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Biotech Edge: Fast-Moving Picks & $10 Growth Winners
Stocks Telegraph Team
January 30, 2025
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Stocks wavered Thursday as Wall Street processed mixed earnings from major tech companies and the Federal Reserve's decision to hold rates steady. The S&P 500 and Nasdaq Composite remained under pressure, while the Dow Jones Industrial Average was the only major index tracking for a weekly gain.
As of, 11:25 AM ET, the Dow was up 62.5195 points, or 0.1398%, at $44776.04. The Nasdaq Composite added 2.8457 points, or 0.0133%, at $21414.303. The S&P 500 rose 7.46 points, or 0.1235%, at $6046.77. Among the 11 major S&P 500 sectors, 6 showed positive movement, with Materials leading the way with a 1.61% increase.
Investors also reacted to weaker-than-expected fourth-quarter GDP growth, which came in at 2.3%, missing forecasts and adding to concerns about economic momentum. Meanwhile, Apple is set to report earnings later Thursday, with Amazon following next week, keeping the focus on the "Magnificent Seven" stocks.
Looking ahead, all eyes are on Friday’s personal consumption expenditures (PCE) price index report—the Fed’s preferred inflation gauge—which could offer fresh clues on the central bank’s next policy moves.
Copper just broke above $4.40 per pound with supply struggling to keep pace with rising demand in the clean energy transition.
Smart investors are piling into the best small-cap copper stocks with high-grade projects in ultra-safe, Tier-1 mining jurisdictions such as Canada.
This 10-cent small-cap is advancing its flagship Canadian project with around a billion pounds of copper already confirmed.
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Top Movers: Under $10
Alpha Modus Holdings Inc (AMOD) is up 167.43% today to trade at the current level of $4.12 as CEO William Alessi highlighted the company's strong fundamentals and growth strategy, responding to "uninformed speculation" in the market.
Kazia Therapeutics Limited ADR (KZIA) zoomed 55.42% in today’s trade to $2.14 after announcing the regulatory approval and launch of a clinical trial evaluating the combination of paxalisib and immunotherapy in patients with advanced breast cancer.
In current trading, Alterity Therapeutics Ltd ADR (ATHE) stock is at $4.20 after announcing positive topline results from the ATH434-201 randomized, double-blind, placebo-controlled Phase 2 clinical trial in patients with early-stage multiple system atrophy (MSA).
Butterfly Network Inc (BFLY) rose 18.52% in the early hours of today's trading to move at $4.16. The company announced pricing of $75.6 million public offering of common stock.
In the current trading session, Thumzup Media Corp (TZUP) jumped 12.78% to $4.01 over a previous close of $3.56 after announcing a significant expansion of its cryptocurrency strategy.
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Ex-Dividends Stocks
AES Corp (AES) 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 $0.18 per share. It has fixed January 31 as the record date for the same and will pay the actual dividend on February 14. Last year, the company distributed a total of $0.69 to its shareholders. Based on the last year's worth of payments, AES has a trailing yield of 6.17% on the current stock price of $11.18.
Shares of Fastenal Co (FAST) will be the talk of stock market on Friday as the stock will turn ex-dividend. The company's next dividend payment will be $0.43 per share, and in the last 12 months, it paid a total of $1.56 per share. Last year's total dividend payments show that FAST has a trailing yield of 2.09% on the current share price of $74.67.
Tomorrow, Alliant Energy Corp (LNT) is also set to go ex-dividend tomorrow. The next dividend payment from LNT will amount to $0.51 per share. January 31 has been designated as the record date for this dividend, with the actual payout scheduled for February 18. In the previous year, LNT distributed a total of $1.92 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for LNT stands at 3.24% based on the current stock price of $59.22.
Morgan Stanley (MS) will be paying out a dividend of $0.93 per share to shareholders holding their shares as of the close of the business hours on the record date of January 31. Over the past 12 months, MS has paid out a total of $3.55 per share in dividends. Based on the total dividends paid out last year, MS boasts an impressive trailing yield of 2.54% on the current share price of $139.64.
President Trump has declared steel the backbone of America's future, and one tiny East Coast company is already leading the charge.
