Dear Readers,

On Tuesday, the stock market showed limited activity as traders took a break after a strong rally on Wall Street at the beginning of November.

On Monday, stocks managed to achieve gains, particularly the tech-heavy Nasdaq, which recorded its seventh consecutive positive session, a feat not seen since January. Both the S&P 500 and the Dow Jones Industrial Average extended their winning streak for the sixth straight session.

Despite being early in November, all major stock market indices are on track to post monthly gains. The Dow has risen by 3.1%, while the S&P and Nasdaq have surged by 4.1% and 5.7%, respectively.

In other news, this week will see the release of quarterly results from Disney, Wynn Resorts, and Occidental Petroleum.

As of 11:46 AM ET, the Dow was up 93.9492 points, or 0.2755%, at $34189.81. The Nasdaq Composite added 154.8926 points, or 1.0221%, at $15309.819. The S&P 500 rose 16.5 points, or 0.3779%, at $4382.48. Among the 11 major S&P 500 sectors, 6 showed positive movement, with Information Technology leading the way with a 1.33% increase.

Top Movers: Under $10

PaxMedica Inc (PXMD) is up 116.72% today to trade at the current level of $6.61. This comes after the company announced the publication of research findings in the Annals of General Psychiatry.

Senti Biosciences Inc. (SNTI) zoomed 107.40% in today’s trade to $0.61 following the announcement a new strategic collaboration with Celest Therapeutics (Shanghai) Co. Ltd for the clinical development of SENTI-301A to treat solid tumors in China.

In current trading, Cardio Diagnostics Holdings Inc (CDIO) stock is at $0.98 after the company and Family Medicine Specialists (FMS) announced that FMS is implementing Cardio Diagnostics’ solutions to identify patients at risk for coronary heart disease (CHD) events including heart attacks.

Tharimmune Inc (THAR) rose 42.07% in the early hours of today's trading to move at $0.22 after announcing an exclusive worldwide licensing agreement with Avior.

In the current trading session, Wearable Devices Ltd (WLDS) jumped 24.64% to $0.91 over a previous close of $0.73. The company declared a new technology feature for the Mudra Band which allows users to control their Apple TV device using touchless hand movements, such as swiping fingers across as if they are using an imagined virtual Directional Pad, or D-pad.

Ex-Dividends Stocks

Olin Corp. (OLN) 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 $0.2 per share. The company has fixed November 09 as the record date for the same and will pay the actual dividend on December 08. Last year, the company distributed a total of $0.83 to its shareholders. Based on the last year's worth of payments, OLN has a trailing yield of 1.91% on the current stock price of $43.51.

Another stock that is shelling out dividends tomorrow is Peabody Energy Corp. (BTU), having a market capitalization of $2.95B. It will pay a dividend of $0.08 per share, the payment date of which is November 29. Currently, the stock is trading at a trailing dividend yield of 2.38%.

Shares of KB Home (KBH) will be the talk of stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.2 per share, and in the last 12 months, the company paid a total of $0.70 per share. Last year's total dividend payments show that KBH has a trailing yield of 1.36% on the current share price of $51.51.

Metlife Inc (MET) is also set to go ex-dividend tomorrow. The next dividend payment from MET will amount to $0.52 per share. November 09 has been designated as the record date for this dividend, with the actual payout scheduled for December 14. In the previous year, MET distributed a total of $2.04 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for MET stands at 3.41% based on the current stock price of $59.99.

Visa Inc (V) will be paying out a dividend of $0.52 per share to shareholders holding their shares as of the close of the business hours on the record date of November 09. Over the past 12 months, V has paid out a total of $2.09 per share in dividends. Based on the total dividends paid out last year, V boasts an impressive trailing yield of 0.85% on the current share price of $244.74.

Crypto Market Highlights

Most Shorted Stocks

Canada Goose Holdings Inc (GOOS) was one of the most shorted stocks as of latest short interest figures, with 28.60% 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 16.3. This represents a change of 540000 shares, which corresponds to a +3.80% increase in short interest. The total value of the shares held short is estimated to be around $150.79 million. The average daily volume stands at 1.09M shares, and the market capitalization of the company is $1.05B.

The Luminar Technologies Inc with the symbol LAZR currently has a short interest of 17.80%. The short interest has changed by 6940000 shares. The days to cover ratio stands at 13.7. The estimated value of the shares held short is approximately $247.38 million. On an average day, 4.89M shares are traded, with the company's market capitalization totaling $1.39B.

For the stock Encore Wire Corp. (WIRE), the current short interest is at 26.43%. This represents a significant short interest change of 20000 shares, corresponding to a short interest percentage increase of +0.48%. The days needed to cover the short positions amount to 17.0. The approximate worth of the shares held short is $772.8 million.

The stock TWST has a current short interest of 26.85%. The short interest percentage has experienced increase of +12.56% while there was a change of 1720000 shares in short interest. The ratio indicating the time required to cover short positions is 15.7. The calculated worth of the shorted shares amounts to around $220.62 million. Trading activity averages at 939.26K shares per day, while the company's market capitalization stands at $1.03B.

EV Stocks to Watch

According to our ST Score evaluation, Toyota Motor Corporation ADR (TM) emerges as a high-quality stock in the EV industry, attaining an impressive score of 56.0. The stock's profitability, stock sentiment, and Piotroski Score are strong. However, its growth, and financial strength are weak. Additionally, it is neutral in terms of value, performance, and forecast.

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

Another stock in the category, Cirrus Logic, Inc. (CRUS) has the ST Score of 56.0, which means that the stock carries the potential for higher returns. The stock is strong in profitability, financial strength, and Piotroski Score but weak in growth. Value, performance, stock sentiment, and forecast suggest a neutral outlook.

General Motors Company (GM) stock has the ST Score of 56.0 which implies that the EV company has a high probability of beating the market. The stock's strengths lie in its valuation, profitability, and Piotroski Score, but its weaknesses are in its growth, and financial strength. However, it shows neutral outlook in performance, stock sentiment, and forecast.

Magna International Inc. (MGA) currently has the ST Score of 55.0, which signifies a huge upward potential. The EV stock's strong points are its profitability, stock sentiment, and Piotroski Score, while its weak points are its growth, and financial strength. The stock's value, performance, and forecast indicate a neutral outlook.