Investor's Watchlist: 5 Hottest AI Stocks of the Hour!

On Wednesday, the Dow Jones Industrial Average experienced a decline, extending the significant losses observed in the prior session. This downward trend was influenced by a surge in Treasury yields and an increase in oil prices, causing a dent in investor confidence.

As of 11:48 AM ET, the Dow was down -142.3281 points, or -0.4234%, at $33476.55. The Nasdaq Composite lost -25.8623 points, or -0.1778%, at $14519.964. The S&P 500 declined -10.8999 points, or -0.2551%, at $4262.63. Among the 11 major S&P 500 sectors, 8 showed negative movement, with Utilities leading the way with a -1.07% decrease.

The 10-year Treasury yield, which had been down earlier in the day, remained mostly unchanged but continued to hover near levels not seen since 2007. The 2-year Treasury yield also rebounded. In parallel, U.S. crude futures recorded a substantial gain of nearly 3%, reaching a trading price exceeding $93 per barrel.

These developments stirred concerns about persistent inflation, raising the prospect of the Federal Reserve maintaining higher interest rates for an extended duration.

Notably, the energy sector emerged as the day's top performer, posting a more than 2% increase. This surge was primarily led by Marathon Oil and APA, both of which saw gains exceeding 3%.

Top Movers: Under $10

ShiftPixy Inc (PIXY) is up 164.37% today to trade at the current level of $1.15. This comes after the company announced reverse stock split effective date.

SciSparc Ltd (SPRC) zoomed 76.23% in today’s trade to $0.28 following the announcement that their 1-for-26 reverse share split is set to take effect after today's market close.

In current trading, American Strategic Investment Co (NYC) stock is at $7.84 as Bellevue Capital Partners, LLC initiated a tender offer to acquire 350,000 shares of NYC common stock at $10.25 per share through the "Tender Offer" announcement today.

GAN Limited (GAN) rose 15.75% in the early hours of today's trading to move at $1.25. The company announced that its Board of Directors has accepted the resignation of Dermot Smurfit from his position as the Company’s Chief Executive Officer and as a director of the Company and its operating subsidiaries.

In the current trading session, VBI Vaccines Inc. (VBIV) jumped 11.82% to $0.70 over a previous close of $0.63 after unveiling promising interim data from the Phase 1 clinical study of VBI-2901.

Ex-Dividends Stocks

Telefonaktiebolaget L M Ericsson ADR (ERIC) 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 $0.08 per share. The company has fixed September 29 as the record date for the same and will pay the actual dividend on October 04. Last year, the company distributed a total of $0.25 to its shareholders. Based on the last year's worth of payments, ERIC has a trailing yield of 5.10% on the current stock price of $4.86.

Another stock that is shelling out dividends tomorrow is Fifth Third Bancorp (FITB), having a market capitalization of $17.10B. It will pay a dividend of $0.33 per share, the payment date of which is July 17. Currently, the stock is trading at a trailing dividend yield of 5.37%.

Shares of AGNC Investment Corp (AGNC) will be the talk of stock market on Thursday as the stock will turn ex-dividend. The company's next dividend payment will be $0.12 per share, and in the last 12 months, the company paid a total of $1.44 per share. Last year's total dividend payments show that AGNC has a trailing yield of 15.29% on the current share price of $9.41.

FMC Corp. (FMC) is also set to go ex-dividend tomorrow. The next dividend payment from FMC will amount to $0.58 per share. September 29 has been designated as the record date for this dividend, with the actual payout scheduled for October 19. In the previous year, FMC distributed a total of $2.29 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for FMC stands at 3.45% based on the current stock price of $66.46.

Sunstone Hotel Investors Inc (SHO) will be paying out a dividend of $0.07 per share to shareholders holding their shares as of the close of the business hours on the record date of September 29. Over the past 12 months, SHO has paid out a total of $0.23 per share in dividends. Based on the total dividends paid out last year, SHO boasts an impressive trailing yield of 2.51% on the current share price of $9.34.

Crypto Market Highlights

Most Shorted Stocks

Wheeler Real Estate Investment Trust Inc (WHLR) was one of the most shorted stocks as of latest short interest figures, with 50.92% 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 0.7. This represents a change of 274700 shares, which corresponds to a +771.63% increase in short interest. The total value of the shares held short is estimated to be around $0.91 million. The average daily volume stands at 449.93K shares, and the market capitalization of the company is $2.87M.

The Fisker Inc with the symbol FSR currently has a short interest of 24.18%. The short interest has changed by 1240000 shares. The days to cover ratio stands at 9.5. The estimated value of the shares held short is approximately $496.22 million. On an average day, 8.75M shares are traded, with the company's market capitalization totaling $2.05B.

For the stock Beyond Meat Inc (BYND), the current short interest is at 39.5%. This represents a significant short interest change of -1,254,968 shares. The days needed to cover the short positions amount to 12.06. With an average daily trading volume of 2.58 million shares, the company's market capitalization is a solid $601.97 million.

The stock UPST has a current short interest of 37.72%. The short interest percentage has experienced increase of +2.64% while there was a change of 690000 shares in short interest. The ratio indicating the time required to cover short positions is 2.8. Trading activity averages at 9.38M shares per day, while the company's market capitalization stands at $2.31B.

AI Stocks to Watch

According to our ST Score evaluation, EPAM Systems Inc (EPAM) emerges as a high-quality stock in the AI industry, attaining an impressive score of 60.0. The stock's profitability, financial strength, and Piotroski Score are strong. However, its value are weak. Additionally, it is neutral in terms of performance, growth, stock sentiment, and forecast.

Our ST Score also classifies Audiocodes (AUDC) as a high-quality AI stock today, presenting a Score of 59.0. The stock has strong fundamentals in terms of profitability, financial strength, and stock sentiment. However, it has weak value. The performance, growth, Piotroski Score, and forecast are neutral.

Another stock in the category, Palantir Technologies Inc (PLTR) has the ST Score of 58.0, which means that the stock carries the potential for higher returns. The stock is strong in profitability, growth, and financial strength but weak in value. Performance, stock sentiment, piotroski score, and forecast suggest a neutral outlook.

Ansys Inc. (ANSS) 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, stock sentiment, and Piotroski Score, but its weaknesses are in its value, and growth. However, it shows neutral outlook in performance, financial strength, and forecast.

CSX Corp. (CSX) currently has the ST Score of 53.0, which signifies a huge upward potential. The AI stock's strong points are its profitability, and Piotroski Score, while its weak points are its growth, and financial strength. The stock's value, performance, stock sentiment, and forecast indicate a neutral outlook.

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