Ten stocks stood firmer on Tuesday, bucking a lackluster performance on Wall Street, as investors digested a flurry of strong corporate earnings and upbeat company outlooks.
Meanwhile, only the Dow Jones finished in the green, up 0.10 percent. The S&P 500 and the tech-heavy Nasdaq both fell by 0.33 percent and 0.59 percent, respectively.
In this article, we focus on the 10 top-performing names on Tuesday and break down the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and 5 million shares in trading volume.
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10. Shopify Inc. (NASDAQ:SHOP)
Shopify extended its winning streak to a third consecutive day on Tuesday, jumping 7.47 percent to close at $127.24 apiece as investors digested a mix of rating and price target upgrades from investment firms ahead of the e-commerce operator’s earnings release.
In its market report, ATB Cormark Capital raised its rating for Shopify Inc. (NASDAQ:SHOP) to “outperform” from “sector perform” previously, while maintaining a $250 price target, saying that the latter is in an attractive territory and is well positioned to be a capital light beneficiary from the booming AI.
Meanwhile, another investment firm, BMO, reiterated its “outperform” rating for the stock, albeit slashing its price target to $150 from $190 previously.
The rating upgrade was based on expectations that the company would post a solid earnings performance in the last quarter of the year, driven by sustained market share gains against US holiday e-commerce sales that modestly exceeded expectations.
Shopify Inc. (NASDAQ:SHOP) is scheduled to release its financial and operating highlights on Wednesday, February 11.
Lastly, Shopify Inc. (NASDAQ:SHOP) was issued a “buy” recommendation from equity research firm MoffettNathanson, an upgrade from “neutral” previously. It also received a higher price target of CA$203.57 versus CA$171.94 earlier.
9. Hasbro Inc. (NASDAQ:HAS)
Hasbro rallied to a new six-year high on Tuesday, as investors took heart from an investment firm’s “buy” recommendation for its stock despite a dismal earnings performance last year.
In its market report, Roth MKM reaffirmed its “buy” on shares of Hasbro Inc. (NASDAQ:HAS), alongside a price target of $105.
Meanwhile, the stock soared to its highest price of $105.35 at intra-day trading before trimming gains to end the day just up by 7.48 percent at $104 apiece.
Hasbro Inc. (NASDAQ:HAS) announced on Tuesday that it swung to an attributable net loss of $322.4 million from a $385.6 million net income in 2024, despite net revenues jumping by 14.6 percent to $4.7 billion from $4.1 billion year-on-year.
In the fourth quarter alone, the company incurred a $201.6 million attributable net income, reversing a $34.3 million net loss in the same comparable period. Net revenues jumped by 31 percent to $1.4 billion from $1.1 billion.
Looking ahead, Hasbro Inc. (NASDAQ:HAS) remains upbeat about its outlook for 2026, with revenues expected to grow by 3 to 5 percent. Adjusted EBITDA is pegged at $1.4 billion to $1.45 billion.
Earnings aside, Hasbro Inc. (NASDAQ:HAS) announced the distribution of a $0.70 cash dividend to all common shareholders as of February 18, payable on March 4, 2026.
It is also planning to repurchase $1 billion worth of its shares in a bid to boost shareholder value.
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