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CVX

USO

XOM

US oil production reached a new all-time high of 13.13 million barrels per day in Q3 2021, surpassing the previous record set in 2020. The rise in domestic oil production reduces the likelihood of a 1970s-type stagflation, according to Comerica Bank's chief economist. However, this increase comes amid a drop in crude oil and gasoline prices. The United States Oil ETF (USO) is down about 5% in the last month, and major oil companies Exxon Mobil (XOM) and Chevron (CVX) have also seen their share prices drop.

Portfolio Pulse from Aaron Bry

October 13, 2023 | 2:14 pm

TNGX

Trading of Tango Therapeutics shares has resumed.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 2:12 pm

HRL

Hormel shares traded lower after the company's investor day event. Goldman Sachs maintained a Sell rating on the stock and lowered its price target from $33 to $29.

Portfolio Pulse from Bill Haddad

October 13, 2023 | 2:09 pm

TNGX

Shares of Tango Therapeutics (TNGX) were halted on a circuit breaker to the upside, but the stock is now down by 23.6%.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 2:08 pm

BTCUSD

Experts in the digital asset industry have expressed concerns over the potential decline of Bitcoin (CRYPTO: BTC) due to the current global economic and geopolitical challenges. The ongoing disruptions from conflict in Europe and the Middle East may force the Federal Reserve to maintain higher interest rates, negatively impacting Bitcoin and the broader digital asset space. However, Bitcoin's potential to serve as a hedge against instability is also highlighted. The approval of proposed Bitcoin ETFs could be a potential catalyst for the digital asset sector.

Portfolio Pulse from Murtuza Merchant

October 13, 2023 | 2:02 pm

YTRA

Yatra Online (NASDAQ:YTRA) is set to release its latest quarterly earnings report on October 16, 2023. Analysts estimate an earnings per share (EPS) of $-0.02. The company's past performance shows a trend of beating EPS estimates, which has led to increases in share price. However, the stock has been down 13.42% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 2:01 pm

VWE

Vintage Wine Estates (NASDAQ:VWE) is set to release its latest quarterly earnings report on Monday, 2023-10-16. Analysts estimate an earnings per share (EPS) of $-0.09. The company's past performance shows a trend of share price drops following earnings reports. The stock is currently trading at $0.7022, down 75.35% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 2:01 pm

FBK

FB Financial (NYSE:FBK) is set to release its quarterly earnings report on October 16, 2023. Analysts estimate an earnings per share (EPS) of $0.69. The company's past performance shows a pattern of beating EPS estimates, which has sometimes led to an increase in share price. However, the stock has been on a downward trend over the last 52-week period, with shares down 32.94%.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 2:00 pm

ES

Over the past three months, eight analysts have published their opinion on Eversource Energy (NYSE:ES) stock, all of them being indifferent. The average price target is $71.88, implying an upside from the current price of $54.32. This average represents a 6.25% decrease from the previous average price target of $76.67.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 2:00 pm

CFB

CrossFirst Bankshares (NASDAQ:CFB) is set to release its latest quarterly earnings report on October 16, 2023. Analysts estimate an earnings per share (EPS) of $0.32. The company's past performance shows a mixed impact on the share price post-earnings release. The stock is currently trading at $10.11, down 27.17% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 2:00 pm