These are the biggest calls on Wall Street on Thursday: Wells Fargo’s Amazon-initiated outperform Wells said at Amazon’s launch that the company noticed fluctuations in profit margins earlier than investors realized. “The AMZN Top Pick for Retail Profit Margins in North America far exceeded expectations, hitting 2019 levels in 2025, a year ahead of Street expectations.” Read more about this call here. Jefferies downgrades Las Vegas Sands and Wynn should not buy Jefferies downgraded several casino stocks, mainly based on valuation. “We are downgrading WYNN, LVS to Hold from Buy because we believe the uptrend/downtrend is more balanced than when we upgraded.” Read more about this call here. Citi Opens a Positive Catalyst Tracking on Wayfair Citi says it sees “improving demand trends for Wayfair. “We also opened up a 90-year positive catalyst tracking mechanism. day on improving demand trends.” IT security company that it has a “large and expanding overall address market.” ” Zscaler provides users with secure access to the Internet , SaaS and hosted applications internally, through a network of 150 data centers. Its product suite also includes real-time user monitoring and cloud workload/application security.” Jefferies reiterates Apple should buy Jefferies says it maintains its buy rating We have long believed that VR has two problems. 1) technology — Apple has solved this problem simply. 2) loneliness: Apple has tried to make the case that it can solve this problem with its spatial awareness. However—in every demo—there is little or no sharing. … .This worries us now, as every trend we see in our coverage is about social experiences with other people.” “It’s hard to form an opinion. where there are no earnings calls, little or no communication with investors, and a lack of consistent strategic vision. A consistency remains, change at the top. Over the past five years, GameStop has had five CEOs and three CFOs.” Wolfe upgraded T-Mobile to outperform peer-to-peer operations Wolfe said during the carrier upgrade mobile service that “the outlook for growth in intrinsic value per share remains quite bright. “After underperforming 21% year-over-year and with a 26% increase in our PT of $160, we upgrade TMUS to Active.” Read more about the call here. Goldman Sachs Reiterates Salesforce Is Buying General AI product enhancements in the coming months could aid revenue re-acceleration in fiscal year 2024. said in the Visteon upgrade that it was “a key driver of unifying in-car computing.” ” The company has also upgraded Aptiv, and says it continues to “achieve many victories in Smart Vehicle Architecture.” “We believe Investors have largely bought-in APTV’s growth narrative, which is currently running 8-10 points above overall manufacturing growth. Indeed, Aptiv’s outsized growth has in the 9-10+ ppt range as of 2018. … At a high level, we see Visteon as a key enabler of in-car computing.” Citi Upgrades Rio Tinto to Buy from Neutral Citi said during its metals and mining company upgrade that it sees upside potential: “All that said, we see risks The upside risk is clearly related to the potential Chinese stimulus package and there have been 3 months of underperformance for iron ore names We upgraded our rating on RIO.L to Buy from Neutral. ” grow higher as AWS ramps up again in Q4 as Bedrock expands.” will ultimately create a cleaner, faster-growing HVAC company and sustain a constructive business longer, but see the short-term lack of catalysts and relative resilience compared to other HVAC names as an opportunity to focus elsewhere over the next few quarters.” Read more about this call here. Investors should buy stocks “when the market is scared.” “We believe a healthy consumer landscape (and in particular a strong homeowner balance sheet) will be supportive for LOW in the medium term, particularly as it continues to see gains from its restructuring initiatives over time.” Goldman Sachs initiates NextEra Energy and Xcel Energy when it buys Goldman Sachs initiates several clean energy and utility companies on Thursday and says they see “an attractive investment opportunity.” Buy NextEra Energy (NEE) to Renewable Energy growth. Buy Xcel Energy (XEL) and American Electric Power (AEP) to invest in Grid Reliability.” Bernstein initiates Lufax with superior results Bernstein initiates Chinese financial services platform company with superior results outperformed and said that “higher risk leads to higher returns.” “Lufax shares reflect what has happened in China over the past three years – macro weakness, Covid recession, geopolitical uncertainty Financial technology industry for long-term investors” will have earnings later this month. exceed 15%, which equates to an annual savings of more than $1.5 billion.”