These are the biggest calls on Tuesday on Wall Street: Barclays reiterates Apple’s equal weight Barclays said it finds it flawed when Apple reports earnings on Thursday. “What started off as production cuts has turned to weak demand across product categories. We’re also concerned about a slowdown in Services growth. At 20% higher than S& P 500, we see a fairly overvalued stock at best.” Morgan Stanley reiterates Lucid Group is underweight Morgan Stanley said the electric vehicle company’s fundamental outlook is “deteriorating”. “Like many electric vehicle startups, Lucid must overcome obstacles in the way of a year in which we will see a severe deflation of electric vehicles.” Atlantic Equities downgraded Bank of America to neutral due to being overweight Atlantic Equities said it was concerned about the banking giant’s slowing growth rate. “Downgrading BAC to Neutral. With NII (net interest income) currently priced primarily for 2023, attention is starting to turn to the possibility of a decrease in NIM (net profit margin) in 2024 and the revenue headwind Read more about the call here Deutsche Bank reiterates Disney’s acquisition of Deutsche Bank says it is confident Disney shares will start turning a profit on Feb. 8. it was done the way Bob Iger was/will do it.” ) inflationary pressures continue (especially in terms of labor and storage costs); 2) negative sales structure continues to shift towards lower margin consumer products; 3) invest in stores, labor, and prices in Family Dollars.” Bank of America recalled Alphabet when it bought Bank of America said Alphabet continues to pull the right “cost leverage in a difficult environment.” “We see Alphabet as a more defensive stock in the group in 2023 with relatively more stable earnings thanks to search utility, cost flexibility, good margins that should mitigate concerns.” about cash flow and stock support opportunities through buybacks. semiconductor company and said it expects the stock to do better. “We’re opening a positive catalytic clock on Buy-rated LRCX and expect the stock to outperform the group after ~1300 bps relative underperformance over the past six months due to investment demand. end and investment costs for weak memory cut concerns.” view that revenue/EBIT growth will normalize due to peaking of 5G investment in the US and increasing cost pressures.” “continued.” “We upgrade FleetCor to Buy (from Neutral) and increased our PO to $240 based on a 14x PE multiple of our 2023 EPS estimate.” BTIG Upgrades New Fortress Energy to Buy from Neutral BTIG says it sees an improving trend for clean energy companies.” NFE had a rough start to the year as it fell ~11% YTD due to a ~30% drop in natural gas prices in the US and Europe. Warmer weather in Europe helped keep Europe’s gas inventories at a steady five-year high in February.” Macquarie downgraded Paramount to underperforming neutral Macquarie said it concerns about the company’s advertising display. “We downgraded PARA from Neutral to Ineffective. Ad impression share is the highest in the peer group at 35% of revenue, and ad revenue is likely to be completely negative in Q4 and 2023.” Mizuho recalled Uber when it bought Mizuho said it was “considerable” building” as Uber stock prepares for earnings on Feb. 8. “Given easier Q1 23 results from Omicron last year, we believe the setup is positive-than-expected.” Deutsche Bank reiterated PayPal when it bought Deutsche said it would maintain a bullish bias towards PayPal earnings in early February. “Although we remain confident in PYPL’s ability to manage costs and grow EPS growth in 2023, but we will continue to monitor the macro difficulties faced by the eComm market as a whole along with the shift in equities. We’re lowering our TP by $100 due to lower peer-to-peer pricing.” Wells Fargo recalls Ford as underweight Wells said it sees the automaker cutting electric vehicle prices even further. “Ford responded to the recent TSLA price cuts by lowering the price of the Ford Mach E. These moves highlight the industry price concerns we discussed in the TSLA starting a price war. ? & The pricing party will end. We expect more EV sales.” BMO reiterated Advanced Micro Devices is outperforming AMD stock is Outperform. A lot of questions have been raised regarding the company’s upcoming earnings, especially following last week’s Intel report, and we have the following thoughts.” Goldman Sachs reiterated its acquisitions of SolarEdge and First Solar Goldman said shares of SolarEdge and First Solar remain upbeat. “At the same time, we are focused on stories of substantial profit recovery and are poised to beat and rally in the short term and to achieve our goals. To that end, we highlight the bullish bias in SEDG and ARRY – both of which we expect to beat due to gross margin effects – while we also view FSLR as potentially further strengthening its position. position as an IRA winner thanks to strong 2023 guidance.”