Navigating the Noon: Must-Watch Energy Stocks Today!

On Friday, the stock market showed minimal movement as Treasury yields surged in response to robust U.S. jobs data.

The Labor Department reported that the U.S. economy added 336,000 jobs in September, exceeding the expectations of economists surveyed by Dow Jones, who had anticipated only 170,000 jobs. However, it's worth noting that wage growth for the previous month fell short of projections.

In reaction to this data, the benchmark 10-year Treasury yield experienced a significant increase of more than 10 basis points, bringing it close to a 16-year high recorded earlier in the week. As of the latest data, the 10-year Treasury yield stood at 4.82%.

This week has been a challenging one for all major stock indices, with losses across the board. The S&P 500 has declined by 1.4% week-to-date, marking its fifth consecutive week of losses—the longest such streak since May 2022. The Dow has also seen a 1.7% drop, while the Nasdaq is down by 0.9% for the week.

Top Movers: Under $10

ParaZero Technologies Ltd (PRZO) is up 55.96% today to trade at the current level of $1.01. This comes after ParaZero and OVRL declared that the Civil Aviation Safety Authority (CASA) has approved the first-ever Australian authorization for drones to operate over populated areas and near people when using ParaZero safety systems.

Applied UV Inc (AUVI) zoomed 29.99% in today’s trade to $0.40. This rally can be attributed to news that the company will showcase its new Airocide® Pro+ air purification system for food preservation at the Global Produce & Floral Show, taking place on October 19-21, 2023, booth #3421 at the Anaheim Convention Center in California.

In current trading, RVL Pharmaceuticals plc (RVLP) stock is up 11% at $0.12 despite no official news from the company.

T2 Biosystems Inc (TTOO) rose 17.71% in the early hours of today's trading to move at $0.23. The strong performance of TTOO stock came as investors were encouraged by news that the company is set to report preliminary financial results for the third quarter 2023 on Thursday, October 12, 2023.

In the current trading session, NuScale Power Corporation (SMR) jumped 15.06% to $5.39 over a previous close of $4.68 as news came out that Standard Power will build two SMR-powered facilities generating almost 2GW of clean energy, partnering with NuScale Power Corporation and ENTRA1 Energy for support. NuScale is the sole U.S. provider with regulatory approval for SMRs.

Ex-Dividends Stocks

Lincoln National Corp. (LNC) 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 $0.45 per share. The company has fixed October 10 as the record date for the same and will pay the actual dividend on November 01. Last year, the company distributed a total of $1.80 to its shareholders. Based on the last year's worth of payments, LNC has a trailing yield of 7.86% on the current stock price of $22.91.

Another stock that is shelling out dividends on next week is American Tower Corp. (AMT), having a market capitalization of $73.08B. It will pay a dividend of $1.62 per share, the payment date of which is October 27. Currently, the stock is trading at a trailing dividend yield of 4.10%.

Shares of Interdigital Inc (IDCC) will be the talk of stock market on Tuesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.4 per share, and in the last 12 months, the company paid a total of $1.38 per share. Last year's total dividend payments show that IDCC has a trailing yield of 1.73% on the current share price of $80.09.

Tomorrow, Saga Communications Inc. (SGA) is also set to go ex-dividend on Tuesday. The next dividend payment from SGA will amount to $0.25 per share. October 11 has been designated as the record date for this dividend, with the actual payout scheduled for November 03. In the previous year, SGA distributed a total of $1.00 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for SGA stands at 4.80% based on the current stock price of $20.85.

Delta Air Lines Inc. (DAL) will be paying out a dividend of $0.1 per share to shareholders holding their shares as of the close of the business hours on the record date of October 12. Over the past 12 months, DAL has paid out a total of $0.24 per share in dividends. Based on the total dividends paid out last year, DAL boasts an impressive trailing yield of 0.65% on the current share price of $36.65.

Crypto Market Highlights

Most Shorted Stocks

Celcuity Inc (CELC) was one of the most shorted stocks as of latest short interest figures, with 28.85% 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 32.7. This represents a change of 320000 shares, which corresponds to a +11.39% increase in short interest. The total value of the shares held short is estimated to be around $28.01 million. The average daily volume stands at 58.20K shares, and the market capitalization of the company is $197.71M.

The Biomea Fusion Inc with the symbol BMEA currently has a short interest of 28.76%. The short interest has changed by 380000 shares. The days to cover ratio stands at 13.5. The estimated value of the shares held short is approximately $104.81 million. On an average day, 483.51K shares are traded, with the company's market capitalization totaling $440.39M.

The stock CUTR has a current short interest of 26.18%. The short interest percentage has experienced decrease of -8.74% while there was a change of -500000 shares in short interest. The ratio indicating the time required to cover short positions is 6.9. The calculated worth of the shorted shares amounts to around $28.74 million. Trading activity averages at 834.04K shares per day, while the company's market capitalization stands at $95.51M.

Energy Stocks to Watch

According to our ST Score evaluation, International Seaways Inc (INSW) emerges as a high-quality stock in the Energy sector, attaining an impressive score of 68.0. The stock's valuation, profitability, financial strength, and Piotroski Score are strong. Additionally, it is neutral in terms of performance, growth, stock sentiment, and forecast.

Our ST Score also classifies DHT Holdings Inc (DHT) as a high-quality Energy stock today, presenting a Score of 66.0. The stock has strong fundamentals in terms of growth, financial strength, and Piotroski Score. The value, profitability, performance, stock sentiment, and forecast are neutral.

Another stock in the category, Teekay Tankers Ltd (TNK) has the ST Score of 66.0, which means that the stock carries the potential for higher returns. The stock is strong in valuation, profitability, financial strength, and Piotroski Score. Performance, growth, stock sentiment, and forecast suggest a neutral outlook.

Imperial Petroleum Inc (IMPP) stock has the ST Score of 66.0 which implies that the Energy company has a high probability of beating the market. The stock's strengths lie in its valuation, financial strength, and Piotroski Score. However, it shows neutral outlook in profitability, performance, growth, stock sentiment, and forecast.

U.S. Silica Holdings Inc (SLCA) currently has the ST Score of 60.0, which signifies a huge upward potential. The Energy stock's strong points are its valuation, profitability, stock sentiment, and Piotroski Score, while its weak points are its growth, and financial strength. The stock's performance, and forecast indicate a neutral outlook.