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SPY

The S&P 500's 1.6% increase in January 2024 suggests a positive outlook for the year, based on historical data since 1957 showing over 80% probability of positive returns when January's performance exceeds 1.5%. However, February's performance is less predictable, with only a little over 60% chance of following January's positive trend. Notably, in election years with January returns over 1.5%, all instances led to positive 11-month returns. The SPDR S&P 500 ETF Trust (SPY) saw a 1.3% rise on the first trading day of February.

Portfolio Pulse from Piero Cingari

February 01, 2024 | 10:20 pm

MTX

Minerals Technologies (NYSE:MTX) reported Q4 adjusted EPS of $1.28, surpassing the $1.25 estimate, marking a 91.04% increase from last year's $0.67. Quarterly sales reached $524.50M, exceeding the $506.67M estimate by 3.52%, and showing a 3.33% increase from the previous year.

Portfolio Pulse from mahesh@benzinga.com

February 01, 2024 | 10:20 pm

EVBN

Evans Bancorp (EVBN) reported Q4 earnings of $1.85 per share, surpassing the $0.45 estimate by 311.11%, and a 68.18% increase from last year. Sales reached $32.50M, beating the $17.67M estimate by 83.91%, a 37.26% increase from the previous year.

Portfolio Pulse from mahesh@benzinga.com

February 01, 2024 | 10:17 pm

MA

V

Analysts from BMO Capital, Raymond James, Mizuho, and RBC Capital have maintained their positive outlook on Mastercard Inc (NYSE:MA) following its impressive quarterly performance, with raised price targets. Mastercard's Q4 results showed a 13% Y/Y revenue increase and a 20% Y/Y adjusted EPS rise, outperforming Visa Inc (NYSE:V) in several aspects including revenue growth and value-added services. Analysts highlighted Mastercard's strong performance in cross-border fees and value-added services, projecting continued revenue and EPS growth.

Portfolio Pulse from Anusuya Lahiri

February 01, 2024 | 10:15 pm

DOGEUSD

Dogecoin (DOGE) has seen a significant increase in new addresses, with over 890,000 created in the past week, indicating a surge in network activity and adoption rate. The upcoming SpaceX Doge-1 moon mission is generating optimism about Doge's price potential. Dogecoin's price has gained 2.2% over the past week, with a slight 0.1% increase in the last 24 hours. Speculation is growing that Dogecoin will be used as a currency following the approval of a money transmitter license for X in 19 states. Experts and fans are predicting a bullish future for Doge, with potential price movements discussed.

Portfolio Pulse from Khyathi Dalal

February 01, 2024 | 10:07 pm

POST

Post Holdings (NYSE:POST) reported Q1 adjusted EPS of $1.69, surpassing the $1.10 estimate, a 53.64% beat. Quarterly sales reached $1.97B, exceeding the $1.92B estimate by 2.40%, marking a 25.54% increase from last year.

Portfolio Pulse from bharat@benzinga.com

February 01, 2024 | 10:03 pm

GME

NFLX

SONY

The GME Coin, an unofficial memecoin based on GameStop, has surged in value, coinciding with the anniversary of GameStop's 2021 short squeeze and the increased attention from the Netflix release of 'Dumb Money', a movie about the event. Produced by Sony and grossing over $34 million worldwide, the movie's success on Netflix has paralleled the memecoin's rise. GME Coin, trading on Solana, hit a $56 million market cap, with analysts suggesting it could surpass GameStop's valuation.

Portfolio Pulse from Chris Katje

February 01, 2024 | 9:58 pm

CLX

Clorox Co (NYSE:CLX) shares surged in after-hours trading following the announcement of better-than-expected Q2 financial results and an upward revision of its earnings guidance. The company reported Q2 revenue of $1.99 billion and EPS of $2.16, surpassing estimates of $1.8 billion and $1.10, respectively. This performance was attributed to increased volumes and a favorable price mix as Clorox recovered from an August cyber attack. The company has raised its full-year adjusted earnings guidance from $4.30-$4.80 per share to $5.30-$5.50 per share.

Portfolio Pulse from Adam Eckert

February 01, 2024 | 9:53 pm

HOLX

Hologic, Inc. (NASDAQ:HOLX) reported Q1 financial results surpassing analyst expectations with adjusted earnings of 98 cents per share and quarterly sales of $1.01 billion. Despite a year-over-year decrease in earnings and sales, the company forecasts Q2 revenue between $990 million and $1.01 billion, and earnings between 95 cents and $1.00 per share. CEO Stephen P. MacMillan highlighted strong revenue and profitability, attributing organic growth to the company's improved performance excluding COVID-19 impacts. HOLX shares saw a slight decrease of 0.15% in after-hours trading.

Portfolio Pulse from Erica Kollmann

February 01, 2024 | 9:52 pm

TEAM

Atlassian's stock (TEAM) is trading lower following the announcement of its Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 9:49 pm