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USO

The Saudi oil minister has warned that oil prices could fall to $50 per barrel if OPEC+ members do not adhere to production limits. This statement is seen as a threat of a potential price war to maintain market share.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 3:58 pm

CAT

DJIA

DYLG

TRMB

Caterpillar and Trimble have expanded their joint venture to enhance grade control solutions in construction, driving innovation and expanding industry reach. This collaboration aims to improve technology interoperability and offer new solutions across various markets.

Portfolio Pulse from Lekha Gupta

October 02, 2024 | 3:55 pm

AMAT

Applied Materials (AMAT) shares rose by 3.28% to $203.66 as semiconductor stocks rebounded after a market dip caused by geopolitical tensions. The initial sell-off was due to Iran's missile attack on Israel, but tech stocks, including AMAT, recovered as investors reassessed the situation.

Portfolio Pulse from Henry Khederian

October 02, 2024 | 3:54 pm

CAG

ConAgra's CEO expressed confidence in managing through a potential port strike without significant impact, having pre-purchased ingredients to mitigate disruptions. However, a prolonged strike could pose larger challenges.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 3:52 pm

CAG

ConAgra Brands' CEO has stated that the company has been preparing for a potential strike at U.S. East Coast ports by working closely with suppliers and their suppliers for months.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 3:51 pm

MCD

McDonald's has posted a picture on X suggesting a collaboration with Twitch streamer Kai Cenat, indicating an upcoming event or promotion on October 10th.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 3:50 pm

CRM

MSFT

Salesforce's AgentForce platform, powered by the Atlas engine, is now considered 'on par' with Microsoft's offerings, leading to an upgrade by Piper Sandler analysts. The platform's potential to significantly increase Salesforce's total addressable market has resulted in a raised price target from $270 to $400.

Portfolio Pulse from Priya Nigam

October 02, 2024 | 3:48 pm

ADP

FXI

ITA

RTX

The article discusses the potential investment opportunities in missile defense stocks, particularly highlighting RTX Corp (NYSE:RTX) due to its involvement in missile defense systems like the Iron Dome. The article also mentions the iShares US Aerospace & Defense ETF (BATS:ITA) as a recommended ETF for defense investments. Additionally, it touches on the strong employment data from Automatic Data Processing Inc (NASDAQ:ADP) and a buying stampede in Hong Kong stocks, with a focus on the iShares China Large-Cap ETF (NYSE:FXI).

Portfolio Pulse from The Arora Report

October 02, 2024 | 3:46 pm

COST

Costco has expanded its precious metal offerings by adding platinum bars to its product lineup. This move follows the company's previous success in selling gold and silver bars, indicating a growing interest in precious metals among its customers.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 3:40 pm

FTXR

RDIV

Ford Motor Company reported a 4% increase in U.S. retail sales for Q3, with a 12.2% rise in EV sales, making it the second-largest EV brand in the U.S. Despite these positive sales figures, Ford's stock is trading lower. The company also leads in several vehicle categories and has seen a 30% increase in subscriptions to its Ford Pro Intelligence software. Ford is seeking government subsidies in the UK to boost EV sales.

Portfolio Pulse from Nabaparna Bhattacharya

October 02, 2024 | 3:37 pm