Dear Readers,

Stocks saw an increase on Friday as traders monitored Treasury yields following the conclusion of an eight-day winning streak for the S&P 500.

The 10-year and 30-year Treasury yields dropped around 5 basis points, contrasting with the previous day when they rose by more than 10 basis points after Federal Reserve Chair Jerome Powell expressed uncertainty about the central bank’s efforts against inflation. Additionally, a Treasury auction with weak demand contributed to higher yields on Thursday.

On Thursday, the S&P 500 declined by 0.8%, breaking its longest winning streak since 2021. The Nasdaq Composite also decreased by 0.9%, concluding a nine-day winning streak, marking its lengthiest run of gains in two years. The 30-stock Dow experienced a nearly 0.7% drop.

As of 11:39 AM ET, the Dow was up 124.707 points, or 0.368%, at $34016.65. The Nasdaq Composite added 171.5127 points, or 1.1293%, at $15359.41. The S&P 500 rose 25.9297 points, or 0.5964%, at $4373.28. Among the 11 major S&P 500 sectors, 6 showed negative movement, with Energy leading the way with a -7.82% decrease.

Top Movers: Under $10

INVO Bioscience Inc (INVO) is up 111.16% today to trade at the current level of $1.45. This comes after INVO and NAYA Biosciences Inc. announced that following the closing of their pending merger, Dr. Peter Kash, Ed.D., MBA will join the combined company's Board of Directors as Vice Chairman.

Marpai Inc (MRAI) zoomed 66.36% in today’s trade to $0.63 after announcing changes to its leadership team.

In current trading, Direct Digital Holdings Inc (DRCT) stock is at $3.52 after announcing financial results for the third quarter ended September 30, 2023.

Inuvo Inc (INUV) rose 18.75% in the early hours of today's trading to move at $0.22. The company reported record quarterly revenue of $24.6 Million, a 44% year-over-year Increase for the third quarter of 2023.

In the current trading session, Intrusion Inc (INTZ) jumped 17.87% to $0.58 over a previous close of $0.49 after declaring securities purchase agreement through a private offering.

Ex-Dividends Stocks

Amerant Bancorp Inc (AMTB) is about to trade ex-dividend Monday, meaning that investors who buy the stock after Monday will not be eligible for the next dividend payment. The company's next dividend payment will be $0.09 per share. The company has fixed November 14 as the record date for the same and will pay the actual dividend on November 30. Last year, the company distributed a total of $0.36 to its shareholders. Based on the last year's worth of payments, AMTB has a trailing yield of 1.90% on the current stock price of $18.91.

Another stock that is shelling out dividends on Monday is American Water Works Co. Inc. (AWK), having a market capitalization of $24.16B. It will pay a dividend of $0.71 per share, the payment date of which is December 01. Currently, the stock is trading at a trailing dividend yield of 2.24%.

Shares of Bloomin Brands Inc (BLMN) will be the talk of stock market on Monday as the stock will turn ex-dividend. The company's next dividend payment will be $0.24 per share, and in the last 12 months, the company paid a total of $0.95 per share. Last year's total dividend payments show that BLMN has a trailing yield of 4.24% on the current share price of $22.34.

Paychex Inc. (PAYX) is also set to go ex-dividend on Monday. The next dividend payment from PAYX will amount to $0.89 per share. November 14 has been designated as the record date for this dividend, with the actual payout scheduled for November 28. In the previous year, PAYX distributed a total of $3.50 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for PAYX stands at 3.06% based on the current stock price of $114.51.

Welltower Inc. (WELL) will be paying out a dividend of $0.61 per share to shareholders holding their shares as of the close of the business hours on the record date of November 14. Over the past 12 months, WELL has paid out a total of $2.44 per share in dividends. Based on the total dividends paid out last year, WELL boasts an impressive trailing yield of 2.87% on the current share price of $85.22.

Crypto Market Highlights

Most Shorted Stocks

Imperial Petroleum Inc (IMPP) was one of the most shorted stocks as of latest short interest figures, with 12.36% 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 0.9. This represents a change of 11200 shares, which corresponds to a +1.26% increase in short interest. The total value of the shares held short is estimated to be around $1.46 million. The average daily volume stands at 992.45K shares, and the market capitalization of the company is $27.88M.

The Sovos Brands Inc with the symbol SOVO currently has a short interest of 24.47%. The short interest has changed by 2350000 shares. The days to cover ratio stands at 6.0. The estimated value of the shares held short is approximately $260.55 million. On an average day, 1.82M shares are traded, with the company's market capitalization totaling $2.18B.

For the stock ProKidney Corp (PROK), the current short interest is at 26.54%. This represents a significant short interest change of 670000 shares, corresponding to a short interest percentage increase of +8.27%. The days needed to cover the short positions amount to 16.2. The approximate worth of the shares held short is $14.65 million.

The stock RUN has a current short interest of 24.12%. The short interest percentage has experienced increase of +8.33% while there was a change of 4040000 shares in short interest. The ratio indicating the time required to cover short positions is 5.0. The calculated worth of the shorted shares amounts to around $31152.0. Trading activity averages at 10.98M shares per day, while the company's market capitalization stands at $2.06B.

Energy Stocks to Watch

According to our ST Score evaluation, Imperial Petroleum Inc (IMPP) emerges as a high-quality stock in the Energy industry, attaining an impressive score of 65.0. The stock's valuation, financial strength, and Piotroski Score are strong. Additionally, it is neutral in terms of profitability, performance, growth, stock sentiment, and forecast.

Our ST Score also classifies Euronav NV (EURN) as a high-quality Energy stock today, presenting a Score of 64.0. The stock has strong fundamentals in terms of profitability, financial strength, stock sentiment, and Piotroski Score. The value, performance, growth, and forecast are neutral.

Another stock in the category, Scorpio Tankers Inc (STNG) has the ST Score of 64.0, which means that the stock carries the potential for higher returns. The stock is strong in valuation, profitability, financial strength, stock sentiment, and Piotroski Score but weak in growth. Performance, and forecast suggest a neutral outlook.

Teekay Corp (TK) stock has the ST Score of 63.0 which implies that the Energy company has a high probability of beating the market. The stock's strengths lie in its valuation, financial strength, and Piotroski Score, but its weaknesses are in its growth. However, it shows neutral outlook in profitability, performance, stock sentiment, and forecast.

Dynagas LNG Partners LP (DLNG) currently has the ST Score of 63.0, which signifies a huge upward potential. The Energy stock's strong points are its valuation, financial strength, stock sentiment, and Piotroski Score. The stock's profitability, performance, growth, and forecast indicate a neutral outlook.