Here are Monday's Top Wall Street Analyst Research Calls: Apple, Cisco Systems, Costco, Meta Platforms, NVIDIA and More

Pre-market futures are mixed, with NASDAQ leading higher, as investors assess economic data for Federal Reserve rate cut signals after Chairman Powell's cautious remarks reduced December cut expectations to 67%. Treasury yields are modestly lower, with the 10-year at 4.08%, influenced by Fed officials' inflation concerns. Meanwhile, oil prices ended higher despite volatility, gold declined on profit-taking and a stronger dollar, consolidating around $4,000, and cryptocurrencies recovered. Notable analyst actions include upgrades for tech giants like Apple, Meta, and NVIDIA, alongside downgrades for Marsh & McLennan and Charter Communications, signaling selective sector optimism.

Analysis

The market is entering the new week with mixed futures, led higher by the NASDAQ, following a rally driven by strong earnings and positive US-China trade news. Investor focus is shifting to incoming economic data for Federal Reserve policy cues, especially after Chairman Powell stated a December rate cut is "far from guaranteed," reducing market expectations from 90% to 67%. Treasury yields, including the 10-year at 4.08%, are modestly lower, reflecting inflation concerns from Fed officials like Schmid and Logan. Oil prices ended higher, with WTI at $60.98 and Brent at $64.77, as gasoline and natural gas reached multi-month highs, supported by inventory decreases despite geopolitical volatility. Gold, however, traded lower due to profit-taking and a stronger dollar, with analysts expecting consolidation around the $4,000 per ounce level after hitting an all-time high in mid-October. The cryptocurrency market, including Bitcoin above $110,000 and Ethereum at $3,880, recovered from earlier sell-offs. Analyst activity on November 3, 2025, indicates selective optimism, particularly in technology. Upgrades were seen for Apple (AAPL), Cisco (CSCO), Meta (META), Netflix (NFLX), Roku (ROKU), Riot Platforms (RIOT), Datadog (DDOG), Take-Two (TTWO), and NVIDIA (NVDA), with significant target price increases for NVDA ($250 to $350). Conversely, Marsh & McLennan (MMC) and Charter Communications (CHTR) received downgrades, with CHTR's target price slashed from $350 to $280, while Costco (COST) saw a lowered target price despite an Outperform rating.

Key Decisions for Investors

• Monitor upcoming economic data closely for shifts in Federal Reserve rate cut probabilities, as current expectations are tempered by inflation concerns and hawkish Fed commentary.
• Evaluate exposure to commodity markets, particularly energy, given recent price strength and geopolitical influences, while considering gold's potential consolidation phase around $4,000.
• Review portfolio allocations based on recent analyst upgrades in technology and downgrades in other sectors, focusing on companies with strong growth prospects and positive sentiment, such as NVIDIA and Meta.