Midday Stock Recap: Energy & $10 High-Potential Picks

The Dow Jones Industrial Average climbed on Friday, pushing major U.S. indexes toward solid weekly gains.

As of 11:45 AM ET, the Dow was up 224.85 points, or 0.5125%, at $44095.21. The Nasdaq Composite lost -47.9 points, or -0.2309%, at $20692.8781. The S&P 500 rose 4.43 points, or 0.0745%, at $5953.13. Among the 11 major S&P 500 sectors, 8 showed positive movement, with Financials leading the way with a 1.42% increase.

As the week wraps up, all three major indexes are set to finish more than 1% higher, reversing last week’s pause in the postelection rally. Investors have increasingly shifted focus from tech stocks to sectors more aligned with economic growth, a move evident in Friday’s performance. Consumer discretionary stocks drove the S&P 500 upward, while information technology and communication services lagged.

Outside of equities, bitcoin hovered near the anticipated $100,000 milestone, capturing market attention. Meanwhile, small-cap stocks also stood out, with the Russell 2000 climbing over 1% on Friday and set to end the week with an impressive gain of more than 4%.

Top Movers: Under $10

Nano Labs Ltd (NA) is up 32.95% today to trade at the current level of $5.81. This comes after the company announced that it has launched its second-generation V Series products.

Cerence Inc (CRNC) zoomed 25.15% in today’s trade to $7.30 after announcing fourth quarter and fiscal year 2024 results.

In current trading, Omeros Corporation (OMER) stock is at $9.53. The company provided an update on progress toward BLA Resubmission.

MSP Recovery Inc (LIFW) rose 16.22% in the early hours of today's trading to move at $1.72 after announcing that it reached a preliminary $2 million settlement as part of its portfolio of pharmaceutical litigation cases while engaging in ongoing settlement negotiations with other pharmaceutical and medical device manufacturers, as well as property and casualty insurers.

In the current trading session, Sunshine Biopharma Inc (SBFM) jumped 15.09% to $2.44 over a previous close of $2.12 after announcing that its wholly owned Canadian subsidiary, Nora Pharma Inc., has launched a new generic prescription drug.

Ex-Dividends Stocks

Atmos Energy Corp (ATO) is about to trade ex-dividend Monday, meaning that investors who buy the stock after Monday will not be eligible for the next dividend payment. The company's next dividend payment will be $0.87 per share. It has fixed November 25 as the record date for the same and will pay the actual dividend on December 09. Last year, the company distributed a total of $3.22 to its shareholders. Based on the last year's worth of payments, ATO has a trailing yield of 2.14% on the current stock price of $150.74.

Shares of Marcus Corp (MCS) will be the talk of the stock market on Monday as the stock will turn ex-dividend. The company's next dividend payment will be $0.07 per share, and in the last 12 months, it paid a total of $0.28 per share. Last year's total dividend payments show that MCS has a trailing yield of 1.27% on the current share price of $21.97.

Radian Group, Inc (RDN) is also set to go ex-dividend on Monday. The next dividend payment from RDN will amount to $0.24 per share. November 25 has been designated as the record date for this dividend, with the actual payout scheduled for December 10. In the previous year, RDN distributed a total of $0.96 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for RDN stands at 2.77% based on the current stock price of $34.66.

Teradyne, Inc (TER) will be paying out a dividend of $0.12 per share to shareholders holding their shares as of the close of the business hours on the record date of November 25. Over the past 12 months, TER has paid out a total of $0.47 per share in dividends. Based on the total dividends paid out last year, TER boasts an impressive trailing yield of 0.44% on the current share price of $106.56.

Crypto Market Highlights

• Deribit, a leading cryptocurrency derivatives exchange, will enable users to earn rewards and use Ethena's synthetic dollar (USDe) as margin collateral in a cross-collateral pool, announced on Nov. 22.

• Texas State House Representative Cody Harris believes the state’s proposed gold-backed digital currency could boost cryptocurrency adoption, discussed at the North American Blockchain Summit on Nov. 21.

• Speaking at the North American Blockchain Summit on Nov. 21, CFTC Commissioner Summer Mersinger emphasized the need for consistent US crypto regulations through notice and comment processes.

• MicroStrategy has finalized a $3 billion offering of 0% convertible senior notes due in December 2029, with plans to use proceeds to purchase more Bitcoin.

• The FTX bankruptcy estate announced that creditor and customer reimbursements are set to finalize in January 2025, with initial payouts expected by March 2025.

Most Shorted Stocks

Plug Power Inc (PLUG) was one of the most shorted stocks as of the latest short interest figures, with 24.61% 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 5.4. This represents a change of -19590000 shares, which corresponds to a -8.03% decrease in short interest. The total value of the shares held short is estimated to be around $437.25 million. The average daily volume stands at 45.36M shares, and the market capitalization of the company is $1.78B.

The Workhorse Group Inc with the symbol WKHS currently has a short interest of 25.61%. The short interest has changed by 410000 shares. The days to cover ratio stands at 2.8. The estimated value of the shares held short is approximately $6.34 million. On an average day, 3.11M shares are traded, with the company's market capitalization totaling $43.63M.

For the stock Blink Charging Co (BLNK), the current short interest is at 24.43%. This represents a significant short interest change of -220000 shares, corresponding to a short interest percentage decrease of -0.88%. The days needed to cover the short positions amount to 5.4. The approximate worth of the shares held short is $38.81 million.

With the symbol MARA, the stock currently has a short interest of 21.88%. The short interest change is -7190000 shares, compared with a short interest percentage change of -9.26%. It would take approximately 1.8 days to cover all the short positions. The shares short value is estimated to be around $608.11 million. The company boasts an average daily volume of 46.63M shares, contributing to a market capitalization of $7.92B.

The stock SPCE has a current short interest of 25.47%. The short interest percentage has experienced a decrease of -1.85% while there was a change of -130000 shares in short interest. The ratio indicating the time required to cover short positions is 4.9. The calculated worth of the shorted shares amounts to around $509.91 million. Trading activity averages at 1.49M shares per day, while the company's market capitalization stands at $209.05M.

Energy Stocks to Watch

According to our ST Score evaluation, Dynagas LNG Partners LP (DLNG) emerges as a high-quality stock in the Energy industry, attaining an impressive score of 62. The stock's performance and Piotroski Score are strong. However, its growth are weak. Additionally, it is neutral in terms of profitability, financial strength, stock sentiment, and forecast.

Our ST Score also classifies Cheniere Energy Partners LP (CQP) as a high-quality Energy stock today, presenting a Score of 59. The stock has strong fundamentals in terms of profitability, performance, and Piotroski Score. However, it has weak growth. The financial strength, stock sentiment, and forecast are neutral.

Another stock in the category, Riley Exploration Permian Inc (REPX) has the ST Score of 59, 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.

Dorchester Minerals LP (DMLP) stock has the ST Score of 57 which implies that the Energy company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, financial strength, and Piotroski Score. However, it shows a neutral outlook in growth, stock sentiment, and forecast.

Epsilon Energy Ltd (EPSN) currently has the ST Score of 57, which signifies a huge upward potential. The Energy stock's strong points are its performance, financial strength, and Piotroski Score, while its weak points are its growth. The stock's profitability, 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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