5 Stocks Under $10 You’ll Regret Not Watching Today

Stocks fell for a second straight day on Wednesday, driven by a broad sell-off in tech. The Nasdaq Composite dropped 1.7%, the S&P 500 slipped 0.9%, and the Dow shed 95 points, or 0.2%. Investors took profits from high-flying tech and semiconductor names, adding pressure to an already cautious market.

Target shares plunged over 8% after reporting another sales decline and naming a new CEO, making it the S&P 500’s worst performer of the day. Meanwhile, Lowe’s shares ticked higher following better-than-expected earnings. Overall, retail earnings presented a mixed picture for the sector.

Markets are now focused on the Federal Reserve, with minutes from the July meeting due Wednesday afternoon and a speech from Fed Chair Jerome Powell expected Friday. With two Fed officials dissenting in July—a first since 1993—investors are watching closely for signs of a possible rate cut in September, currently seen as an 85% likelihood.

Top Movers: Under $10 

Tharimmune Inc (THAR) is up 92.31% today to trade at the current level of $2.25. This comes after the company announced positive results from a recent pharmacokinetic (PK) simulation analysis of its lead clinical asset, TH104, a buccal film formulation of nalmefene.

Shineco Inc (SISI) zoomed 28.28% in today’s trade to $6.35 after announcing the execution of a "Cellular Asset On-Chaining and Marketing Ecosystem Cooperation Agreement" with blockchain infrastructure provider Plus Me Limited.

In current trading, Trinity Biotech Plc ADR (TRIB) stock is at $1.7 after announcing that it has received key approval to begin offshore and outsourced manufacturing of its WHO-approved TrinScreen™ HIV rapid test.

Auddia Inc (AUUD) rose 16.89% in the early hours of today's trading to move at $2.56 after announcing a strategic shift for faidr, the Company’s AI driven ad-free AM/FM streaming and podcast listening app.

In the current trading session, Mural Oncology plc (MURA) jumped 15.83% to $2.09 over a previous close of $1.8. The company announced entry into an agreement to be acquired by XRA 5 Corp., a wholly owned subsidiary of XOMA Royalty, for between $2.035 and $2.24 in Cash per Share

Ex-Dividend Stocks

Allient Inc (ALNT) 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 $0.03 per share. It has fixed August 21 as the record date for the same and will pay the actual dividend on September 04. Last year, the company distributed a total of $0.12 to its shareholders. Based on last year's worth of payments, ALNT has a trailing yield of 0.28% on the current stock price of $43.62.

Another stock that is shelling out dividends tomorrow is Applied Materials Inc (AMAT), having a market capitalization of $126.99B. It will pay a dividend of $0.46 per share, the payment date of which is September 11. Currently, the stock is trading at a trailing dividend yield of 1.05%.

Shares of Cogent Communications Holdings Inc (CCOI) will be the talk of the stock market on Thursday 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, it paid a total of $3.99 per share. Last year's total dividend payments show that CCOI has a trailing yield of 10.96% on the current share price of $36.46.

Marriott International, Inc (MAR) is also set to go ex-dividend tomorrow. The next dividend payment from MAR will amount to $0.67 per share. August 21 has been designated as the record date for this dividend, with the actual payout scheduled for September 30. In the previous year, MAR distributed a total of $2.56 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for MAR stands at 0.97% based on the current stock price of $264.67.

Microsoft Corporation (MSFT) will be paying out a dividend of $0.83 per share to shareholders holding their shares as of the close of the business hours on the record date of August 21. Over the past 12 months, MSFT has paid out a total of $3.24 per share in dividends. Based on the total dividends paid out last year, MSFT boasts an impressive trailing yield of 0.64% on the current share price of $507.27.

Crypto Market Highlights

• Investors are closely watching the US Federal Reserve's annual gathering in Jackson Hole on Friday, where Chair Jerome Powell's speech may offer crucial signals on future interest rate policy ahead of September’s FOMC meeting.

• China is reportedly considering allowing yuan-backed stablecoins, signaling a potential major reversal in its strict stance on cryptocurrencies.

• Two major crypto advocacy organizations are opposing Wall Street's latest efforts to weaken the recently enacted US stablecoin legislation.

• A New York federal judge has ordered EminiFX founder Eddy Alexandre to pay over $228 million in restitution after declaring the crypto platform a Ponzi scheme that defrauded tens of thousands of investors.

• Cathie Wood’s ARK Invest has increased its exposure to crypto-related equities, buying up shares of Bullish and Robinhood during a broad market downturn.

Most Shorted Stocks

CorMedix Inc (CRMD) was one of the most shorted stocks as of the latest short interest figures, with 15.11% 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 4.6. This represents a change of 630000 shares, which corresponds to a +6.27% increase in short interest. The total value of the shares held short is estimated to be around $139.59 million. The average daily volume stands at 2.33M shares, and the market capitalization of the company is $975.67M.

The Peabody Energy Corp with the symbol BTU currently has a short interest of 14.36%. The short interest has changed by -440000 shares. The days to cover ratio stands at 3.6. The estimated value of the shares held short is approximately $276.33 million. On an average day, 4.75M shares are traded, with the company's market capitalization totaling $1.93B.

For the stock Biomea Fusion Inc (BMEA), the current short interest is at 15.00%. This represents a significant short interest change of -30000 shares, corresponding to a short interest percentage decrease of -0.36%. The days needed to cover the short positions amount to 3.5. The approximate worth of the shares held short is $14.28 million.

With the symbol PK, the stock currently has a short interest of 14.63%. The short interest change is 760000 shares, compared with a short interest percentage change of +2.75%. It would take approximately 7.0 days to cover all the short positions. The shares' short value is estimated to be around $92.05 million. The company boasts an average daily volume of 3.95M shares, contributing to a market capitalization of $2.22B.

The stock DNUT has a current short interest of 28.13%. The short interest percentage has experienced an increase of +2.32% while there was a change of 550000 shares in short interest. The ratio indicating the time required to cover short positions is 2.8. The calculated worth of the shorted shares amounts to around $98.58 million. Trading activity averages at 7.59M shares per day, while the company's market capitalization stands at $594.92M.

AI Stocks to Watch

According to our ST Score evaluation, Micron Technology Inc (MU) emerges as a high-quality stock in the AI industry, attaining an impressive score of 53. The stock's profitability, performance, and Piotroski Score are strong. However, its financial strength is weak. Additionally, it is neutral in terms of growth, stock sentiment, and forecast.

Our ST Score also classifies iRhythm Technologies Inc (IRTC) as a high-quality AI stock today, presenting a Score of 55. The stock has strong fundamentals in terms of performance and financial strength. The profitability, growth, stock sentiment, Piotroski Score, and forecast are neutral.

Another stock in the category, Sprinklr Inc (CXM) has the ST Score of 53, which means that the stock carries the potential for higher returns. The stock is strong in profitability and Piotroski Score, but weak in growth. Performance, financial strength, stock sentiment, and forecast suggest a neutral outlook.

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

Verisk Analytics Inc (VRSK) currently has the ST Score of 52, which signifies a huge upward potential. The AI stock's strong points are its profitability and Piotroski Score, while its weak points are its performance, growth, and financial strength. The stock's 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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