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USO

Crude oil prices have increased as Saudi Arabia advocates for an OPEC+ production cut. The move by the Saudis is aimed at stabilizing the oil market and potentially lifting oil prices by reducing supply. This development comes ahead of a crucial OPEC+ meeting where member countries will discuss production levels.

Portfolio Pulse from Charles Gross

November 30, 2023 | 10:08 am

VGK

Eurozone's November CPI increased by 2.4% year-over-year, which is lower than the estimated 2.7% and the previous 2.9%.

Portfolio Pulse from Charles Gross

November 30, 2023 | 10:02 am

BTCUSD

GLD

SLV

Galaxy Digital CEO Mike Novogratz predicts that Bitcoin, gold, and silver will surge if the Federal Reserve shifts from a hawkish to a dovish monetary policy. He notes the weakening US dollar in anticipation of a Fed pivot and is shorting the Chinese Yuan due to China's economic issues. Novogratz is also short on the dollar, expecting a US economic slowdown, easing inflation, and potential Fed rate cuts. He is bullish on gold and silver, suggesting significant rises if the Fed stops rate hikes and starts cutting rates. Novogratz also sees the approval of spot Bitcoin ETFs, a scarcity of sellers, and the Bitcoin halving cycle as factors that could drive Bitcoin's price higher. Additionally, he mentions political uncertainty around the 2024 election and fiscal instability as reasons for investing in Bitcoin.

Portfolio Pulse from Benzinga Neuro

November 30, 2023 | 9:55 am

BTC-USD

ETH-USD

A token named 'Go F*ck Yourself' (GFY) surged over 160,000% following Elon Musk's statement to advertisers. The token's liquidity reached $226.33K with a market cap of $4.59 million. Another token, GROK2, related to Musk's AI chatbot, also saw a 2000% increase. Meanwhile, Bitcoin (BTC) fell 1% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

November 30, 2023 | 9:50 am

GME

Investors are speculating on a 28% rise in GameStop (NYSE:GME) stock ahead of its Q3 earnings report, with heavy trading in out-of-the-money call options expiring on Dec. 8. The stock has already surged 32% over two days, and while it has declined 87% since its peak in January 2021, retail investors are driving the current buying activity, indicating a potential for continued volatility.

Portfolio Pulse from Navdeep Yadav

November 30, 2023 | 9:49 am

TPG

Goldman Sachs analyst Alexander Blostein has reinstated TPG (NASDAQ:TPG) with a Buy rating and set a price target of $43.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 9:44 am

DLTR

Telsey Advisory Group analyst Joseph Feldman has reiterated an Outperform rating on Dollar Tree (NASDAQ:DLTR) and maintained a price target of $160.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 9:37 am

OXY

Occidental Petroleum is reportedly in discussions to acquire Permian producer CrownRock in a deal valued at over $10 billion, according to The Wall Street Journal.

Portfolio Pulse from Charles Gross

November 30, 2023 | 9:34 am

SNOW

Piper Sandler analyst Brent Bracelin has maintained an Overweight rating on Snowflake (NYSE:SNOW) and increased the price target from $195 to $220, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 9:29 am

TSLA

Gordon Johnson of GLJ Research, a known Tesla bear, acknowledged Elon Musk's significant role in EV adoption despite criticizing his tactics and impact on society. Johnson highlighted Musk's risk-taking with EVs and his influence, but also his tendency to skirt the law and the negative effects of his actions. Tesla is set to deliver 1.8 million units this year, leading among EV makers, and is the most valued automaker globally. Tesla's stock closed down 1.05% at $244.14.

Portfolio Pulse from Shanthi Rexaline

November 30, 2023 | 8:58 am