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Several US stocks recorded gains on Friday, with Comtech Telecommunications Corp., SunOpta Inc., Hecla Mining Company, Viasat, Inc., Coeur Mining, Inc., Groupon, Inc., Vertex Energy, Inc., Mister Car Wash, Inc., Dollar General Corporation, First Majestic Silver Corp., DRDGOLD Limited, Apellis Pharmaceuticals, Inc., Fortuna Silver Mines Inc., The Progressive Corporation, AeroVironment, Inc., MediaAlpha, Inc., JPMorgan Chase & Co., Wells Fargo & Company, and Citigroup Inc. all seeing increases. Factors contributing to these gains include better-than-expected Q4 results, sale of assets, stock upgrades, operational updates, and better-than-expected Q3 earnings.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 2:49 pm

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SPY

The International Monetary Fund (IMF) has stated that 'important' structural measures are needed for a deal with El Salvador. The IMF also reiterated its stance against Bitcoin as a legal tender, a move that El Salvador has recently adopted.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 2:48 pm

VLO

Unusual options activity has been observed for Valero Energy (NYSE:VLO), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 30 uncommon trades, split 50% bullish and 50% bearish. The trades include 15 puts totaling $673,645 and 15 calls totaling $587,265. Whales have been targeting a price range from $60.0 to $135.0 for Valero Energy over the last 3 months. The current price of VLO is up 0.61% at $127.0. Several financial institutions have maintained their positive ratings on Valero Energy, with price targets ranging from $156 to $174.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 2:47 pm

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EDX Markets, a crypto trading platform, launched on June 20, 2023, supporting trading for Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. The platform attracted strategic investors such as Miami International Holdings, DV Crypto, GTS, GSR Markets LTD, HRT Technology, Charles Schwab, Citadel Securities, Fidelity Digital Assets, and Sequoia Capital. EDX plans to launch EDX Clearing later this year to settle trades matched on EDX Markets. The company chose Anchorage Digital Bank as its custody provider.

Portfolio Pulse from Justin Roberti

October 13, 2023 | 2:39 pm

CHTR

Charter Communications (NASDAQ:CHTR) has outperformed the market over the past 10 years by 1.79% on an annualized basis, producing an average annual return of 11.42%. If an investor had bought $1000 of CHTR stock 10 years ago, it would be worth $2,920.55 today.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 2:30 pm

AMAT

Applied Mat (NASDAQ:AMAT) has outperformed the market over the past 10 years by 13.47% on an annualized basis, producing an average annual return of 23.11%. If an investor had bought $100 of AMAT stock 10 years ago, it would be worth $805.06 today.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 2:30 pm

XOM

Exxon Mobil Corp's shares are trading higher due to rising crude oil prices following the U.S. sanctions on two shipping companies for violating the price cap on Russian oil and the Israel-Hamas conflict causing supply uncertainty. The West Texas Intermediate crude oil price surged by over 3.5%, surpassing the $85 per barrel mark. Exxon Mobil, as an energy company, benefits from rising oil prices and supply disruptions as it can sell its oil and gas products at higher prices.

Portfolio Pulse from Henry Khederian

October 13, 2023 | 2:19 pm

CVX

USO

XOM

US oil production reached a new all-time high of 13.13 million barrels per day in Q3 2021, surpassing the previous record set in 2020. The rise in domestic oil production reduces the likelihood of a 1970s-type stagflation, according to Comerica Bank's chief economist. However, this increase comes amid a drop in crude oil and gasoline prices. The United States Oil ETF (USO) is down about 5% in the last month, and major oil companies Exxon Mobil (XOM) and Chevron (CVX) have also seen their share prices drop.

Portfolio Pulse from Aaron Bry

October 13, 2023 | 2:14 pm

BTCUSD

Experts in the digital asset industry have expressed concerns over the potential decline of Bitcoin (CRYPTO: BTC) due to the current global economic and geopolitical challenges. The ongoing disruptions from conflict in Europe and the Middle East may force the Federal Reserve to maintain higher interest rates, negatively impacting Bitcoin and the broader digital asset space. However, Bitcoin's potential to serve as a hedge against instability is also highlighted. The approval of proposed Bitcoin ETFs could be a potential catalyst for the digital asset sector.

Portfolio Pulse from Murtuza Merchant

October 13, 2023 | 2:02 pm

LRCX

Lam Research (NASDAQ:LRCX) has outperformed the market over the past 15 years, producing an average annual return of 25.28%. If an investor had bought $100 of LRCX stock 15 years ago, it would be worth $3,109.23 today. The company currently has a market capitalization of $86.83 billion.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 2:00 pm