Dear Readers,

Stocks experienced an upswing on Wednesday, coinciding with Wall Street's anticipation of the Federal Reserve's impending policy decision on interest rates after a challenging month.

As of 11:46 AM ET, the Dow was up 110.1797 points, or 0.3333%, at $33163.05. The Nasdaq Composite added 110.0811 points, or 0.7639%, at $14519.864. The S&P 500 rose 23.7002 points, or 0.5651%, at $4217.5. Among the 11 major S&P 500 sectors, 8 showed positive movement, with Utilities leading the way with a 0.82% increase.

Meanwhile, the Treasury provided insights into its plans for the size of future bond sales, addressing growing concerns regarding the escalating U.S. government debt. These details aligned closely with traders' expectations, as the Treasury is set to conduct a $112 billion debt auction in the coming week, closely mirroring Wall Street's projections.

Furthermore, there was a notable drop in the 10-year Treasury yield, which fell below the 4.8% threshold, contributing to the positive performance of equities. Amid this financial backdrop, investors absorbed a deluge of economic data on Wednesday.

The ISM manufacturing index revealed that manufacturing activity contracted more significantly than anticipated in October. Simultaneously, the Job Openings and Labor Turnover Survey indicated a slight rise in job openings for September. In contrast, private sector payrolls in October fell short of expectations, as reported by the ADP on Wednesday.

Top Movers: Under $10

Cellectis ADR (CLLS) is up 132.99% today to trade at the current level of $2.26. This comes after the company announced an investment of $245 million from AstraZeneca (AZN).

Aldeyra Therapeutics Inc (ALDX) zoomed 46.78% in today’s trade to $2.51 after entering into an exclusive option agreement with AbbVie (ABBV).

In current trading, Monopar Therapeutics Inc (MNPR) stock is at $0.60. The company will present data from its ongoing Phase 1b open-label, dose-escalating clinical trial of camsirubicin in patients with advanced soft tissue sarcoma (ASTS) later today at the 2023 Connective Tissue Oncology Society (CTOS) Annual Meeting.

Ocular Therapeutix Inc (OCUL) rose 19.61% in the early hours of today's trading to move at $3.41 following the receipt of FDA agreement under special protocol assessment for its first pivotal clinical rrial of OTX-TKI in Wet AMD.

In the current trading session, Alight Inc. (ALIT) jumped 11.97% to $7.43 over a previous close of $6.64 after reporting third quarter results.

Ex-Dividends Stocks

Banco Bradesco S.A. ADR (BBD) 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 $0.0 per share. The company has fixed November 03 as the record date for the same and will pay the actual dividend on December 11. Last year, the company distributed a total of $0.19 to its shareholders. Based on the last year's worth of payments, BBD has a trailing yield of 6.74% on the current stock price of $2.83.

Another stock that is shelling out dividends tomorrow is CMS Energy Corporation (CMS), having a market capitalization of $15.89B. It will pay a dividend of $0.49 per share, the payment date of which is November 30. Currently, the stock is trading at a trailing dividend yield of 3.59%.

Shares of Sociedad Quimica Y Minera de Chile S.A. ADR (SQM) will be the talk of stock market on Thursday as the stock will turn ex-dividend. The company's next dividend payment will be $0.61 per share, and in the last 12 months, the company paid a total of $5.03 per share. Last year's total dividend payments show that SQM has a trailing yield of 10.52% on the current share price of $47.81.

MPLX LP (MPLX) is also set to go ex-dividend tomorrow. The next dividend payment from MPLX will amount to $0.85 per share. November 03 has been designated as the record date for this dividend, with the actual payout scheduled for November 13. In the previous year, MPLX distributed a total of $3.24 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for MPLX stands at 8.99% based on the current stock price of $36.04.

Costco Wholesale Corp (COST) will be paying out a dividend of $1.02 per share to shareholders holding their shares as of the close of the business hours on the record date of November 03. Over the past 12 months, COST has paid out a total of $3.92 per share in dividends. Based on the total dividends paid out last year, COST boasts an impressive trailing yield of 0.71% on the current share price of $553.96.

Crypto Market Highlights

Most Shorted Stocks

Cutera Inc (CUTR) was one of the most shorted stocks as of latest short interest figures, with 29.14% 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 6.3. This represents a change of 340000 shares, which corresponds to a +6.22% increase in short interest. The total value of the shares held short is estimated to be around $17.26 million. The average daily volume stands at 856.00K shares, and the market capitalization of the company is $59.22M.

The Lovesac Company with the symbol LOVE currently has a short interest of 30.99%. The short interest has changed by -260000 shares. The days to cover ratio stands at 13.3. The estimated value of the shares held short is approximately $68.81 million. On an average day, 331.14K shares are traded, with the company's market capitalization totaling $252.96M.

For the stock Longeveron Inc (LGVN), the current short interest is at 30.62%. This represents a significant short interest change of 999900 shares, corresponding to a short interest percentage increase of +232.48%. The days needed to cover the short positions amount to 4.3. The approximate worth of the shares held short is $2.89 million.

The stock ENVX has a current short interest of 30.46%. The short interest percentage has experienced decrease of -0.63% while there was a change of -250000 shares in short interest. The ratio indicating the time required to cover short positions is 7.4. The calculated worth of the shorted shares amounts to around $352.5 million. Trading activity averages at 4.86M shares per day, while the company's market capitalization stands at $1.44B.

AI Stocks to Watch

According to our ST Score evaluation, NICE Ltd ADR (NICE) emerges as a high-quality stock in the AI industry, attaining an impressive score of 58.0. The stock's profitability, stock sentiment, and Piotroski Score are strong. However, its growth are weak. Additionally, it is neutral in terms of value, performance, financial strength, and forecast.

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

Another stock in the category, Microsoft Corporation (MSFT) has the ST Score of 55.0, which means that the stock carries the potential for higher returns. The stock is strong in profitability, and Piotroski Score but weak in value. Performance, growth, financial strength, stock sentiment, and forecast suggest a neutral outlook.

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

AdTheorent Holding Company Inc (ADTH) currently has the ST Score of 55.0, which signifies a huge upward potential. The AI stock's strong points are its valuation, profitability, and financial strength, while its weak points are its growth, and stock sentiment. The stock's performance, Piotroski Score, and forecast indicate a neutral outlook.