Here are the biggest calls on Wall Street on Thursday.
TD Cowen downgrades Dick’s Sporting Goods, calls Foot Locker acquisition a ‘strategic mistake’
The deal between Dick’s Sporting Goods and Foot Locker could threaten the structural integrity of both businesses, according to TD Cowen.
Wells Fargo upgrades this tech stock after an earnings beat, sees strong AI momentum
Analyst Aaron Rakers upgraded the technology stock to overweight from equal weight.
Microsoft can jump nearly 20% after strong earnings report, Citi says
Citi is more bullish on Microsoft going forward, pointing to the company’s strong earnings and tariff de-escalation as catalysts.
Best tock picks from Sohn hedge fund conference include Wex, Adobe and Teva
Sohn Investment Conference, one of the highest profile gatherings on Wall Street, welcomed several seasoned investors to present their latest conviction picks.
Steve Cohen says stocks could retest their April lows, sees a 45% chance of recession
Cohen’s comments came after the U.S. and China suspended reciprocal tariffs pending a 90-day negotiating period, which sparked a sharp rally in stocks.
Buy this ‘second-best’ AI play amid its recent rally, Nations Indexes’ Scott Nations says
Investors should consider buying this chip stock following a slew of positive headlines, according to Nations Indexes president Scott Nations.
Hedge fund manager Einhorn sees upside for gold and inflation
The hedge fund manager told CNBC he still believes gold can go higher after a strong start to 2025.
Greenlight’s David Einhorn unveils his new pick, says it could be a tariff beneficiary
“I’m presenting a company where the management has made excellent strategic decisions but the stock has suffered due to a lot of bad luck,” Einhorn said.
Buy these dividend-paying regional bank stocks, Truist says
In the current economic climate, Truist is being selective when it comes to small- and mid-cap banks. Here are names on its buy list.