Stock Movers: Chevron, Coinbase, and Estee Lauder See Gains After Analyst Upgrades

Oil Stocks Surge on Venezuela News

• 🛢️ Chevron, Exxon, SLB, and Halliburton are among the oil stocks rising following President Trump's pledge to revive Venezuela's energy sector.
• 🇺🇸 Chevron, the only US oil major currently operating in Venezuela under special permission, saw shares jump significantly.
• 💰 US oil companies are expected to invest billions to rebuild Venezuela's energy infrastructure and restore its oil sector.
• 📉 Despite the sector's gains, overall oil prices remain around 5-year lows.

Coinbase Leads S&P 500 Gainers Post-Upgrade

• 📈 Coinbase (COIN) was a top performer in the S&P 500, rallying as much as 7.8% in its best day since October.
• 🏦 This surge followed an upgrade from Goldman Sachs analyst James Yaro, who moved the stock to 'buy' from 'neutral'.
• ↔️ In contrast, eToro shares initially fell after a downgrade from Goldman Sachs, though they later reversed to gains.

Estee Lauder Jumps on Strong Buy Recommendation

• 💄 Estee Lauder (EL) shares rose, gaining as much as 3.8% earlier in the session.
• 🌟 Raymond James analyst Olivia Tong upgraded the beauty company to 'strong buy' from 'market perform' and added it to the firm's Analyst Current Favorites List.
• 🎯 Tong set a price target of $130, the highest among analysts tracked by Bloomberg, signaling expectations for fiscal 2025 to be the earnings trough.