Streetbeat News

USO

United States Oil Fund, LP

http://www.unitedstatesoilfund.com

Industry

Asset Management

USO invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.

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Samsung Electronics Co Ltd (OTC:SSNLF) has surpassed Apple Inc (NASDAQ:AAPL) as the largest provider of smartphones, driven by its AI phone's popularity. Eli Lilly And Co (NYSE:LLY) and NXP Semiconductors NV (NASDAQ:NXPI) reported earnings above consensus, with LLY raising its FY24 EPS projection. Advanced Micro Devices, Inc. (NASDAQ:AMD), Amazon.com, Inc. (NASDAQ:AMZN), and Super Micro Computer Inc (NASDAQ:SMCI) are set to report earnings, providing further insight into AI demand. The Eurozone economy showed resilience with a Q1 GDP growth of 0.3%. Early trade money flows are positive in AMZN, neutral in AAPL and Alphabet Inc Class C (NASDAQ:GOOG), and negative in Meta Platforms Inc (NASDAQ:META), Microsoft Corp (NASDAQ:MSFT), NVIDIA Corp (NASDAQ:NVDA), Tesla Inc (NASDAQ:TSLA), SPDR S&P 500 ETF Trust (NYSE:SPY), and Invesco QQQ Trust Series 1 (NASDAQ:QQQ).

Portfolio Pulse from The Arora Report

April 30, 2024 | 3:19 pm

The White House has expressed that President Biden views the takeover of a building by Columbia University students as 'absolutely the wrong approach'. Additionally, there is currently no plan to federalize the National Guard in response to this situation. The administration is also monitoring pro-Palestinian protests on campuses without any current evidence of 'bad actors' involved.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 2:48 pm

Tesla's stock jumps $20 on China's in-principle approval of Full Self Driving, partnering with Baidu, lifting both TSLA and AAPL stocks. Apple's risk in China is reduced, but faces increased regulatory pressure in Europe. Japan's forex intervention boosts market sentiment. Early trade money flows are positive for AAPL, AMZN, TSLA; neutral for MSFT, NVDA; negative for GOOG, META; mixed for SPY, QQQ. Gold, oil, and bitcoin markets are also discussed, with investment strategies suggested.

Portfolio Pulse from The Arora Report

April 29, 2024 | 4:28 pm

Oil prices are trading lower due to ongoing efforts to broker a ceasefire between Israel and Hamas, impacting related ETFs.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 3:28 pm

The U.S. has issued a warning that any action by the International Criminal Court (ICC) against Israel could potentially harm the chances of achieving a cease-fire. This statement underscores the delicate balance of international diplomacy and the potential impact of legal actions on peace processes.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 2:13 pm

U.S. stock markets closed higher, driven by strong tech earnings and mild inflation data. Alphabet announced its first dividend and a $70 billion buyback, boosting its shares by 10% and its valuation above $2 trillion. The PCE price index rose to 2.7% in March. Asian markets also saw gains, while European markets were mixed. Commodities and U.S. futures indicated varied movements, with the yen surging against the dollar due to potential Japanese intervention.

Portfolio Pulse from Akanksha Bakshi

April 29, 2024 | 10:35 am

The latest U.S. Baker Hughes report shows a decrease in oil and gas rig counts, with oil rigs down by 5 and gas rigs down by 1, bringing the total rig count to 613 from 619 the previous week.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 5:08 pm

Oil prices have increased even though the US GDP has fallen. This rise is attributed to a reported decrease in US crude inventories by the EIA on Wednesday.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 7:32 pm

Meta Platforms Inc (META) fell 15% despite excellent earnings due to AI spending concerns, while Tesla Inc (TSLA) rose 12% on poor earnings but promising AI investment. The divergence is attributed to Wall Street's positioning ahead of the earnings. Other notable earnings include IBM, Caterpillar Inc. (CAT), and Merck & Co Inc (MRK) with mixed results. Early trade shows negative money flows in major tech stocks and ETFs like SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ). The article also discusses market mechanics, treasury auctions, jobless claims, GDP data, and investment strategies.

Portfolio Pulse from The Arora Report

April 25, 2024 | 2:51 pm

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