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SPY

UNG

USO

The U.S. Baker Hughes Oil Rig Count has increased by 4 from last week to 501, while the Gas Rig Count has decreased by 1 from last week to 117.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 5:16 pm

EIS

USO

Iran's Oil Minister has predicted that the price of oil will reach $100 per barrel due to the situation in the Middle East, according to Reuters citing Shana. This could impact the Energy Select Sector SPDR Fund (EIS) and the United States Oil Fund (USO).

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 5:07 pm

LIN

Over the past 15 years, Linde (NYSE:LIN) has outperformed the market by 1.45% on an annualized basis, producing an average annual return of 11.8%. If an investor had bought $100 of LIN stock 15 years ago, it would be worth $589.45 today.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 5:00 pm

FERG

Ferguson (NYSE:FERG) has outperformed the market over the past 5 years, producing an average annual return of 19.35%. If an investor had bought $1000 of FERG stock 5 years ago, it would be worth $2,421.41 today.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 5:00 pm

HON

Honeywell Intl's (NYSE:HON) short percent of float has fallen 3.61% since its last report, with 5.33 million shares sold short, which is 0.8% of all regular shares available for trading. It would take traders 1.76 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 2.24%.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 4:45 pm

SNDL

SunStream Bancorp Inc. has announced the acquisition of certain assets of Greenpeak Industries Inc. and affiliated entities doing business as Skymint. The assets were acquired by Skymint Acquisition Co., a new entity of Tropics L.P., which is fully owned by an affiliate of Sunstream, a joint venture sponsored by SNDL Inc. (NASDAQ:SNDL). The acquisition is part of Skymint's ongoing restructuring and is expected to close in the first quarter of 2024.

Portfolio Pulse from Jelena Martinovic

October 13, 2023 | 4:38 pm

MRVL

A significant bearish stance has been taken on Marvell Tech (NASDAQ:MRVL) by a large investor, as observed in the unusual options activity. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $45.0 to $80.0 for Marvell Tech over the last 3 months. The price of MRVL is currently up 0.02% at $54.63.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 4:30 pm

MU

Micron Technology (NASDAQ:MU) has outperformed the market over the past 20 years, producing an average annual return of 8.51%. If an investor had bought $100 of MU stock 20 years ago, it would be worth $541.17 today.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 4:30 pm

ORLY

O'Reilly Automotive (NASDAQ:ORLY) has outperformed the market over the past 10 years by 11.57% on an annualized basis, producing an average annual return of 21.13%. If an investor had bought $100 of ORLY stock 10 years ago, it would be worth $695.55 today.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 4:30 pm

AMKBY

C

Ryan Rugg, head of digital assets at Citigroup Inc, is leading the charge into institutional blockchain adaptation. Citigroup recently released a report forecasting the blockchain-based tokenization market of real-world assets to reach $5 trillion by 2030. Rugg has been advocating for blockchain-driven insurance business models since 2019 and is currently testing these solutions with global shipping giant, Maersk.

Portfolio Pulse from Stjepan Kalinic

October 13, 2023 | 4:20 pm