Quick Reading
Pre-market stock futures:
Futures are trading lower as we prepare to begin second-quarter earnings this week, following a strong week on Wall Street. Renewed strikes on Iran and a chip sell-off weighed on stocks on Monday. All major indexes closed higher on Friday except the small-cap Russell 2000, which closed down 0.43% at 2,979. The S&P 500 finished the week strong, closing at 7,575, up 0.42%, while the Nasdaq last traded at 26,281, up 0.29%. The legacy Dow Jones Industrials closed at 52,637, up 0.29%.
Friday saw debut of the Korean semiconductor giant SK Hyniks (NASDAQ: SKYH), which has been in the spotlight as demand for memory has skyrocketed, driven by artificial intelligence. Shares ended the day up 12.76% at $168.01. The company’s massive U.S. stock debut officially became the largest stock sale by a foreign company in U.S. history, raising nearly $26.5 billion, officially eclipsing Alibaba’s (NYSE: BABA) $25 billion U.S. debut in 2014.
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Treasury bonds:
Sellers returned to the Treasuries mix as yields rose across the curve, with a combination of the ongoing Iran situation and concerns about a soaring federal deficit being the main drivers of Friday’s weakness. A widening US budget deficit and massive auctions of government debt pushed yields higher as investors demanded higher yields to absorb the large supply coming into the market. When the closing bell rang, the 30-year Treasury note closed the session at 5.06%, while the benchmark 10-year note last traded at 4.56%.
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Oil and gas:
After the jump Oil prices rose as airstrikes on Iran resumed, but oil prices fell moderately on Friday as the president said that although the ceasefire had been suspended, peace talks were continuing. Numerous articles over the past few weeks have highlighted that many oil-producing countries in the Middle East are seeking alternative routes to ship their products and are avoiding the Strait of Hormuz altogether. At market close on Friday, Brent crude fell 0.39% to $76 and West Texas Intermediate crude fell 0.72% to $71.56. Natural gas, which saw inventories rise more than expected last week, closed Friday at $2.94, down 2.46%.
Gold:
After Gold and silver ended a volatile week quite calmly on Friday. The second quarter of 2026 was the worst quarter for gold since 2013, falling 13%; However, many on Wall Street believe that after the strong rally of the past two years, a period of consolidation was inevitable. That being said, many also believe this is a chance for investors who may have been waiting to start taking positions to get involved. Regarding the impact of pure gold, we have always felt SPDR Gold Shares ETF (NYSE: GLD) is the best route. Gold closed Friday at $4,119, down just 0.08%, while silver closed at $59.76, down 0.12%.
Crypto:
Cryptocurrency Markets rallied on Friday as Bitcoin broke above $64,500 and fully recovered its previous weekly losses. The broader cryptocurrency market was up around 1.4% as Ethereum neared $1,800, while XRP and Solana also posted strong gains. The economic recovery was primarily driven by the easing of geopolitical tensions in the Middle East.
Crypto-related shares followed suit and rose sharply, led by Circle Internet Group (NYSE: CRCL), which jumped nearly 15% after receiving approval from the U.S. Office of the Comptroller of the Currency (OCC) to create a national trust bank. At 8 a.m. ET, Bitcoin was trading at $62,900, while Ethereum was last priced at $1,781.
24/7 Wall Street. reviews dozens of research reports daily to identify fresh investment ideas for investors and traders. These daily analyst notes include recommendations to buy, sell or avoid stocks, as well as new underwriting initiatives. It is important to remember that no single research report should ever be the sole basis for buying or selling a stock.
Here Some of the best updates, downgrades and initiatives seen by Wall Street analysts on Monday, July 13, 2026.
Updates:
BeOne Medicines Shares (NASDAQ: ONC) were upgraded to Buy from Hold at Jefferies, raising the price target to $380 from $333.
Biogen Shares (NASDAQ: BIIB) were upgraded to Buy from Hold at Truist Financial with a $235 price target.
Capital One Shares (NYSE: COF) were upgraded to Buy from Hold at HSBC with a $229 price target.
Deckers outdoors Shares (NYSE: DECK) were upgraded to Buy from Hold at Jefferies, raising the price target for the popular retailer from $110 to $130.
Shopify (NASDAQ: SHOP) was upgraded to Buy from Hold at Jefferies, raising the stock’s price target to $160 from $140.
Demotion:
Best Buy Co (NYSE: BBY) was cut to Hold from Buy at Loop Capital with an unchanged price target of $82.
Kaymera Therapeutics (NASDAQ: KYMR) was downgraded to Sector Performance from Outperform by RBC Capital, raising its price target to $115 from $106.
Corrected (NYSE: RMD) Citigroup shares were downgraded to Neutral from Buy, lowering the stock’s price target to $235 from $270.
Papa John’s International (NASDAQ: PZZA) was downgraded from Neutral to Underperform by Bank of America, lowering the pizza giant’s price target from $42 to $34.
Sezzle (NASDAQ: SEZL) was downgraded to Market Perform from Outperform by Keefe Bruyette, raising the stock’s price target to $190 from $115.
Initiations:
Atmos Energy (NYSE: ATO) was triggered by an Outperform rating from Wells Fargo, which set a $200 price target.
BelFuse (NASDAQ: BELFA) was initiated with a Buy rating from Citigroup with a $325 price target.
Costco Wholesale (NASDAQ: COST) was started with a Sector Performance rating from RBC Capital, which set a $1,000 target for the retail giant.
Fastenal Company (NASDAQ: FAST) was initiated with a Buy rating on Rothschild & Co Redburn with a $55 price target.
Walt Disney (NYSE: DIS) was started with a Buy rating on Benchmark with a $115 price target for the entertainment giant.
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