Here are the biggest calls on Wall Street on Friday:

Morgan Stanley reiterates Apple as overweight

The investment bank says it is standing by the stock following earnings on Thursday.

"While June Q results will do little to shift the investor narrative, a clean print/guide, late cycle iPhone strength, Services outperformance, and margin resiliency means Apple likely outperforms into the upcoming iPhone 16 and Apple Intelligence launches."

Morgan Stanley reiterates Nvidia as overweight

Morgan Stanley says it is sticking with its overweight rating on the artificial intelligence chipmaker.

"We believe that Nvidia should trade at a premium given its higher probability of upward revisions in the near term."

Morgan Stanley reiterates Tesla as a top pick

Morgan Stanley said it is standing by the stock following an analysis of July auto sales.

"Hybrids continue to grow at +23% y/y sales, while Tesla ’ s share of U.S. EV sales fell further, down ~200bps m/m to 48%."

Deutsche Bank reiterates Amazon as buy

Deutsche Bank says it is sticking with the e-commerce giant following its earnings on Thursday.

"With rotational forces weighing on Big Cap Tech, and growing concerns around a softening consumer environment weighing on consumer internet sentiment broadly, Amazon delivered a mixed quarter with modestly weaker revenue results in the 2Q/3Q, a 2Q [ operating income ] beat relative to the Street but below Buy-side bogeys, AWS revenue growth ahead of expectations and an OI guide that came in below expectations."

Bank of America downgrades Intel to underperform from neutral

Bank of America said it sees "rising execution/competitive risks" for shares of Intel.

"We materially reduce our Intel ( INTC ) forecasts following a weak Q2/Q3 outlook with profitability challenges expected to persist into CY26E."

Oppenheimer reiterates Coinbase as outperform

Oppenheimer said it is standing by shares of the crypto company following earnings.

"We believe COIN has found the formula to remain profitable despite earnings volatility, and be a resounding leader in this space."

Wells Fargo reiterates Block as overweight

Wells Fargo says it is standing by the stock following earnings on Thursday.

"SQ reported 2Q results ahead of Street expectations coupled with a guide raise. While Cash App continues to show strength, Seller revitalization remains key but will take time to materialize on top of a mixed macro ahead."

Wells Fargo downgrades Morgan Stanley to underweight from equal weight

Wells Fargo downgraded Morgan Stanley and said the "upward premium re-rating seems over."

"Its industry leading valuation seems to ignore deceleration of growth in its higher P/E businesses that drove historical re-rating."

Goldman Sachs downgrades Lululemon to neutral from buy

Goldman Sachs downgraded the stock due to growth challenges.

"We downgrade LULU shares to Neutral from Buy and lower our 12-month price target to $286. Following recent execution challenges, lackluster innovation launches and rising evidence of more regular promotionality, we see a more balanced risk-reward for the stock."

Wells Fargo reiterates Roblox as overweight

Wells Fargo said Roblox ’ s earnings report was "tough" but that "consistency will be rewarded."

"Tough reaction to a strong print and solid guide. Business momentum continues into July. While spring engagement slowdown still a mystery to us, a return to consistent performance will build confidence in the story."

Barclays upgrades Ferrari to overweight from equal weight

Barclays says the stock is among the best to own in the bank ’ s coverage universe.

"H2 should be lower than H1 across all [ key performance indicators ] except [ average selling price ] but with H2 well understood, we think RACE is among the best stocks to own into 2025 across our coverage."

Bank of American downgrades Wayfair to neutral from buy

Bank of America downgraded the stock following earnings.

"We downgrade Wayfair to Neutral from Buy, with a revised PO of $61 from $85. We still think W is primed for strong earnings leverage when furnishing return to growth, but weak 2Q results and 3Q guide now pushes that thesis more into ’ 25."