Here are Monday ’ s biggest calls on Wall Street:

Morgan Stanley names Tesla a top pick

Morgan Stanley named the stock a new top pick.

"With 40% upside to our $310 target, more managed expectations on autos and powerful emerging drivers of firm value, we make Tesla our new ‘ Top Pick ’ in US Autos, replacing Ford."

Bank of America reiterates Apple as buy

Bank of America said it ’ s bullish heading into Apple earnings later this week.

"We see pent up demand and a meaningful number of older iPhones in the installed base, and the new AI features should help drive an upgrade cycle. Reiterate Buy on benefits from GenAI at Edge with gross margin upside and momentum in Services."

TD Cowen reiterates Apple as buy

TD Cowen raised its price target to $250 per share from $220 ahead of earnings later this week.

"We expect AAPL to report in-line results and outlook as NT [ near term ] headwinds could include modest China market share loss to Huawei devices, macro impact on consumer demand and FX."

Cantor Fitzgerald reiterates Nvidia as overweight

Cantor said the stock is still a top pick at the firm.

"No change to 12-month TOP PICKS list ( remain NVDA, WDC, NXPI, ASML, and AMAT ) but outperformers near-term from here likely led by NVDA, MU, AVGO, and MRVL."

Raymond James reiterates Microsoft as outperform

The firm said it ’ s bullish heading into earnings on Tuesday.

"Sentiment has been strongly positive on Microsoft with AI dominating conversations around tech and MSFT enjoying an enviable position at the vanguard of the new technology."

Evercore ISI reiterates Amazon as outperform

Evercore said it ’ s sticking with its outperform rating on the stock ahead of earnings later this week.

"We see a Modest Beat & Bracket quarter as the most likely outcome for AMZN ’ s Q2 EPS results.

Oppenheimer reiterates Coinbase as outperform

Oppenheimer said the crypto company could be a candidate for inclusion into the S&P 500.

"We believe 1 ) increasing regulatory clarity, and 2 ) digital asset becoming mainstream can increase the chance that COIN will be included in S&P 500."

HSBC downgrades Arm to reduce from hold

HSBC said in its downgrade of Arm that the "AI narrative [ is ] not enough to sustain re-rating."

"Ahead of 1Q25 results on 31 July, we also see short-term earnings downside risk given a potential slowdown in Android smartphone momentum and a less bullish AI narrative than previously expected."

JPMorgan reiterates Eli Lilly as overweight

JPM said the stock is a "core holding" ahead of earnings on August 8.

"While we understand not wanting to miss a bounce off the bottom for some of these lower multiple stories, we continue to see LLY, MRK, and ABBV as the core holdings in the space."

Mizuho reiterates Uber and Booking Holdings as outperform

Mizuho said the two stocks are top picks ahead of earnings.

"Resilient Demand & Low Expectations Create Positive Setup; UBER and BKNG Top Picks."

Deutsche Bank upgrades 3M to buy from hold

Deutsche said it ’ s bullish on new company management for 3M.

"Since Bill Brown ’ s appointment to the CEO role in mid-March, we have heard nothing but positive anecdotes from colleagues and investors about his legacy at L3Harris."

Piper Sandler downgrades Charles Schwab to neutral from overweight

Piper said it sees "strategic shift uncertainty" for Schwab.

"Downgrading shares of Charles Schwab ( SCHW ) from Overweight to Neutral."