Jim Cramer’s high 10 issues to observe within the inventory market Monday

1. Chevron (CVX) on Sunday introduced wonderful preliminary second-quarter outcomes, whereas extending the contract for CEO Mike Wirth. The US’ second-largest oil agency in Might introduced an settlement to develop its shale operations by buying PDC Power (PDCE) in a deal valued at $7.6 billion, together with debt. Chevron is about to launch its full second-quarter report on Friday.

2. Truist on Monday lowered its worth goal on Membership oil identify Pioneer Pure Sources (PXD) to $196 a share, from $220, whereas sustaining a maintain ranking on the inventory. The agency stated it expects free money move for many exploration-and-production corporations like Pioneer to be down over 50% given decrease commodity costs.

3. Piper Sandler on Monday downgraded Membership identify Estee Lauder (EL) to impartial, from a buy-equivalent ranking. The agency additionally lowered its worth goal on the cosmetics agency to $195 a share, down from $265. That is the results of the downfall of the Chinese language shopper, which appears limitless.

4. Deutsche Financial institution on Monday raised its worth goal on Membership holding apple (AAPL) to $210 a share, up from $180, citing upside to the tech large’s iPhone, Mac and companies revenues. Apple is about to report fiscal third-quarter outcomes on Aug. 3.

5. UBS on Monday downgraded electric-vehicle maker Tesla (TSLA) to carry, from purchase, noting “very restricted” upside to the corporate’s share worth going ahead. Nonetheless, the agency raised its worth goal on Tesla to $270 a share, up from $220.

6. Mizuho on Monday raised its worth goal on Membership holding Nvidia (NVDA) to $530 a share, up from $400, whereas sustaining a purchase ranking on the inventory. The analysts cited accelerating demand for generative synthetic intelligence.

7. KeyBanc on Monday, in a name I really like, raised its worth goal on Airbnb (ABNB) to $160 a share, from $135, on the again of accelerating journey spending. The reiterated an chubby, or purchase, ranking on Airbnb inventory.

8. Mizuho on Monday raised its worth goal on Intel (INTC) to $33 a share, from $30, arguing semiconductor group multiples have improved. The agency maintained a impartial ranking on the inventory.

9. Raymond James on Monday upgraded home-construction firm Dr. Horton (DHI) to outperform, or purchase, from market efficiency on the again of its “excellent” fiscal third-quarter outcomes. The agency, which has a worth goal of $160 on DHI shares, famous an “spectacular rebound” in homebuilding margins.

10. Wells Fargo on Monday downgraded its ranking Interpublic Group (IPG) to equal weight, or impartial, from chubby, forward of a late-cycle downturn. The agency lowered its worth goal on IPG to $33 a share, from $43.

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