Dear Readers,

Stocks in the S&P 500 surged on Friday following milder inflation figures, propelling them toward an impressive eighth consecutive week of gains in a year-end rally sweeping Wall Street.

This streak marks a notable achievement, as both the S&P 500 and Dow are set for their longest stretch of positive weeks in several years – a feat not seen for the S&P 500 since 2017 and for the Dow since 2019. The S&P 500 is currently boasting a 0.9% weekly increase, while the Dow is up by 0.4%. Additionally, the Nasdaq has surged over 1% during this period.

The recent market upswing has seen a broader spectrum of participation, attributed to declining bond yields and speculation among traders anticipating interest rate cuts from the central bank. Friday witnessed a robust performance from the small-cap Russell 2000, with a gain exceeding 1% and on track for its sixth consecutive positive week.

In light of the approaching holiday, the U.S. stock market will be closed on Monday for Christmas.

As of 11:52 AM ET, the Dow was up 43.5977 points, or 0.1166%, at $37447.95. The Nasdaq Composite added 31.5313 points, or 0.1882%, at $16788.94. The S&P 500 rose 12.8599 points, or 0.2709%, at $4759.61. Among the 11 major S&P 500 sectors, 9 showed positive movement, with Utilities leading the way with a 0.67% increase.

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Top Movers: Under $10

Royalty Management Holding Corp. (RMCO) is up 56.78% today to trade at the current level of $3.12. This comes after the company announced that Ferrox Holdings Ltd. has confirmed the commencement of production of titanium ferrite from its Tivani operating site.

Daseke Inc (DSKE) zoomed 65.15% in today’s trade to $8.11 after announcing unanimous board approval for its acquisition by TFI International Inc. (TFII) in an all-cash deal worth about $1.1 billion.

In current trading, Rocket Lab USA Inc (RKLB) stock is at $5.51 following the news of securing a lucrative U.S. government contract potentially valued at up to $515 million.

Stronghold Digital Mining Inc (SDIG) rose 22.53% in the early hours of today's trading to move at $8.22 after revealing a securities purchase agreement to sell 2,300,000 shares of Class A Common Stock and share equivalents to an existing institutional investor at $6.71 per share equivalent.

In the current trading session, Volcon Inc (VLCN) jumped 15.01% to $0.09 over a previous close of $0.08. The company provided an important update and clarification regarding the development of its eagerly anticipated Stag model.

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Ex-Dividends Stocks

Zimmer Biomet Holdings Inc (ZBH) 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 $0.24 per share. The company has fixed December 27 as the record date for the same and will pay the actual dividend on January 31. Last year, the company distributed a total of $0.83 to its shareholders. Based on the last year's worth of payments, ZBH has a trailing yield of 0.68% on the current stock price of $120.81.

Another stock that is shelling out dividends on Monday is Prospect Capital Corporation (PSEC), having a market capitalization of $2.56B. It will pay a dividend of $0.06 per share, the payment date of which is January 18. Currently, the stock is trading at a trailing dividend yield of 11.55%.

Shares of Armada Hoffler Properties Inc (AHH) will be the talk of stock market on Monday as the stock will turn ex-dividend. The company's next dividend payment will be $0.2 per share, and in the last 12 months, the company paid a total of $0.78 per share. Last year's total dividend payments show that AHH has a trailing yield of 6.07% on the current share price of $12.86.

Tomorrow, Global Medical REIT Inc (GMRE) is also set to go ex-dividend on Monday. The next dividend payment from GMRE will amount to $0.21 per share. December 27 has been designated as the record date for this dividend, with the actual payout scheduled for January 09. In the previous year, GMRE distributed a total of $0.84 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for GMRE stands at 7.34% based on the current stock price of $11.49.

Alerus Financial Corp (ALRS) will be paying out a dividend of $0.19 per share to shareholders holding their shares as of the close of the business hours on the record date of December 27. Over the past 12 months, ALRS has paid out a total of $0.75 per share in dividends. Based on the total dividends paid out last year, ALRS boasts an impressive trailing yield of 3.34% on the current share price of $22.47.

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Most Shorted Stocks

Microvision Inc. (MVIS) was one of the most shorted stocks as of latest short interest figures, with 26.72% 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 26.9. This represents a change of 20000 shares, which corresponds to a +0.04% increase in short interest. The total value of the shares held short is estimated to be around $128.96 million. The average daily volume stands at 2.08M shares, and the market capitalization of the company is $482.57M.

The Kohl's Corp. with the symbol KSS currently has a short interest of 25.46%. The short interest has changed by -500000 shares. The days to cover ratio stands at 4.6. The estimated value of the shares held short is approximately $741.56 million. On an average day, 6.18M shares are traded, with the company's market capitalization totaling $3.06B.

With the symbol IONQ, the stock currently has a short interest of 29.89%. The short interest change is -880000 shares, compared with a short interest percentage change of -1.73%. It would take approximately 5.0 days to cover all the short positions. The company boasts an average daily volume of 9.46M shares, contributing to a market capitalization of $2.82B.

The stock LMND has a current short interest of 34.43%. The short interest percentage has experienced increase of +2.78% while there was a change of 460000 shares in short interest. The ratio indicating the time required to cover short positions is 9.6. The calculated worth of the shorted shares amounts to around $853.37 million. Trading activity averages at 1.93M shares per day, while the company's market capitalization stands at $1.19B.

Energy Stocks to Watch

According to our ST Score evaluation, Noble Corp Plc (NE) emerges as a high-quality stock in the Energy industry, attaining an impressive score of 64.0. The stock's profitability, performance, financial strength, and stock sentiment are strong. However, its value are weak. Additionally, it is neutral in terms of growth, Piotroski Score, and forecast.

Our ST Score also classifies DMC Global Inc (BOOM) as a high-quality Energy stock today, presenting a Score of 63.0. The stock has strong fundamentals in terms of valuation, performance, stock sentiment, and Piotroski Score. The profitability, growth, financial strength, and forecast are neutral.

Another stock in the category, Frontline Plc (FRO) has the ST Score of 62.0, which means that the stock carries the potential for higher returns. The stock is strong in performance, financial strength, stock sentiment, and Piotroski Score but weak in profitability. Value, growth, and forecast suggest a neutral outlook.

California Resources Corporation (CRC) stock has the ST Score of 60.0 which implies that the Energy company has a high probability of beating the market. The stock's strengths lie in its performance, stock sentiment, and Piotroski Score, but its weaknesses are in its profitability. However, it shows neutral outlook in value, growth, financial strength, and forecast.

Weatherford International plc (WFRD) currently has the ST Score of 60.0, which signifies a huge upward potential. The Energy stock's strong points are its profitability, performance, stock sentiment, and Piotroski Score, while its weak points are its value, and financial strength. The stock's growth, and forecast indicate a neutral outlook.