EV Stock Watch: High-Rising Picks & $10 Stocks on the Move

Stocks remained flat on Tuesday as investors absorbed cautious remarks from Federal Reserve Chairman Jerome Powell regarding interest rates. Powell, speaking before the Senate Banking Committee, indicated that the Fed sees no immediate need to cut rates, signaling a more measured approach to monetary policy.

As of, 11:13 AM ET, the Dow was up 27.15 points, or 0.06105183%, at $44497.56. The Nasdaq Composite added 249.501 points, or 1.16094%, at $21740.81. The S&P 500 rose 39.51 points, or 0.65566%, at $6065.5. Among the 11 major S&P 500 sectors, 9 showed positive movement, with Information Technology leading the way with a 0.97% increase.

His testimony comes at a tense moment in Washington, with President Donald Trump pushing for increased tariffs on U.S. trading partners, raising fears of an escalating global trade war. The administration's mixed signals regarding its stance on the Fed have further added to market uncertainty. Powell is set to continue his testimony before the House Financial Services Committee on Wednesday.

Investors are also turning their attention to key inflation data, with the consumer price index report scheduled for release on Wednesday, followed by the producer price index on Thursday. These reports will be closely watched for signs of how inflation may influence the Fed’s next moves.

Top Movers: Under $10

Ocean Biomedical Inc (OCEA) is up 49.32% today to trade at the current level of $0.22. This comes after the company announced newly published research findings demonstrating the ability of its proprietary cancer immunotherapy candidates to favorably interact with tyrosine kinase inhibitors (TKI), such as osimertinib that are used to treat non-small cell lung cancer (NSCLC).

Firefly Neuroscience Inc (AIFF) zoomed 119.68% in today’s trade to $6.81 after announcing its acceptance into the NVIDIA Connect program.

In current trading, Lipella Pharmaceuticals Inc (LIPO) stock is at $4.21 after reporting positive topline phase 2a results for LP-310 in the treatment of Oral Lichen Planus.

IN8bio Inc (INAB) rose 22.25% in the early hours of today's trading to move at $0.33 after reporting updated positive results from phase 1 trial of INB-100 in Leukemia Patients.

In the current trading session, Dominari Holdings Inc (DOMH) jumped 36.93% to $8.44 over a previous close of $6.16 after announcing that Donald Trump Jr., a globally recognized business leader and best-selling author, and Eric Trump, a widely acclaimed business development and operational executive, have joined the Company's Board of Advisors. Donald Trump Jr. and Eric Trump also participated in the recently announced private placement in the Company.

Ex-Dividends Stocks

Archrock Inc (AROC) 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 $0.19 per share. It has fixed February 12 as the record date for the same and will pay the actual dividend on February 19. Last year, the company distributed a total of $0.67 to its shareholders. Based on the last year's worth of payments, AROC has a trailing yield of 2.35% on the current stock price of $28.54.

Shares of Paccar Inc (PCAR) will be the talk of the stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.33 per share, and in the last 12 months, it paid a total of $1.14 per share. Last year's total dividend payments show that PCAR has a trailing yield of 1.07% on the current share price of $106.09.

Target Corp (TGT) is also set to go ex-dividend tomorrow. The next dividend payment from TGT will amount to $1.12 per share. February 12 has been designated as the record date for this dividend, with the actual payout scheduled for March 01. In the previous year, TGT distributed a total of $4.44 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for TGT stands at 3.39% based on the current stock price of $130.78.

Exxon Mobil Corp (XOM) will be paying out a dividend of $0.99 per share to shareholders holding their shares as of the close of the business hours on the record date of February 12. Over the past 12 months, XOM has paid out a total of $3.84 per share in dividends. Based on the total dividends paid out last year, XOM boasts an impressive trailing yield of 3.44% on the current share price of $111.57.

Crypto Market Highlights

• The Open Network (TON) expands its cross-chain capabilities with a new integration with the interoperability protocol LayerZero.

• Lido introduces Lido v3, an upgrade offering enhanced flexibility and composability for institutional Ether stakers.

• Tether invests in Zengo Wallet, a self-custodial cryptocurrency wallet, amid regulatory challenges in the European Union over its USDt stablecoin.

• The SEC and Binance jointly filed a motion to pause their legal case for 60 days, signaling a potential halt in major cryptocurrency litigation under SEC acting chair Mark Uyeda.

• North Carolina proposes new legislation allowing the state treasurer to invest public funds in "qualified" digital assets.

Most Shorted Stocks

Cleanspark Inc (CLSK) was one of the most shorted stocks as of latest short interest figures, with 27.13% 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 2.2. This represents a change of 480000 shares, which corresponds to a +0.63% increase in short interest. The total value of the shares held short is estimated to be around $820.57 million. The average daily volume stands at 33.17M shares, and the market capitalization of the company is $3.02B.

The Fuelcell Energy Inc with the symbol FCEL currently has a short interest of 24.68%. The short interest has changed by -470000 shares. The days to cover ratio stands at 2.9. The estimated value of the shares held short is approximately $35.41 million. On an average day, 1.70M shares are traded, with the company's market capitalization totaling $144.00M.

For the stock MARA Holdings Inc (MARA), the current short interest is at 24.12%. This represents a significant short interest change of -2390000 shares, corresponding to a short interest percentage decrease of -2.84%. The days needed to cover the short positions amount to 1.4. The approximate worth of the shares held short is $1.37 billion.

With the symbol UPST, the stock currently has a short interest of 21.18%. The short interest change is -530000 shares, compared with a short interest percentage change of -2.67%. It would take approximately 2.9 days to cover all the short positions. The shares short value is estimated to be around $5.66 billion. The company boasts an average daily volume of 5.73M shares, contributing to a market capitalization of $6.31B.

The stock IOVA has a current short interest of 25.09%. The short interest percentage has experienced an increase of +1.09% while there was a change of 670000 shares in short interest. The ratio indicating the time required to cover short positions is 8.1. The calculated worth of the shorted shares amounts to around $100.08 million. Trading activity averages at 7.77M shares per day, while the company's market capitalization stands at $1.58B.

EV Stocks to Watch

According to our ST Score evaluation, Li Auto Inc ADR (LI) emerges as a high-quality stock in the EV industry, attaining an impressive score of 58. The stock's profitability, performance, financial strength, and Piotroski Score are strong. Additionally, it is neutral in terms of growth, stock sentiment, and forecast.

Our ST Score also classifies Teck Resources Ltd (TECK) as a high-quality EV stock today, presenting a Score of 57. The stock has strong fundamentals in terms of profitability, and Piotroski Score. However, it has weak growth. The performance, financial strength, stock sentiment, and forecast are neutral.

Another stock in the category, Aptiv PLC (APTV) has the ST Score of 55, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, and Piotroski Score but weak in financial strength. Growth, stock sentiment, and forecast suggest a neutral outlook.

FREYR Battery Inc (FREY) stock has the ST Score of 52 which implies that the EV company has a high probability of beating the market. The stock's strengths lie in its financial strength, but its weaknesses are in its growth, stock sentiment, Piotroski Score, and forecast. However, it shows a neutral outlook in profitability and performance.

Freeport-McMoRan Inc (FCX) currently has the ST Score of 51, which signifies a huge upward potential. The EV stock's strong points are its profitability, financial strength, and Piotroski Score, while its weak points are its performance. 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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