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Midday Mania: Top 5 Stocks Crushing the Competition!
The Newsheater daily Mid-Day Newsletter is Powered by Stocks Telegraph

Dear Readers,
Hope your day is going well! we're excited to bring you an update: Our recent highlight, GigaCloud Technology Inc. (GCT), has surged an impressive 37% in the mere three weeks since we recommended it to our premium subscribers. This equates to a $370 gain from a modest $1000 investment—a testament to the exceptional ROI we strive to deliver.
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Stocks rebounded on Wednesday as Wall Street aimed to recover from the significant losses experienced in the prior session.
Lyft shares surged by 35% following the ride-hailing company's strong fourth-quarter earnings report. Conversely, Airbnb saw a 4% decline, despite surpassing revenue expectations for the latest quarter.
The previous day, the Dow Jones Industrial Average fell by over 1%, marking its worst performance since March 2023. The S&P 500 and Nasdaq Composite also experienced declines exceeding 1%. The market downturn was triggered by higher-than-expected inflation data, sparking concerns among traders that the Federal Reserve might delay interest rate cuts.
As of 11:58 AM ET, the Dow was down -13.1289 points, or -0.0343%, at $38259.62. The Nasdaq Composite added 58.8262 points, or 0.3342%, at $17659.25. The S&P 500 rose 13.23 points, or 0.2671%, at $4966.4. Among the 11 major S&P 500 sectors, 7 showed negative movement, with Energy leading the way with a -0.42% decrease.
1 Small-Cap Biotech Stock for Ultra-Fast Gains in 2024
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Top Movers: Under $10
Earlyworks Co Ltd ADR (ELWS) is up 271.43% today to trade at the current level of $1.69. This comes after the company provided an update on stakeholders.
Cogent Biosciences Inc (COGT) zoomed 60.88% in today’s trade to $8.78 after announcing oversubscribed $225 million private placement.
In current trading, Cineverse Corp (CNVS) stock is at $2.30 following the forthcoming launch of cineSearch.
Inspira Technologies Oxy B.H.N. Ltd (IINN) rose 21.87% in the early hours of today's trading to move at $1.17. The company recently announced that it has received the first ever U.S. Patent approval for an orbiting blood oxygenation delivery system, a core technology of the revolutionary INSPIRA™ ART500 device.
In the current trading session, Blink Charging Co (BLNK) jumped 24.63% to $3.34 over a previous close of $2.68 after announcing that it anticipates its fourth-quarter 2023 revenue to surpass $42 million.
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Ex-Dividends Stocks
AMGEN Inc. (AMGN) 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 $2.25 per share. It has fixed February 16 as the record date for the same and will pay the actual dividend on March 07. Last year, the company distributed a total of $8.52 to its shareholders. Based on the last year's worth of payments, AMGN has a trailing yield of 2.96% on the current stock price of $287.99.
Another stock that is shelling out dividends tomorrow is BP plc ADR (BP), having a market capitalization of $100.69B. It will pay a dividend of $0.43 per share, the payment date of which is March 28. Currently, the stock is trading at a trailing dividend yield of 4.65%.
Shares of Conoco Phillips (COP) will be the talk of stock market on Thursday as the stock will turn ex-dividend. The company's next dividend payment will be $0.78 per share, and in the last 12 months, it paid a total of $2.11 per share. Last year's total dividend payments show that COP has a trailing yield of 1.91% on the current share price of $110.50.
Chevron Corp. (CVX) is also set to go ex-dividend tomorrow. The next dividend payment from CVX will amount to $1.63 per share. February 16 has been designated as the record date for this dividend, with the actual payout scheduled for March 11. In the previous year, CVX distributed a total of $6.04 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for CVX stands at 4.00% based on the current stock price of $150.89.
Ford Motor Co. (F) will be paying out a dividend of $0.33 per share to shareholders holding their shares as of the close of the business hours on the record date of February 16. Over the past 12 months, F has paid out a total of $0.45 per share in dividends. Based on the total dividends paid out last year, F boasts an impressive trailing yield of 3.59% on the current share price of $12.55.
This stock checks all the boxes for Warren Buffett's time-tested investment formula. In a world where stocks like Deere and Costo and Boeing and Tesla all trade between $320 and $460 per share...This stock trades for less than $3.00 – making it an immediate buy.
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Crypto Market Highlights
The creator of Uniswap, a decentralized exchange (DEX), Hayden Adams, has alerted the cryptocurrency community to a fraud in which wallet addresses are being used as Ethereum Name Service (ENS) domains.
