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USO

The EIA reported an increase in U.S. gasoline exports to 781,000 barrels per day in August, up from 757,000 barrels per day in July. However, total U.S. oil demand in August decreased by 0.3% compared to the previous year, reaching 20.711 million barrels per day, contrasting with a 2.2% rise in July.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 6:08 pm

SPY

USO

The U.S. Energy Information Administration (EIA) reported an increase in U.S. crude oil production by 195,000 barrels per day in August, reaching 13.401 million barrels per day. The July production was revised up by 1,000 barrels per day to 13.206 million barrels per day.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 6:07 pm

USO

The EIA reported a decrease in U.S. crude oil exports to 3.907 million barrels per day in August from 4.193 million in July. However, total refined oil product exports increased to 3.546 million barrels per day, and distillates fuel exports rose to 1.516 million barrels per day.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 6:06 pm

SMCI

Super Micro Computer, Inc (NASDAQ:SMCI) faces governance and accounting issues as Ernst & Young resigns as its auditor, leading to a suspension of ratings by analysts. The company is seeking a new auditor and has formed a Special Committee to review internal controls. The stock has fallen 10.5% amid these developments.

Portfolio Pulse from Anusuya Lahiri

October 31, 2024 | 6:04 pm

FWONA

FWONK

SIRI

Sirius XM Holdings Inc reported a Q3 revenue decline of 4% to $2.17 billion, missing estimates. Adjusted EPS beat expectations. The company faced a $3.36 billion impairment charge related to Liberty Media, resulting in a net loss of $2.96 billion. Sirius XM revised its annual revenue outlook slightly downwards.

Portfolio Pulse from Anusuya Lahiri

October 31, 2024 | 6:02 pm

CRTO

Criteo (NASDAQ:CRTO) has received mixed analyst ratings over the past three months, with a majority being bullish. The average 12-month price target has increased by 5.51% to $54.6. Analysts have adjusted their ratings and price targets in response to market conditions, with some lowering and others maintaining or raising their targets. Criteo's financial performance shows strong net margin, ROE, and ROA, but its revenue growth lags behind industry peers.

Portfolio Pulse from Benzinga Insights

October 31, 2024 | 6:01 pm

HLF

Herbalife shares increased following the release of Q3 financial results that surpassed expectations.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 5:56 pm

ROKU

Roku Inc (NASDAQ:ROKU) shares fell 21.6% despite reporting better-than-expected Q3 results, with a loss of 6 cents per share and $1.06 billion in sales. Analysts adjusted price targets, with some maintaining positive ratings. Roku anticipates Q4 revenue of $1.14 billion.

Portfolio Pulse from Dylan Berman

October 31, 2024 | 5:55 pm

ADI

AMAT

AMD

INTC

NVDA

Semiconductor stocks are experiencing a decline in share prices, likely due to recent earnings reports from various companies within the sector.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 5:50 pm

NVO

REGN

SNY

Regeneron Pharmaceuticals reported strong Q3 results with an 8% increase in EPS and 11% revenue growth, beating expectations. Despite this, the stock is down 10.7%, possibly due to concerns over lower net selling prices for Eylea.

Portfolio Pulse from Vandana Singh

October 31, 2024 | 5:46 pm