Stock Surge: EV Ratings Climb & $10 Picks Heat Up

U.S. stocks continued to slide on Tuesday after President Trump reiterated that his August 1 tariff rollout will move forward without exceptions. In a Truth Social post, Trump made it clear there would be no delay or revisions to the planned duties, reinforcing a tough stance on trade.

As of 11:21 AM ET, the Dow was down -138.28 points, or -0.3114%, at $44268.09. The Nasdaq Composite lost -7.56 points, or -0.03%, at $22678.01. The S&P 500 declined -7.43 points, or -0.12%, at $6222.55. Among the 11 major S&P 500 sectors, 8 showed negative movement, with Utilities leading the way with a -2.79% decrease.

Despite the firm tone, some traders now believe the new tariffs may not be as harsh as initially feared, suggesting the most turbulent phase of the trade war could be behind us.

Meanwhile, banking stocks took a hit after HSBC signaled a “more cautious stance” on larger institutions. JPMorgan and Bank of America each dropped 3%, while Goldman Sachs slipped 2%, making financials the market’s weakest sector.

Top Movers: Under $10 

ProKidney Corp (PROK) is up 223.17% today to trade at the current level of $1.96. This comes after the company reported statistically significant and clinically meaningful positive topline results from the full Group 1 modified intent-to-treat (mITT) population of the Phase 2 REGEN-007 trial evaluating rilparencel in patients with CKD and diabetes.

ZyVersa Therapeutics Inc (ZVSA) zoomed 32.18% in today’s trade to $0.87 after providing regulatory and product support for FDA-authorized Emergency Compassionate Use of Cholesterol Efflux Mediator™ VAR 200 in a patient with ApoCII amyloidosis.

In current trading, Rallybio Corp (RLYB) stock is at $0.45. The company acquired Rallybio’s full stake in their joint ENPP1 inhibitor program (REV102) and a backup drug for treating hypophosphatasia (HPP), a rare genetic disorder.

Sequans Communications S.A ADR (SQNS) rose 33.22% in the early hours of today's trading to move at $1.9 after closing $384 million strategic investment to launch Bitcoin Treasury Initiative.

In the current trading session, SeaStar Medical Holding Corp (ICU) jumped 37.37% to $0.75 over a previous close of $0.55 after announcing that the QUELIMMUNE therapy has been adopted for use by the nationally recognized Texas Children’s Hospital.

Ex-Dividends Stocks

Gentex Corp (GNTX) 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 $0.12 per share. It has fixed July 09 as the record date for the same and will pay the actual dividend on July 23. Last year, the company distributed a total of $0.48 to its shareholders. Based on the last year's worth of payments, GNTX has a trailing yield of 2.07% on the current stock price of $23.16.

Another stock that is shelling out dividends tomorrow is HarborOne Bancorp Inc (HONE), having a market capitalization of $526.38M. It will pay a dividend of $0.09 per share, the payment date of which is July 23. Currently, the stock is trading at a trailing dividend yield of 2.70%.

Shares of Interdigital Inc (IDCC) 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 $0.6 per share, and in the last 12 months, it paid a total of $1.90 per share. Last year's total dividend payments show that IDCC has a trailing yield of 0.84% on the current share price of $225.76.

NewtekOne Inc (NEWT) is also set to go ex-dividend tomorrow. The next dividend payment from NEWT will amount to $0.19 per share. July 09 has been designated as the record date for this dividend, with the actual payout scheduled for July 21. In the previous year, NEWT distributed a total of $0.76 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for NEWT stands at 6.33% based on the current stock price of $12.02.

Intuit Inc (INTU) will be paying out a dividend of $1.04 per share to shareholders holding their shares as of the close of the business hours on the record date of July 10. Over the past 12 months, INTU has paid out a total of $4.02 per share in dividends. Based on the total dividends paid out last year, INTU boasts an impressive trailing yield of 0.52% on the current share price of $778.87.

Crypto Market Highlights

• Falcon USD (USDf) dropped below its $1 peg due to concerns over liquidity and collateral quality.

• Truth Social, owned by Trump Media, has filed with the SEC to launch a crypto ETF tracking blue-chip digital assets.

• Linqto, a private investment platform holding 4.7M Ripple shares, has filed for Chapter 11 bankruptcy in the U.S.

• Pakistan has launched the Pakistan Virtual Assets Regulatory Authority (PVARA) to regulate its digital asset industry.

• Japanese firm Metaplanet plans to use its Bitcoin reserves to acquire cash-generating businesses, including a potential digital bank in Japan.

Most Shorted Stocks

SoundHound AI Inc (SOUN) was one of the most shorted stocks as of latest short interest figures, with 34.24% 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 4.3. This represents a change of 6430000 shares, which corresponds to a +5.51% increase in short interest. The total value of the shares held short is estimated to be around $1.58 billion. The average daily volume stands at 31.56M shares, and the market capitalization of the company is $5.14B.

The Arbor Realty Trust Inc with the symbol ABR currently has a short interest of 31.61%. The short interest has changed by -2110000 shares. The days to cover ratio stands at 15.2. The estimated value of the shares held short is approximately $640.5 million. On an average day, 3.88M shares are traded, with the company's market capitalization totaling $2.11B.

For the stock Altimmune Inc (ALT), the current short interest is at 31.37%. This represents a significant short interest change of 2420000 shares, corresponding to a short interest percentage increase of +11.01%. The days needed to cover the short positions amount to 8.6. The approximate worth of the shares held short is $111.26 million.

With the symbol AVXL, the stock currently has a short interest of 33.33%. The short interest change is 180000 shares, compared with a short interest percentage change of +0.72%. It would take approximately 26.6 days to cover all the short positions. The shares short value is estimated to be around $245.95 million. The company boasts an average daily volume of 919.39K shares, contributing to a market capitalization of $860.67M.

The stock NTLA has a current short interest of 29.58%. The short interest percentage has experienced a decrease of -5.93% while there was a change of -1870000 shares in short interest. The ratio indicating the time required to cover short positions is 6.7. The calculated worth of the shorted shares amounts to around $274.03 million. Trading activity averages at 4.44M shares per day, while the company's market capitalization stands at $1.13B.

EV Stocks to Watch

According to our ST Score evaluation, BorgWarner Inc (BWA) emerges as a high-quality stock in the EV industry, attaining an impressive score of 54. The stock's profitability, performance, and Piotroski Score are strong. However, its growth and financial strength are weak. Additionally, it is neutral in terms of stock sentiment, and forecast.

Our ST Score also classifies Magna International Inc (MGA) as a high-quality EV stock today, presenting a Score of 54. The stock has strong fundamentals in terms of profitability, performance, and Piotroski Score. However, it has weak growth and financial strength. The stock sentiment, and forecast are neutral.

Another stock in the category, ST Microelectronics (STM) has the ST Score of 56, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, and Piotroski Score. Growth, financial strength, stock sentiment, and forecast suggest a neutral outlook.

Aptiv PLC (APTV) stock has the ST Score of 55 which implies that the EV company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, and Piotroski Score, but its weaknesses are in its financial strength. However, it shows a neutral outlook in growth, stock sentiment, and forecast.

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