but the tariff situation, which the President raised to 15% from 10% over the weekend after the Supreme Court struck it down last Friday, was one of them. The ongoing rotation out of technology has caused all of the Magnificent 7 stocks to be down this year, and there’s a general feeling that it’s likely time for a correction. Remember the correction last year that briefly evolved into a bear market, which started in February and lasted through April. The big loser was the Dow Jones Industrials, which closed down 1.66% at 48,804, while the S&P 500 was last seen down 1.04% at 6,837. The technology-heavy Nasdaq finished Monday down 1.13% at 22,627. The small-cap Russell 2000, which is the leading index so far this year, finished at 2,621, down 1.60%.
Treasury Bonds:
Yields were down across the Treasury curve as the plummeting stock market clearly sparked a flight to safety. The biggest buying was seen in the intermediate part of the curve, specifically the 3-10-year maturities. The 30-year bond closed at 4.70% on Monday, while the benchmark 10-year note was last seen at 4.03%.
Oil and Gas:
After a strong showing last week, oil took a slight breather on Monday, with both of the major benchmarks finishing the day modestly lower. Some concessions by Iran in the nuclear standoff discussions with the United States, and some likely profit-taking, came into play on Monday. Brent Crude closed at $71.58, down 0.25%, while West Texas Intermediate finished the session at $66.41, down 0.11%. Despite the massive storm on the East Coast, natural gas closed down 1.77% at $2.99.
Gold:
Like Treasury bonds, gold saw solid buying on Monday as investors continued to add to safe-haven positions. The bullion finished Monday’s trading at $5,227, up 2.38%. Worries over the Middle East, plus UBS raising its target price for Gold to $6,200 by the middle of 2026, added to the tailwind that was already pushing the commodity higher. Silver was the big winner Monday, closing up 4.23% at $88.10.
Crypto:
Cryptocurrency prices fell sharply early on Monday, with Bitcoin dropping 3% to 5% over the course of the day to fall below $65,000, reaching lows around $64,200 to $64,800. The decline was triggered by renewed market uncertainty regarding new 15% U.S. trade tariffs, causing many investors to retreat from risk-on assets. After dropping below $65,000, Bitcoin struggled to regain momentum, lingering near the $65,000–$66,000 level throughout the day. This extended a sharp, ongoing downtrend, putting Bitcoin down over 25% for the year. At 8 AM EST, Bitcoin is trading at $63,012, while Ethereum is quoted at $1,824.
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 Tuesday, February 24, 2026.
Upgrades:
- Booking Holdings Inc. (NASDAQ: BKNG) was upgraded to Overweight from Equal Weight at Morgan Stanley, with a $5,500 target price.
- Domino’s Pizza Inc. (NYSE: DPZ)was upgraded to Overweight from Neutral at JPMorgan, which has a $450 target price for the stock.
- Fox Corporation (NASDAQ: FOXA) was raised to Buy from Neutral at Seaport Research, which has set a $64 target price for the shares.
- KeyCorp (NYSE: KEY) was raised to Neutral from Underperform at Baird, with a $19 target price.
- Qualcomm Inc. (NASDAQ: QCOM) was upgraded to Equal Weight from Underweight at Wells Fargo, which lifted the target price for the stock to to $150 from $135.
Downgrades:
- Blue Owl Capital Inc. (NYSE: OWL) was downgraded to Hold from Buy at Deutsche Bank, which lowered the target price for the stock to $10 from $15.
- Cable One Inc. (NASDAQ: CABO) was cut to Underperform from Neutral at BNP Paribas, which slashed the target price for the stock to $80 from $125.
- Cheniere Energy Inc. (NYSE: LNG) was cut to Equal Weight from Overweight at Morgan Stanley, with a $236 target price objective.
- Comcast Corp. (NASDAQ: CMCSA) was downgraded to Underperform at BNP Paribas, with a $27 target price for the stock.
- GATX Corp. (NYSE: GATX) was downgraded to Neutral from Buy at Citigroup with a $210 target price.
Initiations:
- Alkermes Plc. (NASDAQ: ALKS) was initiated with an Outperform rating and a $45 target price at Wolfe Research.
- Blackstone Inc. (NYSE: BX) was started with an Outperform rating at RBC Capital, with a $179 target price.
- Bloom Energy Inc. (NYSE: BE) was started with a Neutral rating at Citigroup, which has a $162 target price for the shares.
- Eagle Materials Inc. (NYSE: EXP) was initiated with a Sector Perform ratingat RBC Capital, which has set a $208 targte pric e for the company.
- Neurocrine Biosciences Inc. (NASDAQ: NBIX) was initiated withan Outperform rating at Wolfe Research, which has a$160 target price for the stock.