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SPY

USO

The U.S. Energy Information Administration (EIA) has revised its forecast for U.S. crude oil production in 2024, now expecting an increase of 180,000 barrels per day, reaching 13.11 million barrels per day. This is a downward revision from the previously forecasted rise of 250,000 barrels per day.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 5:29 pm

SPY

USO

The U.S. Energy Information Administration (EIA) has revised its forecast for U.S. crude oil production in 2023, now expecting an increase of 1.02 million barrels per day, reaching 12.93 million barrels per day. This is a slight uptick from the previously forecasted rise of 990,000 barrels per day.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 5:28 pm

BA

EADSY

Avolon, an aircraft leasing company, has placed an order for 100 A321neo aircraft from Airbus SE (OTC:EADSY) and 40 737 MAX aircraft from Boeing Co (NYSE:BA). The orders, valued at $12.95 billion for Airbus and $4.9 billion for Boeing, are scheduled for delivery in 2032 and are subject to shareholder approval. Avolon's fleet will increase to 1037 aircraft, and the new aircraft are expected to reduce fuel use and carbon emissions by up to 20%. Avolon's CEO expressed confidence in their balance sheet and relationships with Airbus and Boeing. Boeing highlighted Avolon's repeat order as a sign of confidence in the 737-8. BA shares rose 0.67% to $249.75.

Portfolio Pulse from Shivani Kumaresan

December 12, 2023 | 5:06 pm

CME

Over the past 20 years, CME Group (NASDAQ:CME) has delivered an average annual return of 14.49%, outperforming the market. A $1000 investment in CME stock two decades ago would now be worth $15,314.90. CME Group currently has a market cap of $77.39 billion.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 5:00 pm

MS

Morgan Stanley (NYSE:MS) has outperformed the market with an average annual return of 16.07% over the past 5 years. A $100 investment in MS five years ago would now be worth $210.44. The company's current market capitalization stands at $135.98 billion.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 5:00 pm

META

Meta Platforms (NASDAQ:META) has delivered an average annual return of 19.64% over the past 10 years, outperforming the market by 9.66% on an annualized basis. A $100 investment in META a decade ago would now be worth $612.66. The company currently holds a market capitalization of $834.23 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 4:31 pm

FCX

Over the past 5 years, Freeport-McMoRan (NYSE:FCX) has produced an average annual return of 28.81%, outperforming the market. A $100 investment in FCX five years ago would be worth $355.30 today. The company's market capitalization stands at $53.85 billion.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 4:31 pm

BA

Boeing reported 114 gross orders in November 2023, with 56 deliveries including 46 737s and 10 widebodies. Year-to-date gross orders reached 1,085, and the official backlog increased from 5,239 to 5,324 month-over-month as of November 30. After accounting for cancellations and conversions, net orders stood at 945.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 4:08 pm

AVGO

Broadcom Inc (NASDAQ:AVGO) is evaluated against its peers in the Semiconductors & Semiconductor Equipment industry. With a P/E ratio lower than the industry average, Broadcom shows growth potential. However, its high P/B and P/S ratios may suggest overvaluation. The company's ROE is above the industry average, indicating efficient profit generation from equity. Conversely, Broadcom's EBITDA and gross profit are below the industry average, and its revenue growth is lower than the industry's, pointing to potential financial weaknesses. Broadcom's higher debt-to-equity ratio compared to its top 4 peers implies greater financial risk.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 4:00 pm

FMX

Over the past 20 years, Fomento Economico (NYSE:FMX) has produced an average annual return of 12.78%, outperforming the market by 5.28% on an annualized basis. With a current market capitalization of $228.43 billion, a $100 investment in FMX 20 years ago would be worth $1,106.09 today. The key takeaway is the significant impact of compounded returns on cash growth over time.

Portfolio Pulse from Benzinga Insights

December 12, 2023 | 4:00 pm