Pre-Market Stock Futures:
The futures are trending higher after the December consumer price index came in at 2.7%, which matched Wall Street expectations. The reversal in the futures comes after a wild Monday that saw stocks get hammered on the open, amid news of Department of Justice subpoenas sent to Federal Reserve Chairman Jay Powell regarding his testimony to Congress last summer. Initially, all the major indices plunged on the news, then reversed sharply to finish higher on the day. Both the Dow Jones Industrials, which closed up 0.17% at 49,590, and the S&P 500, which ended the day higher by 0.16% at 6,977, once again printed new all-time highs as the January strength continues. The tech-heavy Nasdaq was last seen at 23,833, up 0.25%, and the Russel 2000 continued its red-hot start to the year, closing at 2,635, up 0.44%. The R2K is leading all the major indices in 2026, up 5.7% on the year. Wall Street is now looking forward to the start of the fourth-quarter earnings, with the big money-center banks reporting later this week.
Treasury Bonds:
Yields were higher across the entire Treasury curve on Monday, and you can bet that the controversy with the Federal Reserve receiving subpoenas was a big reason for the selling. The uncertainty about Fed independence and the potential for government intervention pushed bond prices down, echoing past “Sell America” events in 2025. The reality is this will likely blow over quickly, as a mountain of economic news and the start of earnings season will redirect attention. The 30-year bond closed at 4.84%, while the benchmark 10-year note was last seen at 4.19%.
Oil and Gas:
Prices were higher across the energy complex on Monday as geopolitical tensions in multiple regions around the globe and the potential for long-term changes to the global oil supply drove crude oil prices higher, with the WTI and Brent benchmarks both climbing. Brent Crude closed trading on Monday at $64.01, up 1.06%, while West Texas Intermediate finished the session at $59.63, up 0.85%. Natural gas stormed back after a wave of frigid weather swept across a large swath of the U.S. Monday, closing up 6.5% at $3.38.
Gold:
In what seems like a never-ending story, Gold closed Monday at $4,596, up another 1.94%. Wall Street’s $5,000 price targets for the precious metal could arrive much sooner than expected. The combination of numerous geopolitical hotspots and Federal Reserve news once again provided the stiff tailwind that has been present for well over a year. Silver also bolted higher on Monday, climbing a massive 6.6% to close trading at $85.14. Wall Street’s $100 price targets are getting closer by the week, and with most rebalancing finished, the path for Silver looks higher.
Crypto:
The crypto market traded range-bound and sideways on Monday, influenced by a “risk-off” environment, much like other asset classes, driven by rising geopolitical tensions and uncertainty over U.S. monetary policy, including the escalating dispute between the Trump administration and Federal Reserve Chair Powell. At 8A EST, Bitcoin was quoted at $92,010, while Ethereum was posted at $3, 131.
24/7 Wall St. reviews dozens of analyst research reports daily to identify new investment ideas for both investors and traders. 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.
Here are some of the top Wall Street analyst upgrades, downgrades, and initiations seen on Tuesday, January 13, 2026.
Upgrades:
- Advance Micro Devices Inc. (NASDAQ: AMD | AMD Price Prediction) was raised to Overweight from Sector Weight at KeyBanc, which has set a $270 p[rice target for the shares.
- Hub Group Inc. (NASDAQ: HUBG) was upgraded to Outperform from In Line at Evercore ISI, which raised the target price to $53 from $38.
- Intel Corp. (NASDAQ: INTC) was upgraded to Overweight from Sector Weight at KeyBanc with a $60 target price objective.
- KLA Corp. (NASDAQ: KLAC) was upgraded to Buy from Hold at TD Cowen, which launched the target price for the stock to $1,800 from $1,300.
- Mastercard Incorporated (NYSE: MA) was raised to Buy from Neutral at Compass Point, which boosted the target price for the stock to $735 from $620.
Downgrades:
- Adobe Corp. (NASDAQ: ADBE) was downgraded to Perform from Outperform at Oppenheimer; no target price was listed.
- Alcoa Inc. (NYSE: AA) was downgraded to Equal Weight from Overweight at Wells Fargo, which actually lifted the target price for the aluminum giant to $71 from $58.
- Five Below Inc. (NASDAQ: FIVE) was downgraded to Hold from Buy at Jefferies, which trimmed the target price for the shares to $210 from $215.
- PayPal Holdings Inc. (NASDAQ: PYPL) was downgraded to Neutral from Outperform at Daiwa, which has a $61 target price for the stock.
- Synopsis Inc. (NASDAQ: SNPS) was cut to Neutral from Overweight at Piper Sandler, which lowered the target price for the company to $520 from $602.
Initiations:
- The Walt Disney Company (NYSE: DIS) was started with an Accumulate rating at Phillip Securities with a $130 target price.
- NetApp Inc. (NASDAQ: NTAP) was initiated with a Buy rating at Goldman Sachs, which has a $128 target price for the shares.
- Reddit Inc. (NYSE: RDDT) was initiated with an Outperform rating at Evercore ISI with a $320 target price objective.
- Super Micro Computer, Inc. (NASDAQ: SMCI) was assumed with a Sell rating at Goldman Sachs with a $26 target price.
- Tyler Technologies Inc. (NYSE: TYL) was assumed with a Buy rating at Goldman Sachs with a $560 target price.
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