Here are Monday's biggest calls on Wall Street: Bernstein reiterates Nvidia as outperform Bernstein said it's staying cautiously optimistic on shares of Nvidia heading into earnings later this week. "The stock is now at a mid-30's multiple on that floor earnings (not necessarily cheap, but not egregious), and we can see reason for optimism once we get through the current headwinds, as we have seen before. CFRA downgrades Netflix to sell from hold CFRA said the streaming giant is "no longer a growth stock." "After realizing 40% price gains since mid-July lows, we think NFLX shares may underperform S & P 500 Index for the rest of 2022. We lower our target by $7 to $238 using forward TEV/EBITDA of 18.0x our 2022 EBITDA estimate, below the 10-year historical rate of 32.0x as NFLX is no longer a growth stock." Read more about this call here. Morgan Stanley reiterates PepsiCo as overweight Morgan Stanley said it sees topline momentum for the beverage and snacks giant. "We continue to see clear topline upside at Pepsi, supported incrementally by accelerating US scanner data QTD in contrast to decelerating forward consensus estimates." Morgan Stanley reiterates Constellation Brands as overweight Morgan Stanley says it sees "accelerating beer momentum" for the beverage company. "We are reiterating our OW rating on STZ and raising our fiscal Q2 (ends Aug 31) beer depletions and EPS estimates even further above consensus based upon robust growth in scanner data and our channel checks." RBC downgrades DocuSign to sector perform from outperform RBC said in its downgrade of the electronic signature company that it sees too many short-term challenges for DocuSign. "We Like the long term thesis, but short term looks challenging, especially absent a CEO; downgrading to SP." Read more about this call here. Cowen downgrades VF Corp. to market perform from outperform Cowen said the global apparel and footwear company's "capital structure needs more leverage." "Inventory levels increased +92% y/y, driven up in part by in-transit levels and VF's decision to implement a supply chain financing program, taking inventory ownership sooner while increasing payment terms with suppliers." Read more about this call here. BMO reiterates Chevron as outperform BMO said Chevron has the "right strategy" going forward. "We had the opportunity to spend time with Chevron management on the road last week. Chevron is coming off a record quarter with strong operational performance across both upstream and downstream operations, and we believe it has the right strategy, asset base, and financial strength to lead the energy sector in winning back investors." Evercore ISI downgrades UPS to in line from outperform and adds FedEx to the tactical underperform list Evercore said in its downgrade of UPS and tactical underperform call on FedEx that "multiples are more likely to contract than expand further from here." "Again, one piece of the broader mosaic, but at a time when stocks have run amid status quo (at best) fundamentals, it feels like multiples are more likely to contract than expand further from here." Read more about this call here . Evercore ISI adds Dell to the tactical outperform list Evercore said it sees potential upside ahead of earnings later this week for Dell. " DELL will report its Jul-qtr results on August 25th after market close and we expect the company to report generally in line with consensus estimates of $26.6B/$1.64– BUT we could see potential upside to top and bottom-line due to relatively better supply execution + server/storage strength despite PC slowdown worries." Evercore ISI reiterates Apple as outperform Evercore ISI said a deal for Apple to acquire the NFL's Sunday Ticket package makes sense, but that it's unlikely to be profitable. "The move to acquire the NFL rights would not necessarily add to the bottom line, but it is a good way for Apple to differentiate the TV+ offering in an increasingly crowded streaming environment. Maintain Outperform & $185 target." Goldman Sachs reiterates Amazon, Meta, Uber and Alphabet as top ideas Goldman said Amazon , Meta , Uber and Alphabet look "compelling" and should be able to "weather the storm." "Looking at our stock coverage's risk/reward skew exiting Q2 earnings, we see the most compelling risk/reward setups in the group among a collection of large cap names with a mixture of traits incl. large/scaled end market positioning, ability to manage for improved margin trajectory (in various economic outcomes) and lingering investor debates that create a 'wall of worry' that can be measured into 2H '22." Read more about this call here. Cowen reiterates Peloton as outperform Cowen said it sees "post-pandemic near-term challenges and tough comps" when the company reports later this week. "We expect PTON F4Q's results on 8/25 to reflect a near-term challenging post-pandemic environment. We forecast sequential declines in net adds, units sold, and revenue, as PTON tests updated pricing and gauges post-pandemic demand." Wedbush reiterates Bed Bath & Beyond as underperform Wedbush said shares of the retail chain are still overvalued. "The outlook for BBBY is worsening, with the potential for a significant restructuring." Bank of America reiterates Occidental Petroleum as neutral Bank of America said Warren Buffett's Berkshire Hathaway may be bidding against itself for shares of Occidental. "At this point it's not clear whether BRK will pursue the full level of ownership noting as a 13G filer it has not sought board representation; or whether this simply expresses a constructive l/term view on oil, as suggested by recent comments by BRK Chair Warren Buffett." Goldman Sachs reiterates Salesforce as buy Goldman Sachs said ahead of Salesforce earnings later this week that shareholders are going into the results with "leveled expectations for revenue and leading indicators." "Trading on par with the NASDAQ since its strong F1Q23 results on May 31, investors are heading into the print with leveled expectations for revenue and leading indicators."