- Stocks Telegraph
- Posts
- Aug - 16 - ST- Midday Newsletter
Aug - 16 - ST- Midday Newsletter
Your Investor Advantage: Today’s Must-Watch Stocks!
The Newsheater daily Mid-Day newsletter is powered by Stocks Telegraph
Good Afternoon!U.S. stocks traded mostly lower midway through trading on Wednesday as investors were busy reading earnings reports from retailers and housing market data. They were also waiting for the release of minutes from the Federal Reserve's July meeting, expected at 2 p.m. ET.The month of August has witnessed a decline in stock performance attributed to the impact of elevated bond yields.Notably, insurance stocks experienced an upward trajectory, buoyed by encouraging July premium figures from Progressive. The company's shares registered an impressive gain of approximately 9%.The number of new homes built in the United States went up by 3.9% in July, according to the U.S. Census Bureau.At 12:53 PM ET, the Dow was down -10.67 points, or -0.03%, at 34935.72. The Nasdaq Composite lost -88.25 points, or -0.65%, at 13542.8. The S&P 500 declined -9.53 points, or -0.21%, at 4428.33. Among the 11 major S&P 500 sectors, 6 showed negative movement, with Communication Services leading the way with a -1.1% decrease.
Free Report: Three of the Top NASDAQ Stocks to Buy Under $10
These stocks are flying well under the radar. But that may not be the case for long. The market may simply be overlooking a red-hot opportunity -- as they're doing with these three stocks.
Sponsored
Top Movers: Under $10
Tivic Health Systems Inc. (TIVC) is up 43.82% today to trade at the current level of $0.05. This comes after company’s funded research at The Feinstein Institutes gained Institutional Review Board ("IRB") approval. The study is now enrolling participants for its innovative non-invasive bioelectronic vagus nerve stimulation approach.
Sonnet BioTherapeutics Holdings Inc. (SONN) zoomed 11.59% in today’s trade to $0.37. This rally can be attributed to news that FDA accepted the Company's IND for the SB221 clinical trial of SON-1010 combined with Atezolizumab in the US.
In current trading, JX Luxventure Limited (JXJT) stock is at $1.85 following release of financial results for the six months ended June 30, 2023: The Company achieved profitability in 2023 with net profit increase of $21,878,422 and earnings per share increase of $25.89 from 2022
Rackspace Technology Inc. (RXT) rose 13.96% in the early hours of today's trading to move at $2.53. The company announced its participation at VMware Explore, VMware's flagship multicloud event held August 21-24 in Las Vegas.
In the current trading session, COMPASS Pathways plc (CMPS) jumped 9.42% to $8.36 over a previous close of $7.64 after announcing up to $285 million private placement financing joined by leading healthcare investors.
Revolutionary Company Could Disrupt The Entertainment Industry
Uncover the potential of this Entertainment company.
A Dawson James Securities analyst set a $10.00 target for this company signaling a 314% potential upside from its closing price of $2.41 on 6/9/2023.
A move to that target isn't certain, but when an analyst provides such a target, it's definitely worth noting quickly.
Would you like to know the name of this company?
Sponsored
Ex-Dividends Stocks
Amgen Inc. (AMGN) 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 $2.13 per share. The company has fixed August 18 as the record date for the same and will pay the actual dividend on September 08. Last year, the company distributed a total of $8.52 to its shareholders. Based on the last year's worth of payments, AMGN has a trailing yield of 3.20% on the current stock price of $266.50.
Another stock that is shelling out dividends tomorrow is Apollo Global Management Inc. (APO), having a market capitalization of $45.76B. It will pay a dividend of $0.43 per share, the payment date of which is August 31. Currently, the stock is trading at a trailing dividend yield of 2.06%.
Shares of Avista Corporation (AVA) will be the talk of stock market on Thursday as the stock will turn ex-dividend. The company's next dividend payment will be $0.46 per share, and in the last 12 months, the company paid a total of $1.84 per share. Last year's total dividend payments show that AVA has a trailing yield of 5.38% on the current share price of $34.22.
Barrett Business Services Inc. (BBSI) is also set to go ex-dividend tomorrow. The next dividend payment from BBSI will amount to $0.3 per share. August 18 has been designated as the record date for this dividend, with the actual payout scheduled for September 01. In the previous year, BBSI distributed a total of $1.20 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for BBSI stands at 1.25% based on the current stock price of $96.38.
Bath & Body Works Inc. (BBWI) will be paying out a dividend of $0.2 per share to shareholders holding their shares as of the close of the business hours on the record date of August 18. Over the past 12 months, BBWI has paid out a total of $0.80 per share in dividends. Based on the total dividends paid out last year, BBWI boasts an impressive trailing yield of 2.11% on the current share price of $37.93.
Our Top 4 "Cheap Stocks" for the Rest of 2023
The stock market has had a fantastic first half of 2023, with historic gains for the Nasdaq in particular.
