Investment Brief: AI Growth Stocks & $10 Opportunities

U.S. stocks pared earlier losses as traders navigated the latest developments in Ukraine-Russia tensions while bracing for Nvidia Corp.’s earnings, a pivotal moment for the tech sector set to unfold later Wednesday. The dollar strengthened, with Bloomberg’s dollar gauge climbing 0.5% after a three-day slide.

As of 11:51 AM ET, the Dow was down -8.33 points, or -0.0193%, at $43260.62. The Nasdaq Composite lost -206.25 points, or -1%, at $20478.3432. The S&P 500 declined -21.74 points, or -0.37%, at $5895.23. Among the 11 major S&P 500 sectors, 7 showed negative movement, with Consumer Cyclical leading the way with a -0.8% decrease.

Traders are also keeping a close eye on President Trump’s latest administration picks. Former Federal Reserve Governor Kevin Warsh and Apollo Global Management’s Marc Rowan are reportedly contenders for the Treasury Secretary role. Additionally, Cantor Fitzgerald CEO Howard Lutnick has been tapped to lead the Commerce Department, a critical position for implementing Trump’s tariff and trade policies.

With Nvidia’s earnings expected to serve as one of the most significant market catalysts this year, all eyes remain on its report and guidance. Stay tuned for more updates as the day unfolds. 

Top Movers: Under $10

Quantum-Si Incorporated (QSI) is up 108.53% today to trade at the current level of $1.32. This comes after the company announced a collaboration with NVIDIA.

Red Cat Holdings Inc (RCAT) zoomed 33.45% in today’s trade to $6.33 after Palladyne AI Corp. announced an expanded partnership with Red Cat Holdings, Inc. (RCAT) and its Teal Drones subsidiary.

In current trading, Kingsoft Cloud Holdings Ltd ADR (KC) stock is at $6.12 following the release unaudited third quarter 2024 financial results with accelerated revenue growth and robust expansion of gross and EBITDA profit.

Palladyne AI Corp (PDYN) rose 24.17% in the early hours of today's trading to move at $2.23 after announcing an expanded partnership with Red Cat Holdings, Inc. (RCAT) and its Teal Drones subsidiary.

In the current trading session, Safe Pro Group Inc (SPAI) jumped 23.48% to $2.84 over a previous close of $2.30 after announcing that it was being awarded its first patent from the United States Patent and Trademark Office, for its groundbreaking technology that identifies, locates and maps explosives through its Artificial intelligence-powered SpotlightAI drone image analysis and reporting software platform.

Ex-Dividends Stocks

Archer Daniels Midland Co (ADM) 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 $0.5 per share. It has fixed November 21 as the record date for the same and will pay the actual dividend on December 12. Last year, the company distributed a total of $1.95 to its shareholders. Based on the last year's worth of payments, ADM has a trailing yield of 3.68% on the current stock price of $52.96.

Shares of Applied Materials Inc (AMAT) will be the talk of stock market on Thursday as the stock will turn ex-dividend. The company's next dividend payment will be $0.4 per share, and in the last 12 months, it paid a total of $1.44 per share. Last year's total dividend payments show that AMAT has a trailing yield of 0.85% on the current share price of $168.72.

Tomorrow, Hecla Mining Co (HL) is also set to go ex-dividend tomorrow. The next dividend payment from HL will amount to $0.01 per share. November 21 has been designated as the record date for this dividend, with the actual payout scheduled for December 04. In the previous year, HL distributed a total of $0.03 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for HL stands at 0.49% based on the current stock price of $5.62.

Marriott International, Inc (MAR) will be paying out a dividend of $0.63 per share to shareholders holding their shares as of the close of the business hours on the record date of November 21. Over the past 12 months, MAR has paid out a total of $2.30 per share in dividends. Based on the total dividends paid out last year, MAR boasts an impressive trailing yield of 0.82% on the current share price of $279.20.

Crypto Market Highlights

• Japan will proceed with a proposed stimulus package, with Prime Minister Shigeru Ishiba pledging bipartisan talks to push for broad tax reform.

• Hoth Therapeutics has committed up to $1 million to Bitcoin, seeking to leverage the cryptocurrency as a store of value and inflation hedge.

• MicroStrategy has increased its upcoming note sale to $2.6 billion, indicating strong optimism for Bitcoin to surpass the $100,000 threshold.

• Grayscale Investments is enhancing the cost efficiency of its crypto ETFs by implementing reverse share splits.

• The Russian government is considering cryptocurrency mining restrictions in 13 regions following new industry-related laws.

Most Shorted Stocks

Luminar Technologies Inc (LAZR) was one of the most shorted stocks as of latest short interest figures, with 23.02% 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 2810000 shares, which corresponds to a +2.53% increase in short interest. The total value of the shares held short is estimated to be around $88.66 million. The average daily volume stands at 32.00M shares, and the market capitalization of the company is $388.66M.

The Lovesac Company with the symbol LOVE currently has a short interest of 29.31%. The short interest has changed by 120000 shares. The days to cover ratio stands at 14.9. The estimated value of the shares held short is approximately $129.85 million. On an average day, 278.40K shares are traded, with the company's market capitalization totaling $492.74M.

For the stock ChargePoint Holdings Inc (CHPT), the current short interest is at 29.99%. This represents a significant short interest change of 4380000 shares, corresponding to a short interest percentage increase of +3.86%. The days needed to cover the short positions amount to 10.3. The approximate worth of the shares held short is $129.61 million.

With the symbol OPK, the stock currently has a short interest of 30.05%. The short interest change is 2920000 shares, compared with a short interest percentage change of +3.14%. It would take approximately 29.6 days to cover all the short positions. The shares short value is estimated to be around $183.81 million. The company boasts an average daily volume of 3.62M shares, contributing to a market capitalization of $1.06B.

The stock TWG has a current short interest of 42.80%. The short interest percentage has experienced a decrease of -72.03% while there was a change of -2204000 shares in short interest. The ratio indicating the time required to cover short positions is 0.1. The calculated worth of the shorted shares amounts to around $26.84 million. Trading activity averages at 8.95M shares per day, while the company's market capitalization stands at $8.09M.

AI Stocks to Watch

According to our ST Score evaluation, Amazon.com Inc (AMZN) emerges as a high-quality stock in the AI industry, attaining an impressive score of 59. The stock's profitability, performance, and Piotroski Score are strong. Additionally, it is neutral in terms of growth, financial strength, stock sentiment, and forecast.

Our ST Score also classifies Salesforce Inc (CRM) as a high-quality AI stock today, presenting a Score of 57. The stock has strong fundamentals in terms of profitability, performance, and Piotroski Score. However, it has weak growth and financial strength. The stock sentiment and forecast are neutral.

Another stock in the category, EPAM Systems Inc (EPAM) has the ST Score of 57, which means that the stock carries the potential for higher returns. The stock is strong in profitability, financial strength, and Piotroski Score. Performance, growth, stock sentiment, and forecast suggest a neutral outlook.

ServiceNow Inc (NOW) stock has the ST Score of 56 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 financial strength. However, it shows a neutral outlook in growth, stock sentiment, and forecast.

Audiocodes (AUDC) currently has the ST Score of 54, which signifies a huge upward potential. The AI stock's strong points are its profitability, financial strength, and Piotroski Score, while its weak points are its performance and growth. The stock's 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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