Pre-Market Stock Futures:
Futures are trading modestly higher after there was no encore follow-through on Monday, following a record-breaking week on Wall Street that saw two of the major indices hit all-time highs. Risk-off was the word to start the week off as all of the major indices finished in the red on Monday. The losses were modest on Monday, with the Nasdaq closing down 0.32% at 26,605, and the small-cap Russell 2000 down 0.56% at 3,017. The Dow Jones Industrials finished lower by 0.11% at 53,975, while the S&P 500 fared best, closing just 0.06% lower at 7,753. One thing is for sure: traders and investors alike are nervously waiting for the consumer price index report on Wednesday and the producer price index the following day. Many are worried that the benign June inflation report, released in early July, will not be repeated when the July report is released. Should inflation spike back to May levels or worse, that could very well lock in a Federal Reserve rate hike of 25 basis points (1.4% of 1%) in September.
Treasury Bonds:
The same concerns that kept a lid on stocks also drifted into the bond market, as yields rose across the entire Treasury curve, with most of the damage in the belly and the long end. Inflation worries, rising oil prices, and the ongoing situation in the Middle East involving Iran all conspired to bring sellers out. The 30-year long bond closed the day at 5.25%, while the benchmark 10-year note finsihed the day at 4.71%.
Oil and Gas:
Prices soared once again in the energy complex as the Strait of Hormuz bottleneck persisted, with traders citing growing doubts about a diplomatic settlement. Bank of America noted during the day that 10 times more ships need passage to stabilize oil markets. When the final bell rang, Brent Crude closed at $87.85, up 5.15%, while West Texas Intermediate was last seen at $82.30, up 5.27%. Natural gas also had a big day, closing at $2.78, up 4.36%.
Gold:
After finishing its best week in 7 months, Gold kept the streak going with a solid performance on Monday. Traders cited the lousy jobs data from Friday, ongoing central bank purchases, and inflation, all of which provided a stiff tailwind for precious metals. Gold closed the session at $4,388, up 1.10%, while Silver closed at $65.85, up 3.37%.
Crypto:
Bitcoin and other top cryptocurrencies pushed past $65,000 earlier in the session, putting them on track for a positive week. That momentum faded somewhat as U.S. afternoon trading progressed, with Bitcoin slipping back to the $63,800–$64,000 range. Traders were cautious ahead of the U.S. inflation report Wednesday, while also weighing news that the Senate had postponed a vote on legislation to regulate digital asset markets. At 8 AM EDT, Bitcoin traded at $64,225, while Ethereum traded at $1,890.
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 Tuesday, August 11. 2026.
Upgrades:
- Abercrombie & Fitch (NYSE: ANF | ANF Price Prediction) was upgraded to Equal Weight from Underweight at Barclays, which raised the price target for the retailer to $114 from $78.
- Best Buy (NYSE: BBY) was raised to Buy from Hold at Truist Financial, with a $95 target price for the stock.
- Boeing Company (NYSE: BA) was raised to Buy from Hold at Argus
- Jabil (NYSE: JBL) was upgraded to Buy from Neutral at UBS, with a $430 target price.
- Spotify Technology (NYSE: SPOT) was upgraded to Buy from Neutral at Phillip Securities, with a $650 target price.
Downgrades:
- Airbnb (NASDAQ: ABNB) was downgraded to Reduce from Neutral at Phillip Securities, with a $158 target price.
- Allstate (NYSE: ALL) was downgraded to Sell from Neutral at Citigroup, which bumped the price target for the insurance giant to $240 from $226.
- AppLovin Corporation (NASDAQ: APP) was downgraded to Neutral from Buy at Bank of America, which cut the price target to $400 from $430.
- The Gap (NYSE: GAP) was cut to Equal Weight from Overweight at Barclays, which trimmed the price target for the stock to $20 from $26.
- Under Armour (NYSE: UAA) was downgraded to Underweight from Equal Weight by Barclays, with an unchanged $5 target price.
Initiations:
- Arista Networks (NYSE: ANET) was reinstated with a Buy rating at William O’Neil, without a target price.
- Autodesk (NASDAQ: ADSK) was initiated with a Neutral rating at Goldman Sachs, with a $260 target price.
- BigBear.ai (NASDAQ: BBAI) was initiated with a Buy rating at Tiger Partners, with a $5 target price.
- Fiserv (NASDAQ: FISV) was resumed with an Equal Weight rating at Stephens, with a $57 target price.
- Jack Henry & Associates (NASDAQ: JKHY) was resumed with an Overweight rating at Stephens, which has a $200 target price objective for the stock.
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