Energy Heat: Top Midday Plays & Hidden $10 Stars

Good Evening Traders!

The stock market took a significant hit on Friday after China retaliated with new tariffs on U.S. goods, raising concerns that President Donald Trump has sparked a global trade war that could lead to a recession.

As of 11:45 AM ET, the Dow was down -1498.11 points, or -3.69485%, at $39047.82. The Nasdaq Composite lost -778.775 points, or -4.20471%, at $17742.725. The S&P 500 declined -228.51 points, or -4.2344%, at $5168.01. Among the 11 major S&P 500 sectors, 9 showed negative movement, with Energy leading the way with a 4.53% decrease.

China’s commerce ministry announced Friday that it will impose a 34% tariff on all U.S. products, mirroring the tariff that Trump introduced on Chinese goods earlier this week.

The 10-year Treasury yield dropped below 4% on Friday as investors sought refuge in bonds, driving prices up and rates down. JPMorgan raised the likelihood of a recession this year to 60%, up from 40%, signaling growing concerns.

Top Movers: Under $10

Sobr Safe Inc (SOBR) is up 43.09% today to trade at the current level of $4.97. This comes after the company revealed key insights into the relationship between middle-aged women and alcohol.

CXApp Inc (CXAI) zoomed 28.90% in today’s trade to $1.04 after reporting record business performance for 2024 and momentum of Agentic AI based CXAI Platform.

In current trading, Aldeyra Therapeutics Inc (ALDX) stock is at $1.79 after announcing receipt of a Complete Response Letter from the U.S. Food and Drug Administration (FDA) for the resubmission of the New Drug Application (NDA) of reproxalap.

XChange Tec.Inc. ADR (XHG) rose 14.85% in the early hours of today's trading to move at $0.85 after announcing the acquisition of Hong Kong insurance brokerage firm to expand market presence

In the current trading session, Brand Engagement Network Inc (BNAI) jumped 9.15% to $0.33 over a previous close of $0.30 following the release of presentations from the AI & Technology Virtual Investor Conference, now available for online viewing.

Ex-Dividends Stocks

Erie Indemnity Co (ERIE) is about to trade ex-dividend Monday, 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 $1.36 per share. It has fixed April 07 as the record date for the same and will pay the actual dividend on April 22. Last year, the company distributed a total of $5.19 to its shareholders. Based on last year's payments, ERIE has a trailing yield of 1.26%, and the current stock price is $412.62.

Shares of NorthEast Community Bancorp Inc (NECB) will be the talk of the stock market on Monday 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, it paid a total of $0.50 per share. Last year's total dividend payments show that NECB has a trailing yield of 2.40% on the current share price of $20.75.

Preferred Bank (Los Angeles, CA) (PFBC) is also set to go ex-dividend on Monday. The next dividend payment from PFBC will amount to $0.75 per share. April 07 has been designated as the record date for this dividend, with the actual payout scheduled for April 21. In the previous year, PFBC distributed a total of $2.85 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for PFBC stands at 3.83% based on the current stock price of $74.38.

United Security Bancshares (CA) (UBFO) will be paying out a dividend of $0.12 per share to shareholders holding their shares as of the close of the business hours on the record date of April 07. Over the past 12 months, UBFO has paid out a total of $0.48 per share in dividends. Based on the total dividends paid out last year, UBFO boasts an impressive trailing yield of 5.96% on the current share price of $8.05.

Crypto Market Highlights

• Hut 8 announces partnership with Donald Jr. and Eric Trump to launch a new Bitcoin mining venture, American Bitcoin.

• Solana whales cash in on gains, offloading tokens from a staking play that began four years ago.

• Cryptocurrency exchange OKX faces regulatory scrutiny in Europe after receiving a fine from Maltese authorities for Anti-Money Laundering (AML) violations.

• Massachusetts authorities continue a crackdown on unlawful cryptocurrency practices, fining crypto firm CLS Global.

• Over $21 million in Bitcoin unstacked from the Babylon protocol within 24 hours following the platform’s token airdrop.

 Most Shorted Stocks

Workhorse Group Inc (WKHS) was one of the most shorted stocks as of latest short interest figures, with 28.48% 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 3.1. This represents a change of -8105900 shares, which corresponds to a -89.87% decrease in short interest. The total value of the shares held short is estimated to be around $1.22 million. The average daily volume stands at 316.25K shares, and the market capitalization of the company is $6.87M.

The MARA Holdings Inc with the symbol MARA currently has a short interest of 27.60%. The short interest has changed by 8050000 shares. The days to cover ratio stands at 2.4. The estimated value of the shares held short is approximately $967.19 million. On an average day, 38.23M shares are traded, with the company's market capitalization totaling $3.60B.

For the stock Applied Digital Corporation (APLD), the current short interest is at 34.59%. This represents a significant short interest change of 2260000 shares, corresponding to a short interest percentage increase of +3.98%. The days needed to cover the short positions amount to 2.4. The approximate worth of the shares held short is $290.33 million.

With the symbol CLSK, the stock currently has a short interest of 29.50%. The short interest change is 930000 shares, compared with a short interest percentage change of +1.17%. It would take approximately 3.2 days to cover all the short positions. The shares short value is estimated to be around $412.48 million. The company boasts an average daily volume of 24.63M shares, contributing to a market capitalization of $1.96B.

The stock TMDX has a current short interest of 30.60%. The short interest percentage has experienced an increase of +2.36% while there was a change of 220000 shares in short interest. The ratio indicating the time required to cover short positions is 5.5. The calculated worth of the shorted shares amounts to around $5.42 billion. Trading activity averages at 1.65M shares per day, while the company's market capitalization stands at $2.26B.

Energy Stocks to Watch

According to our ST Score evaluation, Epsium Enterprise Ltd (EPSM) emerges as a high-quality stock in the Energy industry, attaining an impressive score of 20. However, its profitability, financial strength, stock sentiment, Piotroski Score, and forecast are weak. Additionally, it is neutral in terms of performance, and growth.

Our ST Score also classifies NCS Multistage Holdings Inc (NCSM) as a high-quality Energy stock today, presenting a Score of 63. The stock has strong fundamentals in terms of performance, financial strength, and Piotroski Score. However, it has weak growth. The profitability, stock sentiment, and forecast are neutral.

Another stock in the category, PrimeEnergy Resources Corp (PNRG) has the ST Score of 62, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, and Piotroski Score. Growth, financial strength, stock sentiment, and forecast suggest a neutral outlook.

Star Group L.P (SGU) stock has the ST Score of 59 which implies that the Energy company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, and Piotroski Score, but its weaknesses are in its financial strength. However, it shows a neutral outlook in growth, stock sentiment, and forecast.

CrossAmerica Partners LP (CAPL) currently has the ST Score of 58, which signifies a huge upward potential. The Energy stock's strong points are its performance, and Piotroski Score, while its weak points are its growth. The stock's profitability, financial strength, stock sentiment, and forecast indicate a neutral outlook.

That's it for today. Thanks for reading. Good luck out there!

Best Regards,

Stocks Telegraph Team

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