macro

Analysts' week: Intel, Apple, Zoom and Alcoa lead rating changes

Roundup of notable rating moves: JPMorgan upgraded Intel, Loop Capital downgraded Apple, Argus cut Alcoa. Source: Seeking Alpha.

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what happened

According to Seeking Alpha, the S&P 500 closed lower on Friday as investors digested results from large companies including Netflix and Meta Platforms. Technology shares kept lagging over worries about artificial intelligence spending, while oil prices rose on geopolitical tension.

JPMorgan lifted Intel to Neutral from Underweight, citing better execution under chief executive Lip-Bu Tan and growing demand for AI computing. Loop Capital cut Apple to Hold from Buy over concerns about lower iPhone shipments, and Argus downgraded Alcoa to Hold from Buy as aluminum prices stay near multi-month lows. Oppenheimer upgraded Zoom to Outperform with a $130 price target, and Raymond James raised Akamai to Strong Buy.

why it matters

Rating changes like these usually move individual stocks rather than the broader market. For the aluminum sector, the signal is weaker pricing and rising supply from competitors, while for Apple the focus is on iPhone shipment concerns and gross margin.

market impact

Alcoa and aluminum sector: weak prices and rising supply put pressure on shares

tags

instruments

IntelAppleNvidiaAlcoaZoomAccenture

sources

  1. Notable analyst calls this week: Intel, Apple and Zoom among top picks — Seeking Alpha, 24 October 2026 at 14:30 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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