$DKS

Morgan Stanley downgraded Apple (AAPL) to Underperform, citing supply-chain checks that Apple cancelled a 20th anniversary all-glass iPhone model; price target cut to $263.66 from $285.56. It upgraded HPE to Overweight, PT $69 (from $71), and NetApp to Equal Weight, PT $173 (from $137). Other analyst actions included upgrades to Qualcomm, SanDisk, Dick’s Sporting, and Everpure, plus downgrades to Teradata, Akamai, Doximity, and Spectrum Brands.

Wells Fargo upgraded Dick’s Sporting Goods (DKS) to Overweight from Equal Weight, saying the multi-year recovery outweighs softer near-term trends. Analyst Ike Boruchow cited potential Foot Locker margin improvement to 7% to 8% from 1% to 2%, and raised the DKS price target to $240 from $220. Wells Fargo models Q2 EPS $3.72 below Street.

Analyst actions on Monday included Bank of America reiterating Nvidia as Buy ahead of earnings, with ~16x CY27 forward P/E. Loop raised FirstCash Holdings to Buy, PT $255, and cut Domino’s to Hold, PT $353. UBS reiterated Micron Buy, PT $1,625. Jefferies downgraded Apple to underperform. Citi reiterated SpaceX Buy, PT $200. Bernstein raised Microsoft PT to $660.

Dick’s Sporting Goods (DKS) rose about 2.4% in pre-open after Wells Fargo upgraded the stock to Overweight from Equal Weight and raised its price target to $240 from $220, citing recent weakness as a buying opportunity. The upgrade follows a mixed analyst mix and comes ahead of DKS fiscal Q2 2026 earnings on Aug. 25.

Humilis Investment Strategies CEO Brian Belski discussed the July jobs report after it showed a surprise loss of 23,000 jobs. He commented on the Federal Reserve’s likely next steps, Wall Street’s reliance on tech valuations, and his firm’s positive rating upgrade for Dick’s Sporting Goods, citing strength in pre-market trading.

Morgan Stanley and Vanguard say investors are rotating from Big Tech and AI hardware into “AI adopters” as the market matures. Morgan Stanley cites its analysis that 25% of S&P members reported measurable AI benefits in 2Q versus 14% a year earlier, and expects about 100 bps net margin expansion through 2027. Mentioned stocks include Alphabet, Microsoft, Apple, Amazon, Meta, Oracle, Nvidia, and others.

An investigation by Consumers' Checkbook and others alleges retailers use deceptive pricing by inflating “original” prices to create fake discounts. A Macy’s shirt example showed a listed 40% discount that would imply a higher sale price than expected. The group tracked 25 retailers over six months, citing Gap, JCPenney, Bass Pro Shop, Wayfair, and Dick’s. Macy’s and others denied wrongdoing; FTC enforcement is limited, while states have pursued cases including a $5M Walmart settlement.

CNBC’s newsletter previews potential market movers after a Dow drop. It cites recent performance and dividend data for American Express, Verizon, and HCA Healthcare, plus oil gains (Brent above $100, WTI above $90) and related energy stocks. It also notes tariff plans covering 99% of trade and mentions ETFs EWW and EWC.

Snapchat said it formed a strategic partnership with Dick’s Sporting Goods’ media division to link Snapchat ad campaigns to in-store and online sales. Advertisers can use LiveRamp data to connect Snapchat engagement to retail purchases. Snapchat cited 900M monthly active users and reported pilot ROAS of over $12 for Adidas. The program is available to U.S. advertisers.

DICK'S SPORTING GOODS, INC. (DKS) filed an SEC Form 8-K — Submission of Matters to a Vote of Security Holders. dks-20260610 0001089063 false 0001089063 2026-06-10 2026-06-10 0001089063 2025-06-11 2025-06-11 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Dat