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NSTB

Northern Star Investment Corp. II (NSTB) announced it will liquidate its trust account due to its inability to complete a business combination by the January 28, 2024 deadline. The liquidation will distribute approximately $10.48 per share to holders of Public Shares. NSTB expects delisting from NYSE American but intends to continue trading on the OTC Pink post-distribution. The company plans to amend its Charter to remove SPAC provisions and retain the possibility of future acquisitions. Units will separate into Public Shares and Warrants before the Distribution, with no payment for Warrants.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:07 pm

TARO

Taro Pharmaceutical Industries (NYSE:TARO) reported Q3 2024 earnings of $0.54 per share, surpassing the consensus estimate of $0.30 by 80%. Quarterly sales were $157.10 million, exceeding estimates by 1.42% and marking a 12.86% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:07 pm

BLK

The SEC has approved a Bitcoin ETF, signaling a shift towards mainstream acceptance of cryptocurrencies and potentially increasing institutional investment. Brock Pierce of The Bitcoin Foundation mentioned BlackRock (NYSE:BLK) as one of the institutions providing credibility to this move. The approval is seen as a balance between innovation and investor protection, important for the crypto industry's growth.

Portfolio Pulse from Abbey Higginbotham

January 25, 2024 | 10:06 pm

JEWL

Adamas One Corp has been notified of non-compliance with Nasdaq Listing Rule requirements. This could affect the company's stock listing status and investor confidence. The specific rules violated were not detailed in the news provided.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:04 pm

TCBX

Third Coast Bancshares (NASDAQ:TCBX) exceeded analyst expectations for Q4 with EPS of $0.57, surpassing the estimate of $0.48 by 18.75%, and a 29.55% increase from the previous year. Sales reached $39.49M, beating estimates by 3.56% and showing a 16.47% increase year-over-year.

Portfolio Pulse from mahesh@benzinga.com

January 25, 2024 | 10:02 pm

RCFA

RCF Acquisition (RCFA) has received a non-compliance notice from the NYSE for not meeting continued listing standards. The company must address the deficiencies to maintain its listing.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 10:01 pm

FXE

IEV

ECB President Christine Lagarde has dismissed the notion that Europe is entering a recession despite potential negative growth, contrasting with the robust U.S. economy. She stated that rate cuts are premature, focusing on the disinflation process. Markets are skeptical, pricing in significant rate cuts by December 2024. The euro fell against the dollar, and the Invesco CurrencyShares Euro Currency Trust (FXE) dropped slightly, while the iShares Europe ETF (IEV) rose marginally.

Portfolio Pulse from Piero Cingari

January 25, 2024 | 9:58 pm

BY

Byline Bancorp (NYSE:BY) reported Q4 adjusted EPS of $0.73, surpassing the consensus estimate of $0.67 by 8.96%. Year-over-year, this marks an 8.96% increase in earnings per share. However, the company's quarterly sales of $100.79M fell short of the expected $101.40M by 0.60%, despite being a 14.46% increase from the previous year's same quarter.

Portfolio Pulse from totan@benzinga.com

January 25, 2024 | 9:58 pm

QQQ

SPY

The upcoming Personal Consumption Expenditure (PCE) price index report for December is a critical economic indicator that could influence the stock market's direction. Economists expect the headline PCE inflation rate to remain at 2.6% year-on-year and the core PCE to slightly decelerate to 3% from November's 3.2%. If the PCE report meets or falls below expectations, it could be positive for the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ), suggesting a robust economy with controlled inflation. However, if the PCE indicates higher inflation, it could challenge the market's expectation of rate cuts and negatively impact these ETFs.

Portfolio Pulse from Piero Cingari

January 25, 2024 | 9:55 pm

V

Visa Inc. (NYSE:V) reported Q1 earnings of $2.41 per share, beating estimates of $2.34, and revenue of $8.60 billion, exceeding expectations of $8.54 billion. Payments volume and cross-border volume grew by 8% and 16% respectively. Visa forecasts Q2 net revenue growth in the upper mid to high single-digit range and full-year growth in the low double-digit range. Despite positive results, Visa shares dropped 2.73% in after-hours trading.

Portfolio Pulse from Ryan Gustafson

January 25, 2024 | 9:48 pm