Bargain Hunters' Alert: Stocks Poised to Pop Under $10!

On the final trading day of the month and quarter, stock markets experienced an early rise following the release of data indicating a notable slowdown in August's inflation rate, as measured by the Federal Reserve's preferred indicator.

At 11:39 AM ET, the Dow was down -42.0312 points, or -0.1248%, at $33624.31. The Nasdaq Composite added 75.6777 points, or 0.5147%, at $14778.443. The S&P 500 rose 8.23 points, or 0.1914%, at $4307.93. Among the 11 major S&P 500 sectors, 10 showed negative movement, with Energy leading the way with a -0.97% decrease.

Investors demonstrated resilience in the face of looming concerns about a possible federal government shutdown this weekend. The White House issued instructions to its staff to prepare for potential furloughs.

Meanwhile, the House of Representatives is anticipated to vote on a short-term spending plan today, albeit encountering significant opposition from conservative hardliners.

Early trading on Friday saw oil futures edging upwards, while the dollar continued its recent decline, following a slip observed in the previous day. Concurrently, bond yields experienced a slight dip.

Yesterday, stock markets registered gains as the pressure stemming from a strengthening dollar, surging oil prices, and climbing bond yields eased somewhat.

Top Movers: Under $10

Opgen Inc (OPGN) is up 110.25% today to trade at the current level of $0.42. This comes after the company withdrew a share offering.

SeaStar Medical Holding Corp (ICU) zoomed 49.57% in today’s trade to $0.28 following the receipt of the FDA Breakthrough Device Designation for its selective Cytopheretic device for Cardiorenal Syndrome.

In current trading, GigaCloud Technology Inc (GCT) stock is at $8.76. The company strongly refuted a report by Culper Research, labeling it as lacking merit and containing defamatory and misleading statements, assuring investors of forthcoming disclosures and measures to protect shareholder interests.

Capstone Green Energy Corp. (CGRN) rose 32.00% in the early hours of today's trading to move at $0.66.The company recently declared that it has entered into transaction support agreement with Senior Secured Lender.

In the current trading session, Novo Integrated Sciences Inc (NVOS) jumped 51.94% to $0.31 over a previous close of $0.20 after announcing that Novo and Blacksheep Trust have signed a One Billion Dollar Master Collateral Transfer Agreement (the “Master Agreement”) for the purpose and general use of monetization by Novo for a period of up to 15 years.

Ex-Dividends Stocks

Brixmor Property Group Inc (BRX) is about to trade ex-dividend Monday, meaning that investors who buy the stock after Monday will not be eligible for the next dividend payment. The company's next dividend payment will be $0.26 per share. The company has fixed October 03 as the record date for the same and will pay the actual dividend on October 16. Last year, the company distributed a total of $1.05 to its shareholders. Based on the last year's worth of payments, BRX has a trailing yield of 4.97% on the current stock price of $21.03.

Another stock that is shelling out dividends on Monday is Cardinal Health Inc. (CAH), having a market capitalization of $21.92B. It will pay a dividend of $0.5 per share, the payment date of which is October 15. Currently, the stock is trading at a trailing dividend yield of 2.31%.

Shares of Esco Technologies Inc. (ESE) will be the talk of stock market on Monday as the stock will turn ex-dividend. The company's next dividend payment will be $0.08 per share, and in the last 12 months, the company paid a total of $0.32 per share. Last year's total dividend payments show that ESE has a trailing yield of 0.30% on the current share price of $106.77.

Shoe Carnival Inc. (SCVL) is also set to go ex-dividend on Monday. The next dividend payment from SCVL will amount to $0.12 per share. October 03 has been designated as the record date for this dividend, with the actual payout scheduled for October 17. In the previous year, SCVL distributed a total of $0.40 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for SCVL stands at 1.64% based on the current stock price of $24.39.

Upbound Group Inc (UPBD) will be paying out a dividend of $0.34 per share to shareholders holding their shares as of the close of the business hours on the record date of October 03. Over the past 12 months, UPBD has paid out a total of $1.38 per share in dividends. Based on the total dividends paid out last year, UPBD boasts an impressive trailing yield of 4.62% on the current share price of $29.90.

Crypto Market Highlights

Most Shorted Stocks

Lovesac Company (LOVE) was one of the most shorted stocks as of latest short interest figures, with 35.03% 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 15.1. This represents a change of 170000 shares, which corresponds to a +3.77% increase in short interest. The total value of the shares held short is estimated to be around $92.9 million. The average daily volume stands at 310.55K shares, and the market capitalization of the company is $302.12M.

The Sunpower Corp with the symbol SPWR currently has a short interest of 34.80%. The short interest has changed by 3340000 shares. The days to cover ratio stands at 5.2. The estimated value of the shares held short is approximately $188.05 million. On an average day, 5.81M shares are traded, with the company's market capitalization totaling $1.10B.

For the stock Cassava Sciences Inc (SAVA), the current short interest is at 34.80%. This represents a significant short interest change of 360000 shares, corresponding to a short interest percentage increase of +2.70%. The days needed to cover the short positions amount to 14.8. The approximate worth of the shares held short is $230.02 million.

The stock LMND has a current short interest of 31.94%. The short interest percentage has experienced increase of +1.17% while there was a change of 180000 shares in short interest. The ratio indicating the time required to cover short positions is 10.5. The calculated worth of the shorted shares amounts to around $62.76 million. Trading activity averages at 1.51M shares per day, while the company's market capitalization stands at $817.41M.

Energy Stocks to Watch

According to our ST Score evaluation, DHT Holdings Inc (DHT) emerges as a high-quality stock in the Energy industry, attaining an impressive score of 69.0. The stock's growth, financial strength, stock sentiment, and Piotroski Score are strong. Additionally, it is neutral in terms of value, profitability, performance, and forecast.

Our ST Score also classifies Imperial Petroleum Inc (IMPP) as a high-quality Energy stock today, presenting a Score of 65.0. The stock has strong fundamentals in terms of valuation, financial strength, and Piotroski Score. The profitability, performance, growth, stock sentiment, and forecast are neutral.

Another stock in the category, Torm Plc (TRMD) has the ST Score of 65.0, which means that the stock carries the potential for higher returns. The stock is strong in valuation, profitability, financial strength, stock sentiment, and Piotroski Score. Performance, growth, and forecast suggest a neutral outlook.

RPC Inc. (RES) stock has the ST Score of 63.0 which implies that the Energy company has a high probability of beating the market. The stock's strengths lie in its profitability, financial strength, and Piotroski Score, but its weaknesses are in its growth. However, it shows neutral outlook in value, performance, stock sentiment, and forecast.

Teekay Corp (TK) currently has the ST Score of 64.0, which signifies a huge upward potential. The Energy stock's strong points are its valuation, financial strength, and Piotroski Score, while its weak points are its growth. The stock's profitability, performance, stock sentiment, and forecast indicate a neutral outlook.

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