RBC Capital Markets has upgraded Texas Roadhouse from a sector perform to outperform, citing strong restaurant traffic and the potential decline in beef prices as key factors.
Next week, several companies in the S&P 500, including Nvidia and Ralph Lauren, are expected to report their earnings, which could lead to a positive reaction in their stock prices based on historical trends.
The conflict in the Middle East has weighed heavily on the world's biggest luxury stocks, but Barclays sees a buying opportunity with the sector now offering the best value in a decade.
On Holding, the Swiss sneaker company, reported strong growth in its first quarter, surpassing Wall Street expectations for both earnings and revenue, despite a shortfall in direct-to-consumer sales.
Jim Cramer highlighted that fears surrounding the ongoing conflict in Iran are negatively impacting stocks that typically perform well when consumer spending declines.