Stock Movers Oil Companies Rally, Coinbase Surges, Estee Lauder Rises
Jan 5, 2026
Nora Melinda, a Bloomberg TV Markets correspondent, joins to dissect market dynamics. She highlights a notable rally in oil stocks following Trump's commitment to rejuvenate Venezuela's energy sector, benefiting companies like Chevron and Exxon Mobil. The discussion shifts to Coinbase's stock surge after a Goldman Sachs upgrade, emphasizing its growth potential in crypto. Nora also covers Estee Lauder's resurgence as analyst ratings improve, despite the company facing a significant share price decline since 2022.
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Oil Rally Reflects Long-Term Venezuela Bet
- Oil stocks rallied sharply after promises to revive Venezuela's energy sector, reflecting investor expectations of large future investment and production recovery.
- Nora Melinda and Tim Stenovec note the revival could take years and cost around $100 billion, so gains reflect long-term potential rather than instant output.
Chevron's Unique Venezuela Position
- Chevron stands out because it still operates in Venezuela under special US permission, making it particularly sensitive to policy changes.
- Nora Melinda highlights Chevron, Exxon and peers as some of the biggest percentage gainers in the S&P 500 on that news.
Product Diversification Fuels Coinbase Move
- Coinbase shares jumped after Goldman Sachs upgraded the stock, driven by expected growth from tokenization and prediction markets.
- Tim Stenovec and Nora Melinda point to new products as the catalyst rather than core crypto trading revenue.