🔥 Market Rebound Begins? Nasdaq Leads as Investors Eye CPI

US stocks inched higher on Tuesday as markets attempted a cautious rebound from Monday’s sharp declines that disrupted a five-day winning streak.

The S&P 500 rose 0.3%, the Nasdaq gained about 0.5%, and the Dow added 0.3% as investors weighed hopes for a year-end rally against lingering concerns about inflation, lofty valuations, and heavy AI-related spending. With no major data expected ahead of this week’s key CPI report, attention turns to earnings:

Marvell trades higher ahead of results and reports of a potential multibillion-dollar acquisition of Celestial AI, while CrowdStrike and Okta also headline a light calendar.

Top Movers: Under $10 

Polyrizon Ltd (PLRZ) is up 98.00% today to trade at the current level of $6.26. This comes after the company announced the successful completion of a key manufacturing upscaling milestone for its Nasal Spray Platform.

Eventbrite Inc (EB) zoomed 78.63% in today’s trade to $4.43 after announcing that it has entered into a definitive agreement to be acquired by Bending Spoons, in an all-cash transaction valued at approximately $500 million.

In current trading, Fitell Corp (FTEL) stock is at $1.46 after announcing an interim dividend and shareholder loyalty program.

Innoviz Technologies Ltd (INVZ) rose 8.68% in the early hours of today's trading to move at $1.32 after announcing that Daimler Truck, and Torc Robotics, a subsidiary of Daimler Truck, have selected Innoviz as its Short-Range LiDAR supplier for series production SAE Level 4 autonomous Class 8 semi-trucks.

In the current trading session, Eve Holding Inc (EVEX) jumped 12.97% to $4.71 over a previous close of $4.17 after reporting that it has selected BETA Technologies (BETA) to supply electric pusher motors for its conforming prototypes and production aircraft.

Ex-Dividend Stocks

AMKOR Technology Inc (AMKR) 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. It has fixed December 03 as the record date for the same and will pay the actual dividend on December 23. Last year, the company distributed a total of $0.33 to its shareholders. Based on the last year's worth of payments, AMKR has a trailing yield of 0.86% on the current stock price of $38.49.

Another stock that is shelling out dividends tomorrow is Avnet Inc (AVT), having a market capitalization of $3.87B. It will pay a dividend of $0.35 per share, the payment date of which is December 17. Currently, the stock is trading at a trailing dividend yield of 2.82%.

Shares of Electronic Arts, Inc (EA) will be the talk of stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.19 per share, and in the last 12 months, it paid a total of $0.76 per share. Last year's total dividend payments show that EA has a trailing yield of 0.37% on the current share price of $202.91.

Lam Research Corp (LRCX) is also set to go ex-dividend tomorrow. The next dividend payment from LRCX will amount to $0.26 per share. December 03 has been designated as the record date for this dividend, with the actual payout scheduled for January 07. In the previous year, LRCX distributed a total of $0.95 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for LRCX stands at 0.60% based on the current stock price of $157.73.

Principal Financial Group Inc (PFG) will be paying out a dividend of $0.79 per share to shareholders holding their shares as of the close of business hours on the record date of December 03. Over the past 12 months, PFG has paid out a total of $3.02 per share in dividends. Based on the total dividends paid out last year, PFG boasts an impressive trailing yield of 3.59% on the current share price of $84.15.

Crypto Market Highlights

• Coinbase’s x402 integrates Concordium ID tools to enable AI agents to make automated, identity-verified stablecoin payments.

• Russia’s central bank may relax strict crypto-transaction rules as international sanctions hinder cross-border payments.

• Trust Wallet launches “Predictions,” a self-custodial, wallet-native prediction market for trading on real-world events.

• RedotPay partners with Ripple to roll out “Send Crypto, Receive NGN,” enabling rapid conversion of digital assets to Nigerian naira deposited into local bank accounts.

• BitMine Immersion Technologies buys 23,773 ETH during the market downturn as its chairman delays his Bitcoin all-time-high forecast.

Most Shorted Stocks

Quhuo Ltd ADR (QH) was one of the most shorted stocks as of the latest short interest figures, with 952.58% 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 0.1. This represents a change of 228349 shares, which corresponds to a 114.00% increase in short interest. The total value of the shares held short is estimated to be around $0.44 million. The average daily volume stands at 1.89M shares, and the market capitalization of the company is $1.01M.

The Eos Energy Enterprises Inc with the symbol EOSE currently has a short interest of 34.10%. The short interest has changed by 5593639 shares. The days to cover ratio stands at 3.5. The estimated value of the shares held short is approximately $1.28 billion. On an average day, 23.64M shares are traded, with the company's market capitalization totaling $3.88B.

For the stock Arcturus Therapeutics Holdings Inc (ARCT), the current short interest is at 38.27%. This represents a significant short interest change of 2261479 shares, corresponding to a short interest percentage increase of 32.55%. The days needed to cover the short positions amount to 9.1. The approximate worth of the shares held short is $57.75 million.

With the symbol SONN, the stock currently has a short interest of 33.21%. The short interest change is -377246 shares, compared with a short interest percentage change of -14.92%. It would take approximately 2.6 days to cover all the short positions. The shares short value is estimated to be around $20.08 million. The company boasts an average daily volume of 948.06K shares, contributing to a market capitalization of $15.43M.

The stock NVAX has a current short interest of 31.52%. The short interest percentage has experienced an increase of 4.88% while there was a change of 2359596 shares in short interest. The ratio indicating the time required to cover short positions is 10.5. The calculated worth of the shorted shares amounts to around $14.37 million. Trading activity averages at 4.41M shares per day, while the company's market capitalization stands at $1.09B.

EV Stocks to Watch

According to our ST Score evaluation, Aptiv PLC (APTV) emerges as a high-quality stock in the EV industry, attaining an impressive score of 63. The stock's profitability, performance, and Piotroski Score are strong. However, its growth is weak. Additionally, it is neutral in terms of financial strength, stock sentiment, and forecast.

Our ST Score also classifies BorgWarner Inc (BWA) as a high-quality EV stock today, presenting a Score of 60. The stock has strong fundamentals in terms of performance and Piotroski Score. However, it has weak growth. The profitability, financial strength, stock sentiment, and forecast are neutral.

Another stock in the category, Cirrus Logic, Inc (CRUS) has the ST Score of 58, which means that the stock carries the potential for higher returns. The stock is strong in profitability, financial strength, and Piotroski Score, but weak in performance and growth. Stock sentiment, and forecasts suggest a neutral outlook.

Enersys (ENS) stock has the ST Score of 58, which implies that the EV company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, and Piotroski Score, but its weaknesses lie in its growth. However, it shows neutral outlook in financial strength, stock sentiment, and forecast.

Honda Motor ADR (HMC) currently has the ST Score of 57, which signifies a huge upward potential. The EV 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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