Future Favorites: 5 AI Stocks on the Verge of Skyrocketing!

The Dow Jones Industrial Average made gains on Wednesday morning in anticipation of the Federal Reserve's forthcoming interest rate decision. This followed a recent decline in oil prices, which had surged past $92 on Tuesday, triggering concerns about potential inflationary pressures and their impact on the global economy.

At 11:36 AM ET, the Dow was up 187.7188 points, or 0.5438%, at $34705.45. The Nasdaq Composite lost -30.416 points, or -0.2002%, at $15160.818. The S&P 500 rose 7.1597 points, or 0.1611%, at $4451.11. Among the 11 major S&P 500 sectors, 8 showed positive movement, with Energy leading the way with a 0.65% increase.

On the financial front, the 10-year Treasury yield retreated on Wednesday after reaching its highest level since 2007 the previous day. Investors are hopeful that market rates will begin to reverse course as inflation moderates and the Fed takes a more cautious stance on rate hikes.

The Federal Reserve is widely expected to maintain interest rates at their current levels when they announce their decision at 2 p.m. ET. However, investors will closely scrutinize the summary of economic projections and Fed Chair Jerome Powell's press conference for any indications of the central bank's future rate hike intentions, including the possibility of one more hike before the year's end.

Top Movers: Under $10

Genius Group Limited (GNS) is up 16.48% today to trade at the current level of $1.02. This comes after the company reported that it has signed a joint venture partnership with Groove Digital Inc and Groove AI to deliver artificial-intelligence powered tools to GeniusU partners and faculty.

Azul S.A. (AZUL) zoomed 13.53% in today’s trade to $9.39 after receiving a Buy rating from Goldman Sachs, accompanied by a price target of $18.30.

In current trading, Inozyme Pharma Inc. (INZY) stock is at $4.84. The company will host an Investor and Analyst Event on Tuesday, September 26, 2023 at 8:00 a.m. Eastern Time.

Evaxion Biotech A/S (EVAX) rose 43.63% in the early hours of today's trading to move at $0.69 following the declarationf of a collaboration with Afrigen Biologics (Afrigen).

In the current trading session, Cemtrex, Inc. (CETX) jumped 11.56% to $6.08 over a previous close of $5.45. The company declared that it will participate at the LD Micro Main Event XVI Conference taking place October 3-4, 2023.

Ex-Dividends Stocks

Medtronic plc (MDT) 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 $0.69 per share. The company has fixed September 22 as the record date for the same and will pay the actual dividend on October 13. Last year, the company distributed a total of $2.76 to its shareholders. Based on the last year's worth of payments, MDT has a trailing yield of 3.34% on the current stock price of $82.58.

Another stock that is shelling out dividends tomorrow is Qifu Technology Inc. (QFIN), having a market capitalization of $2.57B. It will pay a dividend of $0.49 per share, the payment date of which is November 01. Currently, the stock is trading at a trailing dividend yield of 5.31%.

Shares of Putnam Premier Income Trust (PPT) will be the talk of stock market on Thursday as the stock will turn ex-dividend. The company's next dividend payment will be $0.03 per share, and in the last 12 months, the company paid a total of $0.31 per share. Last year's total dividend payments show that PPT has a trailing yield of 8.91% on the current share price of $3.50.

Flowserve Corporation (FLS) is also set to go ex-dividend tomorrow. The next dividend payment from FLS will amount to $0.2 per share. September 22 has been designated as the record date for this dividend, with the actual payout scheduled for October 06. In the previous year, FLS distributed a total of $0.80 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for FLS stands at 2.01% based on the current stock price of $39.78.

Federal Realty Investment Trust (FRT) will be paying out a dividend of $1.09 per share to shareholders holding their shares as of the close of the business hours on the record date of September 22. Over the past 12 months, FRT has paid out a total of $4.36 per share in dividends. Based on the total dividends paid out last year, FRT boasts an impressive trailing yield of 4.47% on the current share price of $97.50.

Crypto Market Highlights

Most Shorted Stocks

Tivic Health Systems Inc. (TIVC) was one of the most shorted stocks as of latest short interest figures, with 1.67% 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 0.5. This represents a change of 410500 shares, which corresponds to a +501.83% increase in short interest. The total value of the shares held short is estimated to be around $1.08 million. The average daily volume stands at 924.45K shares, and the market capitalization of the company is $3.23M.

The Winnebago Industries Inc. with the symbol WGO currently has a short interest of 20.73%. The short interest has changed by -180000 shares. The days to cover ratio stands at 14.9. The estimated value of the shares held short is approximately $374.8 million. On an average day, 421.34K shares are traded, with the company's market capitalization totaling $1.97B.

For the stock MicroStrategy Incorporated (MSTR), the current short interest is at 26.6%. Averaging 775.98K shares traded per day, this company's market capitalization remains solid at $4.88 billion.

The stock VUZI has a current short interest of 20.97%. The short interest percentage has experienced decrease of -4.81% while there was a change of -620000 shares in short interest. The ratio indicating the time required to cover short positions is 17.5. The calculated worth of the shorted shares amounts to around $63.22 million. Trading activity averages at 614.47K shares per day, while the company's market capitalization stands at $225.49M.

AI Stock to Watch

According to our ST Score evaluation, Meta Platforms Inc. (META) emerges as a high-quality stock in the AI industry, attaining an impressive score of 57.0. The stock's profitability, performance, and stock sentiment are strong. However, its value, and financial strength are weak. Additionally, it is neutral in terms of growth, Piotroski Score, and forecast.

Our ST Score also classifies Vertiv Holdings Co (VRT) as a high-quality AI stock today, presenting a Score of 56.0. The stock has strong fundamentals in terms of profitability, performance, stock sentiment, and Piotroski Score. However, it has weak value, and financial strength. The growth, and forecast are neutral.

Another stock in the category, NICE Ltd. (NICE) has the ST Score of 57.0, which means that the stock carries the potential for higher returns. The stock is strong in profitability, growth, stock sentiment, and Piotroski Score but weak in performance, and financial strength. Value, and forecast suggest a neutral outlook.

Alibaba Group Holding Limited (BABA) stock has the ST Score of 56.0 which implies that the AI company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, and Piotroski Score, but its weaknesses are in its value, and financial strength. However, it shows neutral outlook in growth, stock sentiment, and forecast.

Palo Alto Networks Inc. (PANW) currently has the ST Score of 56.0, which signifies a huge upward potential. The AI stock's strong points are its profitability, performance, growth, stock sentiment, and Piotroski Score, while its weak points are its value, and financial strength. The stock's forecast indicate a neutral outlook.