📅 Mark Your Calendar: These IPOs Launching This Week Could Explode

Stocks climbed on Monday, lifted by a 4% gain in Apple shares following a bullish analyst upgrade citing strong iPhone demand. The Dow rose 377 points (0.8%), the S&P 500 gained 1%, and the Nasdaq advanced 1.4%.

Investor optimism was fueled by hopes of a resolution to the U.S. government shutdown, solid early Q3 earnings, and expectations of a Fed rate cut later this month. So far, 76% of S&P 500 companies reporting have exceeded earnings forecasts.

Key reports this week include Netflix, Tesla, Coca-Cola, and Intel. Markets also stabilized after last week’s volatility tied to bank loan concerns and U.S.-China tensions, with financials like Zions and Western Alliance rebounding.

Top Movers: Under $10 

Replimune Group Inc (REPL) is up 112.33% today to trade at the current level of $9.56. This comes after the company announced FDA acceptance of BLA resubmission of RP1 for the treatment of advanced melanoma.

Citius Pharmaceuticals Inc (CTXR) zoomed 35.86% in today’s trade to $1.97 after announcing that it has entered into a distribution services agreement with McKesson Corporation (NYSE: MCK).

In current trading, Datavault AI Inc (DVLT) stock is at $2.29 following the announcement of a strategic partnership with Max International AG as its licensed partner.

Azitra Inc (AZTR) rose 28.08% in the early hours of today's trading to move at $0.88 after announcing positive preclinical data for ATR-01 program, designed to treat Ichthyosis Vulgaris.

In the current trading session, TAO Synergies Inc (TAOX) jumped 22.13% to $8.83 over a previous close of $7.23 after announcing that through acquisition and staking, the Company's total TAO holdings have increased to 54,058 tokens.

Ex-Dividend Stocks

Costamare Inc (CMRE) 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 $0.12 per share. It has fixed October 21 as the record date for the same and will pay the actual dividend on November 06. Last year, the company distributed a total of $0.37 to its shareholders. Based on the last year's worth of payments, CMRE has a trailing yield of 3.21% on the current stock price of $11.52.

Another stock that is shelling out dividends tomorrow is Dell Technologies Inc (DELL), having a market capitalization of $100.33B. It will pay a dividend of $0.53 per share, the payment date of which is October 31. Currently, the stock is trading at a trailing dividend yield of 1.30%.

Shares of Carpenter Technology Corp (CRS) will be the talk of stock market on Tuesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.2 per share, and in the last 12 months, it paid a total of $0.80 per share. Last year's total dividend payments show that CRS has a trailing yield of 0.33% on the current share price of $241.96.

Carlyle Credit Income Fund (CCIF) is also set to go ex-dividend tomorrow. The next dividend payment from CCIF will amount to $0.1 per share. November 17 has been designated as the record date for this dividend, with the actual payout scheduled for November 28. In the previous year, CCIF distributed a total of $1.26 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for CCIF stands at 23.64% based on the current stock price of $5.33.

Special Opportunities Fund Inc (SPE) will be paying out a dividend of $0.11 per share to shareholders holding their shares as of the close of the business hours on the record date of December 16. Over the past 12 months, SPE has paid out a total of $1.27 per share in dividends. Based on the total dividends paid out last year, SPE boasts an impressive trailing yield of 8.26% on the current share price of $15.44.

Crypto Market Highlights

• Solana Labs CEO Anatoly Yakovenko announced plans to launch a decentralized exchange (DEX), joining a trend set by successful platforms like Hyperliquid and Astar.

• MicroStrategy, led by Michael Saylor, acquired 168 Bitcoin worth $18.8 million during last week’s market dip following the Black Friday crypto crash.

• BlackRock launched a Bitcoin-linked exchange-traded product (ETP) in the UK after the FCA relaxed its stance on crypto investment vehicles.

• Michael Saylor hinted at more Bitcoin purchases, emphasizing that firms like MicroStrategy can convert fresh capital into BTC almost instantly.

• Chinese tech firms, including Ant Group and JD.com, halted plans to issue stablecoins in Hong Kong amid regulatory concerns from Beijing.

Most Shorted Stocks

TAO Synergies Inc (TAOX) was one of the most shorted stocks as of latest short interest figures, with 22.13% 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 2.6. This represents a change of 148200 shares, which corresponds to a +25.75% increase in short interest. The total value of the shares held short is estimated to be around $6.39 million. The average daily volume stands at 294.72K shares, and the market capitalization of the company is $30.79M.

The Quantum Computing Inc with the symbol QUBT currently has a short interest of 25.35%. The short interest has changed by 11110000 shares. The days to cover ratio stands at 1.4. The estimated value of the shares held short is approximately $717.65 million. On an average day, 29.88M shares are traded, with the company's market capitalization totaling $3.49B.

For the stock Sweetgreen Inc (SG), the current short interest is at 23.69%. This represents a significant short interest change of 1440000 shares, corresponding to a short interest percentage increase of +6.29%. The days needed to cover the short positions amount to 4.1. The approximate worth of the shares held short is $184.18 million.

With the symbol CORZ, the stock currently has a short interest of 21.75%. The short interest change is 6930000 shares, compared with a short interest percentage change of +12.50%. It would take approximately 4.1 days to cover all the short positions. The shares short value is estimated to be around $466.89 million. The company boasts an average daily volume of 15.25M shares, contributing to a market capitalization of $5.90B.

The stock OPEN has a current short interest of 20.47%. The short interest percentage has experienced decrease of -0.50% while there was a change of -750000 shares in short interest. The ratio indicating the time required to cover short positions is 0.4. The calculated worth of the shorted shares amounts to around $459.81 million. Trading activity averages at 334.38M shares per day, while the company's market capitalization stands at $5.42B.

Upcoming IPOs

Aigo Holding Limited (AIGO) is all set for its debut on the NASDAQ exchange on October 21. They are offering shares in the price range of $4.00 to $6.00. With a total of 2,000,000 shares available, the company aims to raise approximately $10.00M through this IPO.

BGIN Blockchain Limited BGIN) will be entering the market with its IPO on October 21, on the NASDAQ exchange. They are offering shares in the price range of $5.00 to $7.00. They plan to offer 6,000,000 shares, targeting a deal size of $36.00M.

Charming Medical Limited (MCTA) is also scheduled to make its debut on the NASDAQ exchange on October 21. They are offering shares in the price range of $4.00 to $6.00. The IPO includes 1,600,000 shares, aiming for a deal size of $8.00M.

Texxon Holding Limited (NPT) is set to join the NASDAQ on October 22. They are offering shares in the price range of $4.00 to $5.00. They are offering 2,000,000 shares, with an estimated deal size of $9.00M.

That's it for today. Thanks for reading. Good luck out there!

Best Regards,

Stocks Telegraph Team

P.S. Want my daily watchlists sent to your cell phone too? Join our WhatsApp Exclusive Community for real-time alerts on hot stocks. Stay ahead with instant updates and exclusive insights!