Tuesday's Top Analyst Upgrades and Downgrades: Affirm, CrowdStrike, CSX, Evergy, FedEx, Knight-Swift, Ryder, Raven Industries, Twilio, Zoom, and More

Investing

Published: June 22, 2021 9:22 am

Last Updated: August 12, 2021 11:36 am

Tuesday’s futures were relatively flat after a very positive Monday for the broad markets. Apart from this, cryptocurrency prices were much lower as concerns of mounting regulatory actions from China continued to gain traction—Dogecoin was seeing some of the worst of it. Investors are still wary of the recent Federal Reserve meeting, and there is still a reckoning of unemployment and inflation to deal with.

Wall Street is concerned about tapering of the quantitative easing program, but despite a clear building of inflationary pressures, the Federal Reserve is vowing to keep interest rates contained. That could be one reason for the continued moves higher in the equity markets, even after sell-offs. Another big plus is the continued massive inflows into money markets.

With major Wall Street firms still warning of the potential for an impending 5% to 10% correction across the board, it makes sense for investors to continue building some cash reserves into the market strength while repositioning portfolios for the coming quarter and the rest of 2021.

24/7 Wall St. reviews dozens of analyst research reports each day of the week with a goal of finding new ideas for investors and traders alike. Some of these daily analyst calls cover stocks to buy. Other calls cover stocks to sell or avoid. Remember that no single analyst call should ever be used as a basis to buy or sell a stock. Consensus analyst target data is from Refinitiv.

These are the top analyst upgrades, downgrades, and initiations seen on Tuesday, June 22, 2021.

Credit card companies are handing out rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.