Pre-Market Stock Futures:
Futures are trading modestly higher after a stunning opening to the week, as all major indices rocketed higher. The announcement of a cease-fire deal with Iran, which the leaders in that country acknowledged, called for reopening the Strait of Hormuz toll-free. While details will still be worked out over the next 60 days, we are finally on track to conclude the fighting that has been ongoing since February. The tech-heavy Nasdaq was a huge winner on Monday, closing up 3.06% at 26,683, while the S&P 500 finished Monday up 1.65% at 7,554. The Dow Jones Industrial Average, which set a new all-time high, was last seen at 51,671, up 0.92%, while the small-cap-laden Russell 2000 finished the session up 0.72% at 2,973.
Treasury Bonds:
Once again, as on Friday, yields were down across the entire Treasury curve as a combination of institutional buying and what was very likely short-covering pushed prices higher for government debt. Short-sellers had been leaning on Treasury debt as chatter of interest rate hikes has become louder over the last few months. Kevin Warsh, the new Federal Reserve Chairman, will hold his first meeting, and rates are expected to remain on hold. The 30-year bond closed at 4.98% on Monday, while the 10-year note was last at 4.48%.
Oil and Gas:
Needless to say, oil was hammered across the board as news from Iran brought sellers out in full force. Industry pundits were quick to point out that even if the ceasefire holds and the Strait of Hormuz is reopened, that doesn’t mean a quick turnaround on oil and natural gas flows. Brent Crude closed lower by 4.24% at $83.63, while West Texas Intermediate was last seen at $81.33, down 4.18%. Natural gas was the lone winner on Monday, up 1.12% at $3.16.
Gold:
Gold had a solid day, even though some of the big morning gains faded as afternoon trading kicked in; the precious metal complex still ended the day solidly higher. Gold closed trading at $4,310, up 2.17%, while Silver finished the day at $69.80, up 2.76%.
Crypto:
Crypto markets roared higher Monday as a U.S.-Iran peace deal sparked a global risk-on rally across stocks, commodities, and digital assets. Bitcoin surged past $66,000 to a two-week high near $66,500, while Ethereum, Solana, and XRP jumped between 3% and 8%. The rebound added billions to the overall crypto market cap as investors welcomed easing Middle East tensions and renewed appetite for risk assets. Some have warned that the recent Bitcoin price spike could be a proverbial dead-cat bounce. At 8A EDT, Bitcoin was trading at $66,360, while Ethereum was reported at $1,793.
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 Tuesday, June 16, 2026.
Upgrades:
- Dynatrace (NYSE: DT) | DT Price Prediction was upgraded to Buy from Neutral at UBS, which lifted the target price for the shares to $60 from $36.
- Extra Space Storage (NYSE: EXR) was raised to Neutral from Underperform at Bank of America, which bumped the price target to $156 from $147.
- Exxon Mobil (NYSE: XOM) was upgraded to Buy from Neutral at Bank of America, which has a $154 target price for the legacy energy giant.
- Palantir Technologies (NASDAQ: PLTR) was resumed with a Peer Perform rating, which was raised from Underperform at Wolfe Research, without a price target.
- W.P. Carey (NYSE: WPC) was raised to Neutral from Underperform at Bank of America, which raised the target price for the shares to $83 from $73.
Downgrades:
- Dave & Busters (NASDAQ: PLAY) was downgraded to Hold from Buy at Benchmark, without a price target.
- Payoneer Global (NASDAQ: PAYO) was cut to Neutral from Buy at Citigroup, with a $7.40 per share target. Nuvei is acquiring the company for that amount in cash.
- Rocket Companies (NYSE: RKT) was cut to Neutral from Buy at BTIG, without a target price.
- Roku (NASDAQ: ROKU) was downgraded to Neutral from Overweight at JPMorgan, with a $160 target price. Fox is acquiring the company for $160 per share.
- Tanger Factory Outlet Centers (NYSE: SKT) was downgraded to Underperform from Neutral at Bank of America, with an unchanged price target of $38.
Initiations:
- Emerson Electric Company (NYSE: EMR) was started with a Neutral rating at DA Davidson, with a $145 target price.
- Flutter Entertainment (NYSE: FLUT) was initiated with an Outperform rating at Wedbush, with a $138 target price objective.
- Genuine Parts Company (NYSE: GPC) was initiated with a Buy rating at DA Davidson, with a $145 target price for the shares.
- nVent Electric (NYSE: NVT) was started with a Buy rating at Melius Research, with a $214 target price.
- Spruce Biosciences (NASDAQ: SPRB) was initiated with a Buy rating at Guggenheim, with a $123 target price.
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