Here are the biggest calls on Wall Street Tuesday: Morgan Stanley reiterates Apple, as Overweight Morgan Stanley said it is maintaining its Overweight rating on Apple shares on Feb. 2 earnings. as the best option.” Telsey echoes Amazon, saying the e-commerce giant is well-positioned to gain market share. “Overall, we believe Amazon still has a strong advantage from its sticky Prime member base, small business relationships, technology advantages and retail consolidation. should continue to gain market share using it.” Bernstein reiterates Apple as market performance Bernstein said Apple shares are “ambivalent” about earnings next month. “We are ambivalent on the stock and as a result the risk-reward on AAPL is slightly more than neutral we see to negative.” Loop launches GlobalFoundries as Loop launched the semiconductor maker with a buy, saying it is well-positioned to benefit from growth in the automotive and smart device markets. “We initiate coverage of GlobalFoundries with a BUY rating. We believe GFS is ideally positioned to benefit from secular growth in key semi-manufactured end markets (Automotive, IoT, DC and Smart Devices) with the help of its targeted technologies.” JPMorgan launched Okta, Palo Alto Networks and CrowdStrike as overweight JPMorgan on Wednesday launched several cybersecurity companies in the evening and said that “accelerating tailwinds in the cybersecurity market are driving demand.” We start the Security Software industry with neutral ratings for RPD and NABL.” KeyBanc Raises Lyft to Overweight from Sector Weight KeyBanc said survey checks show ridesharing data looks stable. “When we combine that with aggressive cost-cutting measures in recent quarters and the continued recovery on the West Coast , we see a meaningful opportunity for improvement in Lyft’s EBITDA through 2023.” This call read more about Bernstein Downgraded Advanced Micro to Market Underperform Bernstein said he was concerned about the deteriorating PC market. “And our belief that AMD would be more immune to channel degradation has unfortunately been proven wrong, and in recent months we’ve been more cautious about potential PC speakers, both given the market outlook and exacerbated by Intel’s semi-destructive behavior. They’re both price, they are also using capacity as a strategic weapon, continuing to be overburdened even in the face of broader downturns in the industry.” Read more about this call. Oppenheimer said Target is well positioned for long-term gains. “Longer term, we believe the company is well positioned to continue to capture share driven by digital efforts, store investments, merchandising success on the exclusive brand front, elimination of competitors over time, partnerships with other brands/retailers and grocery efforts.” UBS, Sealed Air downgraded from buy to neutral UBS said it sees weak growth for the company. “We are downgrading SEE to Neutral and adjusting estimates on expectations of weaker market growth and slower automation recovery.” JPMorgan upgraded Blackstone to overweight from neutral JPMorgan said the alternative asset management company is “best in class.” “We see the retail franchise as still intact and positioned for stronger growth over the medium term, even if the asset class falls in favor, we see the real estate franchise performing so well that we expect growth, and the insurance operation adding revenue layers. / multi-year credit and real estate profit growth due to debt investments.” Atlantic Equities reiterates Warner Brothers Discovery as Atlantic Equities says it sees 80% upside for the stock. “Cable-cutting is undeniably accelerating, and we currently estimate a 7% year-over-year decline in U.S. pay-TV subscribers. However, we believe the newly combined Warner Bros. Discovery can partially offset this as it negotiates new carriage agreements.” Mizuho reiterates Coinbase as Mizuho maintains a sell rating on Coinbase’s stock and poll checks indicate “retail investors continue to shy away from cryptocurrency despite Bitcoin rally in January.” “With acceptance rates 50-100 times higher than institutional, retail transaction revenues accounted for 83% of COIN’s total revenue in 2021.” UBS Names BJ’s, Costco and Walmart Top Picks for 2023 UBS said it expects “non-traditional channels to outperform supermarkets in the coming year.” “Both BJ and COST have recently seen record membership renewals and premium membership penetration, indicating that customers are eager for their offerings to maximize their spending power. Plus, COST has membership fee increases on the horizon, and BJ is traditionally one year ahead on that front. . WMT’s investments in fresh quality, private label and price position it well to capture more market share across the revenue spectrum.” Morgan Stanley Raises Marathon Oil to Overweight from Neutral Morgan Stanley said Marathon Oil has “leading FCF and shareholder returns.” “The accretion from the recently closed Ensign operation helps offset some of the impact of lower commodity prices, supporting leading FCF and shareholder returns.” Baird Downgrades Peloton to Neutral from Overweight Baird downgrades its stock, saying it is taking a more cautious stance. “PTON has been an extremely tough call, falling significantly from its early 2021 highs as demand pullbacks and weak execution become more evident.” Bernstein Downgrades Lululemon Bernstein downgrades Lululemon, saying the company has a “reset.” “Now, with a lack of rising demand, a more cautious consumer outlook and a negative margin mix shift, earnings growth will slow significantly and we expect the upside to follow.” Read more about this call. Piper Sandler retweets Tesla, as overweight Piper says his checks show Tesla’s delivery wait times haven’t increased significantly. “We note that waiting times in Germany increased very slightly over the weekend, the first rise in many months, but other than that we haven’t seen a big change in waiting times.” Morgan Stanley is backing Ford because the overweight Morgan Stanley said it sees an opportunity for Ford to “use its muscle to help itself.” “Deteriorating auto industry conditions for 2023 (low cost/mix, rising rates, missed technology bets) require a fresh look at structural costs and the ability to finance break-even projects. We see an opportunity for Ford to execute itself . help the muscles.” Wells Fargo repeats Disney, Wells said it likes Disney’s Feb. 8 earnings call. “We expect Bob Iger’s first public call after returning as CEO to be action-packed. With a proxy fight looming, management’s best way to hedge against activism is to have a higher stock price.” Wells Fargo launched Chipotle and Starbucks as overweight Wells said both stocks were recovering. “Our SBUX valuations are above the street through 25, domestic office gains, NT China recovery and undervalued space; CMG sentiment looks mixed, short interest increases, P/E -30% vs historical; we see. LT growth levers and traffic fears have become too much.” Read more about this call.