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Energy Spotlight: Budget-Friendly $10 Stocks on the Move
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Stocks moved higher Tuesday after the Producer Price Index (PPI)—the first of two key inflation reports this week—came in cooler than expected, boosting market sentiment.
As of 11:31 AM ET, the Dow was up 383.65 points, or 0.91479%, at $42322.1. The Nasdaq Composite lost -83.8827 points, or -0.40236%, at $20763.6993. The S&P 500 rose 4.44 points, or 0.07619649%, at $5831.48. Among the 11 major S&P 500 sectors, 8 showed negative movement, with Communication Services leading the way with a 1.41% decrease.
All eyes are now on Wednesday’s release of the Consumer Price Index (CPI), which will offer deeper insight into whether the Federal Reserve is making progress in bringing inflation closer to its 2% target. A softer CPI reading could strengthen the case for the Fed to ease its interest rate policy.
On the earnings front, the spotlight shifts to Wall Street’s biggest banks as the fourth-quarter earnings season kicks off. JPMorgan Chase, Citigroup, Goldman Sachs, and Wells Fargo will report results on Wednesday, followed by Morgan Stanley and Bank of America on Thursday.
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Top Movers: Under $10
22nd Century Group Inc (XXII) is up 46.50% today to trade at the current level of $8.79. This comes after the company was featured in a Washington Post news story addressing new federal policy activities that could reduce the health harms of smoking.
ThredUp Inc (TDUP) zoomed 35.38% in today’s trade to $1.76 after the company provided preliminary unaudited financial results for the fourth quarter ended December 31, 2024.
In current trading, Firefly Neuroscience Inc (AIFF) stock is at $3.83 after announcing the advancement of research to assess a patient’s brain age - an estimation of the biological age of a person's brain – via its FDA-cleared BNA technology platform.
Eterna Therapeutics Inc (ERNA) rose 164.11% in the early hours of today's trading to move at $0.82. The company announced positive results from a preclinical study on the company’s lead cell therapy product, ERNA-101, which is designed to activate and regulate the immune system's response to recognize and attack ovarian cancer cells.
In the current trading session, Nature's Miracle Holding Inc (NMHI) jumped 126.55% to $2.56 over a previous close of $1.13 after announcing that it entered into a Securities Purchase Agreement with a single institutional investor.
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Ex-Dividends Stocks
Abbott Laboratories (ABT) 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 $0.59 per share. It has fixed January 15 as the record date for the same and will pay the actual dividend on February 14. Last year, the company distributed a total of $2.20 to its shareholders. Based on the last year's worth of payments, ABT has a trailing yield of 1.95% on the current stock price of $112.96.
Shares of Freeport-McMoRan Inc (FCX) will be the talk of stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.15 per share, and in the last 12 months, it paid a total of $0.30 per share. Last year's total dividend payments show that FCX has a trailing yield of 0.76% on the current share price of $39.29.
Phillips Edison & Company Inc (PECO) is also set to go ex-dividend tomorrow. The next dividend payment from PECO will amount to $0.1 per share. February 18 has been designated as the record date for this dividend, with the actual payout scheduled for March 04. In the previous year, PECO distributed a total of $1.29 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for PECO stands at 3.59% based on the current stock price of $35.86.
Trinity Industries, Inc (TRN) will be paying out a dividend of $0.3 per share to shareholders holding their shares as of the close of the business hours on the record date of January 15. Over the past 12 months, TRN has paid out a total of $1.12 per share in dividends. Based on the total dividends paid out last year, TRN boasts an impressive trailing yield of 2.99% on the current share price of $37.52.
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Crypto Market Highlights
Maple Finance is considering using protocol revenues to buy back native SYRUP tokens and distribute them as rewards to stakers, according to a Jan. 13 governance proposal.
Uniswap Labs and Ledger have announced a new integration to enhance DeFi accessibility.
Circle’s USD Coin (USDC) saw a 78% growth in circulation in 2024, surpassing all other stablecoins in market capitalization growth.
Intesa Sanpaolo, Italy’s largest bank, became the first Italian bank to invest in Bitcoin, purchasing 11 BTC for approximately 1 million euros ($1.02 million) on Jan. 13.
The Open Network (TON), linked to Telegram, plans to focus on growth in the U.S. under the incoming administration of President-elect Donald Trump.
Most Shorted Stocks
Beyond Meat Inc (BYND) was one of the most shorted stocks as of latest short interest figures, with 51.44% 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 9.5. This represents a change of 3580000 shares, which corresponds to a +12.98% increase in short interest. The total value of the shares held short is estimated to be around $111.28 million. The average daily volume stands at 3.40M shares, and the market capitalization of the company is $232.45M.
The Color Star Technology Co Ltd with the symbol ADD currently has a short interest of 44.80%. The short interest has changed by 106500 shares. The days to cover ratio stands at 0.3. The estimated value of the shares held short is approximately $0.49 million. On an average day, 1.05M shares are traded, with the company's market capitalization totaling $1.17M.
For the stock Medical Properties Trust Inc (MPW), the current short interest is at 44.47%. This represents a significant short interest change of -5790000 shares, corresponding to a short interest percentage decrease of -2.45%. The days needed to cover the short positions amount to 18.7. The approximate worth of the shares held short is $927.87 million.
With the symbol PHAT, the stock currently has a short interest of 21.86%. The short interest change is 820000 shares, compared with a short interest percentage change of +5.80%. It would take approximately 11.8 days to cover all the short positions. The shares short value is estimated to be around $1.56 billion. The company boasts an average daily volume of 1.28M shares, contributing to a market capitalization of $463.26M.
The stock FFIE has a current short interest of 42.18%. The short interest percentage has experienced increase of +57.47% while there was a change of 6310000 shares in short interest. The ratio indicating the time required to cover short positions is 1.1. The calculated worth of the shorted shares amounts to around $21.83 million. Trading activity averages at 15.13M shares per day, while the company's market capitalization stands at $66.18M.
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Energy Stocks to Watch
According to our ST Score evaluation, Cirrus Logic, Inc (CRUS) emerges as a high-quality stock in the EV industry, attaining an impressive score of 53. The stock's profitability, financial strength, and Piotroski Score are strong. However, its growth are weak. Additionally, it is neutral in terms of performance, stock sentiment, and forecast.
Our ST Score also classifies FREYR Battery Inc (FREY) as a high-quality EV stock today, presenting a Score of 53. The stock has strong fundamentals in terms of performance, and financial strength. However, it has weak growth, stock sentiment, Piotroski Score, and forecast. The profitability are neutral.
Another stock in the category, Aehr Test Systems (AEHR) has the ST Score of 51, 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 stock sentiment, and forecast. Performance, and growth suggest a neutral outlook.
Alphabet Inc (GOOG) stock has the ST Score of 48 which implies that the EV company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, financial strength, and Piotroski Score. However, it shows neutral outlook in growth, stock sentiment, and forecast.
Honda Motor ADR (HMC) currently has the ST Score of 48, which signifies a huge upward potential. The EV stock's strong points are its profitability, performance, financial strength, and Piotroski Score, while its weak points are its growth. The stock's 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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