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Assets

USO

OPEC+ has set production targets for Angola at 1.11 million barrels per day, Congo at 0.277 million barrels per day, and Nigeria at 1.5 million barrels per day, according to a draft statement reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:33 pm

USO

OPEC+ has revised the production targets for an African producer for the year 2024, according to a draft statement. The specific details of the revision and the impact on the global oil market were not disclosed in the article.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:31 pm

ABT

Over the past 10 years, Abbott Laboratories (NYSE:ABT) has produced an average annual return of 10.78%, outperforming the market by 1.04% on an annualized basis. With a current market capitalization of $180.50 billion, a $1000 investment in ABT stock a decade ago would be worth $2,765.16 today. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 3:30 pm

SPY

UNG

The latest report on USA Natural Gas Storage shows an increase of 10 billion cubic feet, compared to the estimated decrease of 12 billion cubic feet and the prior decrease of 7 billion cubic feet. This indicates a larger-than-expected supply of natural gas.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:30 pm

ADTX

Aditxt, Inc. (NASDAQ:ADTX) stock surged on Thursday without any company-specific news. The stock has seen a significant increase in trading volume, with over 4.87 million shares traded compared to its 100-day average of 189 thousand shares. Despite the rise, ADTX remains down over 20% for the last month and is trading below its 50-day moving average and near its 52-week low. Aditxt is a life sciences company focusing on the immune system and organ transplant tolerance products.

Portfolio Pulse from Erica Kollmann

November 30, 2023 | 3:27 pm

CRM

DJIA

QQQ

SNOW

SNPS

SPY

The Personal Consumption Expenditures (PCE) data, a key inflation gauge for the Fed, came in line with expectations, disappointing both market bulls and bears who were expecting a different outcome to influence market direction. Positive earnings from Salesforce, Snowflake, and Synopsys, all benefiting from AI, have lifted the stock market. Eurozone inflation fell more than expected, while China's PMI data suggests economic weakening. Early trade money flows are positive for several tech giants but negative for Amazon. The SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1 are also seeing positive money flows. The Arora Report advises investors to maintain a balance between cash, hedges, and investments to protect and participate in market upside.

Portfolio Pulse from The Arora Report

November 30, 2023 | 3:21 pm

DFS

Discover Financial Services is considering the sale of its Discover Student Loans portfolio and plans to transfer the servicing of these loans to a third-party provider, which has led to an increase in its stock price.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:11 pm

USO

OPEC+ ministers have commenced a meeting to discuss the oil output levels for the year 2024. The outcome of this meeting is expected to influence global oil supply and potentially affect oil prices.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:03 pm

WMT

Sam's Club, a division of Walmart Inc., is set to open two new distribution centers in early 2024, located outside St. Louis and Minneapolis. These facilities are part of a growth plan to enhance the supply chain and improve the omni shopping experience for members. The St. Louis area center will create over 100 jobs, while the Minneapolis area center will employ more than 80 associates. This expansion follows recent announcements of new distribution and fulfillment centers in Oklahoma City and Lithia Springs, Ga.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 3:01 pm

NEM

Newmont (NYSE:NEM) has seen a 31.1% decrease in short interest since its last report, with 30.58 million shares sold short, representing 2.88% of its float. The average time to cover these short positions is 1.23 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Newmont's short interest is below its peer group average of 3.02%. Short interest is a key indicator of market sentiment and changes in short interest can have implications for a stock's performance.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 3:00 pm