Chevron (CVX) showed significant relative strength, trading up 1.34% at $172.20 while the S&P 500 and Nasdaq declined, reflecting a broader investor rotation into the stable energy sector.
- Analysts anticipate earnings tomorrow, with a consensus EPS estimate of $1.45.
- The consensus price target for CVX is $179.06, implying a potential 5.92% upside from current levels.
- The stock's outperformance is driven by investors rotating away from technology stocks facing AI spending concerns and into cyclical sectors.