Market Shifts: Sherwin-Williams Joins Dow, Strong Gains for Key Players

1. The Sherwin-Williamsmpany (NYSE: SHW)
The Sherwin-Williamsmpany gained solidly by 4.59%. Sherwin-Williams replaces Dow Chemical in the Dow Jones Industrial Average, effective November 8, to enhance semiconductor and materials industry representation. Sherwin-Williams reported Q3 2024 revenue of $178.01 billion.

2. Monster Beverage (Nasdaq: MNST)
Monster Beverage gained solidly by 3.37%. JP Morgan maintains a neutral rating on Monster Beverage with a price target of $49.00. B of A Securities retains a buy rating, targeting $57.00. Roth MKM keeps a neutral stance at $50.00. Truist Securities holds a sell rating with a $40.00 target.

3. Ambev S.A. (NYSE: ABEV)
Ambev S.A. gained solidly by 3.26%. Ambev reported its Third Quarter fiscal 2024 results with significant achievements. The company had earlier reported its First and Second Quarter results this year, showing steady performance. UBS maintains a buy rating for Ambev with a price target of $2.90.

4. Exxon Mobil (NYSE: XOM)
Exxon Mobil gained solidly by 3.18%. Exxon Mobil reported Q3 2024 revenue of $266.16 billion with a 7.61% year-over-year net profit decrease. TD Cowen maintained a Buy rating with a $127 target, RBC Capital reiterated Sector Perform with a $120 target. Exxon Mobil increased fossil fuel production alongside Chevron despite weak oil prices.

5. Trip Group Limited (Nasdaq: TCOM)
Trip Group Limited gained solidly by 3.15%. Trip.com enters strategic partnership with Caesars Bay to enhance destination operations and tourism product innovation. Bernstein initiates coverage on Trip.com with Outperform rating and $85 target. China's visa-free expansion boosts Trip.com’s prospects.