Dear Readers,

Stocks rose on Tuesday following a positive shift sparked by dovish comments from certain Federal Reserve officials. Investors are eagerly anticipating significant economic data and Federal Reserve Chairman Jerome Powell's upcoming speech later this week.

November has seen the S&P 500 surge by 8.5%, positioning it for its fourth most substantial monthly increase in the last ten years. The crucial focus for investors lies in the release of the core personal consumption expenditures price index, the Fed's favored inflation gauge, scheduled for Thursday.

A decrease in inflation indicators will likely bolster traders' confidence that the Federal Reserve has finished its rate hikes and will prompt a growing call for rate cuts to commence earlier in 2024.

Given these circumstances, Powell's upcoming fireside chat at Spelman College in Atlanta on Friday will be closely observed for any hints regarding the central bank's future strategies and mindset.

At 11:44 AM ET, the Dow was up 177.9102 points, or 0.5035%, at $35511.38. The Nasdaq Composite added 64.4736 points, or 0.4039%, at $16026.454. The S&P 500 rose 16.6797 points, or 0.3666%, at $4567.11. Among the 11 major S&P 500 sectors, 9 showed positive movement, with Materials leading the way with a 0.74% increase.

Top Movers: Under $10

HNR Acquisition Corp (HNRA) is up 80.35% today to trade at the current level of $3.12 following a business update, as the acquired entity reveals impressive financial results with $20.3 million in revenues and solid earnings for the nine months ended September 30, 2023.

Icecure Medical Ltd (ICCM) zoomed 72.80% in today’s trade to $1.28 on latest study release for ProSense®, confirming safety and efficacy in peer-reviewed journals.

In current trading, Fusion Fuel Green Ltd (HTOO) stock is at $1.10 after announcing strategic tranched financing from Belike Nominees Pty Ltd., a Macquarie Group Company.

Bitfarms Ltd. (BITF) rose 19.81% in the early hours of today's trading to move at $1.27. The company reported that it has placed a firm purchase order for 35,888 Bitmain T21 miners at a price of $2,660 per unit with deliveries scheduled from March 2024 to May 2024.

In the current trading session, ESGL Holdings Ltd (ESGL) jumped 27.45% to $1.14 over a previous close of $0.89 on a renewed contract with Singapore Refining Company Private Limited.

Ex-Dividends Stocks

Barrick Gold Corp. (GOLD) 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 $0.1 per share. The company has fixed November 30 as the record date for the same and will pay the actual dividend on December 15. Last year, the company distributed a total of $0.40 to its shareholders. Based on the last year's worth of payments, GOLD has a trailing yield of 2.35% on the current stock price of $17.12.

Another stock that is shelling out dividends tomorrow is Kinross Gold Corp. (KGC), having a market capitalization of $7.19B. It will pay a dividend of $0.03 per share, the payment date of which is December 14. Currently, the stock is trading at a trailing dividend yield of 2.05%.

Shares of Newmont Corp (NEM) will be the talk of stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.4 per share, and in the last 12 months, the company paid a total of $1.60 per share. Last year's total dividend payments show that NEM has a trailing yield of 4.03% on the current share price of $39.65.

CSX Corp. (CSX) is also set to go ex-dividend tomorrow. The next dividend payment from CSX will amount to $0.11 per share. November 30 has been designated as the record date for this dividend, with the actual payout scheduled for December 15. In the previous year, CSX distributed a total of $0.43 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for CSX stands at 1.35% based on the current stock price of $32.13.

Qualcomm, Inc. (QCOM) will be paying out a dividend of $0.8 per share to shareholders holding their shares as of the close of the business hours on the record date of November 30. Over the past 12 months, QCOM has paid out a total of $3.25 per share in dividends. Based on the total dividends paid out last year, QCOM boasts an impressive trailing yield of 2.56% on the current share price of $126.99.

Crypto Market Highlights

Most Shorted Stocks

Novavax, Inc. (NVAX) was one of the most shorted stocks as of latest short interest figures, with 37.81% 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 4.7. This represents a change of 1920000 shares, which corresponds to a +4.47% increase in short interest. The total value of the shares held short is estimated to be around $249.25 million. The average daily volume stands at 8.76M shares, and the market capitalization of the company is $658.69M.

The Upstart Holdings Inc with the symbol UPST currently has a short interest of 42.40%. The short interest has changed by 1940000 shares. The days to cover ratio stands at 4.6. The estimated value of the shares held short is approximately $752.19 million. On an average day, 5.59M shares are traded, with the company's market capitalization totaling $2.12B.

For the stock Ebix Inc. (EBIX), the current short interest is at 46.93%. This represents a significant short interest change of 2720000 shares, corresponding to a short interest percentage increase of +31.41%. The days needed to cover the short positions amount to 9.1. The approximate worth of the shares held short is $48.82 million.

The stock BYND has a current short interest of 43.83%. The short interest percentage has experienced increase of +7.69% while there was a change of 1900000 shares in short interest. The ratio indicating the time required to cover short positions is 13.6. Trading activity averages at 2.15M shares per day, while the company's market capitalization stands at $419.51M.

EV Stocks to Watch

According to our ST Score evaluation, Alphabet Inc (GOOG) emerges as a high-quality stock in the EV industry, attaining an impressive score of 63.0. The stock's profitability, performance, stock sentiment, and Piotroski Score are strong. However, its value are weak. Additionally, it is neutral in terms of growth, financial strength, and forecast.

Our ST Score also classifies Teck Resources Ltd (TECK) as a high-quality EV stock today, presenting a Score of 48.0. The stock has strong fundamentals in terms of profitability, and stock sentiment. However, it has weak financial strength. The value, performance, growth, Piotroski Score, and forecast are neutral.

Another stock in the category, Kandi Technologies Group Inc (KNDI) has the ST Score of 52.0, which means that the stock carries the potential for higher returns. The stock is strong in financial strength but weak in profitability, and forecast. Value, performance, growth, stock sentiment, and piotroski score suggest a neutral outlook.

Beam Global (BEEM) stock has the ST Score of 52.0 which implies that the EV company has a high probability of beating the market. The stock's strengths lie in its growth, financial strength, and stock sentiment, but its weaknesses are in its value, and profitability. However, it shows neutral outlook in performance, Piotroski Score, and forecast.

QuantumScape Corp (QS) currently has the ST Score of 50.0, which signifies a huge upward potential. The EV stock's strong points are its financial strength, and stock sentiment, while its weak points are its profitability, and Piotroski Score. The stock's value, performance, growth, and forecast indicate a neutral outlook.