EV Surge: Top Picks & $10 Movers of the Day

The S&P 500 slipped on Tuesday, reversing earlier gains, as fresh economic data triggered a jump in Treasury yields and reignited concerns over the Federal Reserve’s rate outlook for the year ahead.

At 11:25 AM ET, the Dow was down -9.54 points, or -0.02%, at $42697.03. The Nasdaq Composite lost -204.53 points, or -0.9487%, at $21354.9701. The S&P 500 declined -25.1597 points, or -0.4211%, at $5950.22. Among the 11 major S&P 500 sectors, 7 showed negative movement, with Utilities leading the way with a -1.78% decrease.

The Institute for Supply Management reported faster-than-expected growth in the U.S. services sector for December, raising fears of stubborn inflation. This pushed the 10-year Treasury yield up nearly six basis points to 4.675%, adding pressure on equities.

This comes after a winning session on Monday, driven by semiconductor stocks and optimism over a Washington Post report suggesting that President-elect Donald Trump’s tariff plan would be narrower than previously anticipated. However, Trump later disputed the report in a post on Truth Social.

Top Movers: Under $10

Hoth Therapeutics Inc (HOTH) is up 262.48% today to trade at the current level of $2.97. This comes after Company shared encouraging interim safety and efficacy results from its Phase 2a clinical trial of HT-001, designed to address skin toxicities linked to Epidermal Growth Factor Receptor Inhibitors (EGFRi) in cancer patients.

Getty Images Holdings Inc (GETY) zoomed 26.07% in today’s trade to $3.24. This rally can be attributed to news that Getty Images Holdings, Inc. (NYSE: GETY) and Shutterstock (NYSE: SSTK) entered into a definitive merger agreement to combine in a merger of equals transaction, creating a premier visual content company.

In current trading, Aurora Innovation Inc (AUR) stock is at $8.85 following news that the company had scored a partnership with AI chip giant Nvidia (NVDA) to deploy self-driving trucks at scale.

Healthy Choice Wellness Corp (HCWC) rose 31.24% in the early hours of today's trading to move at $1.27. The strong performance of HCWC stock came as investors were encouraged by the news that of company’s significant growth in sales and gross margin in its fourth quarter and year ended December 31, 2024 results.

In the current trading session, Innoviz Technologies Ltd (INVZ) jumped 25.68% to $2.50 over a previous close of $1.99 as the company announced its latest technological advancements will be showcased at CES 2025.

Ex-Dividends Stocks

Comcast Corp (CMCSA) 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 $0.31 per share. The company has fixed January 08 as the record date for the same and will pay the actual dividend on January 29. Last year, the company distributed a total of $1.22 to its shareholders. Based on the last year's worth of payments, CMCSA has a trailing yield of 3.25% on the current stock price of $37.52.

Shares of Main Street Capital Corporation (MAIN) will be the talk of stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.25 per share, and in the last 12 months, the company paid a total of $2.87 per share. Last year's total dividend payments show that MAIN has a trailing yield of 4.89% on the current share price of $58.62.

Tomorrow, Brandywine Realty Trust (BDN) is also set to go ex-dividend tomorrow. The next dividend payment from BDN will amount to $0.15 per share. January 08 has been designated as the record date for this dividend, with the actual payout scheduled for January 23. In the previous year, BDN distributed a total of $0.60 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for BDN stands at 11.23% based on the current stock price of $5.34.

Gentex Corp (GNTX) will be paying out a dividend of $0.12 per share to shareholders holding their shares as of the close of the business hours on the record date of January 08. Over the past 12 months, GNTX has paid out a total of $0.48 per share in dividends. Based on the total dividends paid out last year, GNTX boasts an impressive trailing yield of 1.71% on the current share price of $28.15.

Crypto Market Highlights

• Ripple, a blockchain enterprise tied to the XRP Ledger (XRP), announced on Tuesday its collaboration with data provider Chainlink (LINK). The partnership aims to enhance the integration of Ripple's RLUSD stablecoin into decentralized finance (DeFi) applications.

• Following the example of SEC Chair Gary Gensler, Commodity Futures Trading Commission (CFTC) head Rostin Behnam is set to leave his position on the day Donald Trump is sworn into office.

• Crypto exchange Gemini has agreed to pay $5 million to resolve a case brought by the U.S. Commodity Futures Trading Commission. The case involved allegations that the company made misleading statements over seven years ago regarding the manipulability of bitcoin futures contract prices.

• Aleš Michl, governor of the Czech National Bank, has recently suggested Bitcoin as a potential addition to the nation’s foreign exchange reserves. This move signals increasing government interest in cryptocurrency as a tool for diversification and savings.

• CARV, an AI-focused blockchain ecosystem aimed at scaling data sovereignty, has officially launched the CARV SVM Chain Testnet, marking a key milestone in its development.

  Most Shorted Stocks

ChargePoint Holdings Inc (CHPT) was one of the most shorted stocks as of latest short interest figures, with 30.44% 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 8.7 Days to Cover. This represents a change of 2390000 shares, which corresponds to a +2.01% increase in short interest. The total value of the shares held short is estimated to be around $151.46 million. The average daily volume stands at 15.52M shares, and the market capitalization of the company is $554.65M.

The Sunnova Energy International Inc with the symbol NOVA currently has a short interest of 31.32%. The short interest has changed by 50000 shares. The days to cover ratio stands at 3.3 Days to Cover. The estimated value of the shares held short is approximately $157.95 million. On an average day, 10.73M shares are traded, with the company's market capitalization totaling $579.16M.

For the stock Beyond Meat Inc (BYND), the current short interest is at 45.53%. This represents a significant short interest change of -560000 shares, corresponding to a short interest percentage decrease of -1.99%%. The days needed to cover the short positions amount to 9.1 Days to Cover. The approximate worth of the shares held short is $106.22 million.

With the symbol PHAT, the stock currently has a short interest of 20.66%. The short interest change is 80000 shares, compared with a short interest percentage change of +0.57%%. It would take approximately 11.0 Days to Cover days to cover all the short positions. The shares short value is estimated to be around $209.13 million. The company boasts an average daily volume of 1.28M shares, contributing to a market capitalization of $518.30M.

The stock OMGA has a current short interest of 28.30%. The short interest percentage has experienced decrease of -3.53%% while there was a change of -200000 shares in short interest. The ratio indicating the time required to cover short positions is 17.6 Days to Cover. The calculated worth of the shorted shares amounts to around $12.58 million. Trading activity averages at 328.47K shares per day, while the company's market capitalization stands at $49.28M.

Ev Stocks to Watch

According to our ST Score evaluation, Fluence Energy Inc (FLNC) emerges as a high-quality stock in the EV industry, attaining an impressive score of 55. The stock's growth, financial strength, and Piotroski Score are strong. Additionally, it is neutral in terms of profitability, performance, stock sentiment, and forecast.

Our ST Score also classifies Tesla Inc (TSLA) as a high-quality EV stock today, presenting a Score of 55. 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, Cirrus Logic, Inc (CRUS) has the ST Score of 60, 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 performance, and growth. Stock sentiment, and forecast suggest a neutral outlook.

Alphabet Inc (GOOG) stock has the ST Score of 55 which implies that the EV company has a high probability of beating the market. The stock's strengths lie in its profitability, financial strength, and Piotroski Score. However, it shows neutral outlook in performance, growth, stock sentiment, and forecast.

Aehr Test Systems (AEHR) currently has the ST Score of 61, 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 stock sentiment, and forecast. The stock's growth 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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