Midday Watch: EV Leaders & $10 Stocks Gearing Up

The Dow Jones Industrial Average fell on Tuesday after President Donald Trump announced additional tariffs on Canadian steel and aluminum imports into the U.S.

As of 11:14 AM ET, the Dow was down -426.21 points, or -1.01692%, at $41485.5. The Nasdaq Composite added 6.58 points, or 0.0338635%, at $19437.533. The S&P 500 declined -27.85 points, or -0.49603%, at $5586.71. Among the 11 major S&P 500 sectors, 7 showed negative movement, with Industrials leading the way with a -1.66% decrease.

Investors are now eagerly awaiting the release of February’s Consumer Price Index (CPI) and Producer Price Index (PPI), scheduled for Wednesday and Thursday morning, respectively. Both are critical indicators of the U.S. economy's health.

Top Movers: Under $10

2seventy bio Inc (TSVT) is up 76.07% today to trade at the current level of $4.93. This comes after the company announced a definitive agreement to be acquired by Bristol Myers Squibb.

Myomo Inc (MYO) zoomed 42.69% in today’s trade to $5.95 after reporting financial results for the three months and year ended December 31, 2024.

In current trading, Aspira Women's Health Inc (AWH) stock is at $0.22 following the closing of $1.37 million private placement of convertible notes.

Plus Therapeutics Inc (PSTV) rose 29.13% in the early hours of today's trading to move at $1.64 after announcing the pricing of a private placement with gross proceeds to the Company expected to be approximately $15.0 million.

In the current trading session, Lightwave Logic Inc (LWLG) jumped 11.98% to $1.36 over a previous close of $1.21. The company announced that President Tom Zelibor and CFO and COO Jim Marcelli will attend and meet with investors at the 37th Annual ROTH Conference from March 17-18, 2025 in Dana Point, CA.

Ex-Dividends Stocks

HP Inc (HPQ) 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 $0.29 per share. It has fixed March 12 as the record date for the same and will pay the actual dividend on April 02. Last year, the company distributed a total of $1.12 to its shareholders. Based on the last year's worth of payments, HPQ has a trailing yield of 3.84% on the current stock price of $29.04.

Shares of NVIDIA Corp (NVDA) will be the talk of the stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.01 per share, and in the last 12 months, it paid a total of $0.03 per share. Last year's total dividend payments show that NVDA has a trailing yield of 0.03% on the current share price of $105.86.

Regency Centers Corporation (REG) is also set to go ex-dividend tomorrow. The next dividend payment from REG will amount to $0.7 per share. March 12 has been designated as the record date for this dividend, with the actual payout scheduled for April 02. In the previous year, REG distributed a total of $2.71 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for REG stands at 3.66% based on the current stock price of $74.08.

Diana Shipping Inc (DSX) will be paying out a dividend of $0.01 per share to shareholders holding their shares as of the close of the business hours on the record date of March 12. Over the past 12 months, DSX has paid out a total of $0.23 per share in dividends. Based on the total dividends paid out last year, DSX boasts an impressive trailing yield of 13.51% on the current share price of $1.74.

Crypto Market Highlights

• US lawmakers are gearing up for a heated debate on stablecoin regulation, with key industry leaders set to present their vision for digital asset oversight. 

• VanEck has registered the VanEck Avalanche ETF in Delaware, signaling a potential filing for a spot AVAX ETF.

• Deutsche Boerse's Clearstream is planning to launch cryptocurrency custody and settlement services for institutional clients in 2025, responding to growing demand for regulated digital asset infrastructure.

• An Ethereum developer dismissed speculation that the Ethereum Foundation was behind the recent deposit of over 30,000 Ether into the DeFi protocol Sky (formerly MakerDAO).

• The US Senate Banking Committee is scheduled to vote on a Republican-led stablecoin framework bill on March 13, after revisions following consultations with Democrats on the committee.

Most Shorted Stocks

Solaredge Technologies Inc (SEDG) was one of the most shorted stocks as of latest short interest figures, with 40.83% 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 4.8. This represents a change of 630000 shares, which corresponds to a +2.75% increase in short interest. The total value of the shares held short is estimated to be around $378.58 million. The average daily volume stands at 4.72M shares, and the market capitalization of the company is $946.99M.

The Tivic Health Systems Inc with the symbol TIVC currently has a short interest of 43.76%. The short interest has changed by 3421800 shares. The days to cover ratio stands at 0.3. The estimated value of the shares held short is approximately $10.65 million. On an average day, 733.70K shares are traded, with the company's market capitalization totaling $1.81M.

For the stock Wolfspeed Inc (WOLF), the current short interest is at 28.80%. This represents a significant short interest change of 3640000 shares, corresponding to a short interest percentage increase of +8.93%. The days needed to cover the short positions amount to 2.7. The approximate worth of the shares held short is $225.45 million.

With the symbol AVXL, the stock currently has a short interest of 31.97%. The short interest change is 770000 shares, compared with a short interest percentage change of +3.29%. It would take approximately 14.2 days to cover all the short positions. The shares short value is estimated to be around $386.11 million. The company boasts an average daily volume of 1.67M shares, contributing to a market capitalization of $740.06M.

The stock NTLA has a current short interest of 24.77%. The short interest percentage has experienced an increase of +1.50% while there was a change of 360000 shares in short interest. The ratio indicating the time required to cover short positions is 8.4. The calculated worth of the shorted shares amounts to around $220.95 million. Trading activity averages at 3.15M shares per day, while the company's market capitalization stands at $944.79M.

EV Stocks to Watch

According to our ST Score evaluation, Li Auto Inc ADR (LI) emerges as a high-quality stock in the EV industry, attaining an impressive score of 58. 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 Aptiv PLC (APTV) 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 financial strength. The growth, stock sentiment, and forecast are neutral.

Another stock in the category, Toyota Motor Corporation ADR (TM) has the ST Score of 55, 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.

ST Microelectronics (STM) stock has the ST Score of 54 which implies that the EV company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, and Piotroski Score. However, it shows neutral outlook in growth, financial strength, stock sentiment, and forecast.

BorgWarner Inc (BWA) currently has the ST Score of 53, 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, and financial strength. The stock's 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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