Pre-Market Stock Futures:
Futures are trading mixed as we get ready to start the first full week of trading for the third quarter, as traders and investors return from the long 4th of July holiday. With second-quarter earnings starting this week, and with all of the major indices trading at or near all-time highs, you can bet that any company that reports earnings that miss the mark or gives guidance less than expected could get hit hard. The Dow Jones Industrials hit yet another all-time high last Thursday, closing the session at 52,900, up 1.14%, while the S&P 500 closed essientially flat at 7,482, up 0.01%. The Nasdaq took another hit Thursday as sellers returned for the rotation trade, with chip stocks tagged again, and closed the day at 25,832, down 0.80%. The small-cap heavy Russell 2000 also closed lower to end the week, down 0.55% at 2,996.
Treasury Bonds:
Yields were mixed across the Treasury curve on Thursday as buyers continued to load up on the short end and belly of the curve, while some selling came in on the long end. The non-farm payroll report came in much lower than anticipated, at 57,000 versus expectations of 110,000, and unemployment ticked lower to 4.2%. Worries about rate hikes later this year finally took a back seat, at least for the time being. The 30-year-long bond closed the session at 4.99%, while the 10-year note closed at 4.49%.
Oil and Gas:
Oil prices closed mixed on Thursday as ships continue to pass through the Strait of Hormuz unimpeded and supplies worldwide are finally returning closer to normal. When the final trades came in on Thursday, Brent Crude was basically unchanged at $71.59, while West Texas Intermediate closed lower at $68.46, down 0.17%. Natural gas, which has been strong recently, closed down 0.34% at $3.21.
Gold:
After a dreadful month of June and the second quarter, Gold continues to show signs of life. Thursday, the precious metal closed higher by 2.27% at $4,121, while Silver also continued to run higher, closing the session up 3.15% at $60.83. The declining chances of a rate hike gave the precious metals complex a tailwind on Thursday, and it is likely to continue this week.
Crypto:
24/7 Wall St. reviews dozens of analyst research reports every day to identify fresh investment ideas for investors and traders alike. These daily analyst notes include recommendations on stocks to buy, sell, or avoid, as well as new coverage initiations. Important reminder: No single analyst report should ever be the sole basis for buying or selling a stock.
Here are some of the best Wall Street analyst upgrades, downgrades, and initiations seen on Monday, July 6, 2026.
Upgrades:
- Agnico Eagle Mines (NYSE: AEM | AEM Price Prediction) was upgraded to Buy from Hold at Jefferies. which moved the price target for the shares up to $200 from $187.
- Gilead Sciences (NASDAQ: GILD) was upgraded to Buy from Hold at HSBC, which lifted the target price for the shares to $155 from $133.
- Okta (NASDAQ: OKTA) was upgraded to Putperform from Sector Perform at Scotiabank, with a $165 target price.
- T-Mobile US (NASDAQ: TMUS) was upgraded to Buy from Hold at Bank of America, with a $220 target price.
- U.S. Bancorp (NYSE: USB) was raised to Buy from Hold at Jefferies, and boosted the target price for the stock to $75 from $60.
Downgrades:
- Datadog (NASDAQ: DDOG) was downgraded to Market Perform from Outperform at Bernstein, which raised the price target to $226 from $180.
- Delta Air Lines (NYSE: DAL) was cut to Outperform from Strong Buy at Raymond James, which lifted the target price for the stock to $104 from $80.
- JetBlue Airways (NASDAQ: JBLU) was downgraded to Underperform from Market Perform at Raymond James, without a price target.
- Pfizer (NYSE: PFE) was cut to Hold from Buy at HSBC, which trimmed the target price for the pharmaceutical giant to $28 from $32.
- Regions Financial (NYSE: RF) was cut to Underperform from Neutral at Baird, with a $28 target price.
Initiations:
- ERock (NYSE: EROC) was initiated with an Outperform rating at Evercore ISI, with a $28 target price. JPMorgan started the shares with an Overweight rating and a $28 target, while Morgan Stanley initiated the stock with an Overweight rating and a $21 target price. The company was a recent IPO.
- Glaukos (NYSE: GKOS) was started with a Buy rating at H.C. Wainwright, with a $168 target price.
- NRG Energy (NYSE: NRG) was initiated with a Buy rating at Siebert Williams, with a $184 target price.
- Parabilis Medicines (NASDAQ: PBLS) was initiated with a Buy rating at Bank of America, with a $45 target price.
- Whitehawk Minerals (NYSE: WHK) was initiated with a Buy rating at Stifel, with a $30 target price for the shares.
Contact [email protected] for any questions or corrections.
Top Gaining Stocks
Top Losing Stocks