Dear Readers,

The S&P 500 saw a slight increase on Wednesday, bolstered by positive economic data, as the markets aimed to maintain their upward trend towards the year's end.

In December, the consumer confidence survey surpassed expectations, hitting 110.7, well above the anticipated 104.5, according to economists surveyed by Dow Jones. This surge contributed to a boost in investor confidence.

This month, the S&P 500 has surged over 4%, reaching a 24% increase for the year, while the Dow Jones has gained more than 4% and 13%, respectively. Additionally, the Nasdaq has experienced a December surge of over 5% and a remarkable 43% increase for 2023, positioning it for its strongest year since 2020.

As of 11:50 AM ET, the Dow was up 3.9766 points, or 0.0106%, at $37561.9. The Nasdaq Composite added 22.2285 points, or 0.1322%, at $16834.084. The S&P 500 rose 2.46 points, or 0.0516%, at $4770.83. Among the 11 major S&P 500 sectors, 8 showed positive movement, with Communication Services leading the way with a 0.86% increase.

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Top Movers: Under $10

ParaZero Technologies Ltd (PRZO) is up 61.43% today to trade at the current level of $1.13. This comes after the company successfully completed its Drone Safety Project with a Fortune 500 leading automotive manufacturer.

Mawson Infrastructure Group Inc (MIGI) zoomed 23.29% in today’s trade to $1.80 after announcing that the Company has signed a new customer co-location agreement between a wholly-owned subsidiary of Mawson and Krypton Technologies LLC.

In current trading, Movella Holdings Inc (MVLA) stock is at $0.39 after announcing that Ben A. Lee, President and Chief Executive Officer (“CEO”), will be departing the Company to pursue other interests.

Hyliion Holdings Corporation (HYLN) rose 19.77% in the early hours of today's trading to move at $0.84. The company announced that its Board of Directors has authorized a stock repurchase program of up to $20 million of the its issued and outstanding common stock, par value $0.001 per share.

In the current trading session, Forge Global Holdings Inc (FRGE) jumped 16.41% to $3.95 over a previous close of $3.39 after announcing that Chris Lane has joined Forge as Managing Director, Head of Institutional Relationship Management.

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Ex-Dividends Stocks

Spirit Airlines Inc (SAVE) 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 December 22 as the record date for the same and will pay the actual dividend on December 29.

Another stock that is shelling out dividends tomorrow is Iradimed Corp (IRMD), having a market capitalization of $589.14M. It will pay a dividend of $0.63 per share, the payment date of which is January 12.

Shares of Dynex Capital, Inc. (DX) will be the talk of stock market on Thursday as the stock will turn ex-dividend. The company's next dividend payment will be $0.13 per share, and in the last 12 months, the company paid a total of $1.56 per share. Last year's total dividend payments show that DX has a trailing yield of 12.09% on the current share price of $12.90.

Tomorrow, Boyd Gaming Corp. (BYD) is also set to go ex-dividend tomorrow. The next dividend payment from BYD will amount to $0.16 per share. December 22 has been designated as the record date for this dividend, with the actual payout scheduled for January 15. In the previous year, BYD distributed a total of $0.63 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for BYD stands at 1.01% based on the current stock price of $62.89.

Bank7 Corp (BSVN) will be paying out a dividend of $0.21 per share to shareholders holding their shares as of the close of the business hours on the record date of December 22. Over the past 12 months, BSVN has paid out a total of $0.72 per share in dividends. Based on the total dividends paid out last year, BSVN boasts an impressive trailing yield of 2.53% on the current share price of $28.63.

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Most Shorted Stocks

Lovesac Company (LOVE) 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 10.3. This represents a change of -130000 shares, which corresponds to a -3.23% decrease in short interest. The total value of the shares held short is estimated to be around $103.4 million. The average daily volume stands at 392.73K shares, and the market capitalization of the company is $411.72M.

The Big Lots Inc with the symbol BIG currently has a short interest of 28.93%. The short interest has changed by -50000 shares. The days to cover ratio stands at 4.9. The estimated value of the shares held short is approximately $57.45 million. On an average day, 1.63M shares are traded, with the company's market capitalization totaling $213.31M.

For the stock ORIC Pharmaceuticals Inc (ORIC), the current short interest is at 28.57%. This represents a significant short interest change percentage increase of 1.7%. The days needed to cover the short positions amount to 19.

The stock VERV has a current short interest of 27.95%. The short interest percentage has experienced increase of +7.72% while there was a change of 1030000 shares in short interest. The ratio indicating the time required to cover short positions is 9.2. Trading activity averages at 1.65M shares per day, while the company's market capitalization stands at $1.14B.

AI Stocks to Watch

According to our ST Score evaluation, NVIDIA Corp (NVDA) emerges as a high-quality stock in the AI industry, attaining an impressive score of 60.0. The stock's profitability, growth, stock sentiment, and Piotroski Score are strong. However, its value are weak. Additionally, it is neutral in terms of performance, financial strength, and forecast.

Our ST Score also classifies Twilio Inc (TWLO) as a high-quality AI stock today, presenting a Score of 60.0. The stock has strong fundamentals in terms of performance, financial strength, stock sentiment, and Piotroski Score. However, it has weak value, and profitability. The growth, and forecast are neutral.

Another stock in the category, UiPath Inc (PATH) has the ST Score of 59.0, which means that the stock carries the potential for higher returns. The stock is strong in performance, financial strength, and stock sentiment but weak in value, and profitability. Growth, piotroski score, and forecast suggest a neutral outlook.

Broadcom Inc (AVGO) stock has the ST Score of 59.0 which implies that the AI company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, stock sentiment, Piotroski Score, and forecast, but its weaknesses are in its value, and financial strength. However, it shows neutral outlook in growth.

Sap SE ADR (SAP) currently has the ST Score of 58.0, which signifies a huge upward potential. The AI stock's strong points are its profitability, performance, stock sentiment, and Piotroski Score, while its weak points are its growth, and financial strength. The stock's value, and forecast indicate a neutral outlook.