Energy stocks dominated analyst upgrades as oil volatility accelerated. EOG EOG Resources consensus target rose to $145.10 from $143.93. FANG Diamondback Energy climbed to $209.03 from $207.35. OXY Occidental Petroleum jumped to $60.28 from $59.40.
The target increases came as Iran war sent fuel prices soaring. Ships abandoned cargo to carry fuel as costs spiked $5B industrywide. Analysts repositioned around extended Middle East conflict.
DVN Devon Energy gained modest lift to $55.73 from $55.12. CTRA Coterra Energy rose to $37.05 from $36.59. APA APA Corporation climbed to $35.39 from $34.68. The sector sweep reflected systematic recalibration.
Tech faced pressure with PYPL PayPal dropping to $52.95 from $53.39. Broadcom fell to $471.55 from $472.01. Lowe's slipped to $285.58 from $286.18.
ADP Automatic Data Processing declined to $267.53 from $268.20. The payroll processor absorbed downward revisions amid economic uncertainty. Traditional 60-40 portfolios posted worst month since 2022 per FT reporting as stocks and bonds fell together.
Analysts rotated into defensive energy positioning abandoning growth sectors.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