With access to an unlimited supply of steel, this company has become a key player. Insiders and hedge funds are snapping up shares in anticipation of the Trump Superboom.
As demand for American steel skyrockets, this little-known stock could be positioned for massive gains.
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Crypto Market Highlights
The Czech National Bank (CNB) has responded to a proposal by Governor Aleš Michl to establish a $7 billion Bitcoin reserve, amid ongoing concerns from local authorities.
Grayscale launched a new exchange-traded fund (ETF) offering exposure to Bitcoin mining, expanding its crypto investment offerings.
Tether addressed European cryptocurrency regulations as exchanges like Crypto.com prepare to delist its USDt stablecoin in Europe starting tomorrow.
A Chinese court ruled that cryptocurrency exchange BKEX was involved in illegal gambling through its contract trading platform, sentencing several employees and agents to prison.
Tesla reported a $600 million gain from its Bitcoin holdings in Q4 2024, following new accounting rules allowing companies to record the market value of crypto.
Most Shorted Stocks
Hertz Global Holdings Inc (HTZ) was one of the most shorted stocks as of latest short interest figures, with 31.41% 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 7.8. This represents a change of 1010000 shares, which corresponds to a +2.40% increase in short interest. The total value of the shares held short is estimated to be around $186.11 million. The average daily volume stands at 5.54M shares, and the market capitalization of the company is $1.32B.
The SoundHound AI Inc with the symbol SOUN currently has a short interest of 30.98%. The short interest has changed by 20770000 shares. The days to cover ratio stands at 1.4. The estimated value of the shares held short is approximately $1.4 billion. On an average day, 73.27M shares are traded, with the company's market capitalization totaling $5.45B.
For the stock ChargePoint Holdings Inc (CHPT), the current short interest is at 30.51%. This represents a significant short interest change of 8250000 shares, corresponding to a short interest percentage increase of +7.27%. The days needed to cover the short positions amount to 6.8. The approximate worth of the shares held short is $123.02 million.
With the symbol QBTS, the stock currently has a short interest of 31.92%. The short interest change is 10270000 shares, compared with a short interest percentage change of +35.47%. It would take approximately 0.6 days to cover all the short positions. The shares short value is estimated to be around $712.53 million. The company boasts an average daily volume of 70.60M shares, contributing to a market capitalization of $1.82B.
The stock HIMS has a current short interest of 31.87%. The short interest percentage has experienced increase of +8.56% while there was a change of 4460000 shares in short interest. The ratio indicating the time required to cover short positions is 3.6. The calculated worth of the shorted shares amounts to around $1.31 billion. Trading activity averages at 16.44M shares per day, while the company's market capitalization stands at $7.30B.
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Biotech Stocks to Watch
According to our ST Score evaluation, Rigel Pharmaceuticals (RIGL) emerges as a high-quality stock in the Biotech industry, attaining an impressive score of 61. The stock's profitability, performance, growth, and Piotroski Score are strong. Additionally, it is neutral in terms of financial strength, stock sentiment, and forecast.
Our ST Score also classifies DiaMedica Therapeutics Inc (DMAC) as a high-quality Biotech stock today, presenting a Score of 60. The stock has strong fundamentals in terms of profitability, performance, and financial strength. However, it has weak growth. The stock sentiment, Piotroski Score, and forecast are neutral.
Another stock in the category, Ligand Pharmaceuticals, Inc (LGND) has the ST Score of 58, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, and financial strength but weak in growth. Stock sentiment, piotroski score, and forecast suggest a neutral outlook.
Coya Therapeutics Inc (COYA) stock has the ST Score of 57 which implies that the Biotech company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, and financial strength, but its weaknesses are in its growth. However, it shows neutral outlook in stock sentiment, Piotroski Score, and forecast.
Champions Oncology Inc (CSBR) currently has the ST Score of 57, which signifies a huge upward potential. The Biotech stock's strong points are its profitability, and performance, while its weak points are its financial strength, stock sentiment, and forecast. The stock's growth, and Piotroski Score indicate a neutral outlook.
That's it for today. Thanks for reading. Good luck out there!
Best Regards,
Stocks Telegraph Team
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