Dear Readers,

On Thursday, the Dow Jones Industrial Average continued its upward momentum after surpassing 37,000 for the first time, supported by the 10-year Treasury dropping below 4%. A surprise uptick in retail sales bolstered investor confidence in a smooth economic transition for 2024.

Fresh economic data on Thursday showcased positive signs for a gentle economic transition. The Commerce Department reported a 0.3% increase in November's retail sales, indicating robust consumer spending during the ongoing holiday shopping season. Contrary to expectations of a 0.1% decline by economists surveyed by Dow Jones.

The S&P index is inching closer to its all-time high from January 2022 and may soon reach record territory, trailing behind the Dow. Meanwhile, the Nasdaq stands at about 9% below its closing record and roughly 10% away from its intraday record.

As of 12:02 PM ET, the Dow was up 120.832 points, or 0.3258%, at $37211.07. The Nasdaq Composite added 12.6016 points, or 0.0761%, at $16574.97. The S&P 500 rose 21.0703 points, or 0.4476%, at $4728.16. Among the 11 major S&P 500 sectors, 7 showed positive movement, with Energy leading the way with a 1.25% increase.

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Top Movers: Under $5

Freight Technologies Inc (FRGT) is up 279.25% today to trade at the current level of $1.06. This comes after the company announced Amazon Mexico’s renewed selection of Fr8App for its logistical solutions.

TPI Composites Inc (TPIC) zoomed 66.12% in today’s trade to $3.56 after announcing that it has entered into a binding agreement with funds managed by Oaktree Capital Management, L.P. to refinance Oaktree’s outstanding Series A Preferred Stock holdings in the Company.

In current trading, NeuroSense Therapeutics Ltd (NRSN) stock is at $0.87 following the declaration of additional positive efficacy data from further evaluation of its Phase 2b trial (PARADIGM) with NeuroSense's lead drug candidate for amyotrophic lateral sclerosis ("ALS"), PrimeC.

Vista Gold Corp. (VGZ) rose 30.63% in the early hours of today's trading to move at $0.44. The company announced $20 million royalty with Wheaton Precious Metals Corp. on Mt Todd.

In the current trading session, SenesTech Inc (SNES) jumped 37.12% to $0.78 over a previous close of $0.57 after announcing the expansion of Evolve™ Soft Bait ("Evolve") with substantial initial orders.

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Ex-Dividends Stocks

Prologis Inc (PLD) 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 $0.87 per share. The company has fixed December 18 as the record date for the same and will pay the actual dividend on December 29. Last year, the company distributed a total of $3.48 to its shareholders. Based on the last year's worth of payments, PLD has a trailing yield of 2.61% on the current stock price of $133.49.

Another stock that is shelling out dividends tomorrow is Allegion plc (ALLE), having a market capitalization of $10.12B. It will pay a dividend of $0.45 per share, the payment date of which is December 29. Currently, the stock is trading at a trailing dividend yield of 1.56%.

Shares of DTE Energy Co. (DTE) will be the talk of stock market on Friday as the stock will turn ex-dividend. The company's next dividend payment will be $1.02 per share, and in the last 12 months, the company paid a total of $3.84 per share. Last year's total dividend payments show that DTE has a trailing yield of 3.40% on the current share price of $112.91.

Eastman Chemical Co (EMN) is also set to go ex-dividend tomorrow. The next dividend payment from EMN will amount to $0.81 per share. December 18 has been designated as the record date for this dividend, with the actual payout scheduled for January 05. In the previous year, EMN distributed a total of $3.17 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for EMN stands at 3.50% based on the current stock price of $90.41.

Huntington Bancshares, Inc. (HBAN) will be paying out a dividend of $0.15 per share to shareholders holding their shares as of the close of the business hours on the record date of December 18. Over the past 12 months, HBAN has paid out a total of $0.62 per share in dividends. Based on the total dividends paid out last year, HBAN boasts an impressive trailing yield of 4.83% on the current share price of $12.94.

Crypto Market Highlights

Most Shorted Stocks

ProKidney Corp (PROK) was one of the most shorted stocks as of latest short interest figures, with 35.74% 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 13.9. This represents a change of 3580000 shares, which corresponds to a +34.10% increase in short interest. The total value of the shares held short is estimated to be around $27.6 million. The average daily volume stands at 1.03M shares, and the market capitalization of the company is $131.59M.

The Desktop Metal Inc with the symbol DM currently has a short interest of 34.84%. The short interest has changed by -2490000 shares. The days to cover ratio stands at 27.1. The estimated value of the shares held short is approximately $55.64 million. On an average day, 2.87M shares are traded, with the company's market capitalization totaling $243.56M.

For the stock C3.ai Inc (AI), the current short interest is at 30.16%. This represents a significant short interest change of 540000 shares, corresponding to a short interest percentage increase of +1.54%. The days needed to cover the short positions amount to 4.5. The approximate worth of the shares held short is $1.05 billion.

With the symbol SAVA, the stock currently has a short interest of 34.68%. The short interest change is -840000 shares, compared with a short interest percentage change of -5.77%. It would take approximately 11.2 days to cover all the short positions. The shares short value is estimated to be around $1.06 billion. The company boasts an average daily volume of 1.36M shares, contributing to a market capitalization of $1.26B.

The stock CVNA has a current short interest of 16.31%. The short interest percentage has experienced increase of +1.81% while there was a change of 580000 shares in short interest. The ratio indicating the time required to cover short positions is 3.8. Trading activity averages at 8.55M shares per day, while the company's market capitalization stands at $5.75B.

Biotech Stocks to Watch

According to our ST Score evaluation, Third Harmonic Bio Inc (THRD) emerges as a high-quality stock in the Biotech industry, attaining an impressive score of 58.0. The stock's profitability, performance, financial strength, and stock sentiment are strong. Additionally, it is neutral in terms of value, growth, and forecast.

Our ST Score also classifies POINT Biopharma Global Inc (PNT) as a high-quality Biotech stock today, presenting a Score of 64.0. The stock has strong fundamentals in terms of profitability, performance, financial strength, and stock sentiment. However, it has weak growth. The value, Piotroski Score, and forecast are neutral.

Another stock in the category, Halozyme Therapeutics Inc. (HALO) has the ST Score of 61.0, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, growth, and Piotroski Score but weak in financial strength. Value, stock sentiment, and forecast suggest a neutral outlook.

Galapagos NV ADR (GLPG) stock has the ST Score of 62.0 which implies that the Biotech company has a high probability of beating the market. The stock's strengths lie in its valuation, profitability, performance, financial strength, and stock sentiment, but its weaknesses are in its Piotroski Score. However, it shows neutral outlook in growth, and forecast.

Larimar Therapeutics Inc (LRMR) currently has the ST Score of 61.0, which signifies a huge upward potential. The Biotech stock's strong points are its performance, financial strength, and stock sentiment, while its weak points are its Piotroski Score. The stock's value, profitability, growth, and forecast indicate a neutral outlook.