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Midday Action: EV Stocks & $10 Growth Stars
Stocks Telegraph Team
January 28, 2025
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Markets ticked upward on Tuesday, as investors sought to recover from Monday’s sell-off, which was triggered by the emergence of Chinese AI startup DeepSeek, shaking confidence in U.S. tech giants.
As of 11:32 AM ET, the Dow was up 65.38 points, or 0.14622%, at $44778.96. The Nasdaq Composite added 162.94 points, or 0.77123%, at $21290.22. The S&P 500 rose 24.45 points, or 0.40667%, at $6036.73. Among the 11 major S&P 500 sectors, 6 showed negative movement, with Utilities leading the way with a -4.62% decrease.
Nvidia, a key player in the AI-driven market rally, climbed 3% in early trading, though its rebound lacked strong momentum. The stock’s movement remained a focal point for traders, with major indexes fluctuating in tandem with Nvidia’s performance.
Looking ahead, investors are shifting their focus to this week’s corporate earnings. Several members of the Magnificent Seven, including Meta Platforms, Microsoft, Tesla, and Apple, are set to report later this week, with market participants eager to gauge how these tech leaders performed in the latest quarter.
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Silexion Therapeutics Corp (SLXN) is up 100.05% today to trade at the current level of $1.16. This comes after the company announced promising new preclinical data for SIL-204, its next-generation siRNA therapeutic candidate.
Trinity Biotech Plc ADR (TRIB) zoomed 38.16% in today’s trade to $1.05 after announcing compelling results from its latest pre-pivotal clinical trial for its next-generation continuous glucose monitoring (CGM) system.
In current trading, Lightbridge Corp (LTBR) stock is at $7.00 after announcing the signing of a Memorandum of Understanding with Oklo Inc. (OKLO).
NLS Pharmaceutics Ltd (NLSP) rose 7.23% in the early hours of today's trading to move at $1.94 after announcing the launch of a preclinical program evaluating Mazindol ER (Extended-Release) as a novel treatment for fentanyl dependence.
In the current trading session, Nano Dimension Ltd ADR (NNDM) jumped 8.96% to $2.45 over a previous close of $2.25 after the company shared a letter to shareholders from Julien Lederman, Interim Chief Executive Officer, along with a Company announcement of preliminary fourth quarter 2024 revenue.
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Ex-Dividends Stocks
Entegris Inc (ENTG) 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 $0.1 per share. It has fixed January 29 as the record date for the same and will pay the actual dividend on February 19. Last year, the company distributed a total of $0.40 to its shareholders. Based on the last year's worth of payments, ENTG has a trailing yield of 0.41% on the current stock price of $97.31.
Shares of Lennar Corp (LEN) will be the talk of stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.5 per share, and in the last 12 months, it paid a total of $1.50 per share. Last year's total dividend payments show that LEN has a trailing yield of 1.10% on the current share price of $136.08.
Prospect Capital Corp (PSEC) is also set to go ex-dividend tomorrow. The next dividend payment from PSEC will amount to $0.04 per share. January 29 has been designated as the record date for this dividend, with the actual payout scheduled for February 19. In the previous year, PSEC distributed a total of $0.69 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for PSEC stands at 15.73% based on the current stock price of $4.39.
Clorox Co (CLX) will be paying out a dividend of $1.22 per share to shareholders holding their shares as of the close of the business hours on the record date of January 29. Over the past 12 months, CLX has paid out a total of $4.84 per share in dividends. Based on the total dividends paid out last year, CLX boasts an impressive trailing yield of 3.02% on the current share price of $160.32.
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Crypto Market Highlights
Ondo Finance plans to deploy its tokenized US Treasury fund on the XRP Ledger, offering institutional-grade government bonds redeemable with stablecoins.
OpenSea's Gemesis NFT holders now have access to the private beta of its upgraded marketplace, OS2.
US President Donald Trump’s executive order on digital financial tech intensifies EU concerns over US dollar dominance in the stablecoin market.
FTSE Russell expands indexing capabilities to include digital assets and on-chain data, reflecting growing institutional interest in cryptocurrencies.
Japanese company Metaplanet plans to raise over 116 billion yen ($745 million) to fund additional Bitcoin purchases.
Most Shorted Stocks
MGO Global Inc (MGOL) was one of the most shorted stocks as of latest short interest figures, with 66.21% 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 1.1. This represents a change of 1895100 shares, which corresponds to a +7,610.84% increase in short interest. The total value of the shares held short is estimated to be around $0.35 million. The average daily volume stands at 2.34M shares, and the market capitalization of the company is $1.62M.
The 22nd Century Group Inc with the symbol XXII currently has a short interest of 19.46%. The short interest has changed by 87000 shares. The days to cover ratio stands at 0.8. The estimated value of the shares held short is approximately $0.4 million. On an average day, 907.28K shares are traded, with the company's market capitalization totaling $2.43M.
For the stock Tian Ruixiang Holdings Ltd (TIRX), the current short interest is at 68.45%. This represents a significant short interest change of 195900 shares, corresponding to a short interest percentage increase of +1,288.82%. The days needed to cover the short positions amount to 1.5. The approximate worth of the shares held short is $0.37 million.
With the symbol RILY, the stock currently has a short interest of 64.63%. The short interest change is 220000 shares, compared with a short interest percentage change of +2.24%. It would take approximately 7.1 days to cover all the short positions. The shares short value is estimated to be around $0.97 million. The company boasts an average daily volume of 1.04M shares, contributing to a market capitalization of $140.73M.
The stock PLCE has a current short interest of 62.50%. The short interest percentage has experienced decrease of -0.33% while there was a change of -10000 shares in short interest. The ratio indicating the time required to cover short positions is 6.6. The calculated worth of the shorted shares amounts to around $100.7 million. Trading activity averages at 382.34K shares per day, while the company's market capitalization stands at $128.10M.
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EV Stocks to Watch
According to our ST Score evaluation, Teck Resources Ltd (TECK) emerges as a high-quality stock in the EV industry, attaining an impressive score of 59. The stock's profitability, and Piotroski Score are strong. However, its growth are weak. Additionally, it is neutral in terms of performance, financial strength, stock sentiment, and forecast.
Our ST Score also classifies Li Auto Inc ADR (LI) as a high-quality EV stock today, presenting a Score of 55. 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, Aptiv PLC (APTV) has the ST Score of 54, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, and Piotroski Score but weak in financial strength. Growth, stock sentiment, and forecast suggest a neutral outlook.
Skyworks Solutions, Inc (SWKS) stock has the ST Score of 51 which implies that the EV company has a high probability of beating the market. The stock's strengths lie in its profitability, financial strength, and Piotroski Score, but its weaknesses are in its performance, and growth. However, it shows neutral outlook in stock sentiment, and forecast.
Toyota Motor Corporation ADR (TM) currently has the ST Score of 50, which signifies a huge upward potential. The EV stock's strong points are its profitability, performance, and Piotroski Score, while its weak points are its growth, and financial strength. The stock's 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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