Stock Movers Chevron Jumps, Coinbase Rises, Estee Lauder Higher After Raymond James Upgrade
Jan 5, 2026
Chevron's stock soared after Trump's promise to revitalize Venezuela's energy sector, leading to significant jumps for U.S. oil stocks. Coinbase benefited from a bullish upgrade by Goldman Sachs, making it one of the top S&P gainers. Estee Lauder also saw its shares rise sharply after Raymond James lifted its rating to strong buy with a $130 price target, highlighting anticipated improvements in performance by fiscal 2025. This episode dives into these market movements and their implications.
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Venezuela News Spurs Oil Rally
- U.S. oil majors jumped after President Trump pledged to revive Venezuela's energy sector following Maduro's capture.
- Norah Mulinda highlights Chevron as the biggest beneficiary given its current U.S. permission to operate there.
Goldman Upgrade Drives Coinbase Gain
- Coinbase surged after a Goldman Sachs upgrade, rallying as much as 7.8% for its best day since October.
- Norah Mulinda notes the upgrade reflects renewed interest in crypto infrastructure over trading volumes.
Estee Lauder Upgrade Signals Turnaround
- Raymond James upgraded Estee Lauder to strong buy and added it to its analyst favorites list with a $130 target.
- Norah Mulinda reports the firm sees fiscal 2025 as the earnings trough and now emphasizes execution.