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On Tuesday, the S&P 500 remained relatively stable after experiencing a downturn triggered by increased bond yields and concerns that the Federal Reserve might not reduce rates as significantly as anticipated by Wall Street.

Stocks have been on the rise in recent weeks, partially driven by the ongoing surge of major technology companies since 2023. However, despite the upward trend, certain investors have raised doubts about the market's ability to maintain this momentum, particularly due to its narrow leadership.

Tuesday marks approximately the midpoint of the earnings season, with earnings reports expected from companies like Amgen, Chipotle Mexican Grill, and Ford after the market closes.

As of 11:40 AM ET, the Dow was up 69.168 points, or 0.1802%, at $38449.29. The Nasdaq Composite lost -58.9629 points, or -0.3348%, at $17554.072. The S&P 500 rose 2.5601 points, or 0.0518%, at $4945.37. Among the 11 major S&P 500 sectors, 9 showed positive movement, with Real Estate leading the way with a 0.91% increase. 

Top Movers: Under $10

Zenvia Inc (ZENV) is up 45.22% today to trade at the current level of $1.67. This comes after the company announced that it has entered into agreements with a group of stakeholders aimed at addressing its existing funding gap.

Agrify Corp (AGFY) zoomed 27.95% in today’s trade to $0.82 after announcing the successful installation of a PX-30 Hydrocarbon Extraction System at its customer’s Michigan facility.

In current trading, Frontier Group Holdings Inc (ULCC) stock is at $6.15 following the release of financial results for the fourth quarter and full year 2023.

Tellurian Inc (TELL) rose 33.02% in the early hours of today's trading to move at $0.48. The company announced that it has asked its financial advisor, Lazard, to explore opportunities for the sale of Tellurian’s upstream business.

In the current trading session, ZeroFox Holdings Inc (ZFOX) jumped 20.77% to $1.11 over a previous close of $0.92 after announcing that it has entered into a definitive agreement to be acquired by Haveli Investments in an all-cash transaction with an enterprise value of approximately $350 million.

Ex-Dividends Stocks

Archer Daniels Midland Co. (ADM) 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 $0.5 per share. Its has fixed February 08 as the record date for the same and will pay the actual dividend on February 29. Last year, the company distributed a total of $1.79 to its shareholders. Based on the last year's worth of payments, ADM has a trailing yield of 3.33% on the current stock price of $53.56.

Another stock that is shelling out dividends tomorrow is KB Home (KBH), having a market capitalization of $4.49B. It will pay a dividend of $0.2 per share, the payment date of which is February 22. Currently, the stock is trading at a trailing dividend yield of 1.35%.

Shares of Constellation Brands Inc (STZ) will be the talk of stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.89 per share, and in the last 12 months, it paid a total of $3.55 per share. Last year's total dividend payments show that STZ has a trailing yield of 1.42% on the current share price of $249.62.

American Water Works Co. Inc. (AWK) is also set to go ex-dividend tomorrow. The next dividend payment from AWK will amount to $0.71 per share. February 08 has been designated as the record date for this dividend, with the actual payout scheduled for March 01. In the previous year, AWK distributed a total of $2.78 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for AWK stands at 2.27% based on the current stock price of $122.44.

Federated Hermes Inc (FHI) will be paying out a dividend of $0.28 per share to shareholders holding their shares as of the close of the business hours on the record date of February 08. Over the past 12 months, FHI has paid out a total of $1.21 per share in dividends. Based on the total dividends paid out last year, FHI boasts an impressive trailing yield of 3.42% on the current share price of $35.20.

Crypto Market Highlights

Most Shorted Stocks

Zim Integrated Shipping Services Ltd (ZIM) was one of the most shorted stocks as of latest short interest figures, with 27.51% 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 4.0. This represents a change of 2600000 shares, which corresponds to a +11.00% increase in short interest. The total value of the shares held short is estimated to be around $345.71 million. The average daily volume stands at 7.84M shares, and the market capitalization of the company is $1.58B.

The Maxeon Solar Technologies Ltd with the symbol MAXN currently has a short interest of 27.52%. The short interest has changed by 60000 shares. The days to cover ratio stands at 3.4. The estimated value of the shares held short is approximately $36.64 million. On an average day, 2.63M shares are traded, with the company's market capitalization totaling $225.33M.

For the stock Stem Inc (STEM), the current short interest is at 27.28%. This represents a significant short interest change of -2960000 shares, corresponding to a short interest percentage decrease of -6.96%. The days needed to cover the short positions amount to 8.7. The approximate worth of the shares held short is $117.43 million.

With the symbol ZYXI, the stock currently has a short interest of 28.83%. The short interest change is 410000 shares, compared with a short interest percentage change of +8.04%. It would take approximately 16.2 days to cover all the short positions. The company boasts an average daily volume of 330.05K shares, contributing to a market capitalization of $415.44M.

EV Stocks to Watch

According to our ST Score evaluation, General Motors Company (GM) emerges as a high-quality stock in the EV industry, attaining an impressive score of 64.0. The stock's valuation, profitability, performance, stock sentiment, and Piotroski Score are strong. However, its growth, and financial strength are weak. Additionally, it is neutral in terms of forecast.

Our ST Score also classifies Enersys (ENS) as a high-quality EV stock today, presenting a Score of 61.0. The stock has strong fundamentals in terms of profitability, performance, stock sentiment, and Piotroski Score. However, it has weak financial strength. The value, growth, and forecast are neutral.

Another stock in the category, ST Microelectronics (STM) has the ST Score of 58.0, which means that the stock carries the potential for higher returns. The stock is strong in valuation, profitability, and stock sentiment but weak in performance. Growth, financial strength, piotroski score, and forecast suggest a neutral outlook.

Magna International Inc. (MGA) stock has the ST Score of 59.0 which implies that the EV 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 growth, and financial strength. However, it shows neutral outlook in value, and forecast.

NXP Semiconductors NV (NXPI) currently has the ST Score of 58.0, which signifies a huge upward potential. The EV stock's strong points are its profitability, performance, stock sentiment, and Piotroski Score, while its weak points are its financial strength. The stock's value, growth, and forecast indicate a neutral outlook.