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CVX

DRLL

XLE

Chevron Corporation (NYSE:CVX) has started oil and natural gas production from its Anchor project in the deepwater U.S. Gulf of Mexico. The project features high-pressure technology and is expected to produce significant amounts of oil and gas. Chevron's facilities in the region are projected to produce a combined 300,000 net barrels of oil equivalent per day by 2026. Investors can gain exposure to Chevron via EA Series Trust Strive U.S. Energy ETF (NYSE:DRLL) and SPDR Select Sector Fund – Energy Select Sector (NYSE:XLE).

Portfolio Pulse from Lekha Gupta

August 12, 2024 | 3:39 pm

JBLU

JetBlue Airways Corporation (NASDAQ:JBLU) shares are trading lower after the company announced a $400 million convertible senior notes offering. The proceeds will be used to repurchase existing notes and for general corporate purposes. JetBlue shares are down 17.4% and trading below the 50-day moving average.

Portfolio Pulse from Erica Kollmann

August 12, 2024 | 3:36 pm

BNS

KEY

Bank of Nova Scotia shares are trading lower after the company announced it acquired a 14.9% stake in KeyCorp worth $2.8 billion.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 3:36 pm

AMAT

Applied Materials, Inc. (NASDAQ:AMAT) shares are trading slightly higher at $191.48, marking a 4.4% gain over the past week. Investors are anticipating the company's third-quarter earnings report, expected to show EPS of $2.02 on revenue of $6.673 billion. Key areas of growth include AI, IoT, electric vehicles, and clean energy. The company previously reported strong second-quarter results and significant cash returns to shareholders.

Portfolio Pulse from Henry Khederian

August 12, 2024 | 3:34 pm

GNLN

Greenlane Holdings, Inc. (NASDAQ:GNLN) shares are soaring after the company announced a non-binding letter of intent to be the exclusive U.S. distributor of Safety Strips, Inc.'s fentanyl, xylazine, and drink spike detection test strips. The stock's recent 1-for-11 reverse split and high short-interest are contributing to the volatile price action.

Portfolio Pulse from Erica Kollmann

August 12, 2024 | 3:32 pm

TPL

Texas Pacific Land (NYSE:TPL) has significantly outperformed the market over the past 15 years, delivering an average annual return of 43.53%. A $1000 investment in TPL 15 years ago would be worth $230,665.12 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 3:30 pm

FTNT

Fortinet (NASDAQ:FTNT) has significantly outperformed the market over the past 10 years, with an annualized return of 30.05%. A $100 investment in FTNT 10 years ago would be worth $1,389.68 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 3:30 pm

BCC

Boise Cascade's (NYSE:BCC) short percent of float has risen 25.07% since its last report, with 1.15 million shares sold short, representing 4.39% of all regular shares available for trading. This increase in short interest suggests a more bearish market sentiment towards the stock.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 3:30 pm

DWAC

Donald Trump made his first post on X since August 24, 2023, which led to increased trading volume in shares.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 3:21 pm

TXG

10x Genomics' recent 13G filing reveals that ARK Investment Management LLC has reported a 10.75% stake in the company as of July 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 3:19 pm