Pre-Market Stock Futures:
Futures are trading mostly lower after a rather ho-hum start to the trading week on Monday. While the S&P 500 and the Nasdaq did print new highs before fading somewhat, after last week’s wild swings, it was a rather quiet start to the week. With 30% of the S&P 500 poised to report this week, or about 170 companies, Wall Street is keeping a close eye on the results and forward guidance. The major indices closed mixed on Monday, with the Dow Jones Industrials trading lower and closing at 49,167, down 0.13%, and despite notching new records, the S&P 500 finished the day off its highs at 7,173, up 0.12%, and the Nasdaq was last seen at 24,887, up 0.020%. The Small-cap Russell 2000 closed essientially unchanged at 2,788, but remains the top index so far this year, up 11.8%.
Treasury Bonds:
Yields rose across the Treasury curve amid higher oil prices and continued strength in the dollar. With the Federal Reserve unlikely to lower rates as inflation edges higher, investors are likely anticipating higher Treasury yields in the not-too-distant future. The 30-year long bond closed the session at 4.94%, while the benchmark 10-year note was last seen at 4.33%.
Oil and Gas:
As has become standard operating procedure since the war with Iran began, negative headlines about progress in the Middle East often dictate oil prices. With no apparent progress in negotiations with Iranian leaders and the U.S. still monitoring the Strait of Hormuz, the path of least resistance for the black gold was higher. Brent Crude finished Monday’s session at $108.20, up 2.74%, while West Texas Intermediate closed at 96.43, up 2.15%. Natural gas ended Monday at $2.55, up 1%.
Gold:
Gold hit a three-week low on Monday as sellers turned out in full form. While many feel the ongoing shift away from dollar reserves toward gold will be a bullish tailwind for the precious metal, the reality is that some profit-taking after a stellar two-year run is likely. Gold closed the Monday session at $4,677, down 0.67%, while Silver finished Monday at $75.33, down 0.33%
Crypto:
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, April 28, 2026.
Upgrades:
- BP (NYSE: BP | BP Price Prediction) was upgraded to Overweight from Equal Weight at Morgan Stanley, which has a $49.40 for the British integrated oil giant.
- International Business Machines (NYSE: IBM) was upgraded to Hold from Reduce at HSBC, with a $231 target price.
- Old Dominion Freight Line (NASDAQ: ODFL) was raised to Neutral from Underperform at Baird, which raised the target price for the trucking giant to $229 from $204.
- Organon (NYSE: OGN) was upgraded to Neutral from Underweight at Piper Sandler, which lifted the target price for the stock to $14 from $5.
- TFI International (NYSE: TFII) was upgraded to Neutral from Buy at Bank of America, which raised the target price for the shares to $161 from $122.
Downgrades:
- Nucor (NYSE: NUE) was downgraded to Neutral from Buy at UBS, which raised the target price for the steel giant to $224 from $190.
- Rambus (NASDAQ: RMBS) was downgraded to Neutral from Outperform at Baird, with an unchanged target price of $120.
- Tronox Holdings (NYSE: TROX) was cut to Sell from Hold at Truist, which trimmed the target price for the shares to $8 from $9.
Initiations:
- American Homes 4 Rent (NYSE: AMH) was initiated with a Buy rating at Compass Point, which has set a $37.50 target price for the company.
- Barings BDC (NYSE: BBDC) was initiated with a Neutral rating at Lucid Capital, with a $9.25 target price.
- Fortis (NYSE: FTS) was started with an Overweight rating at Barclays, which has a $62 target price for the stock.
- Micron Technology (NASDAQ: MU) was started with a Buy rating at DA Davidson with a $1000 target price.
- Opendoor Technologies (NASDAQ: OPEN) was initiated with a Buy rating at Alliance Global, with an $ 8 target.