Dear Readers,

Thursday morning saw stock markets oscillating between gains and losses as Treasury yields and oil prices experienced fluctuations.

As of 11:36 AM ET, the Dow was down -11.3906 points, or -0.0334%, at $34100.88. The Nasdaq Composite added 31.8838 points, or 0.2082%, at $15345.125. The S&P 500 rose 1.0903 points, or 0.0249%, at $4383.87. Among the 11 major S&P 500 sectors, 8 showed negative movement, with Energy leading the way with a -7.72% decrease.

The yield on 10-year Treasury notes rose after briefly dropping below 4.5%, marking the first occurrence in over a month. Oil prices, which had been on a downward trend throughout the week, stabilized. Bitcoin exhibited a notable surge, reaching nearly $38,000 for the first time since May 2022 before retracting.

Disney (DIS) shares climbed following the announcement of better-than-expected fiscal fourth-quarter earnings. The streaming service Disney+ saw a growth of 7 million subscribers in the quarter, marking its first period of expansion in almost a year.

In the previous session, the S&P 500 and Nasdaq recorded marginal gains, while the Dow slipped 0.1%, ending a seven-day winning streak.

Top Movers: Under $10

Intelligent Bio Solutions Inc (INBS) is up 200.79% today to trade at the current level of $0.68 following the release of its earnings report for its fiscal first quarter of 2024.

Astra Space Inc (ASTR) zoomed 72.97% in today’s trade to $1.28 after closing of additional debt financing.

In current trading, Honest Company Inc (HNST) stock is at $1.59 following the release of financial results for the three and nine months ended September 30, 2023.

Tempest Therapeutics Inc (TPST) rose 39.18% in the early hours of today's trading to move at $3.92. The company reported financial results for the third quarter ended September 30, 2023 and provided a corporate update.

In the current trading session, Virgin Galactic Holdings Inc (SPCE) jumped 26.21% to $1.97 over a previous close of $1.56 after reporting better-than-expected third-quarter sales.

Ex-Dividends Stocks

Apple Inc (AAPL) 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 $0.24 per share. The company has fixed November 13 as the record date for the same and will pay the actual dividend on November 16. Last year, the company distributed a total of $1.00 to its shareholders. Based on the last year's worth of payments, AAPL has a trailing yield of 0.55% on the current stock price of $183.88.

Another stock that is shelling out dividends tomorrow is American Financial Group Inc (AFG), having a market capitalization of $9.24B. It will pay a dividend of $1.5 per share, the payment date of which is November 22. Currently, the stock is trading at a trailing dividend yield of 7.70%.

Shares of United Parcel Service, Inc. (UPS) will be the talk of stock market on Friday as the stock will turn ex-dividend. The company's next dividend payment will be $1.62 per share, and in the last 12 months, the company paid a total of $6.45 per share. Last year's total dividend payments show that UPS has a trailing yield of 4.56% on the current share price of $141.56.

Capital One Financial Corp. (COF) is also set to go ex-dividend tomorrow. The next dividend payment from COF will amount to $0.6 per share. November 13 has been designated as the record date for this dividend, with the actual payout scheduled for November 24. In the previous year, COF distributed a total of $2.42 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for COF stands at 2.29% based on the current stock price of $105.56.

Delek US Holdings Inc (DK) will be paying out a dividend of $0.24 per share to shareholders holding their shares as of the close of the business hours on the record date of November 13. Over the past 12 months, DK has paid out a total of $0.91 per share in dividends. Based on the total dividends paid out last year, DK boasts an impressive trailing yield of 3.56% on the current share price of $25.59.

Crypto Market Highlights

Most Shorted Stocks

TG Therapeutics Inc (TGTX) was one of the most shorted stocks as of latest short interest figures, with 27.15% 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 7.2. This represents a change of 4700000 shares, which corresponds to a +14.46% increase in short interest. The total value of the shares held short is estimated to be around $384.75 million. The average daily volume stands at 5.43M shares, and the market capitalization of the company is $1.56B.

The GigaCloud Technology Inc with the symbol GCT currently has a short interest of 27.08%. The short interest has changed by -270000 shares. The days to cover ratio stands at 1.8. The estimated value of the shares held short is approximately $15.46 million. On an average day, 926.35K shares are traded, with the company's market capitalization totaling $405.91M.

For the stock Zynex Inc (ZYXI), the current short interest is at 25.19%. This represents a significant short interest change of 90000 shares, corresponding to a short interest percentage increase of +1.72%. The days needed to cover the short positions amount to 12.9. The approximate worth of the shares held short is $47.6 million.

The stock BMEA has a current short interest of 26.62%. The short interest percentage has experienced decrease of -6.55% while there was a change of -550000 shares in short interest. The ratio indicating the time required to cover short positions is 17.7. The calculated worth of the shorted shares amounts to around $100.95 million. Trading activity averages at 436.16K shares per day, while the company's market capitalization stands at $315.50M.

AI Stocks to Watch

According to our ST Score evaluation, BioNTech SE ADR (BNTX) emerges as a high-quality stock in the Biotech industry, attaining an impressive score of 62.0. The stock's valuation, profitability, financial strength, and Piotroski Score are strong. However, its growth are weak. Additionally, it is neutral in terms of performance, stock sentiment, and forecast.

Our ST Score also classifies Ocuphire Pharma Inc (OCUP) as a high-quality Biotech stock today, presenting a Score of 63.0. The stock has strong fundamentals in terms of valuation, profitability, and Piotroski Score. The performance, growth, financial strength, stock sentiment, and forecast are neutral.

Another stock in the category, Genmab ADR (GMAB) has the ST Score of 62.0, which means that the stock carries the potential for higher returns. The stock is strong in profitability, growth, financial strength, and Piotroski Score but weak in value. Performance, stock sentiment, and forecast suggest a neutral outlook.

Halozyme Therapeutics Inc. (HALO) stock has the ST Score of 61.0 which implies that the Biotech company has a high probability of beating the market. The stock's strengths lie in its profitability, growth, stock sentiment, and Piotroski Score, but its weaknesses are in its financial strength. However, it shows neutral outlook in value, performance, and forecast.

Catalyst Pharmaceuticals Inc (CPRX) currently has the ST Score of 60.0, which signifies a huge upward potential. The Biotech stock's strong points are its profitability, financial strength, and Piotroski Score. The stock's value, performance, growth, stock sentiment, and forecast indicate a neutral outlook.