EV Update: Fast-Rising Stocks & $10 Investment Opportunities

Good Evening Traders!

The S&P 500 traded near the flatline on Tuesday as investors awaited clarity from President Trump on his upcoming tariff policy. Wall Street also faced headwinds from weaker-than-expected economic data.

As of 11:38 AM ET, the Dow was up 40.76 points, or 0.09704355%, at $42042.52. The Nasdaq Composite added 106.346 points, or 0.55163%, at $19384.793. The S&P 500 rose 17.22 points, or 0.30685%, at $5629.07. Among the 11 major S&P 500 sectors, 9 showed positive movement, with Communication Services leading the way with a 1.54% increase.

On the economic front, investors were met with another disappointing reading. The Institute for Supply Management's manufacturing survey came in weaker than anticipated and slipped into contraction territory. Additionally, February's job openings were slightly below expectations, according to data from the Bureau of Labor Statistics.

Looking ahead, the White House is set to unveil reciprocal tariffs on goods from nearly all countries on Wednesday. Investors had hoped for a more targeted approach to these tariffs.

Top Movers: Under $10

BioAffinity Technologies Inc (BIAF) is up 210.50% today to trade at the current level of $0.81. This comes after the company reported financial results for the year ended December 31, 2024.

Cloudastructure Inc (CSAI) zoomed 83.84% in today’s trade to $8.16 after reporting 2024 year-end results.

In current trading, SatixFy Communications Ltd (SATX) stock is at $1.97 after announcing a definitive agreement with MDA Space Ltd. (MDA) under which MDA Space will acquire all outstanding shares of SatixFy in an all-cash transaction for US$2.10 per share.

GRI Bio Inc (GRI) rose 47.19% in the early hours of today's trading to move at $4.71 after announcing pricing of $5.0 million public offering.

In the current trading session, GlucoTrack Inc (GCTK) jumped 14.61% to $0.20 over a previous close of $0.17 after reporting full-year 2024 financial results.

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 $0.33 per share. It has fixed April 02 as the record date for the same and will pay the actual dividend on April 23. Last year, the company distributed a total of $1.24 to its shareholders. Based on the last year's worth of payments, CMCSA has a trailing yield of 3.36% on the current stock price of $36.96.

Shares of Upbound Group Inc (UPBD) 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 $0.39 per share, and in the last 12 months, it paid a total of $1.50 per share. Last year's total dividend payments show that UPBD has a trailing yield of 6.19% on the current share price of $24.22.

Tomorrow, Campbells Co (CPB) is also set to go ex-dividend tomorrow. The next dividend payment from CPB will amount to $0.39 per share. April 03 has been designated as the record date for this dividend, with the actual payout scheduled for April 28. In the previous year, CPB distributed a total of $1.50 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for CPB stands at 3.76% based on the current stock price of $39.86.

Cisco Systems, Inc (CSCO) will be paying out a dividend of $0.41 per share to shareholders holding their shares as of the close of the business hours on the record date of April 03. Over the past 12 months, CSCO has paid out a total of $1.60 per share in dividends. Based on the total dividends paid out last year, CSCO boasts an impressive trailing yield of 2.58% on the current share price of $61.94.

Crypto Market Highlights

• Bybit announces shutdown of its non-fungible token (NFT) marketplace.

•  Coinbase experienced its worst quarter since the collapse of FTX in 2022.

•  Metaplanet, a Japan-based company, purchases 696 BTC for 10.2 billion yen ($67 million). 

• Tether acquires 8,888 Bitcoin in Q1 2025, according to onchain data.

• A US dollar-pegged stablecoin launched by a crypto platform tied to Donald Trump’s family could complicate bipartisan stablecoin legislation efforts.

 Most Shorted Stocks

Biomea Fusion Inc (BMEA) was one of the most shorted stocks as of latest short interest figures, with 32.82% 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 14.9. This represents a change of -720000 shares, which corresponds to a -6.49% decrease in short interest. The total value of the shares held short is estimated to be around $21.9 million. The average daily volume stands at 643.93K shares, and the market capitalization of the company is $76.28M.

The Solaredge Technologies Inc with the symbol SEDG currently has a short interest of 36.92%. The short interest has changed by -600000 shares. The days to cover ratio stands at 5.0. The estimated value of the shares held short is approximately $352.54 million. On an average day, 4.06M shares are traded, with the company's market capitalization totaling $975.20M.

For the stock CERo Therapeutics Holdings Inc (CERO), the current short interest is at 34.57%. This represents a significant short interest change of 550900 shares, corresponding to a short interest percentage increase of +188.21%. The days needed to cover the short positions amount to 1.2. The approximate worth of the shares held short is $0.63 million.

With the symbol SPRY, the stock currently has a short interest of 37.52%. The short interest change is 430000 shares, compared with a short interest percentage change of +2.26%. It would take approximately 12.5 days to cover all the short positions. The shares short value is estimated to be around $10.69 million. The company boasts an average daily volume of 1.57M shares, contributing to a market capitalization of $1.24B.

The stock ANAB has a current short interest of 48.58%. The short interest percentage has experienced an increase of +8.53% while there was a change of 770000 shares in short interest. The ratio indicating the time required to cover short positions is 10.1. The calculated worth of the shorted shares amounts to around $356.35 million. Trading activity averages at 1.03M shares per day, while the company's market capitalization stands at $562.49M.

EV 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 63. The stock's profitability, performance, financial strength, and Piotroski Score are strong. However, its growth is weak. Additionally, it is neutral in terms of stock sentiment, and forecast.

Our ST Score also classifies Enersys (ENS) as a high-quality EV stock today, presenting a Score of 62. The stock has strong fundamentals in terms of profitability, performance, financial strength, and Piotroski Score. However, it has weak growth. The stock sentiment, and forecast are neutral.

Another stock in the category, Freeport-McMoRan Inc (FCX) has the ST Score of 55, 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. Growth, stock sentiment, and forecast suggest a neutral outlook.

Honda Motor ADR (HMC) 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, performance, financial strength, and Piotroski Score, but its weaknesses are in its growth. However, it shows a neutral outlook in stock sentiment, and forecast.

Li Auto Inc ADR (LI) currently has the ST Score of 55, which signifies a huge upward potential. The EV stock's strong points are its profitability, performance, financial strength, and Piotroski Score. 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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