Pre-Market Stock Futures:
Futures are trading higher after a nice bounce-back day for Wall Street, as a tepid June consumer price index report, combined with the President dropping the big Strait of Hormuz tolls, brought buyers back to the table. When the final bell rang, all of the major indices finished the day higher. The tech-heavy Nasdaq led the charge, closing at 26,107, up 0.90%, while the Russell 2000 small-cap index finished the session at 2,965, up 0.43%. The S&P 500 closed Tuesday trading at 7,543, up 0.38%, while the venerable Dow Jones Industrial Average eked out a small 0.02% gain at 52,508 to finish on the plus side. Super-strong earnings from the large money-center banks and white-glove financials helped block International Business Machines (NYSE: IBM | IBM Price Prediction) on Tuesday, as the legacy tech giant wiped out over $50 billion in market value after issuing a preliminary revenue warning for the second quarter. This historic single-day drop was the worst for Big Blue since 1987.
Treasury Bonds:
What a difference a day makes. After sellers hammered, the treasury complex and yields rose across the curve to start the week. The exact opposite happened on Tuesday, after the calm June consumer price index report cooled fears of rate hikes, bringing back buyers’ search for some juice in Treasury yields. The 30-year bond closed the day flat at 5.10%, while yields on all other maturities dropped, except for the 1- and 3-month T-bills, which were unchanged. The 10-year note was last seen at 4.59%.
Oil and Gas:
Despite the President scrapping the toll for the Starit of Hormuz midday, prices for the major oil benchmarks moved higher on Tuesday. While not the massive move we saw on Monday, concerns over a long-running dispute with Iran continue to weigh on oil prices. Brent Crude closed the day at $85.52, up 2.67%, while West Texas Intermediate was last seen at $79.96, up 2.33%. Natural gas finished the day at $2.92, up 0.79%.
Gold:
The precious metals also had a mixed bounce-back day yesterday, as bonds traded lower on the positive CPI print, and prices recovered from a 2-week low amid a weaker dollar. Gold closed the session at $4,013, up over 2%, while Silver ended the session lower at $57.86, the lowest close in several months.
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 top Wall Street analyst upgrades, downgrades, and initiations seen on Wednesday, July 15, 2026.
Upgrades:
- AMC Entertainment Holdings (NYSE: AMC) was upgraded to Buy from Hold at Texas Capital, with a $3 target price.
- CAVA Group (NYSE: CAVA) was upgraded to Overweight from Equal Weight at Morgan Stanley, which bumped the price target to $90 from $86.
- CNX Resources (NYSE: CNX) was upgraded to Hold from Sell at Truist Financial, with a $35 target price.
- Digital Realty Trust (NYSE: DLR) was raised to Buy from Neutral at Guggenheim, which has a $200 target price for the shares.
- Nextpower (NASDAQ: NXT) was upgraded to Buy from Neutral at Guggenheim, with a $125 target price.
Downgrades:
- Allstate (NYSE: ALL) was downgraded to Neutral from Buy at UBS, which nudged the target price for the insurance giant to $261 from $255.
- Check Point Software Technologies (NASDAQ: CHKP) was cut to Market Perform from Outperform at Raymond James, without a price target.
- International Business Machines (NYSE: IBM) was downgraded to Perform from Outperform at Oppenheimer, without a target price.
- TransDigm Group (NYSE: TDG) was downgraded to Equal Weight from Overweight at Morgan Stanley, which slashed the target price for the stock to $1,345 from $1,680.
- Travelers Companies (NYSE: TRV) was cut to Underweight from Equal Weight at Morgan Stanley, which dropped the target price for the shares to $290 from $333.
Initiations:
- Boeing Company (NYSE: BA) was initiated with a Neutral rating at BTG Pactual, which has a $260 target price for the aerospace giant.
- FedEx (NYSE: FDX) was started with an Outperform rating at Citizens, which has a $375 target price.
- GXO Logistics (NYSE: GXO) was initiated with an Outperform rating at Citizens, with an $80 target price.
- SM Energy (NYSE: SM) was initiated with a Buy rating at UBS, which has set a $36 target price for the shares.
- United Parcel Services (NYSE: UPS) was started with a Market Perform rating at Citizens, without a target price.
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