Afternoon Update: Big EV Climbers & $10 Stocks Heating Up

Stocks climbed on Tuesday, continuing the positive momentum as markets aim for back-to-back gains during the holiday week.

As of 11:30 AM ET, the Dow was up 191.4 points, or 0.4461%, at $43098.36. The Nasdaq Composite added 219.87 points, or 1.0225%, at $21723.0433. The S&P 500 rose 42.54 points, or 0.7121%, at $6016.62. Among the 11 major S&P 500 sectors, 11 showed positive movement, with Consumer Cyclical leading the way with a 1.08% increase.

Tuesday marks the beginning of the seasonal Santa Claus Rally, a historically strong period for the market. Since 1950, the S&P 500 has averaged a 1.3% return during the last five trading days of the year and the first two of January, far outpacing the average seven-day return of 0.3%, according to LPL Research.

In other news, American Airlines shares saw volatility after the carrier temporarily grounded all U.S. flights due to a technical issue on one of the busiest travel days of the year.

Top Movers: Under $10

Jet.AI Inc (JTAI) is up 86.99% today to trade at the current level of $6.39. This comes after the company announced the launch of its cutting-edge agentic AI model, “Ava,” who books private jets.

Clearmind Medicine Inc (CMND) zoomed 34.42% in today’s trade to $1.64 after announcing that it has received Institutional Review Board (IRB) approval for its Phase I/IIa clinical trial of CMND-100, targeting alcohol use disorder (AUD).

In current trading, Carmell Corp (CTCX) stock is at $0.29 following the announcement of PIPE Investment from existing and new Investors to support commercial build-out.

MultiPlan Corp (MPLN) rose 66.40% in the early hours of today's trading to move at $10.45. The company announced a comprehensive refinancing to extend the maturities of its entire debt capital structure.

In the current trading session, NeueHealth Inc (NEUE) jumped 69.84% to $7.32 over a previous close of $4.31 after announcing that it has entered into a definitive merger agreement pursuant to which the Company will be acquired by an affiliate of New Enterprise Associates at an enterprise value of approximately $1.3 billion.

Ex-Dividends Stocks

Getty Realty Corp (GTY) is about to trade ex-dividend Thursday, meaning that investors who buy the stock after Thursday will not be eligible for the next dividend payment. The company's next dividend payment will be $0.47 per share. The company has fixed December 26 as the record date for the same and will pay the actual dividend on January 09. Last year, the company distributed a total of $1.80 to its shareholders. Based on the last year's worth of payments, GTY has a trailing yield of 5.90% on the current stock price of $30.51.

Shares of Southwest Airlines Co (LUV) will be the talk of stock market on Thursday as the stock will turn ex-dividend. The company's next dividend payment will be $0.18 per share, and in the last 12 months, the company paid a total of $0.72 per share. Last year's total dividend payments show that LUV has a trailing yield of 2.12% on the current share price of $34.01.

Altria Group Inc (MO) is also set to go ex-dividend Thursday. The next dividend payment from MO will amount to $1.02 per share. December 26 has been designated as the record date for this dividend, with the actual payout scheduled for January 10. In the previous year, MO distributed a total of $3.96 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for MO stands at 7.40% based on the current stock price of $53.51.

Philip Morris International Inc (PM) will be paying out a dividend of $1.35 per share to shareholders holding their shares as of the close of the business hours on the record date of December 26. Over the past 12 months, PM has paid out a total of $5.25 per share in dividends. Based on the total dividends paid out last year, PM boasts an impressive trailing yield of 4.27% on the current share price of $122.84.

Crypto Market Highlights

• A survey by eToro revealed that many retail investors in the UAE plan to increase crypto asset investments in 2025, with 54% listing financial goals as their primary New Year's resolutions.

• The Russian government approved a ban on cryptocurrency mining in 10 regions starting January 1, 2025, with a six-year ban lasting until March 15, 2031.

• Bitcoin miner TeraWulf will lease over 70 megawatts of data center infrastructure to expand its artificial intelligence revenue amid rising Bitcoin mining costs.

• Crypto payments firm MoonPay is considering acquiring crypto e-commerce platform Helio Pay for approximately $150 million.

• Crypto.com has launched an institutional cryptocurrency custody service in the U.S. as part of a plan to expand its presence in the country.

Most Shorted Stocks

The Chart Industries Inc with the symbol GTLS currently has a short interest of 19.78%. The short interest has changed by -590000 shares. The days to cover ratio stands at 10.2. The estimated value of the shares held short is approximately $1.62 billion. On an average day, 826.86K shares are traded, with the company's market capitalization totaling $8.18B.

For the stock Hims & Hers Health Inc (HIMS), the current short interest is at 24.04%. This represents a significant short interest change of 3100000 shares, corresponding to a short interest percentage increase of +7.84%. The days needed to cover the short positions amount to 2.7. The approximate worth of the shares held short is $1.2 billion.

With the symbol AI, the stock currently has a short interest of 19.19%. The short interest change is 2000000 shares, compared with a short interest percentage change of +8.78%. It would take approximately 4.5 days to cover all the short positions. The shares short value is estimated to be around $1.52 billion. The company boasts an average daily volume of 6.75M shares, contributing to a market capitalization of $4.61B.

The stock EDIT has a current short interest of 19.46%. The short interest percentage has experienced increase of +0.94% while there was a change of 150000 shares in short interest. The ratio indicating the time required to cover short positions is 7.2. The calculated worth of the shorted shares amounts to around $30.47 million. Trading activity averages at 2.47M shares per day, while the company's market capitalization stands at $101.54M.

EV Stocks to Watch

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

Our ST Score also classifies BorgWarner Inc (BWA) as a high-quality EV stock today, presenting a Score of 56. The stock has strong fundamentals in terms of profitability, and Piotroski Score. However, it has weak financial strength. The performance, growth, stock sentiment, and forecast are neutral.

Another stock in the category, Li Auto Inc ADR (LI) has the ST Score of 56, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, financial strength, and Piotroski Score. Growth, stock sentiment, and forecast suggest a neutral outlook.

Blink Charging Co (BLNK) stock has the ST Score of 50 which implies that the EV company has a high probability of beating the market. The stock's strengths lie in its growth, and financial strength, but its weaknesses are in its profitability, and performance. However, it shows neutral outlook in stock sentiment, Piotroski Score, and forecast.

EVgo Inc (EVGO) currently has the ST Score of 51, which signifies a huge upward potential. The EV stock's strong points are its performance, and financial strength, while its weak points are its profitability, growth, stock sentiment, and forecast. The stock's Piotroski Score indicate a neutral outlook.

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

Best Regards,

Stocks Telegraph Team

P.S. Want my daily watchlists sent to your cell phone too? Join our WhatsApp Exclusive Community for real-time alerts on hot stocks. Stay ahead with instant updates and exclusive insights!