Dear Readers,

U.S. stocks are set to extend their winning streak for the fourth consecutive day, driven by anticipation of Apple's earnings and the upcoming Friday jobs report.

On Thursday, U.S. stock markets experienced a surge in gains, particularly the S&P 500, which is poised to achieve a four-day winning streak. Traders showed optimism as they interpreted signals suggesting that the Federal Reserve might not pursue further interest rate hikes.

In addition to these factors, investors are eagerly awaiting Apple's earnings report, which is scheduled to be released after the market's close. They are also looking forward to the October jobs report set to be published on Friday.

As of 11:53 AM ET, the Dow was up 384.2422 points, or 1.1548%, at $33658.82. The Nasdaq Composite added 192.1221 points, or 1.3101%, at $14857.027. The S&P 500 rose 60.8101 points, or 1.4349%, at $4298.67. Among the 11 major S&P 500 sectors, 10 showed positive movement, with Utilities leading the way with a 1.98% increase.

Top Movers: Under $10

Aware Inc. (AWRE) is up 37.14% today to trade at the current level of $1.44. This comes after the company reported third quarter and nine month 2023 financial results

Li-Cycle Holdings Corp (LICY) zoomed 23.27% in today’s trade to $1.59. The company recently announced that its Board of Directors has adopted a limited duration shareholder rights plan.

In current trading, Pitney Bowes, Inc. (PBI) stock is at $3.77 after releasing its inancial results for the Q3 of fiscal year 2023. The company also declared common stock dividend.

Panbela Therapeutics Inc. (PBLA) rose 38.10% in the early hours of today's trading to move at $1.10 after announcing the publication of preclinical and clinical data from studies of CPP-1X (also known as α-Difluoromethylornithine (DFMO) or Eflornithine) in recent onset type 1 diabetes (T1D).

In the current trading session, 8X8 Inc. (EGHT) jumped 32.97% to $3.05 over a previous close of $2.29 following an upgrade from Hold to Buy by Craig Hallum analysts, who set a new price target of $4.50.

Ex-Dividends Stocks

Citigroup Inc (C) is about to trade ex-dividend tomorrow, meaning that investors who buy the stock after tomorrow will not be eligible for the next dividend payment. The company's next dividend payment will be $0.53 per share. The company has fixed November 06 as the record date for the same and will pay the actual dividend on November 22. Last year, the company distributed a total of $1.97 to its shareholders. Based on the last year's worth of payments, C has a trailing yield of 4.83% on the current stock price of $40.74.

Another stock that is shelling out dividends tomorrow is Eaton Corporation plc (ETN), having a market capitalization of $86.74B. It will pay a dividend of $0.86 per share, the payment date of which is November 24. Currently, the stock is trading at a trailing dividend yield of 1.57%.

Shares of Lazard Ltd. (LAZ) will be the talk of stock market on Friday as the stock will turn ex-dividend. The company's next dividend payment will be $0.5 per share, and in the last 12 months, the company paid a total of $2.00 per share. Last year's total dividend payments show that LAZ has a trailing yield of 7.04% on the current share price of $28.41.

Tomorrow, United States Steel Corp. (X) is also set to go ex-dividend tomorrow. The next dividend payment from X will amount to $0.05 per share. November 06 has been designated as the record date for this dividend, with the actual payout scheduled for December 07. In the previous year, X distributed a total of $0.20 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for X stands at 0.59% based on the current stock price of $33.99.

AllianceBernstein Holding Lp (AB) will be paying out a dividend of $0.65 per share to shareholders holding their shares as of the close of the business hours on the record date of November 06. Over the past 12 months, AB has paid out a total of $2.52 per share in dividends. Based on the total dividends paid out last year, AB boasts an impressive trailing yield of 8.74% on the current share price of $28.88.

Crypto Market Highlights

Most Shorted Stocks

Sunnova Energy International Inc (NOVA) was one of the most shorted stocks as of latest short interest figures, with 30.45% short interest. The days to cover ratio, a measure of how long it would take for all the short positions to be covered based on average trading volume, is 6.2. This represents a change of 260000 shares, which corresponds to a +0.82% increase in short interest. The total value of the shares held short is estimated to be around $319.54 million. The average daily volume stands at 5.43M shares, and the market capitalization of the company is $1.22B.

The Eos Energy Enterprises Inc with the symbol EOSE currently has a short interest of 29.26%. The short interest has changed by 1070000 shares. The days to cover ratio stands at 4.2. The estimated value of the shares held short is approximately $72.15 million. On an average day, 8.00M shares are traded, with the company's market capitalization totaling $254.60M.

For the stock Intercept Pharmaceuticals Inc (ICPT), the current short interest is at 30.16%. This represents a significant short interest change of 760000 shares, corresponding to a short interest percentage increase of +8.06%. The days needed to cover the short positions amount to 5.3. The approximate worth of the shares held short is $193.3 million.

The stock STEM has a current short interest of 30.13%. The short interest percentage has experienced increase of +0.42% while there was a change of 180000 shares in short interest. The ratio indicating the time required to cover short positions is 10.7. Trading activity averages at 3.98M shares per day, while the company's market capitalization stands at $543.74M.

Biotech Stocks to Watch

According to our ST Score evaluation, Vanda Pharmaceuticals Inc (VNDA) emerges as a high-quality stock in the Biotech industry, attaining an impressive score of 66.0. The stock's valuation, profitability, financial strength, and Piotroski Score are strong. Additionally, it is neutral in terms of performance, growth, stock sentiment, and forecast.

Our ST Score also classifies Genmab ADR (GMAB) as a high-quality Biotech stock today, presenting a Score of 65.0. The stock has strong fundamentals in terms of profitability, growth, financial strength, stock sentiment, and Piotroski Score. However, it has weak value, and forecast. The performance are neutral.

Another stock in the category, POINT Biopharma Global Inc (PNT) has the ST Score of 65.0, which means that the stock carries the potential for higher returns. The stock is strong in valuation, profitability, financial strength, and stock sentiment but weak in growth. Performance, piotroski score, and forecast suggest a neutral outlook.

Immuron Limited ADR (IMRN) stock has the ST Score of 56.0 which implies that the Biotech company has a high probability of beating the market. The stock's strengths lie in its performance, financial strength, and stock sentiment. However, it shows neutral outlook in value, profitability, growth, and forecast.

Ligand Pharmaceuticals, Inc. (LGND) currently has the ST Score of 64.0, which signifies a huge upward potential. The Biotech stock's strong points are its profitability, financial strength, stock sentiment, and Piotroski Score. The stock's value, performance, growth, and forecast indicate a neutral outlook.