Streetbeat News

Assets

EGY

VAALCO Energy, Inc. has provided an update on its operations in offshore Gabon, stating that all operations are running normally. The company's Etame field completed a lifting of approximately 641,000 barrels of oil on August 27, 2023. VAALCO has ongoing production activities in Gabon, Egypt, and Canada.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 2:44 pm

COIN

Coinbase Global, Inc. (NASDAQ: COIN) shares are trading higher following a report that the U.S. federal appeals court ruled the SEC was wrong to reject Grayscale's spot bitcoin ETF application. This ruling could be seen as a positive development for the cryptocurrency industry and could lead to increased optimism among investors, especially those interested in companies operating in the crypto space like Coinbase.

Portfolio Pulse from Henry Khederian

August 30, 2023 | 2:33 pm

SPY

UNG

USO

USA gasoline inventories have reported a draw of 0.214M, which is less than the estimated draw of 0.933M. This follows a build of 1.467M in the prior period.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 2:32 pm

SPY

UNG

USO

The Energy Information Administration (EIA) reported a build of 1.235 million in weekly distillates stocks, compared to an estimated build of 0.189 million and a prior build of 0.945 million.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 2:31 pm

SPY

USO

USA crude oil inventories have seen a draw of 10.584 million barrels, significantly higher than the estimated draw of 3.267 million barrels and the prior draw of 6.135 million barrels.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 2:31 pm

IR

Ingersoll Rand (NYSE:IR) has outperformed the market over the past 5 years by 11.56% on an annualized basis, producing an average annual return of 20.83%. If an investor had bought $1000 of IR stock 5 years ago, it would be worth $2,575.14 today.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 2:30 pm

ARGX

argenx (NASDAQ:ARGX) has outperformed the market over the past 5 years by 30.47% on an annualized basis, producing an average annual return of 39.74%. If an investor had bought $1000 of ARGX stock 5 years ago, it would be worth $5,328.50 today.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 2:30 pm

BA

A significant investor has taken a bullish stance on Boeing (NYSE:BA), with 56% of the investors opening trades with bullish expectations and 43% with bearish. The trades include 2 puts for a total of $59,245 and 14 calls for a total of $602,400. The price target for Boeing over the last 3 months ranges from $155.0 to $280.0. The current price of BA is up 1.52% at $230.69.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 2:17 pm

SPY

USO

South Sudan is negotiating with Kenya and Ethiopia to transport oil via trucks for export, bypassing conflict-ridden Sudan. This move could reduce the risk associated with the current pipeline system running through Sudan. The country's economy heavily relies on oil exports.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 2:15 pm

CORN

SOYB

SPY

VGK

WEAT

The U.S. State Department is exploring alternative routes for Ukrainian grain exports, most prominently via the Danube, according to a senior official. This could potentially impact the supply and prices of grain commodities.

Portfolio Pulse from Happy Mohamed

August 30, 2023 | 2:09 pm