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- Stellar Stocks Under $10: Your Mid-Day Guide!
Stellar Stocks Under $10: Your Mid-Day Guide!
The Newsheater daily Mid-Day Newsletter is Powered by Stocks Telegraph
Dear Readers,
Stocks are edging upwards this Wednesday in anticipation of Thanksgiving and Black Friday.
Nvidia posted impressive earnings, yet its shares dipped following a remarkable 241% surge in 2023. Oil prices took a significant plunge due to OPEC's meeting delay.
Weekly jobless claims saw a larger-than-anticipated decline, but consumer sentiment showed ongoing weakness throughout November.
At 12:04 PM ET, the Dow was up 214.6094 points, or 0.6116%, at $35302.9. The Nasdaq Composite added 103.0811 points, or 0.6469%, at $16036.701. The S&P 500 rose 24.3398 points, or 0.5363%, at $4562.53. Among the 11 major S&P 500 sectors, 7 showed negative movement, with Industrials leading the way with a -0.86% decrease.
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Top Movers: Under $10
Reliance Global Group Inc (RELI) is up 38.81% today to trade at the current level of $1.18. This comes after after the company announced plans for a proposed public share offering.
PaxMedica Inc (PXMD) zoomed 32.10% in today’s trade to $1.06 after announcing pricing of $7M public offering
In current trading, Agape ATP Corp (ATPC) stock is at $1.14. The company announced US$1 million share repurchase plan
Cuentas Inc (CUEN) rose 7.10% in the early hours of today's trading to move at $1.66. The company has released a management update highlighting the use of a pioneering construction method, reminiscent of interlocking LEGO bricks.
In the current trading session, SciSparc Ltd (SPRC) jumped 19.15% to $7.59 over a previous close of $6.37 as investors react to the company signing a letter of intent for a merger.
After a rough outing in 2022, 2023 has been explosive.
In fact, since the year began, major indices, like the S&P 500 are up about 15% year to date. Heading into New Year 2024, things could get even better.
That said, here are three "no brainer" stocks to consider.
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Ex-Dividends Stocks
Assurant Inc (AIZ) 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 $0.72 per share. The company has fixed November 27 as the record date for the same and will pay the actual dividend on December 18. Last year, the company distributed a total of $2.82 to its shareholders. Based on the last year's worth of payments, AIZ has a trailing yield of 1.72% on the current stock price of $164.02.
Another stock that is shelling out dividends Friday is Northrop Grumman Corp. (NOC), having a market capitalization of $71.13B. It will pay a dividend of $1.87 per share, the payment date of which is December 13. Currently, the stock is trading at a trailing dividend yield of 1.54%.
Shares of Atmos Energy Corp. (ATO) will be the talk of stock market on Thursday as the stock will turn ex-dividend. The company's next dividend payment will be $0.81 per share, and in the last 12 months, the company paid a total of $3.10 per share. Last year's total dividend payments show that ATO has a trailing yield of 2.76% on the current share price of $112.25.
Radian Group, Inc. (RDN) is also set to go ex-dividend Friday. The next dividend payment from RDN will amount to $0.23 per share. November 27 has been designated as the record date for this dividend, with the actual payout scheduled for December 12. In the previous year, RDN distributed a total of $0.90 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for RDN stands at 3.53% based on the current stock price of $25.46.
LyondellBasell Industries NV (LYB) will be paying out a dividend of $1.25 per share to shareholders holding their shares as of the close of the business hours on the record date of November 27. Over the past 12 months, LYB has paid out a total of $4.86 per share in dividends. Based on the total dividends paid out last year, LYB boasts an impressive trailing yield of 5.12% on the current share price of $94.90.
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Crypto Market Highlights
Decentralized exchange Pancakeswap introduces "Gauges," enabling governance token holders to vote for additional rewards in specific pools, alongside the replacement of vCAKE with veCAKE.
