Lunchtime Update: Big Energy Climbers & Hidden $10 Winners

The Dow Jones Industrial Average retreated on Friday, heading for its worst week in nearly two years as a series of trade policy actions unsettled investors.

As of, 11:22 AM ET, the Dow was down -236.51 points, or -0.55546%, at $42342.57. The Nasdaq Composite lost -160.345 points, or -0.79962%, at $19892.29. The S&P 500 declined -40.42 points, or -0.70436%, at $5698.1. Among the 11 major S&P 500 sectors, 6 showed negative movement, with Consumer Defensive leading the way with a -2.69% decrease.

A weaker-than-expected jobs report added to the concerns about economic softening, sending Treasury yields lower. Nonfarm payrolls increased by 151,000 jobs in February, below the consensus forecast of 170,000 from economists polled by Dow Jones. The unemployment rate ticked up to 4.1%.

Financial and consumer discretionary stocks led the market's decline on Friday, with both S&P 500 sectors sliding more than 2%. Both sectors are also on track for their worst weekly performance in over a year.

Top Movers: Under $10

GEN Restaurant Group Inc (GENK) is up 33.99% today to trade at the current level of $6.82. This comes after the company announced the fourth quarter and full year 2024 financial results.

Visionary Holdings Inc (GV) zoomed 37.83% in today’s trade to $6.74. The company has achieved a significant breakthrough in the field of new energy vehicles by successfully securing an order for 12,000 new energy vehicles.

In current trading, Plus Therapeutics Inc (PSTV) stock is at $1.88 following the publication of results in a peer-reviewed manuscript titled, "Treatment of Recurrent Glioma by Rhenium (186Re) Obisbemeda: a Phase 1 clinical trial" in the peer-reviewed medical journal Nature Communications.

Lottery.com Inc (LTRY) rose 11.76% in the early hours of today's trading to move at $1.14. The company regained full compliance with Nasdaq’s continued listing rules.

In the current trading session, WANG & LEE Group Inc (WLGS) jumped 17.38% to $4.31 over a previous close of $3.67 after announcing that it has been awarded a US$71 million contract by NQ Marble Pty Ltd.

Ex-Dividends Stocks

Allstate Corp (ALL) is about to trade ex-dividend Monday, 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 $1 per share. It has fixed March 10 as the record date for the same and will pay the actual dividend on April 01. Last year, the company distributed a total of $3.68 to its shareholders. Based on the last year's worth of payments, ALL has a trailing yield of 1.85% on the current stock price of $198.78.

Shares of Fedex Corp (FDX) will be the talk of the stock market on Monday as the stock will turn ex-dividend. The company's next dividend payment will be $1.38 per share, and in the last 12 months, it paid a total of $5.40 per share. Last year's total dividend payments show that FDX has a trailing yield of 2.16% on the current share price of $250.32.

Tomorrow, Alphabet Inc (GOOG) is also set to go ex-dividend on Monday. The next dividend payment from GOOG will amount to $0.2 per share. March 10 has been designated as the record date for this dividend, with the actual payout scheduled for March 17. In the previous year, GOOG distributed a total of $0.60 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for GOOG stands at 0.35% based on the current stock price of $173.84.

Hecla Mining Co (HL) will be paying out a dividend of $0.0 per share to shareholders holding their shares as of the close of the business hours on the record date of March 10. Over the past 12 months, HL has paid out a total of $0.04 per share in dividends. Based on the total dividends paid out last year, HL boasts an impressive trailing yield of 0.69% on the current share price of $5.47.

Crypto Market Highlights

• A senior White House official confirmed that US President Donald Trump's crypto summit on March 7 will focus on rolling back anti-crypto policies, not taxes.

• US Treasury Secretary Scott Bessent called for bringing Bitcoin onshore and plans to discuss acquiring more BTC at the White House Crypto Summit on March 7.

• Decentralized exchange aggregator 1inch lost $5 million in cryptocurrency due to a smart contract vulnerability exploited by a hacker.

• Bitcoin analysts warn of limited upside potential for the cryptocurrency after disappointment over Trump’s Strategic Bitcoin Reserve plan, which did not include direct government purchases of Bitcoin 

• US President Donald Trump signed an executive order establishing a “Strategic Bitcoin Reserve” and a “Digital Asset Stockpile,” initially funded by cryptocurrency forfeited in government criminal cases.

Most Shorted Stocks

Fuelcell Energy Inc (FCEL) was one of the most shorted stocks as of latest short interest figures, with 22.88% 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 3.8. This represents a change of -390000 shares, which corresponds to a -7.49% decrease in short interest. The total value of the shares held short is estimated to be around $31.47 million. The average daily volume stands at 1.16M shares, and the market capitalization of the company is $138.17M.

The Pacific Biosciences of California Inc with the symbol PACB currently has a short interest of 24.95%. The short interest has changed by 6290000 shares. The days to cover ratio stands at 6.1. The estimated value of the shares held short is approximately $87.36 million. On an average day, 11.19M shares are traded, with the company's market capitalization totaling $358.76M.

For the stock Bit Digital Inc (BTBT), the current short interest is at 38.36%. This represents a significant short interest change of -880000 shares, corresponding to a short interest percentage decrease of -2.48%. The days needed to cover the short positions amount to 1.9. The approximate worth of the shares held short is $84.01 million.

With the symbol NVAX, the stock currently has a short interest of 22.35%. The short interest change is 510000 shares, compared with a short interest percentage change of +1.46%. It would take approximately 8.8 days to cover all the short positions. The shares short value is estimated to be around $288.31 million. The company boasts an average daily volume of 4.23M shares, contributing to a market capitalization of $1.34B.

The stock LAZR has a current short interest of 28.49%. The short interest percentage has experienced a decrease of -5.89% while there was a change of -460000 shares in short interest. The ratio indicating the time required to cover short positions is 2.8. The calculated worth of the shorted shares amounts to around $166.97 million. Trading activity averages at 2.44M shares per day, while the company's market capitalization stands at $156.83M.

Energy Stocks to Watch

According to our ST Score evaluation, Texas Pacific Land Corporation (TPL) emerges as a high-quality stock in the Energy industry, attaining an impressive score of 64. 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 Coterra Energy Inc (CTRA) as a high-quality Energy stock today, presenting a Score of 63. The stock has strong fundamentals in terms of profitability, performance, growth, financial strength, and Piotroski Score. The stock sentiment, and forecast are neutral.

Another stock in the category, Tenaris S.A. ADR (TS) has the ST Score of 63, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, financial strength, and Piotroski Score but weak in growth. Stock sentiment, and forecast suggest a neutral outlook.

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

Star Group L.P (SGU) currently has the ST Score of 62, which signifies a huge upward potential. The Energy stock's strong points are its profitability, performance, and Piotroski Score, while its weak points are its financial strength. 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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