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U.S. stocks surged today. President Trump reassured investors that relations with China “will all be fine,” sparking a rally across the board. The Dow jumped 1.4%, the S&P 500 rose 1.6%, and the Nasdaq surged 2.2%. Here’s Monday biggest calls on Wall Street. Goldman Sachs (NYSE: GS) started coverage on StubHub Holdings (NYSE: STUB) with a Buy rating and a $46 target. The firm said the ticketing company is “well positioned” for growth. The bank also upgraded Newmont Mining (NYSE: NEM) from Neutral to Buy, citing strong fundamentals. “[We] upgrade NEM to Buy on production growth/FCF yield/capital management/relative valuation (multiple discount despite a higher quality, longer-life portfolio) following recent underperformance.” Citi (NYSE: C) put Meta (NASDAQ: META) on its 90-day Positive Catalyst Watch, ahead of its October 29 earnings report. As their note to clients explained… “Our industry checks suggest Meta is gaining share of ad budgets as newer products (like Business AI) launch and we are initiating a 90-day Catalyst Watch as a result. Meta remains our Top Pick as we reiterate our Buy rating & $915 TP.” JPMorgan (NYSE: JPM) upgraded Argan, Inc. (NYSE: AGX) to Overweight and raised its year-end 2026 target to $315. “We are upgrading Argan, Inc. to Overweight, raising our YE26 price target to $315, and placing the stock on Positive Catalyst Watch into the F3Q print (early December).” Goldman Sachs (NYSE: GS) also initiated coverage on Aura Minerals (TSX: AUGO) with a Buy rating and a $46.60 price target, calling the gold producer “attractive.” Morgan Stanley (NYSE: MS) began coverage on Netskope (private) with an Overweight rating, calling it a strong play on modern network security. “We see NTSK as an attractive way to play investments in more modern network security architectures, the transition to which gets a boost from growing platform play and AI adoption.” Bank of America (NYSE: BAC) downgraded Intel (NASDAQ: INTC) from Neutral to Underperform, saying the stock has rallied too quickly. “We downgrade INTC to Underperform from Neutral while maintaining estimates and $34 PO.” Barclays (LSE: BARC) reiterated its Overweight rating on Oracle (NYSE: ORCL) and raised its price target from $347 to $367. “Bullish sentiment around shares heading into Financial Analyst Day (FAD) on 10/16.” Overall, Wall Street sentiment turned upbeat Monday… … with analysts seeing opportunity in select names as markets regain momentum. Ian Wyatt *** Featured Research *** BREAKING: Citi Bends the Knee on Crypto Too Citigroup just announced it’s launching a crypto custody service in 2026. It’s the latest Wall Street bank bending the knee on crypto after Trump passed the GENIUS Act. Goldman Sachs New Crypto Project 10 banks including Goldman, Citi, BofA and UBS just announced a new digital asset partnership. And these hidden cryptos could soar as a result. Wall Street Giant Launches Crypto Index The company behind the S&P 500 and the Dow just launched a crypto index for the first time. The move comes as Wall Street continues warming up to crypto after President Trump signed the GENIUS act, the first pro-crypto federal law in the U.S. Since then, crypto-related stocks have been on FIRE.
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