👀 Missed the Rally? Here’s Why It Might Just Be Getting Started! 📈🚦

U.S. stocks jumped on Friday after Federal Reserve Chair Jerome Powell suggested the possibility of interest rate cuts during his highly anticipated speech in Jackson Hole. The Dow Jones Industrial Average surged 865 points, or 1.9%, reaching a new high. The S&P 500 rose 1.6%, while the Nasdaq Composite gained nearly 2%.

Powell’s comments ignited a rally in megacap tech stocks. Nvidia rose 1.3%, while Meta, Alphabet, and Amazon each climbed more than 2%. Tesla shares jumped around 5%. Markets are now pricing in a 91% chance of a quarter-point rate cut at the Fed’s September meeting, according to the CME FedWatch tool.

Despite the strong finish to the week, the broader market had been under pressure due to inflation concerns and lofty valuations. The S&P 500 and Nasdaq are still down 0.9% and 2% for the week, respectively. The Dow has outperformed, rising 0.3%, as investors rotated into small caps and value stocks.

Top Movers: Under $10 

AirNet Technology Inc (ANTE) is up 29.55% today to trade at the current level of $2.85. This comes after the company announced $180.0 million registered direct offering.

Incannex Healthcare Inc (IXHL) zoomed 23.47% in today’s trade to $0.56 after announcing that its Board of Directors has authorized a share repurchase program for up to $20 million of the Company’s outstanding shares of common stock.

In current trading, EpicQuest Education Group International Limited (EEIQ) stock is at $1.43 after announcing its first half financial results for the six months ended March 31, 2025.

Cycurion Inc (CYCU) rose 38.76% in the early hours of today's trading to move at $0.36. The company recently reported that it has regained compliance with Nasdaq listing requirements.

In the current trading session, Citius Pharmaceuticals Inc (CTXR) jumped 9.05% to $1.34 over a previous close of $1.23. The company has launched a new AI platform to help its commercial team with data insights ahead of the upcoming LYMPHIR™ therapy for CTCL.

Ex-Dividend Stocks

Advanced Energy Industries Inc (AEIS) is about to trade ex-dividend Monday, 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 $0.1 per share. It has fixed August 25 as the record date for the same and will pay the actual dividend on September 05. Last year, the company distributed a total of $0.40 to its shareholders. Based on the last year's worth of payments, AEIS has a trailing yield of 0.26% on the current stock price of $154.04.

Another stock that is shelling out dividends on Monday is CDW Corp (CDW), having a market capitalization of $22.07B. It will pay a dividend of $0.62 per share, the payment date of which is September 10. Currently, the stock is trading at a trailing dividend yield of 1.48%.

Shares of Tractor Supply Co (TSCO) 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 $0.23 per share, and in the last 12 months, it paid a total of $0.90 per share. Last year's total dividend payments show that TSCO has a trailing yield of 1.46% on the current share price of $61.5.

Essa Pharma Inc (EPIX) is also set to go ex-dividend on Monday. The next dividend payment from EPIX will amount to $1.69 per share. August 19 has been designated as the record date for this dividend.

Nathan's Famous, Inc (NATH) will be paying out a dividend of $0.5 per share to shareholders holding their shares as of the close of the business hours on the record date of August 25. Over the past 12 months, NATH has paid out a total of $2.00 per share in dividends. Based on the total dividends paid out last year, NATH boasts an impressive trailing yield of 1.83% on the current share price of $109.07.

Crypto Market Highlights

• North Korean hackers are targeting Coinbase’s remote work policy to gain access to its systems, seeking remote jobs under false identities.

• SharpLing Gaming has approved a $1.5 billion stock buyback, strengthening its position as one of the largest Ether corporate treasuries.

• China is considering launching a yuan-backed stablecoin, starting in Hong Kong and Shanghai, signaling a major shift in its crypto policy.

• The Philippine Congress is reviewing a proposal for the central bank to hold 10,000 Bitcoin as a strategic reserve.

• Apple has issued an urgent security update to patch a zero-click vulnerability affecting iPhones, iPads, and Macs, posing a significant threat to crypto users.

Most Shorted Stocks

Innoviva Inc (INVA) was one of the most shorted stocks as of the latest short interest figures, with 15.56% 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 10.8. This represents a change of -240000 shares, which corresponds to a -2.42% decrease in short interest. The total value of the shares held short is estimated to be around $195.93 million. The average daily volume stands at 934.40K shares, and the market capitalization of the company is $1.27B.

The Atomera Inc with the symbol ATOM currently has a short interest of 17.71%. The short interest has changed by -100000 shares. The days to cover ratio stands at 9.4. The estimated value of the shares held short is approximately $16.59 million. On an average day, 477.65K shares are traded, with the company's market capitalization totaling $107.67M.

For the stock Childrens Place Inc (PLCE), the current short interest is at 46.35%. This represents a significant short interest change of -190000 shares, corresponding to a short interest percentage decrease of 5.34%. The days needed to cover the short positions amount to 4.2. The approximate worth of the shares held short is $16.07 million.

With the symbol GME, the stock currently has a short interest of 16.60%. The short interest change is -280000 shares, compared with a short interest percentage change of -0.41%. It would take approximately 4.7 days to cover all the short positions. The shares' short value is estimated to be around $77.21 million. The company boasts an average daily volume of 14.11M shares, contributing to a market capitalization of $10.25B.

The stock PII has a current short interest of 16.25%. The short interest percentage has experienced a decrease of -4.48% while there was a change of -400000 shares in short interest. The ratio indicating the time required to cover short positions is 5.3. The calculated worth of the shorted shares amounts to around $3.85 billion. Trading activity averages at 1.62M shares per day, while the company's market capitalization stands at $3.19B.

Energy Stocks to Watch

According to our ST Score evaluation, Natural Resource Partners LP (NRP) emerges as a high-quality stock in the Energy industry, attaining an impressive score of 54. The stock's profitability, performance, and Piotroski Score are strong. Additionally, it is neutral in terms of growth, financial strength, stock sentiment, and forecast.

Our ST Score also classifies PrimeEnergy Resources Corp (PNRG) as a high-quality Energy stock today, presenting a Score of 56. The stock has strong fundamentals in terms of profitability and Piotroski Score. However, it has weak performance. The growth, financial strength, stock sentiment, and forecast are neutral.

Another stock in the category, USA Compression Partners LP (USAC) has the ST Score of 54, which means that the stock carries the potential for higher returns. The stock is strong in profitability and the Piotroski Score. Performance, growth, financial strength, stock sentiment, and forecast suggest a neutral outlook.

Bristow Group Inc (VTOL) stock has the ST Score of 54 which implies that the Energy 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 a neutral outlook in growth, stock sentiment, and forecast.

Forum Energy Technologies Inc (FET) currently has the ST Score of 56, which signifies a huge upward potential. The Energy stock's strong points are its performance, while its weak points are its profitability. The stock's growth, financial strength, stock sentiment, Piotroski Score, 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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