Coinbase renews its call for the SEC to establish crypto rules, citing the recent SEC action against Kraken as supporting evidence.
PeckShield reports over $86.6 million in digital assets transferred from HECO Chain bridge to suspicious addresses, suggesting a compromise and ongoing exploit.
Major cryptocurrency tracking website CoinGecko enhances its data offerings by acquiring Zash, a nonfungible token (NFT) data infrastructure platform.
Bankrupt crypto lender Genesis Global Capital initiates a lawsuit against cryptocurrency exchange Gemini to recover $689 million in preferential transfers, as per a Nov. 21 court filing.
There's a three-step pattern to every tech boom, but the biggest stock market winners don't often appear until Step Three. So, if you're worried you missed out on the AI boom, breathe easy. You see, AI only just moved from Step One to Step Two and I think the big money is still ahead.
Click here to find out which four stocks I believe will lead the next wave of the AI boom.
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Most Shorted Stocks
Omeros Corporation (OMER) was one of the most shorted stocks as of latest short interest figures, with 21.32% 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 19.9. This represents a change of -280000 shares, which corresponds to a -2.13% decrease in short interest. The total value of the shares held short is estimated to be around $21.6 million. The average daily volume stands at 660.51K shares, and the market capitalization of the company is $105.94M.
The Transmedics Group Inc with the symbol TMDX currently has a short interest of 19.94%. The short interest has changed by 660000 shares. The days to cover ratio stands at 7.1. The estimated value of the shares held short is approximately $454.27 million. On an average day, 909.92K shares are traded, with the company's market capitalization totaling $2.28B.
For the stock BioXcel Therapeutics Inc (BTAI), the current short interest is at 28.75%. This represents a significant short interest change of 840000 shares, corresponding to a short interest percentage increase of +16.90%. The days needed to cover the short positions amount to 1.9. The approximate worth of the shares held short is $22.48 million.
The stock RYTM has a current short interest of 23.23%. The short interest percentage has experienced decrease of -1.19% while there was a change of -140000 shares in short interest. The ratio indicating the time required to cover short positions is 19.9. The calculated worth of the shorted shares amounts to around $1.51 billion. Trading activity averages at 573.64K shares per day, while the company's market capitalization stands at $1.98B.
...and changing the trajectory of your family's future forever.
It can happen. But the question is... How do you find the right stock?
How do we go about identifying the stock with the best chance to get us there?
That's what I'm going to share with you today.
You see... I've found the next stock that I believe has just as much potential as (perhaps more than) Berkshire Hathaway, Apple, Netflix or Amazon.
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AI Stocks to Watch
According to our ST Score evaluation, Twilio Inc (TWLO) emerges as a high-quality stock in the AI industry, attaining an impressive score of 55.0. The stock's performance, financial strength, and stock sentiment are strong. However, its value, and profitability are weak. Additionally, it is neutral in terms of growth, Piotroski Score, and forecast.
Our ST Score also classifies Ansys Inc. (ANSS) as a high-quality AI stock today, presenting a Score of 60.0. The stock has strong fundamentals in terms of profitability, performance, stock sentiment, and Piotroski Score. However, it has weak value, and growth. The financial strength, and forecast are neutral.
Another stock in the category, Salesforce Inc (CRM) has the ST Score of 58.0, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, stock sentiment, and Piotroski Score but weak in value, growth, and financial strength. Forecast suggest a neutral outlook.
Crowdstrike Holdings Inc (CRWD) stock has the ST Score of 58.0 which implies that the AI company has a high probability of beating the market. The stock's strengths lie in its performance, growth, and stock sentiment, but its weaknesses are in its value. However, it shows neutral outlook in profitability, financial strength, Piotroski Score, and forecast.
Cisco Systems, Inc. (CSCO) currently has the ST Score of 55.0, which signifies a huge upward potential. The AI stock's strong points are its profitability, stock sentiment, and Piotroski Score, while its weak points are its value, and growth. The stock's performance, financial strength, 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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