Jobs Blowout Revives Rate-Hike Bets, but Record Earnings Cushion the Blow: This Week on Wall Street
August payrolls came in at 162,000, nearly triple consensus, pushing September rate-hike odds to 60%. Stocks rose anyway, backed by record earnings.
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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. BMO Capital
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August payrolls came in at 162,000, nearly triple consensus, pushing September rate-hike odds to 60%. Stocks rose anyway, backed by record earnings.
Wall Street analysts changed outlook on top companies. Check out complete rating changes, including upgrades/downgrades, on our page.
ArcelorMittal is expanding EAF, electrical steel, and iron ore capacity while returning $0.7 billion to shareholders in H1 2026 through dividends and buybacks. However, weak Chinese steel demand, elevated exports, and high capital spending of $4.5-$5 billion in 2026 pose risks to margins, free cash flow, and financial flexibility.