Here are Wednesday’s biggest calls on Wall Street;

Bank of America reiterates Nvidia (NVDA) as buy

Bank of America said that investors should watch the balance sheet heading into earnings on Wednesday after the bell.

"Reiterate Buy, PO $350. FQ2 should deliver the usual 3-4% sales beat/raise on the Vera Rubin ramp, but the headline is the least interesting part. What matters is NVDA’s potential disclosure of its multi-year, off-balance-sheet commitments to lock down supply, power, models and demand."

Morgan Stanley reiterates SpaceX (SPCX) as overweight

Morgan Stanley said shares are attractive.

"SpaceX announced a new $100bn Starbase in the marshes of S. Louisiana. We do not believe investors appreciate the scale of what SpaceX is planning with Starship. In our view, SPCX is attractively valued, trading at 10x sales and 25x EBIT (113% growth) on our FY28 forecasts."

Melius reiterates Broadcom (AVGO) as buy

The firm said the company’s earnings report on September 2 will be “pivotal.”

"Broadcom’s stock is up just 3% this year vs. ~50% for the SMH and +14% for Nvidia. If you’ve been following CDS spreads, you know it’s become a bit of a battleground stock nowadays."

Citi reiterates Oracle (ORCL) as buy

The firm added a positive catalyst watch on the stock and said it’s a “historic” opportunity to own the shares.

"We are opening a positive catalyst watch and revisiting the Oracle Cloud bull case. We see opportunity after one of the most extreme dislocations and drawdowns in the stock’s history, driven by investor capitulation and multiple technical selling factors."

UBS upgrades SolarEdge (SEDG) to buy from neutral

UBS said the solar company is best positioned for share gains.

"SEDG is a key beneficiary of the U.S. Federal Communications Commission (FCC) ban on new inverter model imports, in our view. We anticipate the ban will create a supply constrained U.S. market driving both share gains and potential pricing power for SEDG."

Truist downgrades Dick’s Sporting Goods (DKS) and Nike (NKE) to hold from buy

Truist said it sees “category pressures” for both companies following Dick’s earnings on Tuesday.

"We are downgrading DKS to Hold and lowering our PT to $135 from $270. Similarly, we believe today’s update signals incremental murkiness around NKE’s turnaround progress and are downgrading shares to Hold (PT to $42 from $47)."

Deutsche Bank reiterates First Solar (FSLR) as buy

Deutsche raised its price target on First Solar to $299 per share from $272.

"The stock has been trading at a 6x discount to the peer group, likely due to a mix of (i) elevated hedge fund activity, (ii) some investor concerns around the sustainability of the 45X benefits, (iii) policy-driven volatility although with the recent S232 clarity, this is expected to clear up, and (iv) backlog contraction."

RBC initiates Atlassian (TEAM) as outperform

The firm said it sees margin expansion.

"We initiate coverage of Atlassian with an OP rating and $215 PT. We believe Atlassian’s positioning as a ‘System of Work’ becomes increasingly important in the AI era as more code yields more collaboration."

Benchmark initiates Lattice Semiconductor (LSCC) as buy

Benchmark said the semis company is a “share gainer.”

"We are initiating coverage of Lattice Semiconductor Corp (LSCC) with a Buy rating and $160 price target."

Jefferies downgrades TJX Companies (TJX) to hold from buy

The firm said shares are likely to be range-bound.

"TJX’s Marmaxx slowdown looks more significant to us than a typical merchandising miss. The company is implementing process changes with direct CEO involvement, suggesting the issue is material. TJX has recovered from disruptions before, but history suggests these fixes can take time."