Energy Spotlight: $10 Stocks Accelerating Fast

U.S. stocks fell sharply early Friday after Israel launched a wave of airstrikes on Iran, sending energy prices soaring and escalating geopolitical tensions.

As of 11:12 AM ET, the Dow was down -519 points, or -1.2079%, at $42448.63. The Nasdaq Composite lost -181.5 points, or -0.83%, at $21731.82. The S&P 500 declined -44.24 points, or -0.73%, at $6001.02. Among the 11 major S&P 500 sectors, 6 showed positive movement, with Health Care leading the way with a 1.04% increase.

The latest market volatility comes as former President Donald Trump posted on Truth Social, warning Iran to return to the negotiating table.

Amid the geopolitical turmoil, a closely watched University of Michigan survey provided a silver lining. The preliminary June reading of consumer sentiment rose to 60.5, well above the Dow Jones forecast of 54 and marking a 15.9% jump from May, signaling increased optimism among U.S. households.

Top Movers: Under $10 

Coffee Holding Co Inc (JVA) is up 31.82% today to trade at the current level of $4.78. This comes after the company reported second-quarter results and a new dividend.

ZenaTech Inc (ZENA) zoomed 17.23% in today’s trade to $5.92. The company announced that its subsidiary ZenaDrone’s intent is to file a patent and accelerate the deployment of Counter-Unmanned Aircraft System (Counter-UAS) technology, to be mounted on the company’s flagship ZenaDrone 1000 drone platform in response to a new executive order policy directive.

In current trading, ParaZero Technologies Ltd (PRZO) stock is at $1.29 after announcing its participation in recent live demonstrations and strategic engagements in the U.S. that underscore its commitment to advancing drone technologies used in the U.S., enhancing public safety, and supporting U.S. national security priorities.

Tiziana Life Sciences Ltd (TLSA) rose 11.97% in the early hours of today's trading to move at $1.59 after announcing that dosing has commenced at the prestigious Weill Cornell Medicine Multiple Sclerosis Center in New York City, in its ongoing Phase 2 clinical trial evaluating intranasal foralumab in patients with non-active Secondary Progressive Multiple Sclerosis.

In the current trading session, New Horizon Aircraft Ltd (HOVR) jumped 7.66% to $1.48 over a previous close of $1.37 after announcing a strategic partnership with MT-Propeller, a global leader in advanced propeller technology, to supply propellers for Horizon’s hybrid turbine engine.

Ex-Dividends Stocks

Bruker Corp (BRKR) is about to trade ex-dividend Monday, meaning that investors who buy the stock after Monday will not be eligible for the next dividend payment. The company's next dividend payment will be $0.05 per share. It has fixed June 16 as the record date for the same and will pay the actual dividend on June 27. Last year, the company distributed a total of $0.20 to its shareholders. Based on last year's worth of payments, BRKR has a trailing yield of 0.51% on the current stock price of $39.33.

Another stock that is shelling out dividends on Monday is U.S. Global Investors, Inc (GROW), having a market capitalization of $31.29M. It will pay a dividend of $0.01 per share, the payment date of which is June 30. Currently, the stock is trading at a trailing dividend yield of 3.78%.

Shares of Hooker Furnishings Corporation (HOFT) will be the talk of stock market on Monday as the stock will turn ex-dividend. The company's next dividend payment will be $0.23 per share, and in the last 12 months, it paid a total of $0.92 per share. Last year's total dividend payments show that HOFT has a trailing yield of 9.00% on the current share price of $10.23.

Paramount Global (PARA) is also set to go ex-dividend on Monday. The next dividend payment from PARA will amount to $0.05 per share. June 16 has been designated as the record date for this dividend, with the actual payout scheduled for July 01. In the previous year, PARA distributed a total of $0.20 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for PARA stands at 1.69% based on the current stock price of $11.82.

