Pre-Market Stock Futures:
Futures are trading higher as we hit the mid-week point, as the technology-led rally continues to spiral higher. While the major indices finished the day mixed, the technology-heavy Nasdaq led the way once again, closing at a new record high of 26,656, up 1.19%, while the S&P 500 also set a new record, closing up 0.61% at 7,519. The small-cap heavy Russell 2000 was the big percentage winner on Wednesday, finishing the session up 1.79% at 2,920. The only loser on the day was the venerable Dow Jones Industrial Average, which closed lower by 0.23% at 50,461. Led by Micron Technology (NASDAQ: MU | MU Price Prediction), the technology rally has been nothing short of spectacular, but investors should be cautious; chasing it at current levels could turn into a disaster should a massive sell-off occur.
Treasury Bonds:
Yields across the Treasury curve continue to plummet as buyers once again pounced on the belly and long end of the curve. Yields that jumped last week amid heavy selling attracted buyers seeking some of the highest yields in decades. The 30-year-long bond closed Tuesday at 5.02%, while the 10-year note closed the day at 4.49%.
Oil and Gas:
The energy complex had a day that was an anomaly for sure when Brent crude surged after U.S. military strikes on Iran, shattering hopes for a cease-fire and reviving fears of supply disruptions through the Strait of Hormuz. In contrast, WTI fell as the U.S. market played catch-up to the previous day’s sharp global sell-off following the Memorial Day holiday. When the dust cleared, Brent Crude closed at $99.49, up 3.48%, while West Texas Intermediate was last seen at $93.51, down 3.20%. Natural gas closed down 0.65% at $2.89.
Gold:
The precious metals took a beating on Tuesday as the U.S. dollar strengthened, while Brent Crude rebounded after the “defensive” U.S.-Iran air strikes, and traders locked in profits after recent gains. The U.S. Dollar Index climbed, making dollar-denominated precious metals more expensive for foreign buyers and reducing their appeal. This classic inverse relationship between the greenback and metals weighed heavily on both gold and silver. When trading closed, Gold was priced at $4,506.40, down 1.38%, while Silver ended the session at $76.85, down 1.41%.
Crypto:
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, May 27, 2026.
Upgrades:
- FedEx (NYSE: FDX) was raised to Overweight from Neutral at JPMorgan, which raised the target price on the shipping giant to $460 from $432.
- GXO Logistics (NYSE: GXO) was upgraded to Overweight from Equal Weight at Barclays, which lifted the target price to $65 from $58.
- Hershey (NYSE: HSY) was upgraded to Outperform from In Line at Evercore ISI, which has a $255 target for the company.
- Phillips 66 (NYSE: PSX) was upgraded to Outperform from Neutral at Mizuho, which lifted the target price for the shares to $79 from $58.
- SanDisk (NASDAQ: SNDK) was upgraded to Overweight from Equal Weight at Barclays, which raised the target price to $2,300 from $1,300.
Downgrades:
- Dollar General (NYSE: DG) was cut to Hold from Buy at Deutsche Bank, which has a $110 target price. target
- Winnebago Industries (NYSE: WGO) was downgraded to Neutral from Buy at Citigroup, which dropped the target price for the RV giant to $30 from $46.
- Workday (NASDAQ: WDAY) was downgraded to Neutral from Buy at Bank of America, which has a $140 target price for the stock.
- Zoetis (NYSE: ZTS) was cut to Hold from Buy at Argus, without a target price.
- Zscaler (NASDAQ: ZS) was downgraded to In Line from Outperform at Evercore ISI, which slashed the target price for the stock to $155 from $225.
Initiations:
- Agilent (NYSE: A) was initiated with an Outperform rating at RBC Capital, with a $153 target price.
- GE Aerospace (NYSE: GE) was initiated with a Buy rating at Seaport Research, which has a $375 target price objective.
- Intuit (NASDAQ: INTU) was reinstated with a Buy rating at Bank of America, with a $400 target price.
- Pershing Square (NYSE: PS) was started with a Buy rating at Loop Capital, with a $49 target price.
- Vertex Pharmaceuticals (NASDAQ: VRTX) was assumed with a Buy rating at Truist, which bumped the target price for the shares to $542 from $525.