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Midday Movers: AI Giants & $10 Stocks Gaining Speed
Stocks Telegraph Team
January 15, 2025
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Stocks soared on Wednesday after the latest Consumer Price Index (CPI) report revealed an unexpected slowdown in core inflation for December, sparking optimism about potential shifts in Federal Reserve policy.
As of 11:33 AM ET, the Dow was up 555.25 points, or 1.3059%, at $43073.54. The Nasdaq Composite added 410.97 points, or 1.98%, at $21168.3789. The S&P 500 rose 77.37 points, or 1.32%, at $5920.27. Among the 11 major S&P 500 sectors, 6 showed positive movement, with Utilities leading the way with a 1.45% increase.
The positive inflation data sent the 10-year Treasury yield tumbling, dropping 14 basis points to 4.651%. This sharp decline in yields fueled a rally in growth stocks, with Tesla jumping nearly 5% and Nvidia gaining around 2%.
Adding to the market’s momentum, the fourth-quarter earnings season kicked off on a strong note. Major banks broadly exceeded Wall Street expectations. JPMorgan Chase reported impressive results, with earnings and revenue beats driven by robust fixed-income trading and investment banking performance, pushing its shares slightly higher.
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Top Movers: Under $10
Bio-Key International Inc (BKYI) is up 143.83% today to trade at the current level of $3.34. This comes after the company announced that the National Bank of Egypt (NBE), Egypt’s largest financial institution, is deploying BIO-key’s PortalGuard identity and access management platform and an industry-leading Identity Governance solution.
Safe & Green Holdings Corp (SGBX) zoomed 88.87% in today’s trade to $1.02 after announcing the execution of a binding Letter of Intent to acquire 100% of the outstanding securities of New Asia Holdings Inc. (NAHD).
In current trading, D-Wave Quantum Inc (QBTS) stock is at $5.82 after announcing partnetship with Carahsoft to expand distribution of Quantum Computing Solutions to the public sector.
Wolfspeed Inc (WOLF) rose 20.86% in the early hours of today's trading to move at $5.83. The company completed $200 million at-the-market equity offering.
In the current trading session, cbdMD Inc (YCBD) jumped 13.42% to $0.59 over a previous close of $0.52 after announcing that the Company has fully satisfied the accrued interest and principal associated with its Senior Secured Convertible Notes.
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Ex-Dividends Stocks
Emcor Group, Inc (EME) 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 $0.25 per share. It has fixed January 16 as the record date for the same and will pay the actual dividend on January 31. Last year, the company distributed a total of $0.93 to its shareholders. Based on the last year's worth of payments, EME has a trailing yield of 0.19% on the current stock price of $502.07.
Shares of Horizon Technology Finance Corp (HRZN) will be the talk of stock market on Thursday as the stock will turn ex-dividend. The company's next dividend payment will be $0.11 per share, and in the last 12 months, it paid a total of $1.32 per share. Last year's total dividend payments show that HRZN has a trailing yield of 14.34% on the current share price of $9.20.
Alamo Group Inc (ALG) is also set to go ex-dividend tomorrow. The next dividend payment from ALG will amount to $0.3 per share. January 16 has been designated as the record date for this dividend, with the actual payout scheduled for January 29. In the previous year, ALG distributed a total of $1.04 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for ALG stands at 0.57% based on the current stock price of $181.02.
CF Bankshares Inc (CFBK) will be paying out a dividend of $0.07 per share to shareholders holding their shares as of the close of the business hours on the record date of January 16. Over the past 12 months, CFBK has paid out a total of $0.19 per share in dividends. Based on the total dividends paid out last year, CFBK boasts an impressive trailing yield of 0.86% on the current share price of $21.98.
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Crypto Market Highlights
Barcelona-based RWA tokenization platform Brickken raised $2.5 million in seed funding, reaching a post-money valuation of over $22.5 million.
The Malaysian government is reportedly exploring the creation of a cryptocurrency policy to modernize the financial system and recognize the industry.
Stablecoin issuer Tether filed a lawsuit against Bitcoin financial services firm Swan Bitcoin for alleged “significant breaches” of their agreements.
Thailand’s Securities and Exchange Commission is considering allowing spot Bitcoin exchange-traded funds (ETFs) to be listed on local exchanges.
South Korean regulators have delayed a decision on allowing corporate accounts for cryptocurrency trading, seeking further discussions.
Most Shorted Stocks
Tantech Holdings Ltd (TANH) was one of the most shorted stocks as of latest short interest figures, with 45.27% 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 0.3. This represents a change of 2324200 shares, which corresponds to a +653.23% increase in short interest. The total value of the shares held short is estimated to be around $0.43 million. The average daily volume stands at 8.36M shares, and the market capitalization of the company is $1.31M.
The Kohl's Corp with the symbol KSS currently has a short interest of 40.43%. The short interest has changed by -6440000 shares. The days to cover ratio stands at 5.0. The estimated value of the shares held short is approximately $559.07 million. On an average day, 9.24M shares are traded, with the company's market capitalization totaling $1.41B.
For the stock My Size Inc (MYSZ), the current short interest is at 39.76%. This represents a significant short interest change of 146400 shares, corresponding to a short interest percentage increase of +173.46%. The days needed to cover the short positions amount to 0.1. The approximate worth of the shares held short is $0.57 million.
With the symbol GRPN, the stock currently has a short interest of 37.49%. The short interest change is -110000 shares, compared with a short interest percentage change of -1.36%. It would take approximately 5.6 days to cover all the short positions. The shares short value is estimated to be around $2.54 million. The company boasts an average daily volume of 1.43M shares, contributing to a market capitalization of $438.24M.
The stock BMEA has a current short interest of 36.48%. The short interest percentage has experienced increase of +6.16% while there was a change of 670000 shares in short interest. The ratio indicating the time required to cover short positions is 12.9. The calculated worth of the shorted shares amounts to around $32.92 million. Trading activity averages at 889.63K shares per day, while the company's market capitalization stands at $149.33M.
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AI Stocks to Watch
According to our ST Score evaluation, Arista Networks Inc (ANET) emerges as a high-quality stock in the AI industry, attaining an impressive score of 69. The stock's profitability, performance, financial strength, and Piotroski Score are strong. Additionally, it is neutral in terms of growth, stock sentiment, and forecast.
Our ST Score also classifies Taiwan Semiconductor Manufacturing ADR (TSM) as a high-quality AI stock today, presenting a Score of 63. The stock has strong fundamentals in terms of profitability, performance, growth, and Piotroski Score. The financial strength, stock sentiment, and forecast are neutral.
Another stock in the category, Sap SE ADR (SAP) has the ST Score of 57, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, and Piotroski Score but weak in growth. Financial strength, stock sentiment, and forecast suggest a neutral outlook.
Vertiv Holdings Co (VRT) stock has the ST Score of 56 which implies that the AI company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, and Piotroski Score, but its weaknesses are in its financial strength. However, it shows neutral outlook in growth, stock sentiment, and forecast.
Zoom Communications Inc (ZM) currently has the ST Score of 55, which signifies a huge upward potential. The AI 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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