Red Rock Resorts Inc (RRR) will be paying out a dividend of $0.25 per share to shareholders holding their shares as of the close of the business hours on the record date of June 16. Over the past 12 months, RRR has paid out a total of $0.98 per share in dividends. Based on the total dividends paid out last year, RRR boasts an impressive trailing yield of 2.03% on the current share price of $48.22.

Crypto Market Highlights

• SharpLink Gaming has acquired 176,271 ETH worth $463 million, becoming the world's largest publicly traded holder of Ethereum.

• A Polkadot governance proposal to convert 500,000 DOT to Threshold Bitcoin (tBTC) has sparked mixed reactions within the community 

• Shopify, in collaboration with Coinbase, is offering early access to USDC stablecoin payments for selected merchants.

• KuCoin has launched a fully regulated subsidiary in Thailand after securing a license from the country's SEC. 

• Operators of the My Big Coin scheme have been ordered to pay $25.8 million in fines to the Commodity Futures Trading Commission (CFTC).

Most Shorted Stocks

Microbot Medical Inc (MBOT) was one of the most shorted stocks as of the latest short interest figures, with 30.66% 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 1080000 shares, which corresponds to a +15.93% increase in short interest. The total value of the shares held short is estimated to be around $18.94 million. The average daily volume stands at 2.55M shares, and the market capitalization of the company is $87.86M.

The Microvision Inc with the symbol MVIS currently has a short interest of 24.79%. The short interest has changed by -1500000 shares. The days to cover ratio stands at 12.4. The estimated value of the shares held short is approximately $59.55 million. On an average day, 4.36M shares are traded, with the company's market capitalization totaling $275.44M.

For the stock Beam Therapeutics Inc (BEAM), the current short interest is at 26.67%. This represents a significant short interest change of 320000 shares, corresponding to a short interest percentage increase of +1.54%. The days needed to cover the short positions amount to 8.8. The approximate worth of the shares held short is $361.84 million.

With the symbol OMER, the stock currently has a short interest of 21.86%. The short interest change is 1530000 shares, compared with a short interest percentage change of +14.29%. It would take approximately 12.9 days to cover all the short positions. The shares' short value is estimated to be around $73.0 million. The company boasts an average daily volume of 961.84K shares, contributing to a market capitalization of $202.14M.

The stock RDFN has a current short interest of 22.55%. The short interest percentage has experienced an increase of +30.20% while there was a change of 6200000 shares in short interest. The ratio indicating the time required to cover short positions is 3.1. The calculated worth of the shorted shares amounts to around $131.46 million. Trading activity averages at 6.93M shares per day, while the company's market capitalization stands at $1.38B.

Energy Stocks to Watch

According to our ST Score evaluation, Forum Energy Technologies Inc (FET) emerges as a high-quality stock in the Energy industry, attaining an impressive score of 57. The stock's performance is strong. However, its profitability is weak. Additionally, it is neutral in terms of growth, financial strength, stock sentiment, Piotroski Score, and forecast.

Our ST Score also classifies NCS Multistage Holdings Inc (NCSM) as a high-quality Energy stock today, presenting a Score of 57. The stock has strong fundamentals in terms of financial strength and Piotroski Score. However, it has weak growth. The profitability, performance, stock sentiment, and forecast are neutral.

Another stock in the category, PrimeEnergy Resources Corp (PNRG) has the ST Score of 57, which means that the stock carries the potential for higher returns. The stock is strong in profitability and Piotroski Score but weak in performance. Growth, financial strength, stock sentiment, and forecast suggest a neutral outlook.

Dynagas LNG Partners LP (DLNG) stock has the ST Score of 55 which implies that the Energy company has a high probability of beating the market. The stock's strengths lie in its profitability and Piotroski Score, but its weaknesses are in its performance and growth. However, it shows neutral outlook in financial strength, stock sentiment, and forecast.

Natural Gas Services Group, Inc (NGS) currently has the ST Score of 53, which signifies a huge upward potential. The Energy stock's strong points are its profitability, performance, and Piotroski Score, while its weak points are its financial strength. The stock's growth, 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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