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USO

XOM

Exxon's Baytown Texas crude unit is expected to remain shut down through October, according to Reuters. This could potentially impact the company's production and revenue.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 6:39 pm

RIO

A large investor has taken a bullish stance on Rio Tinto (NYSE:RIO), with 10 options trades spotted for the company. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The options include 9 puts totaling $908,408 and 1 call totaling $70,300. The targeted price range for Rio Tinto over the last 3 months is from $54.38 to $72.5. The current price of RIO is down -1.88% at $61.52.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 6:31 pm

CSX

Over the past 20 years, CSX (NASDAQ:CSX) has outperformed the market by 8.54% on an annualized basis, producing an average annual return of 15.74%. If an investor had bought $100 of CSX stock 20 years ago, it would be worth $1,860.28 today. The company currently has a market capitalization of $60.99 billion.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 6:30 pm

TEL

TE Connectivity (NYSE:TEL) has outperformed the market over the past 15 years by 1.8% on an annualized basis, producing an average annual return of 12.03%. If an investor had bought $1000 of TEL stock 15 years ago, it would be worth $5,267.42 today.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 6:30 pm

QURE

An option alert has been issued for uniQure (QURE) for January 19 $7.5 calls. The sweep is near the ask with 2000 @ $0.596 versus 273 open interest. The company's earnings are expected to be announced on November 1 before the market opens.

Portfolio Pulse from Charles Gross

October 03, 2023 | 6:29 pm

BLCO

NVS

Novartis AG is considering selling parts of its radiopharmaceuticals company, Advanced Accelerator Applications, as part of a strategic shift to focus on growth-driven areas. The company recently sold a portion of its eye medicine range to Bausch + Lomb Corporation and acquired Chinook Therapeutics Inc. However, a deal for the sale of Advanced Accelerator Applications is not guaranteed.

Portfolio Pulse from Vandana Singh

October 03, 2023 | 6:20 pm

RACE

Ferrari (NYSE:RACE) has outperformed the market over the past 5 years, producing an average annual return of 17.88%. If an investor had bought $1000 of RACE stock 5 years ago, it would be worth $2,231.18 today.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 6:00 pm

TDG

TransDigm Gr (NYSE:TDG) has outperformed the market over the past 15 years, producing an average annual return of 24.94%. If an investor had bought $1000 of TDG stock 15 years ago, it would be worth $28,263.08 today. The company currently has a market capitalization of $45.49 billion.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 6:00 pm

ETHUSD

A total of 3,460.08 Ether (ETH) worth $5,729,608 was burned from Ethereum transactions on Monday. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and includes a variable base fee that is burned, permanently removing it from circulation. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether was -1.87% yesterday.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 6:00 pm

VLO

A significant investor has taken a bearish stance on Valero Energy (NYSE:VLO), with 66% of recent trades being bearish and 33% bullish. The total amount for puts was $523,355 and for calls was $300,590. Whales have been targeting a price range from $100.0 to $150.0 for Valero Energy over the last 3 months. The current price of VLO is down -1.1% at $136.57. Analysts from Raymond James, B of A Securities, Wells Fargo, and Mizuho have maintained their ratings on Valero Energy.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 5:46 pm