Afternoon Surge: Big EV Leaders & Budget Stock Rockets

U.S. stock futures moved slightly higher on Tuesday as markets attempted to recover from two consecutive losing sessions. Investors continue to monitor the escalating trade tensions between the U.S. and China, with fresh retaliatory tariffs adding uncertainty to the global economic outlook.

As of 11:35 AM ET, the Dow was up 98.42 points, or 0.22156%, at $44520.33. The Nasdaq Composite added 267.439 points, or 1.25572%, at $21565.021. The S&P 500 rose 43.1 points, or 0.71898%, at $6037.67. Among the 11 major S&P 500 sectors, 10 showed positive movement, with Energy leading the way with a 1.52% increase.

Stocks are coming off a volatile session where the major indexes initially plunged but managed a late-session recovery. Despite the rebound, all three major averages closed in negative territory. The Dow Jones Industrial Average slipped 0.28%, the S&P 500 fell 0.76%, and the Nasdaq Composite dropped 1.2%.

Meanwhile, oil prices declined, and the dollar weakened as investors assessed the evolving trade landscape. Markets remain cautious amid the fast-changing tariff situation, with traders closely watching developments for further potential disruptions to global commerce.

Top Movers: Under $10

Volcon Inc (VLCN) is up 69.01% today to trade at the current level of $5.64. This comes after the companysigned an agreement to be the exclusive distributor of Super Sonic Company Limited, a wholly owned subsidiary of ODES Industry, golf carts sold to original equipment manufacturers in the United States.

Quantum BioPharma Ltd (QNTM) zoomed 63.52% in today’s trade to $5.20 after announcing that it has completed a double-blind, randomized, placebo-controlled crossover design clinical trial of its dietary supplement product unbuzzd, investigating its effects on alcohol intoxication and alcohol metabolism.

In current trading, GlucoTrack Inc (GCTK) stock is at $1.52 after announcing successful completion of its first human clinical study of continuous blood glucose monitor.

MAIA Biotechnology Inc (MAIA) rose 15.88% in the early hours of today's trading to move at $2.19 after announcing positive efficacy updates for phase 2 THIO-101 trial in advanced non-small cell lung cancer.

In the current trading session, Cumberland Pharmaceuticals Inc (CPIX) jumped 15.02% to $2.45 over a previous close of $2.13 after announcing positive top-line results from its Phase 2 FIGHT DMD trial.

Ex-Dividends Stocks

Aptargroup Inc (ATR) 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 $0.45 per share. It has fixed February 05 as the record date for the same and will pay the actual dividend on February 26. Last year, the company distributed a total of $1.72 to its shareholders. Based on the last year's worth of payments, ATR has a trailing yield of 1.09% on the current stock price of $157.84.

Shares of Idacorp, Inc (IDA) will be the talk of stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.86 per share, and in the last 12 months, it paid a total of $3.35 per share. Last year's total dividend payments show that IDA has a trailing yield of 3.02% on the current share price of $110.90.

Dorian LPG Ltd (LPG) is also set to go ex-dividend tomorrow. The next dividend payment from LPG will amount to $0.7 per share. February 05 has been designated as the record date for this dividend, with the actual payout scheduled for February 27.

Schlumberger Ltd (SLB) will be paying out a dividend of $0.29 per share to shareholders holding their shares as of the close of the business hours on the record date of February 05. Over the past 12 months, SLB has paid out a total of $1.10 per share in dividends. Based on the total dividends paid out last year, SLB boasts an impressive trailing yield of 2.68% on the current share price of $41.09.

Crypto Market Highlights

• Indian crypto exchange WazirX warns that repayments from its $235 million hack could be delayed until 2030 if creditors don’t approve its restructuring plan.

• Coinbase urges US regulators to confirm that banks can freely offer services to crypto businesses.

• Investigators, ZachXBT and tanuki42 accuse Coinbase of ignoring security vulnerabilities and scams that cost investors millions monthly.

• THORChain’s node operators approve a proposal to convert defaulted debt into equity to address liquidity issues.

• Layer-1 blockchain Hyperliquid surpasses Ethereum in seven-day revenues, as per DefiLlama data.

Most Shorted Stocks

Solaredge Technologies Inc (SEDG) was one of the most shorted stocks as of latest short interest figures, with 38.84% 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 4.2. This represents a change of 110000 shares, which corresponds to a +0.49% increase in short interest. The total value of the shares held short is estimated to be around $320.32 million. The average daily volume stands at 5.30M shares, and the market capitalization of the company is $824.63M.

The Plug Power Inc with the symbol PLUG currently has a short interest of 26.17%. The short interest has changed by 33590000 shares. The days to cover ratio stands at 3.6. The estimated value of the shares held short is approximately $481.69 million. On an average day, 69.80M shares are traded, with the company's market capitalization totaling $1.84B.

For the stock Coherus Biosciences Inc (CHRS), the current short interest is at 25.71%. This represents a significant short interest change of -930000 shares, corresponding to a short interest percentage decrease of -3.03%. The days needed to cover the short positions amount to 6.0. The approximate worth of the shares held short is $36.05 million.

With the symbol STAF, the stock currently has a short interest of 30.45%. The short interest change is 406900 shares, compared with a short interest percentage change of +3,950.49%. It would take approximately 0.3 days to cover all the short positions. The shares short value is estimated to be around $97.71 million. The company boasts an average daily volume of 1.30M shares, contributing to a market capitalization of $5.02M.

The stock APLD has a current short interest of 35.54%. The short interest percentage has experienced increase of +15.05% while there was a change of 7390000 shares in short interest. The ratio indicating the time required to cover short positions is 3.0. The calculated worth of the shorted shares amounts to around $3.13 million. Trading activity averages at 19.67M shares per day, while the company's market capitalization stands at $1.68B.

EV Stocks to Watch

According to our ST Score evaluation, Skyworks Solutions, Inc (SWKS) emerges as a high-quality stock in the EV industry, attaining an impressive score of 52. The stock's profitability, financial strength, and Piotroski Score are strong. However, its performance, and growth are weak. Additionally, it is neutral in terms of stock sentiment, and forecast.

Our ST Score also classifies Cirrus Logic, Inc (CRUS) as a high-quality EV stock today, presenting a Score of 60. The stock has strong fundamentals in terms of profitability, financial strength, and Piotroski Score. However, it has weak growth. The performance, stock sentiment, and forecast are neutral.

Another stock in the category, BorgWarner Inc (BWA) 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 Piotroski Score but weak in financial strength. Growth, stock sentiment, and forecast suggest a neutral outlook.

Honda Motor ADR (HMC) stock has the ST Score of 55 which implies that the EV 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, and financial strength. However, it shows neutral outlook in stock sentiment, and forecast.

Enersys (ENS) currently has the ST Score of 54, which signifies a huge upward potential. The EV stock's strong points are its profitability, and Piotroski Score, while its weak points are its growth. The stock's performance, 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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