💹 5 Energy Stocks With Huge Upside Potential ⚡

Markets struggled to extend Thursday’s losses on Friday, with the S&P 500 down 0.2% and the Nasdaq Composite falling 0.8%, while the Dow gained 0.3%. Tech stocks led the decline, as AI favorites like Nvidia, AMD, and Oracle slid sharply after recent strong gains.

Investor optimism briefly lifted equities following comments from New York Fed President John Williams hinting at a potential December rate cut, with futures now pricing in a more than 70% chance.

Despite this week’s pullback, some analysts view the declines as a routine correction after earlier-year gains rather than a sign of a deeper downturn.

Top Movers: Under $10 

Mobile health Network Solutions (MNDR) is up 43.75% today to trade at the current level of $4.37. This comes after signing a binding MOU with PPG PP GRID SDN. BHD. to acquire PPG’s project companies, which are developing two high-density, AI-optimized data centers in Sarawak, Malaysia.

Nuvve Holding Corp (NVVE) zoomed 41.41% in today’s trade to $0.23 after the announcement of its strategic MOU with Socorro City and the local electric cooperative.

In current trading, Iveda Solutions Inc (IVDA) stock is at $0.92 after announcing a major regional expansion in Egypt through a new joint venture with AOI and ZeroTech.

OSR Holdings Inc (OSRH) rose 31.36% in the early hours of today's trading to move at $0.6 after its subsidiary Vaximm AG entered a non-binding term sheet with BCM Europe for a potential exclusive global VXM01 license, outlining $20M upfront and up to $815M in milestones with a six-month exclusivity to finalize a definitive deal.

In the current trading session, Robo.ai Inc (AIIO) jumped 12.72% to $0.88 over a previous close of $0.78 after announcing the signing of a strategic Memorandum of Understanding (MOU) with Zand Bank PJSC, the first fully digital bank in the Middle East.

Ex-Dividend Stocks

Adeia Inc (ADEA) is about to trade ex-dividend Monday, meaning that investors who buy the stock after Monday will not be eligible for the next dividend payment. The company's next dividend payment will be $0.05 per share. It has fixed November 24 as the record date for the same and will pay the actual dividend on December 15. Last year, the company distributed a total of $0.20 to its shareholders. Based on the last year's worth of payments, ADEA has a trailing yield of 1.70% on the current stock price of $11.74.

Another stock that is shelling out dividends on Monday is Microchip Technology, Inc (MCHP), having a market capitalization of $26.49B. It will pay a dividend of $0.46 per share, with a payment date of December 9. Currently, the stock is trading at a trailing dividend yield of 3.71%.

Shares of Teradyne, Inc (TER) will be the talk of the stock market on Monday as the stock will turn ex-dividend. The company's next dividend payment will be $0.12 per share, and in the last 12 months, it paid a total of $0.48 per share. Last year's total dividend payments indicate that TER has a trailing yield of 0.31% based on its current share price of $ 155.90.

Tractor Supply Co (TSCO) is also set to go ex-dividend on Monday. The next dividend payment from TSCO will amount to $0.23 per share. November 24 has been designated as the record date for this dividend, with the actual payout scheduled for December 09. In the previous year, TSCO distributed a total of $0.91 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for TSCO stands at 1.73% based on the current stock price of $52.64.

Viatris Inc (VTRS) will be paying out a dividend of $0.12 per share to shareholders holding their shares as of the close of business hours on the record date of November 24. Over the past 12 months, VTRS has paid out a total of $0.48 per share in dividends. Based on the total dividends paid out last year, VTRS boasts an impressive trailing yield of 4.71% on the current share price of $10.19.

Crypto Market Highlights

• PayPay integrates new payment rails on Binance Japan, enabling free peer-to-peer transactions through PayPay Money.

• US spot Bitcoin ETFs see a sharp reversal with $903 million in outflows, one of the largest single-day redemptions since their January 2024 launch.

• The SEC’s Crypto Task Force schedules a December roundtable to discuss privacy and financial surveillance in the crypto industry.

• Coinbase launches Ether-backed loans in the US, allowing users to borrow USDC against their ETH via Morpho on Base.

• Tether invests in Parfin to expand USDT’s institutional presence in Latin America and enhance on-chain settlement across the region.

Most Shorted Stocks

Lemonade Inc (LMND) was one of the most shorted stocks as of the latest short interest figures, with 23.15% 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 6.4. This represents a change of -505244 shares, which corresponds to a -3.23% decrease in short interest. The total value of the shares held short is estimated to be around $1.03 billion. The average daily volume stands at 2.66M shares, and the market capitalization of the company is $5.08B.

The PureCycle Technologies Inc with the symbol PCT currently has a short interest of 25.83%. The short interest has changed by 1186043 shares. The days to cover ratio stands at 12.4. The estimated value of the shares held short is approximately $293.29 million. On an average day, 3.17M shares are traded, with the company's market capitalization totaling $1.45B.

For the stock Sphere Entertainment Co (SPHR), the current short interest is at 25.53%. This represents a significant short interest change of 194612 shares, corresponding to a short interest percentage increase of 2.81%. The days needed to cover the short positions amount to 7.6. The approximate worth of the shares held short is $532.93 million.

With the symbol LQDA, the stock currently has a short interest of 28.86%. The short interest change is -264626 shares, compared with a short interest percentage change of 1.49%. It would take approximately 8.2 days to cover all the short positions. The shares short value is estimated to be around $203.32 million. The company boasts an average daily volume of 2.57M shares, contributing to a market capitalization of $2.48B.

The stock MNRO has a current short interest of 20.62%. The short interest percentage has experienced an increase of 8.83% while there was a change of 490302 shares in short interest. The ratio indicating the time required to cover short positions is 6.3. The calculated worth of the shorted shares amounts to around $309.1 million. Trading activity averages at 920.50K shares per day, while the company's market capitalization stands at $528.65M.

Energy Stocks to Watch

According to our ST Score evaluation, Mexco Energy Corp (MXC) emerges as a high-quality stock in the Energy industry, attaining an impressive score of 58. The stock's profitability, financial strength, and Piotroski Score are strong. However, its performance is weak. Additionally, it is neutral in terms of growth, stock sentiment, and forecast.

Our ST Score also classifies NCS Multistage Holdings Inc (NCSM) as a high-quality Energy stock today, presenting a Score of 62. The stock has strong fundamentals in terms of financial strength and Piotroski Score. The profitability, performance, growth, stock sentiment, and forecast are neutral.

Another stock in the category, Nacco Industries Inc (NC) has the ST Score of 56, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, and growth. Financial strength, stock sentiment, Piotroski score, and forecast suggest a neutral outlook.

Delek Logistics Partners LP (DKL) stock has the ST Score of 54, which implies that the Energy company has a high probability of beating the market. The stock's strengths lie in its performance, growth, and Piotroski Score, but its weaknesses are in its profitability. However, it shows neutral outlook in financial strength, stock sentiment, and forecast.

Forum Energy Technologies Inc (FET) currently has the ST Score of 54, which signifies a huge upward potential. The Energy stock's strong points are its performance and Piotroski Score, while its weak points are its profitability. The stock's growth, financial strength, stock sentiment, and forecast indicate a neutral outlook.

That's it for today. Thanks for reading. Good luck out there!

Best Regards,

Stocks Telegraph Team

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