**Dow Inc. (DOW) shares surged 9.3% on the latest trading day, closing at $37.58, following an upgrade from Citigroup to “Buy” and a price target increase to $40. This rally comes amid rising oil prices and concerns over supply disruptions due to the ongoing conflict in the Middle East. Over the past month, DOW has seen a total gain of 1.1%.**
**The company is expected to report a quarterly loss of $0.34 per share, a staggering year-over-year decline of 1800%, with anticipated revenues of $9.46 billion, reflecting a 9.3% drop from the previous year. Over the last 30 days, DOW’s consensus EPS estimate has been lowered by 2.5%, which historically could negatively affect short-term stock performance.**
**Additionally, Methanex Corporation (MEOH), another company in the diversified chemical industry, saw its shares rise 8.6% to $58.06, maintaining an unchanged EPS estimate of $0.92, a 29.2% decrease from the same period last year. Both DOW and MEOH currently hold a Zacks Rank of #3 (Hold).**
