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USO

The EIA reported a larger-than-expected draw in distillate stocks, with a draw of 3.124 million barrels compared to the estimated 2.300 million barrels. This is also a significant increase from the prior draw of 1.284 million barrels.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 2:30 pm

SPY

USO

The latest data shows that US crude oil inventories have increased by 5.810 million barrels, significantly higher than the expected 2.000 million barrels and the previous build of 3.889 million barrels. This unexpected rise in crude oil inventories could impact oil prices and related markets.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 2:30 pm

NIO

NIO (NYSE:NIO) has outperformed the market over the past 5 years with an average annual return of 31.59%, significantly boosting investments. A $100 investment in NIO 5 years ago would now be worth $399.67. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 09, 2024 | 2:30 pm

UNM

Unum Group (NYSE:UNM) has outperformed the market over the past 5 years with an average annual return of 16.48%, surpassing the market by 2.54% annually. A $100 investment in UNM 5 years ago would now be worth $216.26.

Portfolio Pulse from Benzinga Insights

October 09, 2024 | 2:30 pm

MNTS

Momentus Inc. (NASDAQ:MNTS) shares surged after being selected by NASA for launch services under the VADR contract, allowing them to deliver various satellites to orbit.

Portfolio Pulse from Dylan Berman

October 09, 2024 | 2:29 pm

FFIE

Faraday Future Intelligent Electric shares rose after the company acquired a 10% stake in Grow Fandor from its founder.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 2:27 pm

BYU

BAIYU Holdings shares were halted due to a circuit breaker as the stock surged 8.91%.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 2:26 pm

BABA

JD

PDD

PDD Holdings Inc. (NASDAQ:PDD) has seen a significant stock surge due to China's economic stimulus measures, with a 56% rise in the last month. Despite regulatory challenges, PDD outperformed competitors like Alibaba and JD.com, showing strong revenue and profit growth. Technical indicators suggest a bullish trend, although the stock is currently below its eight-day SMA.

Portfolio Pulse from Surbhi Jain

October 09, 2024 | 2:26 pm

BYU

BAIYU Holdings shares have resumed trading after a temporary halt. The resumption of trading could indicate a resolution of any issues that led to the halt.

Portfolio Pulse from Benzinga Newsdesk

October 09, 2024 | 2:25 pm

CLSD

Clearside Biomedical's investigational drug CLS-AX for wet AMD achieved primary and secondary goals in a Phase 2b trial, showing stable visual acuity and anatomy with a well-tolerated safety profile. The trial results support the design of a planned Phase 3 program.

Portfolio Pulse from Vandana Singh

October 09, 2024 | 2:22 pm