Here are Monday’s biggest calls on Wall Street.

Bernstein reiterates Nvidia and Broadcom as Outperform

Bernstein said to buy any weakness in both stocks.

“We remain positive on the prospects for (hopefully safer?) AI buildouts from here. NVDA, AVGO, and semicap remain our preferred plays in the space.”

JPMorgan reiterates Apple as Overweight

The firm said its checks show Apple’s iPhone 18 deliveries are tracking “lower than the iPhone 17 Series during Week 1.”

“In tracking delivery lead-times across key markets, including US, China, Germany and UK as an indicator of demand, while it is still very early, trends across the two variants currently open for pre-order are tracking lower than the iPhone 17 Series during Week 1 (e.g., Pre-Order Week).”

Morgan Stanley reiterates SpaceX as Overweight

Morgan Stanley said the company is too attractive to ignore.

“We see an attractive entry point to get access to SPCX at a discount...”

UBS reiterates General Motors as Buy

UBS raised its price target to $114 per share from $102.

“GM’s digital capabilities are an underappreciated and undervalued opportunity. Digital creates a recurring, less cyclical, higher margin revenue stream that is deserving of a multiple higher than ‘core’ GM.”

Evercore ISI reiterates Netflix as Outperform

Evercore raised its price target on Netflix.

“We reiterate our Outperform rating and raise our PT from $100 to $110 (~45% upside to the current $76) as we roll our valuation framework forward to 2028 (25x our ’28 EPS) and following our detailed U.S. and Japan survey work.”

Wolfe upgrades Affirm to Outperform from Peer Perform

Wolfe said it sees a compelling risk/reward.

“With AFRM shares having underperformed since the strong F4Q print, we view valuation as more compelling and continue to view AFRM as a structural winner with key growth drivers and proven execution. Upgrade from Peer Perform to Outperform.”

JPMorgan upgrades Iren to Overweight from Underweight

JPMorgan said it likes the company’s partnership with Nvidia.

“We are upgrading IREN to Overweight. We see IREN establishing itself as a top tier neocloud provider, backed by its strategic partnership with NVIDIA.”

Rothschild & Co Redburn upgrades Chime Financial to Buy from Neutral

The firm said the company is “hitting its stride.”

“We upgrade Chime to Buy from Neutral. Chime Prime and the Stride acquisition are enabling Chime to access far larger, and more valuable, TAMs.”

Baird downgrades Nike and Dick’s to Neutral from Outperform

Baird downgraded a slew of apparel companies and says it sees “rising risks.”

“Downgrading adidas, DKS, NKE, RCKY, VFC to Neutral; adding Bearish Fresh Picks for UAA, GOOS through mid-November.”

Compass Point upgrades Bullish to Buy from Neutral

The firm said the digital assets company is well positioned.

“We believe BLSH is the best way to play the tokenization theme, where BLSH is among the few public companies that can monetize this trend.”