My top 10 things for Monday, July 24

1. Chevron (CVX ) announced strong preliminary second-quarter results on Sunday, while extending the contract of Chief Executive Officer Mike Wirth.The second-largest U.S. oil company announced a deal in May to expand its shale business through acquisitions PDC Energy (PDCE) deal valued at $7.6 billion including debt. Chevron is scheduled to release its full second-quarter report on Friday.

2. Truist cuts price target on club oil names on Monday Pioneer Natural Resources (PXD) rose to $196 from $220 a share, while maintaining a hold rating on the stock. Free cash flow is expected to decline by more than 50% for most exploration and production companies, such as Pioneer, given lower commodity prices, the company said.

3. Piper Sandler to downgrade club name on Monday Estee Lauder (EL) to Neutral, equal rating from Buy. The firm also lowered its price target on the cosmetics company to $195 a share from $265. It’s the result of a seemingly never-ending decline of the Chinese consumer.

4. Deutsche Bank hikes club holding price target on Monday apple Boost Apple Inc (AAPL) stock to $210 from $180 a share, citing upside to the tech giant’s iPhone, Mac and services revenue. Apple is scheduled to announce its third-quarter results on August 3.

5. UBS downgrades electric car maker on Monday tesla (TSLA) upgraded to hold from buy, noting that the company’s share price has “very limited” future upside. Still, the firm raised its price target on Tesla to $270 a share from $220.

6. Mizuho raised its price target on Club Holdings on Monday Nvidia (NVDA) rose to $530 from $400 a share while maintaining a Buy rating on the stock. Analysts point to growing demand for generative artificial intelligence.

7. KeyBanc raised its price target on Monday in a conference call I like Airbnb ABNB shares rose from $135 to $160 apiece as travel spending re-accelerated. The firm reiterated its overweight or buy rating on Airbnb stock.

8. Mizuho raised its target price on Monday Intel (INTC) rose to $33 a share from $30, citing an improvement in the semiconductor group’s price-to-earnings ratio. The firm maintained a Neutral rating on the stock.

9. Raymond James upgrades homebuilding firm on Monday Dr. Horton (DHI) outperformed, or buy on market performance, due to its “outstanding” third-quarter earnings results. The firm has a $160 price target on DHI stock, noting an “impressive rebound” in homebuilding margins.

10. Wells Fargo downgraded its rating on Monday Epei Group (IPG) from Overweight to Equal Weight or Neutral ahead of a late-cycle recession. The company lowered its target price for IPG from $43 to $33 per share.

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