We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
Here's Why Chevron (CVX) Stock is Gaining Today
Energy giant Chevron (CVX - Free Report) is gaining Monday, up around 3.5% to $119 per share in midday trading.
Credit Suisse upgraded Chevron after the company raised its outlook for oil and gas production on Friday. The investment bank now rates CVX at outperform compared to neutral, and maintained its price target of $138.
Chevron “continues to execute on its already superior growth outlook,” said the firm in a note. Its Q3 earnings topped Wall Street expectations thanks to rising crude oil prices and record production.
Monday’s jump brings CVX’s two-day gain to about 7% so far. The stock is down 5% since January.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>