Investment Edge: Energy Power Stocks & Budget-Friendly $10 Picks

Stocks tumbled Friday as a stronger-than-expected jobs report shook Wall Street’s confidence in the likelihood of additional interest rate cuts from the Federal Reserve this year.

As of 11:40 AM ET, the Dow was down -678.13 points, or -1.59054%, at $41957.07. The Nasdaq Composite lost -424.255 points, or -2.003%, at $20756.71. The S&P 500 declined -100.73 points, or -1.7%, at $5817.53. Among the 11 major S&P 500 sectors, 10 showed negative movement, with Energy leading the way with a -1.45% decrease.

Adding to the market’s downturn, the University of Michigan’s consumer sentiment index for January came in at 73.2, falling short of the 74 forecasted by Dow Jones. Rising inflation concerns weighed on sentiment, with one-year inflation expectations jumping to 3.3% from 2.8%, and five-year expectations hitting their highest level since June 2008.

Growth stocks, which are particularly vulnerable to rising interest rates, led to losses. Nvidia dropped 3%, while Palantir slid more than 3.5%, reflecting growing investor caution.

Top Movers: Under $10

WISeKey International Holding Ltd ADR (WKEY) is up 41.10% today to trade at the current level of $9.27. SEALSQ Corp (LAES) in collaboration with its parent company WISeKey International Holding Ltd, to organize a thought-provoking roundtable on January 22, 2025 in Davos focused on “Cybersecurity in a Post-Quantum AI Era: What Happens When You Mix Generative AI with Quantum Computing?”

Microvast Holdings Inc (MVST) zoomed 37.97% in today’s trade to $2.58 after announcing a significant milestone in the development of its True All-Solid-State Battery (ASSB) technology.

In current trading, DatChat Inc (DATS) stock is at $6.08 after announcing pricing of $5.1 million registered direct offering priced at-the market under Nasdaq rules.

Vision Marine Technologies Inc (VMAR) rose 67.11% in the early hours of today's trading to move at $2.54. The company announced the establishment of a production line for custom cooling plates in partnership with Calip Group, a leader in high-tech welding processes.

In the current trading session, Brenmiller Energy Ltd (BNRG) jumped 29.13% to $2.97 over a previous close of $2.30. The company announced that its pipeline of potential commercial projects being pursued and developed in collaboration with its exclusive distribution partner in the Northeast U.S., Rock Energy Storage, LLC, has substantially advanced, growing from $150 million to over $210 million in value.

Ex-Dividends Stocks

Global Net Lease Inc (GNL) 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 $0.28 per share. It has fixed January 13 as the record date for the same and will pay the actual dividend on January 16. Last year, the company distributed a total of $1.18 to its shareholders. Based on the last year's worth of payments, GNL has a trailing yield of 16.52% on the current stock price of $7.14.

Shares of Hormel Foods Corp (HRL) will be the talk of stock market on Monday as the stock will turn ex-dividend. The company's next dividend payment will be $0.29 per share, and in the last 12 months, it paid a total of $1.13 per share. Last year's total dividend payments show that HRL has a trailing yield of 3.76% on the current share price of $30.04.

Universal Corp (UVV) is also set to go ex-dividend on Monday. The next dividend payment from UVV will amount to $0.81 per share. January 13 has been designated as the record date for this dividend, with the actual payout scheduled for February 03. In the previous year, UVV distributed a total of $3.22 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for UVV stands at 6.39% based on the current stock price of $50.36.

Shoe Carnival, Inc (SCVL) will be paying out a dividend of $0.14 per share to shareholders holding their shares as of the close of the business hours on the record date of January 13. Over the past 12 months, SCVL has paid out a total of $0.53 per share in dividends. Based on the total dividends paid out last year, SCVL boasts an impressive trailing yield of 1.75% on the current share price of $30.05.

Crypto Market Highlights

• Bybit suspends crypto trading services in India due to regulatory developments.

• Usual DeFi updates USD0++ protocol with dual exit mechanisms for improved sustainability.

• Arbitrum introduces the BoLD protocol for improved dispute resolution in its ecosystem.

• Russian government confiscates $10 million worth of Bitcoin from former officials.

• Philippine banks collaborate to launch a peso-backed stablecoin, PHPX, for cross-border payments and financial inclusion.

Most Shorted Stocks

Canoo Inc (GOEV) was one of the most shorted stocks as of latest short interest figures, with 13.34% 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 0.3 Days to Cover. This represents a change of -13824700 shares, which corresponds to a -95.54% decrease in short interest. The total value of the shares held short is estimated to be around $0.75 million. The average daily volume stands at 2.44M shares, and the market capitalization of the company is $16.80M.

The Cemtrex Inc with the symbol CETX currently has a short interest of 28.16%. The short interest has changed by 200700 shares. The days to cover ratio stands at 0.8 Days to Cover. The estimated value of the shares held short is approximately $1.16 million. On an average day, 501.49K shares are traded, with the company's market capitalization totaling $5.30M.

With the symbol APVO, the stock currently has a short interest of 16.55%. On an average day, 334.40K shares are traded, with the company's market capitalization totaling $7.12M.

The stock WRLD has a current short interest of 8.94%. The short interest percentage has experienced decrease of -5.84% while there was a change of -26200 shares in short interest. The ratio indicating the time required to cover short positions is 19.8 Days to Cover. The calculated worth of the shorted shares amounts to around $27.06 million. Trading activity averages at 21.25K shares per day, while the company's market capitalization stands at $643.72M.

Energy Stocks to Watch

According to our ST Score evaluation, Ares Management Corp (ARES) emerges as a high-quality stock in the Energy industry, attaining an impressive score of 70. The stock's profitability, performance, financial strength, and Piotroski Score are strong. Additionally, it is neutral in terms of growth, stock sentiment, and forecast.

Our ST Score also classifies CoreCard Corporation (CCRD) as a high-quality Energy stock today, presenting a Score of 69. The stock has strong fundamentals in terms of profitability, performance, financial strength, and Piotroski Score. The growth, stock sentiment, and forecast are neutral.

Another stock in the category, FS KKR Capital Corp (FSK) has the ST Score of 69, 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.

GCM Grosvenor Inc (GCMG) stock has the ST Score of 69 which implies that the Energy company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, financial strength, and Piotroski Score. However, it shows neutral outlook in growth, stock sentiment, and forecast.

Silvercrest Asset Management Group Inc (SAMG) currently has the ST Score of 69, which signifies a huge upward potential. The Energy 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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