Pre-Market Stock Futures:
Futures are trading mixed on Friday as we prepare to close out one of the craziest weeks on Wall Street this year. On a day when we saw yet another all-time high, investors rotated out of chip stocks and into healthcare and industrials after Broadcom (NASDAQ: AVGO | AVGO Price Prediction) posted disappointing results. When the dust settled, the venerable Dow Jones Industrial Average was the big winner, trading up a stunning 1.73% to close at a new record high of 51,561, while the S&P 500, which rallied to finish the day positive, was last seen at 7,584, up 0.41%. The Russell 2000 also had a stellar day, closing the session up 1.48% at 2,936. The only index to finish the day barely lower was the tech-heavy Nasdaq, which saw some rotational selling after a tremendous run, and closed at 26,830, down 0.09%.
Treasury Bonds:
Yields were down across the entire Treasury curve as buyers returned after yields rose earlier this week. Analysts and traders cited growing optimism surrounding a potential Israel-Lebanon ceasefire as materially reducing geopolitical risk. The resulting decline in oil prices alleviated some of the mounting global inflation concerns, which in turn put downward pressure on Treasury yields and supported higher bond prices. When the final bell rang, the 30-year-long bond closed the session at 4.98%, while the benchmark 10-year note was last seen at 4.48%.
Oil and Gas:
Oil prices plunged on Thursday as hopes for an Iran deal continued to drive the energy complex. This comes despite reports that Iran’s oil exports are collapsing to a six-year low. When trading ended, Brent Crude closed at $95.18, down 2.69%, while West Texas Intermediate closed at $93.01, down 3.31%. Natural gas continued its march higher, closing up 4.14% at $3.35.
Gold:
The precious metals had a solid day, despite published reports suggesting that China’s massive appetite for the commodity may be cooling after years of heavy accumulation. Commerzbank remains very positive, with year-end price targets of $4,800 for gold and $80 for silver. The actual closing prices for the two were $4,475, up 0.93%, and $74.05, up 1.62%, respectively.
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 Friday, June 5, 2026.
Upgrades:
- Broadcom (NASDAQ: AVGO) was upgraded to Buy from Hold at Erst Group, without a target price.
- Chipotle Mexican Grill (NYSE: CMG) was raised to Overweight from Neutral at JPMorgan, which trimmed the price target for the shares to $35 from $38.
- FormFactor (NASDAQ: FORM) was upgraded to Outperform from In Line at Evercore ISI, with a $155 target price objective.
- Tesla (NASDAQ: TSLA) was upgraded to Neutral from Underweight at JPMorgan, which increased the target price for the EV giant to $475 from $145.
- Tidewater (NYSE: TDW) was upgraded to Buy from Hold at Fearnley, with a $90 target price.
Downgrades:
- CrowdStrike Holdings (NASDAQ: CRWD) was downgraded to Hold from Buy at Berenberg, which lifted the target price for the shares to $720 from $525.
- Fiserv (NASDAQ: FISV) was cut to Underperform from Neutral at BNP Paribas, which has a $46 target price.
- Lululemon Athletica (NASDAQ: LULU) was downgraded to Neutral from Buy at BTIG Research, without a price target.
- Suncor Energy (NYSE: SU) was cut to Neutral from Buy at Goldman Sachs, with a $72 target price.
- Walmart (NYSE: WMT) was cut to Hold from Buy at Erste Group, without a target price.
Initiations:
- Airbnb (NASDAQ: ABNB) was initiated with an Outperform rating at CICC, which has set a $165 target price for the stock.
- Comfort Systems USA (NYSE: FIX) was started with a Buy rating at Erste Group, without a price target.
- FedEx Freight Holding Company (NYSE: FDXF) was initiated with a Hold rating at Stifel, with a $160 target price.
- Guardant Health (NYSE: GH) was initiated with a Buy rating at Goldman Sachs, with a $165 target price objective.
- NVIDIA (NASDAQ: NVDA) was started with a Buy rating at China Renaissance, with a $319 price target.