Moving Ahead: EV Favorites & $10 Stocks Making Bluster

Stocks slipped on Tuesday, pulling back from Monday’s record highs, as traders reacted to a fresh wave of earnings reports and shifting trade headlines. Both the S&P 500 and Nasdaq Composite retreated, with cautious sentiment setting in following new data and corporate results.

As of 11:20 AM ET, the Dow was up 26.19 points, or 0.0591%, at $44349.27. The Nasdaq Composite lost -121.19 points, or -0.52%, at $23058.87. The S&P 500 declined -7.22 points, or -0.11%, to $6298.38. Among the 11 major S&P 500 sectors, 6 showed positive movement, with Health Care leading the way with a 0.83% increase.

So far, 88 S&P 500 companies have reported earnings, with over 82% beating analysts’ forecasts, according to FactSet. Still, investor focus remains on company commentary about macroeconomic certainty, AI-related spending trends, and the ongoing impact of tariffs.

Meanwhile, Treasury Secretary Scott Bessent signaled that the U.S. is likely to extend its deadline for a trade agreement with China. Bessent also revealed plans to meet with Chinese officials in Stockholm next week, a development that could influence market sentiment in the days ahead.

Top Movers: Under $10 

Fusion Fuel Green Ltd (HTOO) is up 81.15% today to trade at the current level of $7.75. This comes after the company’s subsidiary Bright Hydrogen agreed to explore a hydrogen project partnership with a green energy firm.

Polyrizon Ltd (PLRZ) zoomed 58.64% in today’s trade to $1.44 after reporting successful intranasal delivery of PL-14 Allergy Blocker in Latest Study.

In current trading, Faraday Future Intelligent Electric Inc (FFAI) stock is at $2.78 after Nature's Miracle Holding Inc. placed a non-binding pre-order for 1,000 FX Super One MPVs, a deal valued at up to $100 million.

DevvStream Corp (DEVS) rose 22.61% in the early hours of today's trading to move at $0.49 after revealing its initial crypto treasury portfolio and named BitGo as custodian and FRNT Financial as its digital treasury advisor.

In the current trading session, Farmer Bros. Co (FARM) jumped 20.96% to $1.64 over a previous close of $1.36 after announcing that it has initiated a process to evaluate strategic alternatives aimed at maximizing shareholder value.

Ex-Dividend Stocks

Kaiser Aluminum Corp (KALU) is about to trade ex-dividend Friday, meaning that investors who buy the stock after Friday will not be eligible for the next dividend payment. The company's next dividend payment will be $0.77 per share. It has fixed July 25 as the record date for the same and will pay the actual dividend on August 15. Last year, the company distributed a total of $3.08 to its shareholders. Based on last year's worth of payments, KALU has a trailing yield of 3.31% on the current stock price of $93.03.

Another stock that is shelling out dividends Friday is Lakeland Financial Corp (LKFN), having a market capitalization of $1.68B. It will pay a dividend of $0.5 per share, the payment date of which is August 05. Currently, the stock is trading at a trailing dividend yield of 2.97%.

Shares of Old Second Bancorporation Inc (OSBC) 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 $0.06 per share, and in the last 12 months, it paid a total of $0.23 per share. Last year's total dividend payments show that OSBC has a trailing yield of 1.23% on the current share price of $18.76.

Ohio Valley Banc Corp (OVBC) is also set to go ex-dividend Friday. The next dividend payment from OVBC will amount to $0.23 per share. July 25 has been designated as the record date for this dividend, with the actual payout scheduled for August 10. In the previous year, OVBC distributed a total of $0.89 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for OVBC stands at 2.57% based on the current stock price of $34.65.

United-Guardian, Inc (UG) will be paying out a dividend of $0.25 per share to shareholders holding their shares as of the close of the business hours on the record date of July 25. Over the past 12 months, UG has paid out a total of $0.70 per share in dividends. Based on the total dividends paid out last year, UG boasts an impressive trailing yield of 7.32% on the current share price of $9.56.

Crypto Market Highlights

• PancakeSwap Infinity (v4) has launched on Coinbase’s Ethereum Layer-2 network, Base. 

• Telegram has started rolling out its native cryptocurrency wallet to users in the United States.

• SharpLink Gaming continues to accumulate Ether (ETH), reclaiming its spot as the top public ETH holder ahead of BitMine Immersion Technologies.

• Bitget Wallet launched its first fiat withdrawal option through a partnership with crypto payments platform MoonPay.

• Genius Group, a Singapore-based AI edtech firm, added 20 BTC to its treasury, doubling its Bitcoin holdings in a month toward a 10,000 BTC goal.

Most Shorted Stocks

Cerence Inc (CRNC) was one of the most shorted stocks as of latest short interest figures, with 20.49% 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 6.1. This represents a change of -70000 shares, which corresponds to a -0.79% decrease in short interest. The total value of the shares held short is estimated to be around $80.35 million. The average daily volume stands at 1.53M shares, and the market capitalization of the company is $394.51M.

The EVgo Inc with the symbol EVGO currently has a short interest of 21.40%. The short interest has changed by 1060000 shares. The days to cover ratio stands at 5.9. The estimated value of the shares held short is approximately $107.63 million. On an average day, 4.68M shares are traded, with the company's market capitalization totaling $1.22B.

For the stock Enphase Energy Inc (ENPH), the current short interest is at 20.97%. This represents a significant short interest change of 2420000 shares, corresponding to a short interest percentage increase of +10.06%. The days needed to cover the short positions amount to 3.3. The approximate worth of the shares held short is $1.09 billion.

With the symbol HUMA, the stock currently has a short interest of 24.38%. The short interest change is 2150000 shares, compared with a short interest percentage change of +7.56%. It would take approximately 7.4 days to cover all the short positions. The shares' short value is estimated to be around $61.94 million. The company boasts an average daily volume of 3.92M shares, contributing to a market capitalization of $362.20M.

The stock CAR has a current short interest of 20.16%. The short interest percentage has experienced an increase of +5.70% while there was a change of 370000 shares in short interest. The ratio indicating the time required to cover short positions is 4.5. The calculated worth of the shorted shares amounts to around $5.99 billion. Trading activity averages at 1.36M shares per day, while the company's market capitalization stands at $6.90B.

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 59. 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 Honda Motor ADR (HMC) 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. The financial strength, 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.

ST Microelectronics (STM) stock has the ST Score of 53 which implies that the EV company has a high probability of beating the market. The stock's strengths lie in its profitability and Piotroski Score, but its weaknesses are in its growth. However, it shows neutral outlook in performance, financial strength, stock sentiment, and forecast.

BorgWarner Inc (BWA) currently has the ST Score of 52, which signifies a huge upward potential. The EV stock's strong points are its performance and Piotroski Score, while its weak points are its growth and financial strength. 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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