Here are the biggest calls on Wall Street on Thursday.
Jeremy Siegel says stocks are ‘not out of the woods’ yet due to difficult China negotiations ahead
“It definitely will have to be negotiation with China. I don’t know whether Trump holds as many cards as he thinks he holds,” Siegel said.
This restaurant software stock gets a double upgrade from Wells Fargo
Wells Fargo sees shares of Toast rising 13% from here.
Tesla gets price target cut from three Wall Street shops
Mizuho’s price target cut still implies Tesla stock could rise 38% from here, while UBS’ new forecast is roughly 30% below the stock’s Wednesday close.
Buy the dip on ‘ad tech’s best executor’, Morgan Stanley says
Analyst Matthew Cost upgraded the mobile ad company to overweight from equal weight.
UBS downgrades GM, cuts Tesla price target as tariff pressure increases
UBS’ new price target for General Motors still implies that shares could gain 11% from their current valuations.
Thursday’s big stock stories: What’s likely to move the market in the next trading session
President Trump announced a reprieve on some ‘reciprocal’ tariffs, lifting the S&P 500 to its biggest gain since 2008. What CNBC is watching Thursday.
Trump’s morning ‘buy’ call nets huge returns for those who listened
CNBC calculated how much well-known holdings rallied between when Trump posted and session highs.
United Airlines, Microchip Technology lead the stocks posting 20%-plus reversals on Trump tariff pause
More than a dozen companies swung more than 20% from their lows to their highs in Wednesday’s furious rally.
Bill Ackman praises Trump’s tariff pause: ‘Thank you on behalf of all Americans’
“Thank you on behalf of all Americans,” Ackman wrote in a post on social media platform X. Shortly after, he added, “[Treasury Secretary Scott Bessent] rocks!”