EV Stocks to Watch: Low-Cost Leaders on the Move

U.S. markets traded lower Tuesday, with the S&P 500 slipping as investors digested renewed tensions in the Middle East and weaker-than-expected retail sales data. The ongoing conflict between Israel and Iran continued to dominate headlines, contributing to a cautious tone across Wall Street.

As of 11:23 AM ET, the Dow was down -49.8 points, or -0.1171%, at $42465.3. The Nasdaq Composite lost -73.45 points, or -0.33%, at $21864.12. The S&P 500 declined -18.11 points, or -0.3%, at $6015. Among the 11 major S&P 500 sectors, 7 showed positive movement, with Energy leading the way with a 0.85% increase.

Oil prices surged roughly 3% as the geopolitical crisis deepened, reversing Monday’s declines that had been driven by speculation of a possible ceasefire. Both West Texas Intermediate and Brent crude futures rebounded as fears of further escalation resurfaced.

Adding to market jitters, new data showed U.S. retail sales fell 0.9% in May—well below the 0.6% drop forecast by Dow Jones. The disappointing report suggested a sharper slowdown in consumer spending than anticipated, weighing further on equities.

Top Movers: Under $10 

Acurx Pharmaceuticals Inc (ACXP) is up 150.73% today to trade at the current level of $0.77. This comes after the company announced publication in Lancet Microbe of phase 2b clinical trial Data for Ibezapolstat in CDI.

Processa Pharmaceuticals Inc (PCSA) zoomed 122.08% in today’s trade to $0.50. The company has signed a binding deal giving Intact Therapeutics the exclusive option to license PCS12852, a promising treatment for gastroparesis and other gut disorders.

In current trading, Digital Turbine Inc (APPS) stock is at $7.03 after reporting fiscal 2025 fourth Quarter and fiscal year 2025 financial results.

BGSF Inc (BGSF) rose 35.87% in the early hours of today's trading to move at $5.46 after announcing a definitive agreement for INSPYR Solutions to acquire its professional division for $99 million.

In the current trading session, XCF Global Inc (SAFX) jumped 25.84% to $2.78 over a previous close of $2.21 after announcing the appointment of new Board of Directors following business combination.

Ex-Dividends Stocks

Academy Sports and Outdoors Inc (ASO) 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 $0.13 per share. It has fixed June 19 as the record date for the same and will pay the actual dividend on July 17. Last year, the company distributed a total of $0.46 to its shareholders. Based on last year's worth of payments, ASO has a trailing yield of 1.00% on the current stock price of $46.07.

Another stock that is shelling out dividends tomorrow is Kulicke & Soffa Industries, Inc (KLIC), having a market capitalization of $1.86B. It will pay a dividend of $0.2 per share, the payment date of which is July 08. Currently, the stock is trading at a trailing dividend yield of 2.30%.

Shares of Lam Research Corp (LRCX) 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 $0.23 per share, and in the last 12 months, it paid a total of $0.89 per share. Last year's total dividend payments show that LRCX has a trailing yield of 0.94% on the current share price of $94.33.

Nordson Corp (NDSN) is also set to go ex-dividend tomorrow. The next dividend payment from NDSN will amount to $0.78 per share. June 19 has been designated as the record date for this dividend, with the actual payout scheduled for July 03. In the previous year, NDSN distributed a total of $2.34 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for NDSN stands at 1.08% based on the current stock price of $217.04.

WhiteHorse Finance Inc (WHF) will be paying out a dividend of $0.39 per share to shareholders holding their shares as of the close of the business hours on the record date of June 19. Over the past 12 months, WHF has paid out a total of $1.52 per share in dividends. Based on the total dividends paid out last year, WHF boasts an impressive trailing yield of 15.86% on the current share price of $9.61.

Crypto Market Highlights

• Ubyx raises $10 million in seed funding to launch a stablecoin clearing platform aimed at boosting stablecoin adoption through face-value redemptions.

• Thailand grants a five-year tax exemption on income from the sale of cryptocurrencies, as announced by its Ministry of Finance.

• Malaysia unveils a Digital Asset Innovation Hub, a regulatory sandbox to support fintech and digital asset firms under central bank supervision.

• ARK Invest begins taking profits from its investment in stablecoin issuer Circle, just 11 days after the company’s public debut.

• JPMorgan Chase files a US trademark for “JPMD,” hinting at an expansion into blockchain and possibly a new stablecoin product.

Most Shorted Stocks

Dyne Therapeutics Inc (DYN) was one of the most shorted stocks as of the latest short interest figures, with 31.66% 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 10.3. This represents a change of 2330000 shares, which corresponds to a +10.04% increase in short interest. The total value of the shares held short is estimated to be around $290.79 million. The average daily volume stands at 2.59M shares, and the market capitalization of the company is $1.29B.

The Sphere Entertainment Co with the symbol SPHR currently has a short interest of 28.17%. The short interest has changed by -130000 shares. The days to cover ratio stands at 8.3. The estimated value of the shares held short is approximately $297.53 million. On an average day, 853.27K shares are traded, with the company's market capitalization totaling $1.39B.

For the stock Bloom Energy Corp (BE), the current short interest is at 21.36%. This represents a significant short interest change of -1540000 shares, corresponding to a short interest percentage decrease of 3.17%. The days needed to cover the short positions amount to 7.7. The approximate worth of the shares held short is $1.01 billion.

With the symbol GRPN, the stock currently has a short interest of 37.36%. The short interest change is 300000 shares, compared with a short interest percentage change of +3.93%. It would take approximately 4.0 days to cover all the short positions. The shares' short value is estimated to be around $1.69 billion. The company boasts an average daily volume of 1.74M shares, contributing to a market capitalization of $1.43B.

The stock AAP has a current short interest of 20.15%. The short interest percentage has experienced an increase of +9.70% while there was a change of 1050000 shares in short interest. The ratio indicating the time required to cover short positions is 4.0. The calculated worth of the shorted shares amounts to around $384.85 million. Trading activity averages at 2.90M shares per day, while the company's market capitalization stands at $2.90B.

EV Stocks to Watch

According to our ST Score evaluation, Texas Instruments Inc (TXN) emerges as a high-quality stock in the EV industry, attaining an impressive score of 51. The stock's profitability, performance, and Piotroski Score are strong. However, its growth is weak. Additionally, it is neutral in terms of financial strength, stock sentiment, and forecast.

Our ST Score also classifies Ford Motor Co (F) as a high-quality EV stock today, presenting a Score of 51. The stock has strong fundamentals in terms of profitability, performance, and Piotroski Score. However, it has weak growth, financial strength, stock sentiment, and a forecast.

Another stock in the category, EVgo Inc (EVGO) has the ST Score of 51, which means that the stock carries the potential for higher returns. The stock is strong in performance and financial strength but weak in profitability, growth, stock sentiment, and forecast. The Piotroski score suggests a neutral outlook.

Enersys (ENS) 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 profitability and Piotroski Score, but its weaknesses are in its growth. However, it shows neutral outlook in performance, financial strength, stock sentiment, and forecast.

General Motors Company (GM) currently has the ST Score of 53, which signifies a huge upward potential. The EV stock's strong points are its profitability, performance, and Piotroski Score, while its weak points are its growth and financial strength. The stock's 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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