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INTU

The IRS has launched a free tax filing pilot program called Direct File, which could impact the business of tax preparation companies. The program is part of the Inflation Reduction Act of 2022 and is currently available in 12 states for federal and state workers, with plans to expand. H & R Block Inc (NYSE:HRB) and Intuit Inc (NASDAQ:INTU), the owner of TurboTax, are among the companies that could be affected, as their shares have previously dropped when the IRS announced plans for the software. ETFs like Global X FinTech ETF (NASDAQ:FINX) and iShares Expanded Tech-Software Sector ETF (BATS:IGV), which hold Intuit shares, may also be impacted.

Portfolio Pulse from Natan Ponieman

January 30, 2024 | 7:31 pm

CLX

RBC Capital Markets analyst Nik Modi maintains a Sector Perform rating on Clorox Company (NYSE:CLX) with a price target of $138. Clorox is set to release Q2 fiscal year 2024 results on Feb. 1, 2024. Despite a nearly 20% stock rally since late October, Modi is cautious due to potential issues with trash bags, cat litter, Hidden Valley Ranch, and Wipes, although charcoal is performing well. The analyst expects pricing moderation and volume challenges, and notes that the 2023 cyber-attack has delayed recovery, with ongoing shelf space challenges and a sluggish macro environment potentially impacting categories with high private label exposure. CLX shares were up 0.79% to $145.85 at last check.

Portfolio Pulse from Nabaparna Bhattacharya

January 30, 2024 | 7:28 pm

MARK

MSFT

Shares of Remark Holdings Inc (NASDAQ:MARK) surged following an unconfirmed report of an $80 million partnership with Microsoft Corp (NASDAQ:MSFT) announced via Remark's social media account. The partnership is said to focus on Remark's computer vision models for government projects. Despite the buzz, neither company has officially confirmed the deal, and there was no formal press release. Remark Holdings had a market cap of about $7.2 million as of the last close.

Portfolio Pulse from Adam Eckert

January 30, 2024 | 7:23 pm

OKE

ONEOK Inc. (NYSE:OKE) shares have dropped by 0.42% in the current session to $69.36, reflecting a 1.77% decrease over the past month but a 2.23% increase over the past year. The company's P/E ratio is lower than the industry average, which could indicate that the stock is undervalued or that investors have lower growth expectations. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 7:15 pm

MARK

MSFT

Remark Holdings shares are trading higher due to a Tweet from the company's account hinting at an unconfirmed deal with Microsoft.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 7:12 pm

NEAR-USD

NEAR Protocol (CRYPTO: NEAR) has seen a 4.54% price increase over the past 24 hours, reaching $3.16. Over the past week, the cryptocurrency has risen over 22%, from $2.58. Despite the recent gains, it is still well below its all-time high of $20.44. Trading volume has surged by 32% in the past week, and the circulating supply has grown by 0.2% to over 1.03 billion coins. NEAR currently ranks 30th in market cap at $3.27 billion.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 7:03 pm

ICPUSD

Internet Computer's (CRYPTO: ICP) price has decreased by 4.28% over the past 24 hours to $11.99, despite a weekly uptrend of 17.0%. The coin's volatility is depicted through Bollinger Bands in the provided chart. Trading volume has decreased by 15.0% over the past week, while the circulating supply increased by 0.65% to 457.35 million. ICP's market cap is currently ranked #18 at $5.48 billion.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 7:02 pm

HWKN

Hawkins (NASDAQ:HWKN) is expected to release its quarterly earnings report on January 31, 2024, with an estimated EPS of $0.61. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Hawkins's stock price has shown varied reactions to past earnings performances, with both increases and decreases in share price following earnings releases. Over the last year, HWKN shares have risen by 70.11%, trading at $68.0 as of January 29.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 7:01 pm

ARAY

Accuray (NASDAQ:ARAY) is scheduled to release its quarterly earnings report on January 31, 2024. Analysts predict an EPS of $-0.05. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Accuray's stock price has shown volatility post-earnings, with both increases and decreases regardless of EPS beats or misses. The stock was trading at $2.86 as of January 29, with a 12.04% increase over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 7:01 pm