Initiated Buy X

AFCG AFC Gamma

Seaport Research Partners

$13

Initiated Hold X

AFL Aflac

TD Cowen

$102

Upgrades Underweight Eq-Weight X

AFRM Affirm

Morgan Stanley

$22 $37

Reiterated Overweight X

AMZN Amazon

Cantor Fitzgerald

$230 $210

Initiated Neutral X

ARCB ArcBest

Citigroup

$111

Downgrades Outperform Peer Perform X

ARCB ArcBest

Wolfe Research

Initiated Buy X

BLBD Blue Bird

BTIG Research

$55

Downgrades Outperform Neutral X

BP BP

Exane BNP Paribas

Downgrades Overweight Neutral X

BX Blackstone

Piper Sandler

$149

Initiated Neutral X

CHRW C.H. Robinson

Citigroup

$115

Initiated Buy X

CHWY Chewy

TD Cowen

$38

Downgrades Outperform Neutral X

CIEN Ciena

Exane BNP Paribas

$59 $67

Downgrades Outperform Peer Perform X

CMC Commercial Metals

Wolfe Research

Initiated Neutral X

CNI Canadian Nat’l Rail

Citigroup

$125

Initiated Buy X

CP Canadian Pacific Kansas City Ltd.

Citigroup

$97

Initiated Buy X

CRBG Corebridge Financial

TD Cowen

$35

Initiated Buy X

CROX Crocs

Guggenheim

$182

Initiated Buy X

CSX CSX

Citigroup

$42

Reiterated Buy X

DAWN Day One Biopharmaceuticals

Needham

$32 $33

Initiated Neutral X

DECK Deckers Outdoor

Guggenheim

Initiated Hold X

ED Con Edison

Jefferies

$108

Downgrades Neutral Sell X

FDS FactSet

Redburn Atlantic

$420 $380

Initiated Buy X

FDX FedEx

Citigroup

$301

Initiated Overweight X

FOUR Shift4 Payments

Barclays

$120

Initiated Buy X

GIII G-III Apparel

Guggenheim

$36

Initiated Buy X

GL Globe Life

TD Cowen

$150

Reiterated Outperform X

GOOGL Alphabet A

BMO Capital Markets

$222 $215

Initiated Overweight X

GTLB GitLab

Morgan Stanley

$70

Initiated Buy X

GXO GXO Logistics

Citigroup

$60

Upgrades Hold Buy X

HD Home Depot

Loop Capital

$360 $460

Initiated Hold X

HPE Hewlett Packard Enterprise

Deutsche Bank

$22

Reiterated Outperform X

IMVT Immunovant Sciences

Oppenheimer

$47 $53

Downgrades Buy Hold X

ING ING Groep

Deutsche Bank

Upgrades Neutral Overweight X

INTR Inter & Co

JP Morgan

$7.50 $8.50

Initiated Buy X

JBHT J.B. Hunt Transport

Citigroup

$201

Initiated Neutral X

KNX Knight-Swift

Citigroup

$55

Initiated Hold X

LNC Lincoln National

TD Cowen

$34

Upgrades Hold Buy X

LOW Lowe’s

Loop Capital

$250 $300

Upgrades Eq Weight Overweight X

LPLA LPL Financial

Wells Fargo

$235 $285

Upgrades Underperform Hold X

LUV Southwest Air

Jefferies

$24 $32

Reiterated Overweight X

META Meta Platforms

Cantor Fitzgerald

$660 $670

Initiated Buy X

MET MetLife

TD Cowen

$97

Downgrades Buy Neutral X

MORN Morningstar

Redburn Atlantic

$340

Upgrades Neutral Buy X

MSCI MSCI

Redburn Atlantic

$680

Upgrades Neutral Buy X

NCLH Norwegian Cruise Line

Citigroup

$20 $30

Initiated Buy X

NKTX Nkarta

Rodman & Renshaw

$14

Initiated Buy X

NSC Norfolk Southern

Citigroup

$294

Initiated Buy X

NYT New York Times

Deutsche Bank

$65

Initiated Neutral X

ODFL Old Dominion

Citigroup

$206

Reiterated Shocking X

PAPSX Paper Street Soap Company

Jack Powers Capital

$31,297

Initiated Buy X

PRI Primerica

TD Cowen

$314

Initiated Hold X

PRU Prudential

TD Cowen

$130

Reiterated Buy X

RCL Royal Caribbean

Citigroup

$204 $253

Initiated Hold X

RGA Reinsurance Group of America

TD Cowen

$235

Upgrades Mkt Perform Mkt Outperform X

RJF Raymond James

JMP Securities

$146

Initiated Outperform X

RLI RLI Corp

Wolfe Research

$182

Initiated Buy X

RXO RXO, Inc.

Citigroup

$33

Initiated Buy X

SAIA Saia

Citigroup

$518

Upgrades Peer Perform Outperform X

SAIA Saia

Wolfe Research

$511

Initiated Outperform X

SCS Steelcase

Noble Capital Markets

Resumed Underweight X

SIRI Sirius XM

JP Morgan

$20

Initiated Neutral X

SNDR Schneider National

Citigroup

$29

Initiated Buy X

TFII TFI International

Citigroup

$159

Initiated Neutral X

UNP Union Pacific

Citigroup

$264

Initiated Buy X

UPS UPS

Citigroup

$162

Downgrades Peer Perform Underperform X

VALE Vale S.A.

Wolfe Research

Upgrades Eq Weight Overweight X

VLO Valero Energy

Wells Fargo

$172 $165

Upgrades Hold Buy X

VNET VNET Group

HSBC Securities

$5.20

Initiated Sell X

WERN Werner Enterprises

Citigroup

$34

Downgrades Neutral Underperform X

XOM Exxon Mobil

Exane BNP Paribas

$105

Initiated Buy X

XPO XPO, Inc.

Citigroup

$127