Here are Monday's biggest calls on Wall Street: Bank of America reiterates Nvidia as buy Bank of America said shares are "compelling" at current levels. "However, we see any selloff as enhanced buying opportunity as challenges are not in demand, but in (solvable) supply that will not fundamentally derail NVDA's longer-term momentum." Mizuho reiterates Grab and Trip.
com as top picks Mizuho said the two stocks are silver linings amid a bumpy China macro. "Despite the uncertain environment, we remain positive on the pent-up demand of outbound travel, and TCOM is a top pick. .
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From that perspective, GRAB is also a top pick into the quarter. Please see below for our company summaries." Morgan Stanley reiterates Disney as overweight Morgan Stanley lowered its price target on the stock to $110 per share from $130 but said it's sticking with Disney shares.
"There are enough data points at this point to take a more cautious view of Disney's parks business in FY25. With shares off 23% since F2Q earnings in May, much of this appears priced." KeyBanc upgrades Gulfport Energy to overweight from sector weight KeyBanc said investors should buy the dip in shares of the nat gas company.
"Our outlook for natural gas has not changed since then. Nor has our positive fundamental outlook for Gulfport (the Company)." RBC upgrades Lockheed Martin to outperform from sector perform RBC said the stock's valuation is attractive.
"We are upgrading our rating on Lockheed Martin (LMT) from Sector Perfor.