Here are Wall Street’s biggest calls on Thursday: Morgan Stanley reiterates overweight on Tesla Morgan Stanley said it maintained an overweight rating on the stock despite Tesla’s volatility. “Tesla’s global EV share fell to 12% in April, compared with 19% last month and 17% year-to-date. The implementation of China’s tariffs may cause near-term monthly fluctuations in global EVs.” Oppenheimer Reiterating that Walmart is a top pick, Oppenheimer said it supports Walmart stock. “Continuing to build on multi-year profit boom; maintaining top pick status.” DA Davidson reiterates Apple neutral DA Davidson said it will maintain a neutral rating on the stock at the company’s Worldwide Developers Conference next week. “At WWDC, we expect Apple to unveil its long-term vision for implementing generative artificial intelligence across its diverse ecosystem of personal devices.” Goldman Sachs Reaffirms Buy Rating on Nvidia Goldman Sachs said it will maintain its buy rating on the stock . “We reiterate our Buy rating on the stock (which is also on the Americas Conviction List) as we continue to view Nvidia as the industry standard and key enabler as it relates to the computing required to accelerate Gen AI development/deployment , we think Wall Street consensus estimates Bernstein Startup Diamondback Energy outperforms, Bernstein said it sees a slew of positive catalysts for the oil and gas company, “FANG (Midland-Focused Permian) Ji Pure Business) is able to negotiate its own stock + cash. No other publicly traded oil company with such concentrated scale in the most prolific shale basin on Earth is improving. “We upgraded United to a holding.Buy as our updated profit forecasts couple[d] Citi upgrades eBay to Neutral Buy Citi restored coverage of eBay and said the valuation is compelling. Buyback catalysts and improving fundamentals at fair valuation. plans, and with the launch of multiple projects, Citi said the risk/reward is now more balanced. The rewards are more balanced. ), and seeing the advantages of multiple rare disease product lines, J.P. Morgan upgraded StoneCo to “overweight.” “Attractive” earnings growth potential, “We have been on the sidelines on the payments space for some time. It’s not an easy industry due to fierce competition, but the current multiples for growing bank franchises make us even more aggressive . We upgrade StoneCo to Overweight from Neutral due to attractive EPS potential. Danley is building infrastructure to advise and finance BMO upgraded Rubrik to Outperform from Market Perform, BMO said. A compelling entry point for this cybersecurity company’s stock. RBRK shares are down about 14% over the past two weeks, though we prefer a better entry point. “Risks to EPS expectations have shifted to the upside as we expect the company’s initiatives to support cost cuts and improved execution.” Buy from Neutral and raise our price target to $50 from $36. SEE has significantly underperformed the market over the past two years (down approximately 38% compared to the S&P Containers & Packaging Index’s decline of approximately 4%) due to negative volume trends. Stocks J.P. Morgan said, “Zeekr is China’s leading high-end smart electric vehicle (EV) manufacturer with well-established premium brands and leadership in electrification and automotive industry innovation.” The company is “launching an offensive in the Gen AI space.” “Judging from first-quarter earnings, Google I/O and Google Marketing Live (GML), we believe the company is on the offensive in the Gen AI space and is innovating at a faster pace. Jefferies will invest in Capital One One) Upgraded to Buy Jefferies said Capital One is in a “win-win” situation as a standalone company or together with the DFS merger since its second-quarter earnings report. Disney has been on the mend since the conference call with all eyes on its upcoming DTC, but even its first-ever profitable quarter wasn’t enough to overcome weak guidance from Parks, which contributed 70%. % OI 23. Evercore ISI Adds Carvana to Tactical Outperform List Evercore Says Bullish on KMX F1Q Earnings on June 21, and Carvana on June 25. A trip to the IRC Inspection Center (Rocklin, CA) on 24/7. ” UBS reiterated its purchase of Netflix. UBS said it saw growth momentum after the ad buyer survey. “Compared with last year’s survey, Netflix’s favorability among CTV platforms has improved most significantly. ” MoffettNathanson downgraded Shopify to neutral from buy. Moffett said the stock faces too many negative catalysts. “All good things must come to an end. As far as Shopify is concerned, with the loss of the company’s merchant base in fiscal 22/23, and merchant churn, requiring Shopify to continually pump capital into the funnel, ultimately leading to increased customer acquisition spending,” J.P. Morgan reiterated its Overweight rating on Broadcom shares, the company said. “The company should be a strong beneficiary of the trend toward more custom chip designs as large cloud giants/OEMs look to drive more performance, power and cost differentiation on top of their software frameworks.”
