Here Are Thursday’s Top Wall Street Analyst Research Calls: Alcoa, Chiron Real Estate, Clear Secure, Fortinet, Fresh Pet, Kennametal, Oracle, PayPal, United Therapeutics, and …

Quick Read:

• Risk assets soared higher on Wednesday on reports of a potential peace deal with Iran.

• Stocks, bonds, and precious metals all saw strong buying, as the major indices once again touched record highs.

• Investors should be careful, as there is potential for a peace deal to fall apart; should that happen, the President has indicated that new rounds of “much higher” bombing could begin at once.

• The analyst who called NVIDIA in 2010 just named his top 10 stocks and Alcoa wasn’t one of them. Get them here FREE.

Pre-Market Stock Futures:

Futures are trading modestly higher after a blowout midweek rally spurred by reports that a peace agreement with Iran could be forthcoming soon and by incredible technology earnings and forecasts that destroyed Wall Street estimates. All of the major indices were once again printing new highs as investors cheered the potential for good news and home-run earnings reports. The Nasdaq led stocks higher on the strength of Advanced Micro Devices’ (NASDAQ: AMD) stunning earnings and formidable forward guidance, closing up 2.03% at 25,838, while the S&P 500 finished the session at 7,365, up 1.46%, the first close ever for the venerable index over 7300. The Dow Jones Industrials closed at 49,910, up 1.24%, while the small-cap heavy Russell 2000 was last seen at 2,888, up 1.52%.

Treasury Bonds:

After the 5% level for long Treasury bonds was breached earlier this week, buyers once again stepped in on Wednesday, and yields across the entire Treasury curve finished the day lower. Like the action in equity markets, bond traders cited the potential for a peace deal with Iran and tumbling oil prices as major factors behind the strength. The 30-year-long bond closed the day at 4.94%, down 4 basis points, while the benchmark 10-year note closed the session at 4.35%.

The analyst who called NVIDIA in 2010 just named his top 10 stocks and Alcoa wasn’t one of them. Get them here FREE.

Oil and Gas:

Needless to say, with oil plunging, sellers were quick to hit bids, and both major oil benchmark indices finished the day dramatically lower. This comes as U.S. fuel exports hit all-time highs due to the closure of the Strait of Hormuz. Brent Crude finished the day at $101.50, down 7.65%, while West Texas Intermediate closed at $95.33, down 6.94%. Natural gas closed at $2.72, down 2.15%

Gold:

After a difficult stretch for precious metals, the news of a potential peace plan and falling oil prices was just what the doctor ordered, as Gold and Silver both traded higher on Wednesday. Gold closed the day at $4,697, up 3.10%, while Silver was the star of the day, closing at $77.47, up 6.56%. 

Crypto:

The cryptocurrency market saw a bullish but volatile trading session, with Bitcoin surging past $82,000 and lifting related crypto stocks, according to sell-side reports. A weakening U.S. dollar, driven by easing fears of military escalation in the Middle East, pushed oil prices lower and served as a key catalyst for risk assets, including crypto. Some reports indicated that significant trading volume was driven by U.S. dollar pairs, suggesting continued capital rotation from stablecoins into Bitcoin. At 8 AM EDT, Bitcoin was trading at $80,960, while Ethereum was trading at $2,333.