Dear Readers,

Stocks exhibited early instability on Wednesday, putting their recent winning streak at risk. The S&P 500 recently celebrated its lengthiest winning run in two years with seven consecutive sessions of gains.

In contrast, the 10-year U.S. Treasury yield, which tends to decline as bond prices rise, has dropped from over 5% a few weeks ago to below 4.6%. As economic data remains sparse this week, traders are closely monitoring the bond market, with a $40 billion auction of 10-year Treasurys in the afternoon, testing demand for U.S. debt.

Early trading saw U.S. stock movements remain subdued, while Treasury yields experienced minimal changes, and the U.S. dollar strengthened for the third consecutive day, leading to a decline in the euro due to Germany's lowest inflation rate in over two years.

As of 12:13 PM ET, the Dow was down -127.7109 points, or -0.3739%, at $34024.89. The Nasdaq Composite lost -56.9287 points, or -0.3722%, at $15239.09. The S&P 500 declined -13.5601 points, or -0.3097%, at $4364.82. Among the 11 major S&P 500 sectors, 9 showed negative movement, with Energy leading the way with a -2.2% decrease.

Top Movers: Under $10

GAN Limited (GAN) is up 83.34% today to trade at the current level of $1.63. This comes after the company announced definitive agreement to be acquired by SEGA SAMMY CREATION.

Therealreal Inc (REAL) zoomed 34.78% in today’s trade to $2.17 after the company reported third quarter results.

In current trading, Personalis Inc (PSNL) stock is at $1.29 after revealing financial results for the third quarter ended September 30, 2023 and provided recent business highlights.

EVgo Inc (EVGO) rose 22.62% in the early hours of today's trading to move at $2.82 following the release of results for the third quarter ended September 30, 2023.

In the current trading session, Blade Air Mobility Inc (BLDE) jumped 31.25% to $2.98 over a previous close of $2.27. The company declared financial results for the third quarter ended September 30, 2023.

Ex-Dividends Stocks

American Electric Power Company Inc. (AEP) 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 $0.88 per share. The company has fixed November 10 as the record date for the same and will pay the actual dividend on December 08. Last year, the company distributed a total of $3.37 to its shareholders. Based on the last year's worth of payments, AEP has a trailing yield of 4.35% on the current stock price of $77.51.

Another stock that is shelling out dividends tomorrow is BP plc ADR (BP), having a market capitalization of $99.33B. It will pay a dividend of $0.43 per share, the payment date of which is December 19. Currently, the stock is trading at a trailing dividend yield of 4.82%.

Shares of Honeywell International Inc (HON) will be the talk of stock market on Thursday as the stock will turn ex-dividend. The company's next dividend payment will be $1.08 per share, and in the last 12 months, the company paid a total of $4.22 per share. Last year's total dividend payments show that HON has a trailing yield of 2.28% on the current share price of $184.82.

International Business Machines Corp. (IBM) is also set to go ex-dividend tomorrow. The next dividend payment from IBM will amount to $1.66 per share. November 10 has been designated as the record date for this dividend, with the actual payout scheduled for December 09. In the previous year, IBM distributed a total of $6.76 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for IBM stands at 4.56% based on the current stock price of $148.04.

Starbucks Corp. (SBUX) will be paying out a dividend of $0.57 per share to shareholders holding their shares as of the close of the business hours on the record date of November 10. Over the past 12 months, SBUX has paid out a total of $2.32 per share in dividends. Based on the total dividends paid out last year, SBUX boasts an impressive trailing yield of 2.22% on the current share price of $104.57.

Crypto Market Highlights

Most Shorted Stocks

Nanostring Technologies Inc (NSTG) was one of the most shorted stocks as of latest short interest figures, with 27.99% 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 8.5. This represents a change of -1610000 shares, which corresponds to a -11.62% decrease in short interest. The total value of the shares held short is estimated to be around $15.93 million. The average daily volume stands at 1.44M shares, and the market capitalization of the company is $61.82M.

The Wayfair Inc with the symbol W currently has a short interest of 19.82%. The short interest has changed by -390000 shares. The days to cover ratio stands at 6.3. The estimated value of the shares held short is approximately $1.07 billion. On an average day, 3.52M shares are traded, with the company's market capitalization totaling $5.47B.

For the stock SL Green Realty Corp. (SLG), the current short interest is at 27.46%. This represents a significant short interest change of 130000 shares, corresponding to a short interest percentage increase of +0.74%. The days needed to cover the short positions amount to 10.2. The approximate worth of the shares held short is $573.56 million.

The stock BLNK has a current short interest of 24.49%. The short interest percentage has experienced decrease of -10.10% while there was a change of -1850000 shares in short interest. The ratio indicating the time required to cover short positions is 7.5. Trading activity averages at 2.19M shares per day, while the company's market capitalization stands at $171.18M.

AI Stocks to Watch

According to our ST Score evaluation, Audiocodes (AUDC) emerges as a high-quality stock in the AI industry, attaining an impressive score of 57.0. The stock's profitability, financial strength, and stock sentiment are strong. However, its value are weak. Additionally, it is neutral in terms of performance, growth, Piotroski Score, and forecast.

Our ST Score also classifies Vertiv Holdings Co (VRT) as a high-quality AI stock today, presenting a Score of 56.0. The stock has strong fundamentals in terms of profitability, stock sentiment, and Piotroski Score. However, it has weak value, and financial strength. The performance, growth, and forecast are neutral.

Another stock in the category, Adobe Inc (ADBE) has the ST Score of 56.0, which means that the stock carries the potential for higher returns. The stock is strong in profitability, stock sentiment, and Piotroski Score but weak in value. Performance, growth, financial strength, and forecast suggest a neutral outlook.

Shutterstock Inc (SSTK) 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, and Piotroski Score, but its weaknesses are in its growth. However, it shows neutral outlook in value, performance, financial strength, stock sentiment, and forecast.

Digital Realty Trust Inc (DLR) currently has the ST Score of 54.0, which signifies a huge upward potential. The AI stock's strong points are its profitability, growth, and stock sentiment, while its weak points are its value. The stock's performance, financial strength, Piotroski Score, and forecast indicate a neutral outlook.