Pre-Market Stock Futures:
The futures are trading higher this morning, following a solid bounce-back rally across the major indices on Wednesday, after the worst day for stocks since October. Stocks were headed lower at the open, but as President Trump addressed the audience at the World Economic Forum in Davos, Switzerland, the moment he mentioned that the United States had no intention of using force in the quest to acquire Greenland, stocks reversed and headed higher all the way to the close. The Dow Jones Industrials closed at 49,077, up 1.21%, and the S&P 500 ended trading at 6,875, up 1.1%. The tech-heavy Nasdaq closed at 23,224, up 1.18%. The Russell 2000, which is leading all of the major indices so far in 2026, up 6.1%, won the day, closing up 2% at 2,698.
Treasury Bonds:
Yields were mixed across the treasury curve on Wednesday, after two days of heavy selling that had lifted yields to the highest levels in some time. The sellers remained in place on some of the shorter T-bill maturities, but buyers stepped in for the middle- and longer-dated notes and bonds. The recovery was primarily driven by eased geopolitical tensions and strong demand for government debt. The 30-year-long bond closed the day at 4.87%, while the benchmark 10-year note was last seen at 4.25%.
Oil and Gas:
Prices were higher across the energy complex on Wednesday, but the big story of the day was Natural gas, which ripped higher by a staggering 24.78% to finish the session at $4.88, for a two-day move of almost 50%. The combination of short covering, a massive winter storm heading down from Canada and the Arctic, and continued rising demand driven by Data Center usage as AI and cloud computing continue to soar were all factors in the parabolic leap higher. Brent Crude closed the day at $65.30, up 0.59%, while West Texas Intermediate was last seen at $60.62, up 0.43%.
Gold:
Gold continued its march higher as the same factors that have been driving the price sky-high for the last year remain in place: global geopolitical concerns, demand from global central banks, and retail investors. The final trade for Wednesday was reported at $4,831, up 1.45%. Silver continues to struggle somewhat as it nears the $100 mark, closed flat on the day at 92.61.
Crypto:
Crypto markets experienced a sharp downturn with primary tokens dropping amid escalating U.S.-Europe trade tensions and broader “risk-off” sentiment. The total cryptocurrency market capitalization decreased by roughly 2.4% to $3.1 trillion, with 92 of the top 100 coins posting losses. The recent downturn serves as a reminder of crypto’s continued sensitivity to macroeconomic headwinds and geopolitical developments, despite the sector’s maturation over the past few years. At 8 a.m. EST, Bitcoin was trading at $89,945, while Ethereum was quoted at $2.985.
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 Thursday, January 22, 2026.
Upgrades:
- Alphabet Inc. (NASDAQ: GOOGL | GOOGL Price Prediction) was upgraded to Strong Buy from Outperform at Raymond James, which boosted the target price for the tech giant to $400 from $315.
- Callaway Golf Inc (NYSE: CALY) was raised to Buy from Neutral at B. Riley, which lifted the target price to $19 from $11.
- Datadog Inc. (NASDAQ: DDOG) was upgraded to Buy from Hold at Stifel, which lowered the target price for the stock to $160 from $205.
- Sphere Entertainment Co. (NYSE: SPHR) was upgraded to Buy from Neutral at BTIG with a $110 target price.
- Texas Instruments Inc. (NYSE: TXN) was raised to Neutral from Underperform at BNP Paribas, with a $190 price target objective.
Downgrades:
- Amicus Therapeutics Inc. (NASDAQ: FOLD) was downgraded to Hold from Buy at Jefferies, which trimmed the target price to $14.50 from $16.
- Chemed Corp. (NYSE: CHE) was downgraded to Hold from Buy at Jefferies, which slashed the target price for the shares to $475 from $550.
- Hyatt Hotels Corp. (NYSE: H) was cut to In Line from Outperform at Evercore ISI, which actually bumped the target price for the hotel giant to $175 from $170.
- LCI Industries Inc. (NYSE: LCII) was cut to Hold from Buy at Loop Capital with a $149 target.
- Legend Biotech Corp. (NASDAQ: LEGN) was downgraded to Hold from Buy at TD Cowen, which lowered the target price for the stock in a big way to $21 from $62.
Initiations:
- Accenture plc. (NYSE: ACN) was initiated with a Buy rating and a $313 target price at Berenberg.
- Dycom Industries Inc. (NYSE: DY) was initiated with a Buy rating at Guggenheim with a $510 target price.
- Kratos Defense and Security Solutions Inc. (NASDAQ: KTOS) was initiated with a Neutral rating at Piper Sandlerwith a $99 prce target.
- Palintir Technologies Inc. (NASDAQ: PLTR) was started with a Buy rating at Phillip Securities with a $208 price target objective.
- Verizon Communications Inc. (NYSE: VZ) was reinstated with an Equal Weight rating at Barclays with a $43 target price.
Top Gaining Stocks
Top Losing Stocks