⛽ These Energy Stocks Are Quietly Outperforming – Have You Noticed?

U.S. stocks ended the week mixed on Friday as President Trump’s comments helped ease fears of escalating trade tensions with China. The Dow rose 0.24%, the S&P 500 was flat, and the Nasdaq dipped slightly by 0.06%.

Optimism around regional bank earnings, including strong reports from Truist, Huntington, and Fifth Third, helped lift bank stocks after recent loan-related concerns.

However, investor nerves remained rattled following warnings about credit quality and a deepening federal government shutdown, now tied as the third longest in history.

Top Movers: Under $10 

Rani Therapeutics Holdings Inc (RANI) is up 164.90% today to trade at the current level of $1.25. This comes after the company announced a partnership with Chugai Pharmaceutical to develop and market an oral product combining Rani’s RaniPill® technology with Chugai’s rare disease antibody.

XORTX Therapeutics Inc (XRTX) zoomed 43.25% in today’s trade to $1.22 after announcing the acquisition of the Renal Anti-Fibrotic Therapeutic Program from Vectus Biosystems.

In current trading, Achieve Life Sciences Inc (ACHV) stock is at $4.1 after announcing that it received an FDA Commissioner's National Priority Voucher for cytisinicline as a treatment to help people quit vaping.

Sight Sciences Inc (SGHT) rose 31.82% in the early hours of today's trading to move at $4.55 after announcing new fee schedules from Novitas Solutions and First Coast Service Options for the TearCare Interventional Dry Eye Procedure.

In the current trading session, Linkers Industries Ltd (LNKS) jumped 19.64% to $0.67 over a previous close of $0.56 after announcing entering into a material definitive agreement.

Ex-Dividend Stocks

First Busey Corp (BUSE) is about to trade ex-dividend Oct 24, meaning that investors who buy the stock after Oct 24 will not be eligible for the next dividend payment. The company's next dividend payment will be $0.25 per share. It has fixed October 24 as the record date for the same and will pay the actual dividend on October 31. Last year, the company distributed a total of $0.99 to its shareholders. Based on the last year's worth of payments, BUSE has a trailing yield of 4.39% on the current stock price of $22.53.

Another stock that is shelling out dividends on Oct 24 is Coca-Cola Consolidated Inc (COKE), having a market capitalization of $11.35B. It will pay a dividend of $0.25 per share, the payment date of which is November 07. Currently, the stock is trading at a trailing dividend yield of 0.77%.

Shares of GE HealthCare Technologies Inc (GEHC) will be the talk of the stock market on Oct 24 as the stock will turn ex-dividend. The company's next dividend payment will be $0.04 per share, and in the last 12 months, it paid a total of $0.14 per share. Last year's total dividend payments show that GEHC has a trailing yield of 0.18% on the current share price of $73.11.

Gladstone Capital Corp (GLAD) is also set to go ex-dividend on Oct 24. The next dividend payment from GLAD will amount to $0.15 per share. December 22 has been designated as the record date for this dividend, with the actual payout scheduled for December 31. In the previous year, GLAD distributed a total of $1.96 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for GLAD stands at 10.17% based on the current stock price of $19.31.

Kaiser Aluminum Corp (KALU) will be paying out a dividend of $0.77 per share to shareholders holding their shares as of the close of the business hours on the record date of October 24. Over the past 12 months, KALU has paid out a total of $3.08 per share in dividends. Based on the total dividends paid out last year, KALU boasts an impressive trailing yield of 3.90% on the current share price of $79.04.

Crypto Market Highlights

• Three of Japan’s largest banks are reportedly collaborating to issue a yen-pegged stablecoin, signaling growing crypto adoption in the country's financial infrastructure.

• France’s banking regulator is increasing Anti-Money Laundering (AML) scrutiny on Binance and other crypto exchanges, as Paris seeks greater control under the EU’s MiCA framework.

• Uniswap has added Solana support to its web app, allowing users to connect Solana wallets and trade Solana-based tokens alongside assets from other networks.

• Ripple Labs is preparing a fundraising initiative to purchase $1 billion worth of XRP for a digital asset treasury, according to Bloomberg.

• Ghana’s central bank plans to introduce crypto regulations by year-end, advancing a bill to parliament shortly after Kenya enacted its own regulatory framework.

Most Shorted Stocks

Nuvation Bio Inc (NUVB) was one of the most shorted stocks as of the latest short interest figures, with 31.09% 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 12.3. This represents a change of 3950000 shares, which corresponds to a +5.81% increase in short interest. The total value of the shares held short is estimated to be around $254.77 million. The average daily volume stands at 6.00M shares, and the market capitalization of the company is $1.21B.

The TripAdvisor Inc with the symbol TRIP currently has a short interest of 22.53%. The short interest has changed by 1970000 shares. The days to cover ratio stands at 8.4. The estimated value of the shares held short is approximately $378.27 million. On an average day, 2.67M shares are traded, with the company's market capitalization totaling $1.80B.

For the stock Redhill Biopharma Ltd. ADR (RDHL), the current short interest is at 21.14%. This represents a significant short interest change of 661800 shares, corresponding to a short interest percentage increase of +1,750.79%. The days needed to cover the short positions amount to 0.5. The approximate worth of the shares held short is $1.08 million.

With the symbol GO, the stock currently has a short interest of 22.00%. The short interest change is -1810000 shares, compared with a short interest percentage change of -8.09%. It would take approximately 6.7 days to cover all the short positions. The shares short value is estimated to be around $10.58 million. The company boasts an average daily volume of 3.09M shares, contributing to a market capitalization of $1.48B.

The stock SMLR has a current short interest of 23.61%. The short interest percentage has experienced an increase of +21.24% while there was a change of 550000 shares in short interest. The ratio indicating the time required to cover short positions is 3.4. The calculated worth of the shorted shares amounts to around $481.28 million. Trading activity averages at 930.40K shares per day, while the company's market capitalization stands at $458.87M.

Energy Stocks to Watch

According to our ST Score evaluation, Delek Logistics Partners LP (DKL) emerges as a high-quality stock in the Energy industry, attaining an impressive score of 55. The stock's growth is strong. However, its financial strength is weak. Additionally, it is neutral in terms of profitability, performance, stock sentiment, Piotroski Score, and forecast.

Our ST Score also classifies Forum Energy Technologies Inc (FET) as a high-quality Energy stock today, presenting a Score of 55. The stock has strong fundamentals in terms of performance. However, it has weak profitability. The growth, financial strength, stock sentiment, Piotroski Score, and forecast are neutral.

Another stock in the category, Sandridge Energy Inc (SD) has the ST Score of 63, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, financial strength, and Piotroski Score. Growth, stock sentiment, and forecasts suggest a neutral outlook.

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

Riley Exploration Permian Inc (REPX) currently has the ST Score of 54, which signifies a huge upward potential. The Energy stock's strong points are its profitability, performance, and Piotroski Score, while its weak points are its growth, and financial strength. The stock's stock sentiment, 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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