Budget Buys: Today's Hottest Stocks Under $5!

US stocks moved down during mid-day trading on Tuesday as investors weighed concerns about a slowing economy following weaker-than-expected job growth last week. Last Friday, data from the US Labor Department revealed a rise in unemployment during August, coupled with a moderation in wage gains. These indicators suggest a cooling trend in the previously robust labor market.

However, Goldman Sachs sees a 15% chance of a US recession, as it believes inflation can be brought under control without a major economic contraction.

The S&P 500 declined on Tuesday, the first trading day of a holiday-shortened week, as investors weighed the impact of rising crude oil prices. Airline and cruise stocks were under pressure as oil prices rose, with American Airlines, United Airlines, Delta Air Lines, and Royal Caribbean all down more than 1%.

At 11:30 AM ET, the Dow was down -60.54 points, or -0.17%, at 34777.17. The Nasdaq Composite lost -8.25 points, or -0.06%, at 14023.57. The S&P 500 declined -8.92 points, or -0.2%, at 4506.85. Among the 11 major S&P 500 sectors, 8 showed negative movement, with Utilities leading the way with a -2.0% decrease.

Top Movers: Under $5

Verb Technology Company Inc. (VERB) is up 126.42% today to trade at the current level of $1.62. This comes after the news of its successful technology integration and strategic alliance with TikTok, sending its stock price soaring.

Cellectar Biosciences Inc. (CLRB) zoomed 25.82% in today’s trade to $2.29 after declaring a $102.9 million private placement deal with institutional investors, including an initial $24.5 million investment at $1.82 per share.

In current trading, GD Culture Group Limited (GDC) stock is at $3.32 after revealing that AI Catalysis has launched an interactive livestreaming game on TikTok.

Yoshiharu Global Co. (YOSH) rose 18.11% in the early hours of today's trading to move at $0.45. The strong performance of YOSH stock came as investors were encouraged by the news that its board of directors has approved a share repurchase authorization of up to $1,000,000 worth of the Company's common stock.

In the current trading session, Addentax Group Corp. (ATXG) jumped 17.24% to $2.38 over a previous close of $2.03. The company announced that initiated strategic discussions with Xianglilai to integrate advanced lithium batteries into logistics and autonomous new energy vehicles.

Ex-Dividends Stocks

American Assets Trust Inc. (AAT) 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 $0.33 per share. The company has fixed September 07 as the record date for the same and will pay the actual dividend on September 21. Last year, the company distributed a total of $1.32 to its shareholders. Based on the last year's worth of payments, AAT has a trailing yield of 6.28% on the current stock price of $21.03.

Another stock that is shelling out dividends tomorrow is Autoliv Inc. (ALV), having a market capitalization of $8.29B. It will pay a dividend of $0.66 per share, the payment date of which is September 22. Currently, the stock is trading at a trailing dividend yield of 2.69%.

Shares of Amcor plc (AMCR) will be the talk of stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.12 per share, and in the last 12 months, the company paid a total of $0.49 per share. Last year's total dividend payments show that AMCR has a trailing yield of 5.13% on the current share price of $9.55.

Hibbett Inc. (HIBB) is also set to go ex-dividend tomorrow. The next dividend payment from HIBB will amount to $0.25 per share. September 07 has been designated as the record date for this dividend, with the actual payout scheduled for September 19. In the previous year, HIBB distributed a total of $1.00 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for HIBB stands at 2.17% based on the current stock price of $46.09.

Kimco Realty Corporation (KIM) will be paying out a dividend of $0.23 per share to shareholders holding their shares as of the close of the business hours on the record date of September 07. Over the past 12 months, KIM has paid out a total of $0.92 per share in dividends. Based on the total dividends paid out last year, KIM boasts an impressive trailing yield of 4.93% on the current share price of $18.65.

Crypto Market Highlights

Most Shorted Stocks

ChargePoint Holdings Inc. (CHPT) was one of the most shorted stocks as of latest short interest figures, with 24.95% 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 6.1. The change of 420000 shares corresponds to a +0.64%% increase in short interest. The total value of the shares held short is estimated to be around $485.54 million. The average daily volume stands at 10.40M shares, and the market capitalization of the company is $2.50B.

The Enliven Therapeutics Inc. with the symbol ELVN currently has a short interest of 24.78%. The short interest has changed by -60000 shares. The days to cover ratio stands at 24.2. The estimated value of the shares held short is approximately $89.68 million. On an average day, 210.16K shares are traded, with the company's market capitalization totaling $663.80M.

For the stock Nuvve Holding Corp. (NVVE), the current short interest is at 24.83%. This represents a significant short interest change of -190000 shares, corresponding to a short interest percentage decrease of -14.62%%. The days needed to cover the short positions amount to 1.2. The approximate worth of the shares held short is $0.53 million.

The stock CPE has a current short interest of 25.11%. The short interest percentage has experienced increase of +6.98%% while there was a change of 860000 shares in short interest. The ratio indicating the time required to cover short positions is 8.4. The calculated worth of the shorted shares amounts to around $577.78 million. Trading activity averages at 1.59M shares per day, while the company's market capitalization stands at $2.67B.

EV Stocks to Watch

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

Our ST Score also classifies Toyota Motor Corporation (TM) as a high-quality EV stock today, presenting a Score of 57.0. The stock has strong fundamentals in terms of profitability, performance, and Piotroski Score. However, it has weak growth, and financial strength. The value, stock sentiment, and forecast are neutral.

Another stock in the category, Cirrus Logic Inc. (CRUS) has the ST Score of 55.0, which means that the stock carries the potential for higher returns. The stock is strong in profitability, financial strength, stock sentiment, and Piotroski Score but weak in performance, and growth. Value, and forecast suggest a neutral outlook.

Aehr Test Systems (AEHR) stock has the ST Score of 54.0 which implies that the EV company has a high probability of beating the market. The stock's strengths lie in its profitability, financial strength, stock sentiment, and forecast, but its weaknesses are in its value. However, it shows neutral outlook in performance, growth, and Piotroski Score.

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