Oil Companies Rally, Coinbase Surges, Estee Lauder Rises

Oil Companies Rally, Coinbase Surges, Estee Lauder Rises

On this episode of Stock Movers:
- Oil companies including Valero (VLO), Chevron (CVX), and Exxon Mobil (XOM) rallied after President Donald Trump pledged to revive the Venezuelan energy sector following the capture of Nicolás Maduro over the weekend. Chevron Corp., the only American oil major currently operating in the South American nation under special US permission, surged as much as 6.3%, the most since April. The three largest oil-service companies — Halliburton Co., SLB Ltd and Baker Hughes — all jumped. US Energy Secretary Chris Wright plans to talk this week with oil-industry executives, according to people familiar with the matter.
- Coinbase (COIN) shares rallied after Goldman Sachs upgraded the stock, while EToro Group Ltd. shares fall 1.7% after it was downgraded as analyst James Yaro sees more growth from crypto infrastructure and prediction markets rather than crypto trading.
- Estee Lauder (EL) shares jumped after Raymond James analyst Olivia Tong raised her recommendation on the beauty company to strong buy from market perform, and added the name to the firm’s Analyst Current Favorites List. Her price target of $130 is the highest of all analysts tracked by Bloomberg.

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