Energy Stock Watch: High-Growth Picks & $10 Stocks on the Move

Stocks are on the rise Friday as Wall Street heads toward its first weekly gain of the new year. The Dow Jones Industrial Average is up 3.9% for the week, while the S&P 500 has climbed 3%, positioning both indexes for their strongest weekly performance since the November presidential election. The Nasdaq Composite has gained 2.5% so far this week, on track for its best one-week return since early December.

As of 11:37 AM ET, the Dow was up 450.47 points, or 1.04389%, at $43603.6. The Nasdaq Composite added 363.762 points, or 1.72471%, at $21455.014. The S&P 500 rose 69.43 points, or 1.16938%, at $6006.77. Among the 11 major S&P 500 sectors, 8 showed negative movement, with Utilities leading the way with a -1.18% decrease.

Investor sentiment remains upbeat as markets look ahead to next week’s key event: the inauguration of Donald Trump for his second term as president. Stocks surged after Trump’s election victory in November, driven by optimism around potential deregulation and tax cuts—and investors are now watching to see if those policies will continue to fuel market gains.

With strong momentum carrying into the weekend, Wall Street appears poised to kick off the year on solid footing.

Top Movers: Under $10

Versus Systems Inc (VS) is up 43.23% today to trade at the current level of $2.75. This comes after the company announced its expansion into Brazil, one of the largest global gaming markets with more than 100 million users and a reputation for embracing cutting-edge technologies.

GSI Technology Inc (GSIT) zoomed 42.28% in today’s trade to $3.91 after announcing that it has been selected by the U.S. Army for a potential contract award of up to $250,000 under the DoD Small Business Innovation Research program.

In current trading, Starbox Group Holdings Ltd (STBX) stock is at $1.28 following the announcement of the launch of StarboxAI-IntelliContentCreate by its wholly-owned subsidiary, Starbox Technologies Sdn. Bhd.

Crown ElectroKinetics Corp (CRKN) rose 19.51% in the early hours of today's trading to move at $0.10. The company announced that it has entered into an exclusive partnership with Electro Scan Inc., the developer of cutting-edge lead detection technology.

In the current trading session, ParaZero Technologies Ltd (PRZO) jumped 14.62% to $2.12 over a previous close of $1.85 after announcing that it has received official approval from the Israeli Defense Export Controls Agency under the Ministry of Defense for the marketing of its HALO Precision Airdrop System.

Ex-Dividends Stocks

Caterpillar Inc (CAT) 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 $1.41 per share. It has fixed January 21 as the record date for the same and will pay the actual dividend on February 20. Last year, the company distributed a total of $5.42 to its shareholders. Based on the last year's worth of payments, CAT has a trailing yield of 1.41% on the current stock price of $385.59.

Shares of Franklin Universal Trust (FT) will be the talk of stock market on Monday as the stock will turn ex-dividend. The company's next dividend payment will be $0.04 per share, and in the last 12 months, it paid a total of $0.51 per share. Last year's total dividend payments show that FT has a trailing yield of 6.69% on the current share price of $7.62.

Tomorrow, Zoetis Inc (ZTS) is also set to go ex-dividend on Monday. The next dividend payment from ZTS will amount to $0.5 per share. January 21 has been designated as the record date for this dividend, with the actual payout scheduled for March 04. In the previous year, ZTS distributed a total of $1.73 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for ZTS stands at 1.02% based on the current stock price of $168.63.

Goosehead Insurance Inc (GSHD) will be paying out a dividend of $5.91 per share to shareholders holding their shares as of the close of the business hours on the record date of January 21.

Crypto Market Highlights

• Boerse Stuttgart Digital Custody becomes Germany’s first crypto asset service provider to receive a full license under the European Union’s new Markets in Crypto-Assets Regulation (MiCA).

• Binance updates cryptocurrency deposit and withdrawal procedures in Poland to comply with the European Union’s Markets in Crypto-Assets Regulation (MiCA).

• MakersPlace, a digital art platform for NFTs, announces closure amid the NFT market decline after six years of operations.

• Jio Platforms, owned by Mukesh Ambani, launched its reward-based token, JioCoin, on the Polygon network. 

• Tether CEO Paolo Ardoino indicates the company may expand its presence in the United States but is waiting for clearer regulatory guidance. 

Most Shorted Stocks

Nuwellis Inc (NUWE) was one of the most shorted stocks as of latest short interest figures, with 30.16% 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 0.1. This represents a change of 46500 shares, which corresponds to a +15.96% increase in short interest. The total value of the shares held short is estimated to be around $0.38 million. The average daily volume stands at 2.62M shares, and the market capitalization of the company is $4.95M.

The Opko Health Inc with the symbol OPK currently has a short interest of 29.53%. The short interest has changed by 6530000 shares. The days to cover ratio stands at 23.6. The estimated value of the shares held short is approximately $134.26 million. On an average day, 3.99M shares are traded, with the company's market capitalization totaling $999.84M.

For the stock Hims & Hers Health Inc (HIMS), the current short interest is at 29.37%. This represents a significant short interest change of 9150000 shares, corresponding to a short interest percentage increase of +21.29%. The days needed to cover the short positions amount to 3.2. The approximate worth of the shares held short is $1.41 billion.

With the symbol TRUP, the stock currently has a short interest of 29.14%. The short interest change is 120000 shares, compared with a short interest percentage change of +1.39%. It would take approximately 14.5 days to cover all the short positions. The shares short value is estimated to be around $2.51 billion. The company boasts an average daily volume of 598.83K shares, contributing to a market capitalization of $2.04B.

The stock SPCE has a current short interest of 29.03%. The short interest percentage has experienced increase of +3.69% while there was a change of 280000 shares in short interest. The ratio indicating the time required to cover short positions is 4.4. The calculated worth of the shorted shares amounts to around $45.97 million. Trading activity averages at 1.86M shares per day, while the company's market capitalization stands at $151.74M.

Energy Stocks to Watch

According to our ST Score evaluation, International Seaways Inc (INSW) emerges as a high-quality stock in the Energy industry, attaining an impressive score of 69. The stock's profitability, financial strength, and Piotroski Score are strong. Additionally, it is neutral in terms of performance, growth, stock sentiment, and forecast.

Our ST Score also classifies DHT Holdings Inc (DHT) as a high-quality Energy stock today, presenting a Score of 65. The stock has strong fundamentals in terms of profitability, performance, financial strength, and Piotroski Score. The growth, stock sentiment, and forecast are neutral.

Another stock in the category, Dorian LPG Ltd (LPG) has the ST Score of 65, which means that the stock carries the potential for higher returns. The stock is strong in profitability, growth, financial strength, and Piotroski Score. Performance, stock sentiment, and forecast suggest a neutral outlook.

Texas Pacific Land Corporation (TPL) stock has the ST Score of 65 which implies that the Energy 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.

Torm Plc (TRMD) currently has the ST Score of 65, which signifies a huge upward potential. The Energy stock's strong points are its profitability, financial strength, and Piotroski Score. The stock's performance, 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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