Pre-Market Stock Futures:
Futures are trading higher after a dreadful day on Wall Street, when all the major indices traded lower, and we saw the same pattern that has developed over the last week. The “Buy the Dip” traders come in, briefly get an uptick, and a move higher, and the sellers swarm in to hit bids that have moved higher. The song remains the same: the war with Iran, inflation (which saw the Consumer Price Index jump to 4.2%), yields moving higher, and rotation out of the AI/Datacenter trade continue to keep the sellers coming back for more. With the gigantic SpaceX IPO set to trade on Friday, some of the selling could be to raise cash to pay for allocations, which should be big for institutions, but the reality is we could be on the edge of a much bigger sell-off. The Nasdaq was the biggest loser on the day, falling 1.98% to close at 25,169, while the Dow Jones Industrial Average was not far behind, ending the session at 49,918, down 1.87%. The S&P 500 closed at 7,266, down 1.62%, and the Russell 2000 was last seen at 2,835, down 1.10%.
Treasury Bonds:
Yields were higher across the Treasury curve, but the selling pressure wasn’t as severe as in equity markets. The huge CPI print, while the highest in 3 years, was expected, as that is where estimates were. Had the estimate been dramatically lower, we would have likely seen much more selling pressure. The 30-year-long bond closed the day at 5.03%, while the benchmark 10-year note finished the day at 4.55%.
Oil and Gas:
Needless to say, with the possibility of the war with Iran ratcheting up, energy prices across the board moved higher on Wednesday. When the closing bell rang, Brent Crude’s final print was recorded at $94.60, up 3.44%, while West Texas Intermediate closed the session at $90.03, up 2.07%. Natural gas tagged along for the energy ride, finishing the day at $3.19, up 1.43%.
Gold:
Gold had another tough day, and the trend for the precious metal is starting to look bad, as it hit its lowest level since last November. This selling trend follows reports that China bought +10 tonnes (a tonne is a metric reference, which is higher than the US ton) of gold in May, the largest monthly addition since January 2025. This follows +8 tonnes acquired in April, marking their 3rd consecutive monthly net purchase. China has now bought gold for 19 consecutive months, the longest streak since at least 2015, when its central bank began publishing more regular data on its gold reserves. The final trade for the precious metal on Wednesday came in at $4070.30, down 4.42%, while Silver was last seen at $62.25, down 2.95%.
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 Best Wall Street analyst upgrades, downgrades, and initiations seen on Thursday, June 11, 2026.
Upgrades:
- Black Hills (NYSE: BKH | BKH Price Prediction) was upgraded to Buy from Neutral at Bank of America, which nudged their target price to $78 from $76. The company is merging with Northwestern Energy in an all-stock deal.
- CME Group (NYSE: CME) was raised to Buy from Neutral by Rothschild & Co Redburn, which bumped the target price for the shares to $323 from $316.
- General Dynamics (NYSE: GD) was upgraded to Buy from Hold at Jefferies, which raised the price target for the Defense giant to $400 from $380.
- Henry Schein (NASDAQ: HSIC) was upgraded to Buy from Neutral at BTIG, with a $100 target price.
- Intel (NASDAQ: INTC) was double upgraded to Buy from Underperform at Bank of America, which raised the target price for the legacy chip giant to $135 from $96.
Downgrades:
- Chewy (NYSE: CHWY) was downgraded to Neutral from Buy at MoffettNathanson, without a price target.
- J.Jill (NYSE: JILL) was cut to Market Perform from Outperform at William Blair, without a price target.
- MarketAxess Holdings (NASDAQ: MKTX) was cut to Neutral from Buy at Rothschild & Co Redburn, which slashed the price target for the shares to $134 from $189.
- Procept Biorobotics (NASDAQ: PRCT) was downgraded to Market Perform from Outperform at Leerink, which cut the target price for the stock to $29 from $31.
Initiations:
- Callaway Golf (NYSE: CALY) was assumed in coverage with a Neutral rating at Goldman Sachs, which has set a $17 target price.
- Danaher (NYSE: DHR) was initiated with a Neutral rating at Piper Sandler, with a $200 target price objective.
- SpaceX (NASDAQ: SPCX) was started with no rating, but a $165 target price at New Street. Oppenheimer initiated coverage of the shares with an Outperform rating and a $190 target price. The massive IPO will start trading on Friday at $135.
- Rocket Lab USA (NASDAQ: RKLB) was started with a Neutral rating at KGI Securities, with a $105 target price.
- Toast (NYSE: TOST) was assumed with an Overweight rating at Piper Sandler, with a $32 target price.
Top Gaining Stocks
Top Losing Stocks