And our analysts have uncovered 4 "cheap stocks" that could benefit from bullish conditions heading into the back half of the year.
A small move in share price can go a long way with these four.
Sponsored
Crypto Market Highlights
Coinbase has gained approval from the National Futures Association (NFA) to offer crypto futures investments to eligible US customers. The company can now operate as a Futures Commission Merchant (FCM) platform, as announced on August 16th.ZetaChain, a leading layer-1 network, secured $27 million for its cross-blockchain platform. Major investors include Blockchain.com, Human Capital, Vy Capital, and more.ConsenSys has launched Linea, an Ethereum scaling rollup, bringing on board 150 partners and bridging over $26 million in Ether to date.Ledger has teamed up with PayPal to integrate Ledger Live software, allowing verified US PayPal users to easily buy Bitcoin, Ether, Bitcoin Cash, and Litecoin directly through Ledger Live without extra verification.PayPal is adjusting its UK platform to meet local financial regulations. As a result, buying cryptocurrencies like Bitcoin is temporarily paused for UK customers as the company ensures compliance with new rules, according to a statement to Cointelegraph on August 16th.
His system isolated NVIDIA - Here's His Next Buy
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit.
Sponsored
Most Shorted Stocks
Encore Wire Corporation (WIRE) was one of the most shorted stocks as of latest short interest figures, with 34.17% 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 9.38. This represents a change of 566,690 shares, which corresponds to a 17.32% increase in short interest. The total value of the shares held short is estimated to be around $1.85 billion. The average daily volume stands at 243.81K shares, and the market capitalization of the company is $2.78B.
The Mallinckrodt plc with the symbol MNK currently has a short interest of 5.80%, an increase from the previous short interest level of 2.22%. The short interest has changed by 397,796 shares. The days to cover ratio stands at 1. The estimated value of the shares held short is approximately $6.21 million. On an average day, 4.99M shares are traded, with the company's market capitalization totaling $8.22M.
For the stock Helen of Troy Limited (HELE), the current short interest is at 33.97%, compared to the previous level of 34.04%. This represents a significant short interest change of 10,853 shares, corresponding to a short interest percentage decrease of -0.2%. The days needed to cover the short positions amount to 12.73. The approximate worth of the shares held short is $1.96 billion.
With the symbol MCRB, the stock currently has a short interest of 33.32%, showing an increase from the previous level of 32.93%. The short interest change is 363,988 shares, compared with a short interest percentage change of 1.64%. It would take approximately 15.39 days to cover all the short positions. The shares short value is estimated to be around $236.87 million. The company boasts an average daily volume of 2.54M shares, contributing to a market capitalization of $455.63M.
The stock AGL has a current short interest of 33.29%, lower than the previous short interest level of 31.78%. The short interest percentage has experienced decrease of -3.15% while there was a change of 1,237,572 shares in short interest. The ratio indicating the time required to cover short positions is 14.88. The calculated worth of the shorted shares amounts to around $2.05 billion. Trading activity averages at 3.62M shares per day, while the company's market capitalization stands at $7.42B.
WARNING: Mandatory U.S. Dollar Recall to Begin on September 20th?
If you have any U.S. dollars in your bank account…
You must see this shocking video exposing the government's new plan to recall the U.S. dollar.
According to Business Insider, this recall "could be imminent."
And if you don't prepare now, you could end up holding a bunch of worthless U.S. dollars.
Sponsored
AI Stocks to Watch
According to our ST Score evaluation, Cisco Systems Inc. (CSCO) emerges as a high-quality stock in the AI industry, attaining an impressive score of 58.0. The stock's profitability, performance, and Piotroski Score are strong. However, its value, and financial strength are weak. Additionally, it is neutral in terms of growth, stock sentiment, and forecast.
Our ST Score also classifies Alibaba Group Holding Limited (BABA) as a high-quality AI stock today, presenting an AI Score of 56.0. The stock has strong fundamentals in terms of profitability, performance, and Piotroski Score. However, it has weak value, and financial strength. The growth, stock sentiment, and forecast are neutral.
Another stock in the category, Autodesk Inc. (ADSK) has the ST Score of 57.0, 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 value, and financial strength. Stock sentiment, and forecast suggest a neutral outlook.
Taiwan Semiconductor Manufacturing Company Limited (TSM) stock has the ST Score of 55.0 which implies that the AI company has a high probability of beating the market. The stock's strengths lie in its profitability, growth, and Piotroski Score, but its weaknesses are in its value, and financial strength. However, it shows neutral outlook in performance, stock sentiment, and forecast.
Zoom Video Communications Inc. (ZM) currently has the ST Score of 56.0, which signifies a huge upward potential. The AI stock's strong points are its profitability, and financial strength, while its weak points are its performance, and stock sentiment. The stock's value, growth, Piotroski Score, and forecast 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? Just go HERE and join my text message list!
Disclaimer: Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside of these emails.