Stock Rundown: EV Stocks to Watch & Best $10 Picks

Stocks held steady on Tuesday as Wall Street paused to catch its breath following a postelection rally that propelled major U.S. benchmarks to record highs, shifting focus to this week’s economic data. This calm followed a landmark day on Monday when the Dow closed above 44,000 for the first time and the S&P 500 ended above 6,000.

As of, 11:35 AM ET, the Dow was down -199.8 points, or -0.4511%, at $44093.34. The Nasdaq Composite lost -19.24 points, or -0.0912%, at $21087.353. The S&P 500 declined -13.55 points, or -0.2258%, at $5987.79. Among the 11 major S&P 500 sectors, 9 showed negative movement, with Utilities leading the way with a -1.82% decrease.

Investor sentiment remains buoyant, driven by optimism that Donald Trump's return to the White House could usher in lower taxes and eased regulations, potentially fueling broader market growth. Market participants are now turning their attention to upcoming consumer and producer price index reports later in the week. These key inflation readings follow last week’s interest rate cut by the Federal Reserve and could influence future policy expectations.

Top Movers: Under $10

LogicMark Inc (LGMK) is up 47.74% today to trade at the current level of $0.20. This comes after the company announced a strategic partnership with Black Knight Medical, LLC, a Service-Disabled Veteran-Owned Small Business.

CareCloud Inc (CCLD) zoomed 32.87% in today’s trade to $3.47 after reporting third-quarter 2024 results.

In current trading, XBP Europe Holdings Inc (XBP) stock is at $1.27 after announcing the availability of SecAi on Oracle Cloud Infrastructure (OCI) and in the Oracle Cloud Marketplace.

Mainz Biomed N.V (MYNZ) rose 26.51% in the early hours of today's trading to move at $0.27. The company announced a collaborative agreement with Thermo Fisher Scientific Inc. (TMO), through its subsidiary Life Technologies Corporation.

In the current trading session, Mullen Automotive Inc (MULN) jumped 29.39% to $2.21 over a previous close of $1.71 after announcing that its Class 1 EV cargo van, the Mullen ONE, is now listed for vehicle rental on Turo, the world’s largest vehicle sharing marketplace.

Ex-Dividends Stocks

Cheesecake Factory Inc (CAKE) is about to trade ex-dividend tomorrow, 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 $0.27 per share. The company has fixed November 13 as the record date for the same and will pay the actual dividend on November 26. Last year, the company distributed a total of $1.08 to its shareholders. Based on the last year's worth of payments, CAKE has a trailing yield of 2.27% on the current stock price of $47.59.

Shares of United Rentals, Inc (URI) will be the talk of the stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $1.63 per share, and in the last 12 months, the company paid a total of $6.37 per share. Last year's total dividend payments show that URI has a trailing yield of 0.74% on the current share price of $864.90.

Tomorrow, Welltower Inc (WELL) is also set to go ex-dividend tomorrow. The next dividend payment from WELL will amount to $0.67 per share. November 13 has been designated as the record date for this dividend, with the actual payout scheduled for November 21. In the previous year, WELL distributed a total of $2.50 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for WELL stands at 1.83% based on the current stock price of $136.50.

Astec Industries Inc (ASTE) will be paying out a dividend of $0.13 per share to shareholders holding their shares as of the close of the business hours on the record date of November 13. Over the past 12 months, ASTE has paid out a total of $0.52 per share in dividends. Based on the total dividends paid out last year, ASTE boasts an impressive trailing yield of 1.37% on the current share price of $37.97.

Crypto Market Highlights

• Scott Bessent, a leading candidate for U.S. Treasury Secretary in President-elect Trump's administration, is "very pro-crypto," with a positive stance on Bitcoin and other cryptocurrencies, according to Fox Business journalist Eleanor Terrett.

• Ethereum researcher Justin Drake proposed a redesign of Ethereum's consensus layer, suggesting a shift from the current Beacon Chain to a new "Beam Chain" to move Ethereum closer to its final envisioned design.

• The value of Bitcoin held by El Salvador and Bhutan has significantly increased as crypto markets continue their upward momentum.

• Cryptocurrency exchange Bitget has relaunched its UK application after temporarily restricting access, confirming full compliance with local financial promotions regulations as of Nov. 12.

Most Shorted Stocks

LogicMark Inc (LGMK) was one of the most shorted stocks as of latest short interest figures, with 62.82% 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 0.2. This represents a change of 3372800 shares, which corresponds to a +771.45% increase in short interest. The total value of the shares held short is estimated to be around $0.76 million. The average daily volume stands at 17.81M shares, and the market capitalization of the company is $1.20M.

The Expion360 Inc with the symbol XPON currently has a short interest of 82.51%. The short interest has changed by -146000 shares. The days to cover ratio stands at 0.2. The estimated value of the shares held short is approximately $1.28 million. On an average day, 1.97M shares are traded, with the company's market capitalization totaling $1.75M.

For the stock Innovative Eyewear Inc (LUCY), the current short interest is at 71.78%. This represents a significant short interest change of 134200 shares, corresponding to a short interest percentage increase of +260.58%. The days needed to cover the short positions amount to 0.1. The approximate worth of the shares held short is $1.27 million.

With the symbol RILY, the stock currently has a short interest of 60.26%. The short interest change is -1870000 shares, compared with a short interest percentage change of -16.64%. It would take approximately 2.5 Days to Cover days to cover all the short positions. The shares short value is estimated to be around $0.95 million. The company boasts an average daily volume of 3.82M shares, contributing to a market capitalization of $154.20M.

The stock SVMH has a current short interest of 57.28%. The short interest percentage has experienced an increase of +299.19% while there was a change of 1768800 shares in short interest. The ratio indicating the time required to cover short positions is 0.2. The calculated worth of the shorted shares amounts to around $0.19 million. Trading activity averages at 14.08M shares per day, while the company's market capitalization stands at $0.93M.

EV Stocks to Watch

According to our ST Score evaluation, Cirrus Logic, Inc (CRUS) emerges as a high-quality stock in the EV industry, attaining an impressive score of 65. The stock's profitability, financial strength, and Piotroski Score are strong. However, its growth are weak. Additionally, it is neutral in terms of performance, stock sentiment, and forecast.

Our ST Score also classifies Aehr Test Systems (AEHR) as a high-quality EV stock today, presenting a Score of 60. The stock has strong fundamentals in terms of profitability, financial strength, and Piotroski Score. However, it has weak performance, stock sentiment, and forecast. The growth is neutral.

Another stock in the category, General Motors Company (GM) has the ST Score of 58, 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.

Alphabet Inc (GOOG) stock has the ST Score of 58 which implies that the EV company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, financial strength, and Piotroski Score, but its weaknesses are in its growth. However, it shows a neutral outlook in stock sentiment, and forecast.

Teck Resources Ltd (TECK) currently has the ST Score of 58, which signifies a huge upward potential. The EV stock's strong points are its profitability, and Piotroski Score, while its weak points are its growth. The stock's performance, financial strength, stock sentiment, and forecast indicate a neutral outlook.