Dear Readers,

Stocks rallied on Tuesday following positive sentiment around the latest U.S. consumer price index report.

As of 11:51 AM ET, the Dow was up 528.4297 points, or 1.5389%, at $34866.3. The Nasdaq Composite added 302.8106 points, or 1.9558%, at $15785.598. The S&P 500 rose 84.7002 points, or 1.92%, at $4496.25. Among the 11 major S&P 500 sectors, 10 showed positive movement, with Industrials leading the way with a 3.1% increase.

Home Depot's shares, boosted by better-than-expected third-quarter earnings, spearheaded gains for the Dow, surging by almost 6%. Enphase Energies, Boston Properties, and SolarEdge Technologies, each experiencing increases of over 9%, led the S&P 500 higher.

In contrast, Monday witnessed a mixed start for the major indexes as investors prepared for the report. The S&P 500 and Nasdaq Composite saw marginal declines of approximately 0.1% and 0.2%, respectively, while the Dow exhibited a modest gain of nearly 0.2%.

Top Movers: Under $10

BioCardia Inc. (BCDA) is up 210.75% today to trade at the current level of $1.24. The company moves forward with Phase III trials for its CardiAMP autologous cell therapy, having secured FDA approval for treating ischemic heart failure.

Theseus Pharmaceuticals Inc (THRX) zoomed 53.27% in today’s trade to $3.28. The company recently announced that it is conducting a process exploring strategic alternatives to maximize shareholder value.

In current trading, SuperCom Ltd (SPCB) stock is at $0.48 following the release of financial and operating results for the three and nine months ended September 30, 2023.

Hyzon Motors Inc (HYZN) rose 32.58% in the early hours of today's trading to move at $1.04 after announcing its third quarter 2023 financial and operational results.

In the current trading session, Trivago NV ADR (TRVG) jumped 25.82% to $0.64 over a previous close of $0.50 as it undergoes an ADS ratio shift, with each ADS now embodying five common shares.

Ex-Dividends Stocks

Chesapeake Energy Corp. (CHK) 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 $0.58 per share. The company has fixed November 16 as the record date for the same and will pay the actual dividend on December 06. Last year, the company distributed a total of $3.10 to its shareholders. Based on the last year's worth of payments, CHK has a trailing yield of 3.78% on the current stock price of $81.86.

Another stock that is shelling out dividends tomorrow is Marathon Petroleum Corp (MPC), having a market capitalization of $57.19B. It will pay a dividend of $0.83 per share, the payment date of which is December 11. Currently, the stock is trading at a trailing dividend yield of 2.08%.

Shares of Microsoft Corporation (MSFT) will be the talk of stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.75 per share, and in the last 12 months, the company paid a total of $2.94 per share. Last year's total dividend payments show that MSFT has a trailing yield of 0.79% on the current share price of $370.63.

SBA Communications Corp (SBAC) is also set to go ex-dividend tomorrow. The next dividend payment from SBAC will amount to $0.85 per share. November 16 has been designated as the record date for this dividend, with the actual payout scheduled for December 14. In the previous year, SBAC distributed a total of $3.43 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for SBAC stands at 1.46% based on the current stock price of $234.57.

Allient Inc (ALNT) will be paying out a dividend of $0.03 per share to shareholders holding their shares as of the close of the business hours on the record date of November 16. Over the past 12 months, ALNT has paid out a total of $0.12 per share in dividends. Based on the total dividends paid out last year, ALNT boasts an impressive trailing yield of 0.42% on the current share price of $27.25.

Crypto Market Highlights

Most Shorted Stocks

PureCycle Technologies Inc (PCT) was one of the most shorted stocks as of latest short interest figures, with 30.0% 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 17.01. The average daily volume stands at 2.89M shares, and the market capitalization of the company is $652.79M.

The Revolve Group Inc with the symbol RVLV currently has a short interest of 15.62%. The short interest has changed by 760000 shares. The days to cover ratio stands at 8.8. The estimated value of the shares held short is approximately $154.62 million. On an average day, 1.26M shares are traded, with the company's market capitalization totaling $1.01B.

For the stock Nuvve Holding Corp (NVVE), the current short interest is at 29.17%. This represents a significant short interest change of -1,962,120 shares. The days needed to cover the short positions amount to 1. With an average daily trading volume of 3.44M million shares, the company maintains a robust market capitalization of $6.92 million.

The stock ULCC has a current short interest of 31.57%. The short interest percentage has experienced decrease of -2.21% while there was a change of -280000 shares in short interest. The ratio indicating the time required to cover short positions is 5.4. Trading activity averages at 2.33M shares per day, while the company's market capitalization stands at $848.87M.

EV Stocks to Watch

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

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

Another stock in the category, Enersys (ENS) has the ST Score of 54.0, which means that the stock carries the potential for higher returns. The stock is strong in profitability, and performance but weak in financial strength. Value, growth, stock sentiment, piotroski score, and forecast suggest a neutral outlook.

NXP Semiconductors NV (NXPI) 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, performance, stock sentiment, and Piotroski Score, but its weaknesses are in its growth, and financial strength. However, it shows neutral outlook in value, and forecast.

Ford Motor Co. (F) currently has the ST Score of 52.0, which signifies a huge upward potential. The EV stock's strong points are its valuation, profitability, and Piotroski Score, while its weak points are its growth, and financial strength. The stock's performance, stock sentiment, and forecast indicate a neutral outlook.