High Voltage: Biotech Stocks in Focus & $10 Breakout Plays

U.S. markets opened mixed on Thursday as Wall Street hit pause on its Nvidia-led rally to digest fresh tariff threats from President Trump and early corporate earnings from Delta Airlines.

As of 11:20 AM ET, the Dow was up 260.23 points, or 0.5853%, at $44718.54. The Nasdaq Composite lost -95.53 points, or -0.42%, at $22769.38. The S&P 500 rose 8.9 points, or 0.14%, to $6272.16. Among the 11 major S&P 500 sectors, 8 showed negative movement, with Communication Services leading the way with a -1.26% decrease.

The tariff tension resurfaced late Wednesday when Trump issued his harshest trade warning yet, targeting Brazil with a proposed 50% levy on its imports. Despite these escalations, markets have remained resilient, maintaining an overall bullish tone for over two months.

Meanwhile, weekly jobless claims dropped to 227,000—down 5,000 from the previous week—offering a fresh look into the labor market’s cooling pace. Investors are watching closely, as signs of a softening labor environment could influence the Federal Reserve’s timing on potential interest rate cuts. According to minutes from June’s meeting, only a few Fed officials favored starting rate cuts as early as July.

Top Movers: Under $10 

BIT Mining Ltd ADR (BTCM) is up 114.21% today to trade at the current level of $5.27. This comes after the company announced a strategic shift with its expansion into the Solana ecosystem, marking a critical milestone in its long-term growth trajectory.

XCF Global Inc (SAFX) zoomed 49.95% in today’s trade to $2.25. The company shared its strategic plan to invest close to $1 billion in developing a network of SAF production facilities, expanding its U.S. footprint, and advancing its international growth strategy.

In current trading, Toro Corp (TORO) stock is at $3.01 announcing the $18M sale of its LPG carrier Dream Syrax and launching a self-tender offer for up to 4.5 million shares.

Cognition Therapeutics Inc (CGTX) rose 31.22% in the early hours of today's trading to move at $0.7 after completing end-of-phase 2 meeting with FDA for Zervimesine (CT1812) in Alzheimer's disease.

In the current trading session, Healthcare Triangle Inc (HCTI) jumped 16.00% to $0.02 over a previous close of $0.02 after announcing key customer wins and expanded its AI and EHR services, strengthening its role as a leading innovation partner for health systems.

Ex-Dividend Stocks

Medalist Diversified REIT Inc (MDRR) 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 $0.07 per share. It has fixed July 11 as the record date for the same and will pay the actual dividend on July 16. Last year, the company distributed a total of $0.24 to its shareholders. Based on last year's worth of payments, MDRR has a trailing yield of 2.13% on the current stock price of $11.43.

Another stock that is shelling out dividends tomorrow is Bank OZK (OZK), having a market capitalization of $5.94B. It will pay a dividend of $0.44 per share, the payment date of which is July 18. Currently, the stock is trading at a trailing dividend yield of 3.17%.

Shares of CF Bankshares Inc (CFBK) will be the talk of the stock market on Friday as the stock will turn ex-dividend. The company's next dividend payment will be $0.08 per share, and in the last 12 months, it paid a total of $0.27 per share. Last year's total dividend payments show that CFBK has a trailing yield of 1.12% on the current share price of $24.08.

Science Applications International Corp (SAIC) is also set to go ex-dividend tomorrow. The next dividend payment from SAIC will amount to $0.37 per share. July 11 has been designated as the record date for this dividend, with the actual payout scheduled for July 25. In the previous year, SAIC distributed a total of $1.48 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for SAIC stands at 1.26% based on the current stock price of $117.59.

Calamos Dynamic Convertible and Income Fund (CCD) will be paying out a dividend of $0.2 per share to shareholders holding their shares as of the close of the business hours on the record date of July 14. Over the past 12 months, CCD has paid out a total of $2.34 per share in dividends. Based on the total dividends paid out last year, CCD boasts an impressive trailing yield of 11.40% on the current share price of $20.53.

Crypto Market Highlights

• Ant Group is reportedly collaborating with Circle, issuer of USDC, to bring the stablecoin to its blockchain.

• Agora raised $50 million in a Series A funding round led by Paradigm, aiming to expand its AUSD white-label stablecoin amid rising demand for dollar-backed digital assets.

• Malta’s crypto licensing process is under scrutiny by the European Securities and Markets Authority (ESMA) under the MiCA regulatory framework.

• Coinbase International Exchange has integrated with Copper’s ClearLoop to enable off-exchange settlement for institutional clients, responding to high demand for secure trading infrastructure.

• The bankruptcy of Linqto, which held 4.7 million Ripple secondary shares, is not expected to impact the broader pre-IPO markets, according to EquityZen.

Most Shorted Stocks

Irobot Corp (IRBT) was one of the most shorted stocks as of the latest short interest figures, with 28.59% 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 3.7. This represents a change of 270000 shares, which corresponds to a +3.37% increase in short interest. The total value of the shares held short is estimated to be around $32.13 million. The average daily volume stands at 2.39M shares, and the market capitalization of the company is $120.72M.

The Sunrun Inc with the symbol RUN currently has a short interest of 25.83%. The short interest has changed by 50000 shares. The days to cover ratio stands at 2.8. The estimated value of the shares held short is approximately $621.17 million. On an average day, 23.17M shares are traded, with the company's market capitalization totaling $2.49B.

For the stock Cleanspark Inc (CLSK), the current short interest is at 25.52%. This represents a significant short interest change of -2410000 shares, corresponding to a short interest percentage decrease of -3.34%. The days needed to cover the short positions amount to 2.6. The approximate worth of the shares held short is $875.99 million.

With the symbol RIOT, the stock currently has a short interest of 25.40%. The short interest change is 1550000 shares, compared with a short interest percentage change of +1.87%. It would take approximately 2.6 days to cover all the short positions. The shares' short value is estimated to be around $862.03 million. The company boasts an average daily volume of 35.42M shares, contributing to a market capitalization of $4.41B.

The stock TMDX has a current short interest of 24.99%. The short interest percentage has experienced a decrease of -2.72% while there was a change of -220000 shares in short interest. The ratio indicating the time required to cover short positions is 7.4. The calculated worth of the shorted shares amounts to around $10.71 billion. Trading activity averages at 999.19K shares per day, while the company's market capitalization stands at $4.29B.

Biotech Stocks to Watch

According to our ST Score evaluation, Black Diamond Therapeutics Inc (BDTX) emerges as a high-quality stock in the Biotech industry, attaining an impressive score of 61. The stock's profitability, financial strength, and Piotroski Score are strong. However, its stock sentiment and forecast are weak. Additionally, it is neutral in terms of performance and growth.

Our ST Score also classifies Atea Pharmaceuticals Inc (AVIR) as a high-quality Biotech stock today, presenting a Score of 60. The stock has strong fundamentals in terms of performance and financial strength. However, it has weak growth and a Piotroski Score. The profitability, stock sentiment, and forecast are neutral.

Another stock in the category, Halozyme Therapeutics Inc (HALO) has the ST Score of 62, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, financial strength, and Piotroski Score. Growth, stock sentiment, and the forecast suggest a neutral outlook.

Krystal Biotech Inc (KRYS) stock has the ST Score of 62 which implies that the Biotech company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, growth, financial strength, and Piotroski Score. However, it shows neutral outlook in stock sentiment, and forecast.

Stoke Therapeutics Inc (STOK) currently has the ST Score of 62, which signifies a huge upward potential. The Biotech 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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