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Revenues

SCCO

Southern Copper (NYSE:SCCO) has outperformed the market over the past 10 years, delivering an average annual return of 14.21%. A $100 investment in SCCO 10 years ago would be worth $378.47 today. The article highlights the impact of compounded returns on long-term investments.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 5:00 pm

AAPL

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TLT

TSLA

USO

The stock market is poised for significant movement based on upcoming CPI data and the FOMC rate decision. Bond movements, particularly those tracked by the iShares 20+ Year Treasury Bond ETF (TLT), will likely influence stock market direction. Early trade shows mixed money flows among major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

June 11, 2024 | 4:50 pm

CETY

Clean Energy Technologies shares are trading higher after the company announced its affiliate was selected as a USDA grant recipient.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:36 pm

MTD

Mettler-Toledo Intl (NYSE:MTD) has significantly outperformed the market over the past decade, delivering an average annual return of 19.24%. A $100 investment in MTD 10 years ago would now be worth $584.86.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 4:30 pm

HEI

Heico (NYSE:HEI) has significantly outperformed the market over the past 15 years, delivering an average annual return of 23.44%. A $100 investment in HEI 15 years ago would be worth $2,400.17 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 4:30 pm

SPY

USO

The EIA has revised its forecast for U.S. petroleum and other liquid fuels consumption. The growth for 2024 is now expected to be 100,000 barrels/day, down from the previous forecast of 200,000 barrels/day. However, the growth for 2025 has been revised upwards to 300,000 barrels/day from the previous forecast of 200,000 barrels/day.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:19 pm

SPY

USO

The EIA has revised its forecast for U.S. oil output growth in 2025, lowering it to 470,000 barrels/day from the previous 530,000 barrels/day. Additionally, the overall U.S. oil production forecast for 2025 has been slightly reduced to 13.71 million barrels/day from 13.73 million barrels/day.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:19 pm

GLD

QQQ

SPY

TLT

UUP

The May CPI report and the FOMC meeting are set to occur on the same day, potentially causing market volatility. April's data showed easing inflation, aligning with forecasts. Economists expect the headline annual inflation rate to hold steady at 3.4%, with core inflation at 3.6%. The report will influence the Fed's stance on interest rates, with a softer reading supporting potential rate cuts. Previous CPI reports have triggered rallies in stocks, bonds, gold, and speculative assets.

Portfolio Pulse from Piero Cingari

June 11, 2024 | 4:12 pm

SPY

USO

The U.S. Energy Information Administration (EIA) has revised its forecast for U.S. crude oil output in 2024, predicting an increase of 310,000 barrels per day, up from the previous forecast of a 270,000 barrels per day increase.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:12 pm

SPY

USO

The U.S. Energy Information Administration (EIA) has revised its forecast for U.S. crude oil output in 2024, now expecting production to rise to 13.24 million barrels per day, up from the previous forecast of 13.20 million barrels per day made in May.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 4:10 pm