Over 100,000 BTC are now being managed by BlackRock's spot Bitcoin exchange-traded fund (ETF), iShares Bitcoin Trust (IBIT). BlackRock's official statistics indicates that as of February 13, IBIT has 105,280 BTC in assets.
The Financial Intelligence Unit (FIU) of South Korea reports that local digital asset exchanges in the country reported 49% more suspicious transactions in 2023 than in 2022.
On February 20, Ethereum layer-2 scaling protocol Starknet will start issuing its native network currency, called STRK tokens, to Ethereum stakeholders.
The chief financial officer of Robinhood claims that most cryptocurrency trading on the site is still done in spot Bitcoin and that traders have not adapted to spot Bitcoin exchange-traded funds (ETFs).
After a rough outing in 2022, 2023 has been explosive.
In fact, since the year began, major indices, like the S&P 500 are up about 15% year to date. Heading into New Year 2024, things could get even better.
That said, here are three "no brainer" stocks to consider.
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Most Shorted Stocks
Imperial Petroleum Inc (IMPP) was one of the most shorted stocks as of latest short interest figures, with 75.38% 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 6.3. This represents a change of 280000 shares, which corresponds to a +6.78% increase in short interest. The total value of the shares held short is estimated to be around $14.38 million. The average daily volume stands at 700.75K shares, and the market capitalization of the company is $55.71M.
The Sunnova Energy International Inc with the symbol NOVA currently has a short interest of 35.14%. The short interest has changed by -20000 shares. The days to cover ratio stands at 6.5. The estimated value of the shares held short is approximately $409.93 million. On an average day, 5.95M shares are traded, with the company's market capitalization totaling $1.35B.
For the stock Medical Properties Trust Inc (MPW), the current short interest is at 34.22%. This represents a significant short interest change of 40110000 shares, corresponding to a short interest percentage increase of +24.33%. The days needed to cover the short positions amount to 9.9. The approximate worth of the shares held short is $748.25 million.
With the symbol IBRX, the stock currently has a short interest of 33.61%. The short interest change is 2000000 shares, compared with a short interest percentage change of 4.77%. It would take approximately 10.5 days to cover all the short positions. The shares short value is estimated to be around $912.25 million. The company boasts an average daily volume of 3.99M shares, contributing to a market capitalization of $2.97B.
The stock LMND has a current short interest of 32.19%. The short interest percentage has experienced decrease of -6.68% while there was a change of -1140000 shares in short interest. The ratio indicating the time required to cover short positions is 8.9. Trading activity averages at 1.74M shares per day, while the company's market capitalization stands at $1.15B.
Today, we are inviting you to take a free peek at MarketBeat's proprietary, exclusive list of 7 Stocks to Buy and Hold Forever.
Many of these companies might appear to be nothing special at first glance. Others might be names you had heard of before and decided to pass on, but financials don't lie.
The companies on this list print billions of dollars of cash each year in profit showing no sign of slowing down.
If you haven't given these companies strong consideration for your portfolio, now is the time to take a look.
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AI Stocks to Watch
According to our ST Score evaluation, UiPath Inc (PATH) emerges as a high-quality stock in the AI industry, attaining an impressive score of 61.0. The stock's performance, financial strength, and stock sentiment are strong. However, its value are weak. Additionally, it is neutral in terms of profitability, growth, Piotroski Score, and forecast.
Our ST Score also classifies Crowdstrike Holdings Inc (CRWD) as a high-quality AI stock today, presenting a Score of 60.0. The stock has strong fundamentals in terms of profitability, performance, growth, and stock sentiment. However, it has weak value. The financial strength, Piotroski Score, and forecast are neutral.
Another stock in the category, Salesforce Inc (CRM) has the ST Score of 59.0, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, stock sentiment, and Piotroski Score but weak in value, growth, and financial strength. Forecast suggest a neutral outlook.
Palo Alto Networks Inc (PANW) stock has the ST Score of 59.0 which implies that the AI company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, stock sentiment, and Piotroski Score, but its weaknesses are in its value, and financial strength. However, it shows neutral outlook in growth, and forecast.
Taiwan Semiconductor Manufacturing ADR (TSM) currently has the ST Score of 58.0, which signifies a huge upward potential. The AI stock's strong points are its profitability, performance, and stock sentiment, while its weak points are its value, and financial strength. The stock's growth, Piotroski Score, 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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