My 10 things to watch on Monday 24th July

1. Chevron (CVX) announced an excellent on Sunday preliminary results for the second quarter, in extending CEO Mike Wirth’s contract. The second-largest U.S. oil company announced a deal in May to expand its shale operations through acquisitions PDC energy (PDCE) in a $7.6 billion deal, including debt. Chevron is set to release its full second-quarter report on Friday.

2. Truist lowered its price target on Club Oil on Monday Pioneer Natural Resources (PXD) to $196 per share, from $220, while maintaining the stock’s rating. The company said it expects free cash flow for most exploration and production companies like Pioneer to fall more than 50% due to lower commodity prices.

3. Piper Sandler dropped the club’s name on Monday Estee Lauder (EL) to neutral, from an equivalent buy rating. The firm also lowered its price target for the cosmetics company to $195 per share, from $265. This is the result of the seemingly endless fall of the Chinese consumer.

4. Deutsche Bank boosted their price target on Club holding on Monday Apple ( AAPL ) to $210 per share, up from $180, citing growth in revenue from the tech giant’s iPhones, Macs and services. Apple is scheduled to report fiscal third-quarter results on August 3.

5. UBS downgraded the electric vehicle maker on Monday Tesla ( TSLA ) to hold, from buy, with “very limited” upside to the company’s share price going forward. Still, the firm raised its price target for Tesla to $270 per share, from $220.

6. Mizuho boosted their price target on Club holding on Monday Nvidia (NVDA) to $530 per share, from $400, while maintaining a buy rating on the stock. Analysts cited accelerating demand for generative artificial intelligence.

7. KeyBanc boosted its price target on Monday in a call I love Airbnb ( ABNB ) to $160 a share, from $135, thanks to a reacceleration in travel spending. The firm reiterated an overweight or buy rating on Airbnb shares.

8. Mizuho raised its price target on Monday to Intel ( INTC ) to $33 a share from $30, arguing the semiconductor group’s multiples improved. The company maintained a neutral rating on the stock.

9. Raymond James upgraded the homebuilder on Monday DR Horton (DHI) beat, or buy, from market performance on the back of its “exceptional” fiscal third quarter results. The firm, which has a $160 target price on DHI shares, has seen an “impressive recovery” in homebuilding margins.

10. Wells Fargo downgraded on Monday Interpublic group (IPG) to equal weight or neutral from overweight before late cycle decline. The firm lowered its price target on IPG to $33 per share from $43.

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