Midday Surge: Top-Rated EV Stocks & $10 Movers to Watch

Stocks climbed Tuesday as investors grew hopeful that a fragile ceasefire between Israel and Iran would hold. The Dow rose 382 points (0.9%), the S&P 500 gained 0.8%, and the Nasdaq advanced 1.2%.

Oil prices continued to slide, with U.S. crude falling more than 5% after Monday’s 7% drop. Airline stocks rallied on the pullback in oil, while tech names like Broadcom and Nvidia also posted solid gains.

The market’s momentum followed President Trump’s comments reaffirming that the ceasefire was still in effect, despite tensions and mutual accusations of violations.

Investors also weighed remarks from Fed Chair Jerome Powell, who signaled a wait-and-see approach to interest rate cuts amid uncertainty over the impact of new tariffs. Tuesday’s rally extended Monday’s gains, which were spurred by reports that Qatar had intercepted an Iranian missile targeting a U.S. military base.

Top Movers: Under $10 

OneMedNet Corp (ONMD) is up 134.35% today to trade at the current level of $0.8. This comes after the company raised about $3.7 million through private stock sales to accredited investors at $0.42 per share, before fees and expenses.

InMed Pharmaceuticals Inc (INM) zoomed 68.37% in today’s trade to $4.12 after reporting new preclinical data showing that INM-901 reduces inflammation in lab models, supporting its potential for treating Alzheimer's disease.

In current trading, Eyenovia Inc (EYEN) stock is at $8.47 after announcing the closing of $50 million private placement (PIPE) with accredited investors.

WF Holding Ltd (WFF) rose 16.53% in the early hours of today's trading to move at $7.59 after announcing plans to make significant investments in China to expand its business scope and promote bilateral economic cooperation and technological exchanges.

In the current trading session, Trinity Biotech Plc ADR (TRIB) jumped 27.91% to $0.7 over a previous close of $0.55 after receiving WHO approval for outsourced manufacturing of its TrinScreen™ HIV rapid test, a key product for HIV screening.

Ex-Dividends Stocks

Prospect Capital Corp (PSEC) is about to trade ex-dividend Thursday, meaning that investors who buy the stock after Thursday will not be eligible for the next dividend payment. The company's next dividend payment will be $0.04 per share. It has fixed August 27 as the record date for the same and will pay the actual dividend on September 18. Last year, the company distributed a total of $0.61 to its shareholders. Based on last year's worth of payments, PSEC has a trailing yield of 19.23% on the current stock price of $3.2.

Another stock that is shelling out dividends Thursday is Mercer International Inc (MERC), having a market capitalization of $239.73M. It will pay a dividend of $0.07 per share, the payment date of which is July 03. Currently, the stock is trading at a trailing dividend yield of 8.37%.

Shares of Alico Inc (ALCO) will be the talk of the stock market on Friday as the stock will turn ex-dividend. The company's next dividend payment will be $0.05 per share, and in the last 12 months, it paid a total of $0.20 per share. Last year's total dividend payments show that ALCO has a trailing yield of 0.63% on the current share price of $31.8.

Alerus Financial Corp (ALRS) is also set to go ex-dividend tomorrow. The next dividend payment from ALRS will amount to $0.21 per share. June 27 has been designated as the record date for this dividend, with the actual payout scheduled for July 11. In the previous year, ALRS distributed a total of $0.80 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for ALRS stands at 3.64% based on the current stock price of $21.99.

Keurig Dr Pepper Inc (KDP) will be paying out a dividend of $0.23 per share to shareholders holding their shares as of the close of the business hours on the record date of June 27. Over the past 12 months, KDP has paid out a total of $0.91 per share in dividends. Based on the total dividends paid out last year, KDP boasts an impressive trailing yield of 2.71% on the current share price of $33.42.

Crypto Market Highlights

• Nano Labs has announced a $500 million convertible notes agreement to fund its BNB token treasury.

• Digital Asset raised $135 million in funding from major investors, including Goldman Sachs and Citadel.

• Japan’s FSA proposed a reclassification of cryptocurrencies, paving the way for crypto ETFs and a flat 20% tax on digital asset income.

• The U.S. FHFA will explore whether crypto holdings can be factored into mortgage qualification processes.

• Turkey plans to introduce stricter crypto regulations to fight money laundering and financial crime, according to Anadolu Agency.

Most Shorted Stocks

Rigetti Computing Inc (RGTI) was one of the most shorted stocks as of the latest short interest figures, with 20.07% 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 800000 shares, which corresponds to a 1.47% increase in short interest. The total value of the shares held short is estimated to be around $637.38 million. The average daily volume stands at 47.94M shares, and the market capitalization of the company is $3.37B.

The Mullen Automotive Inc with the symbol MULN currently has a short interest of 15.17%. The short interest has changed by -4700600 shares. The days to cover ratio stands at 0.1. The estimated value of the shares held short is approximately $0.16 million. On an average day, 1.98M shares are traded, with the company's market capitalization totaling $3.05M.

For the stock Wayfair Inc (W), the current short interest is at 26.11%. This represents a significant short interest change of -840000 shares, corresponding to a short interest percentage decrease of 3.39%. The days needed to cover the short positions amount to 3.8. The approximate worth of the shares held short is $1.19 billion.

With the symbol AI, the stock currently has a short interest of 28.77%. The short interest change is 3350000 shares, compared with a short interest percentage change of 15.71%. It would take approximately 4.9 days to cover all the short positions. The shares' short value is estimated to be around $578.39 million. The company boasts an average daily volume of 5.28M shares, contributing to a market capitalization of $3.21B.

The stock ASPI has a current short interest of 22.69%. The short interest percentage has experienced a decrease of -13.91% while there was a change of -2290000 shares in short interest. The ratio indicating the time required to cover short positions is 5.1. The calculated worth of the shorted shares amounts to around $188.8 million. Trading activity averages at 3.13M shares per day, while the company's market capitalization stands at $641.63M.

EV stocks to Watch

According to our ST Score evaluation, Cirrus Logic, Inc (CRUS) emerges as a high-quality stock in the EV industry, attaining an impressive score of 61. The stock's profitability, financial strength, and Piotroski Score are strong. However, its growth is weak. Additionally, it is neutral in terms of performance, stock sentiment, and forecast.

Our ST Score also classifies BorgWarner Inc (BWA) as a high-quality EV stock today, presenting a Score of 55. The stock has strong fundamentals in terms of profitability, performance, and Piotroski Score. However, it has weak growth and financial strength. The stock sentiment and forecast are neutral.

Another stock in the category, Magna International Inc (MGA) has the ST Score of 53, 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 and financial strength. Stock sentiment and forecast suggest a neutral outlook.

QuantumScape Corp (QS) 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 financial strength, but its weaknesses are in its profitability and growth. However, it shows neutral outlook in performance, stock sentiment, Piotroski Score, and forecast.

Texas Instruments Inc (TXN) currently has the ST Score of 51, 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. The stock's financial strength, 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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