Top AI Stocks & Bargain Buys

Wall Street stocks showed a mixed performance on Wednesday as investors digested the Personal Consumption Expenditure (PCE) inflation report. According to the Commerce Department, the PCE index increased by 2.3% year-over-year in October, while monthly growth stood at 0.2%.

With the Thanksgiving holiday approaching, trading activity has slowed. Markets will be closed on Thursday and will have shortened hours on Friday. Meanwhile, the Federal Reserve has returned to the spotlight after recent focus on President-elect Donald Trump's tariff plans and Cabinet appointments.

The latest data from the Federal Reserve’s preferred inflation measure revealed that prices remained flat in October compared to the previous month. This has sparked concerns about whether progress toward the Fed's 2% inflation target has stalled.

As of 11:35 AM ET, the Dow was down -3.26 points, or -0.0073%, at $44857.06. The Nasdaq Composite lost -268.8 points, or -1.28%, at $20654.0981. The S&P 500 declined -23.43 points, or -0.3891%, at $5998.21. Among the 11 major S&P 500 sectors, 7 showed negative movement, with Utilities leading the way with a -2.58% decrease.

Top Movers: Under $10

VCI Global Ltd (VCIG) is up 154.19% today to trade at the current level of $4.55. This comes after the company received a conditional letter of award for a US$24 million AI contract.

Top KingWin Ltd (WAI) zoomed 160.42% in today’s trade to $0.62 after announcing $2,500,000 convertible promissory note private placement.

In current trading, Unusual Machines Inc (UMAC) stock is at $9.90 following news that Donald Trump Jr., a globally recognized business leader, best-selling author, and investor in the Company, has joined the Company's advisory board.

Interactive Strength Inc (TRNR) rose 22.67% in the early hours of today's trading to move at $3.37 after announcing that it received a letter confirming demonstrated compliance with Listing Rule 5550(b)(1) of The Nasdaq Stock Market, which successfully concludes the Hearings Panel appeal process that began in May.

In the current trading session, Sportsman's Warehouse Holdings Inc (SPWH) jumped 18.82% to $2.21 over a previous close of $1.86. The company will hold its quarterly conference call to discuss third quarter 2024 financial results on Tuesday, December 10, 2024.

Ex-Dividends Stocks

AAON Inc (AAON) 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 $0.08 per share. The company has fixed November 29 as the record date for the same and will pay the actual dividend on December 19. Last year, the company distributed a total of $0.32 to its shareholders. Based on the last year's worth of payments, AAON has a trailing yield of 0.23% on the current stock price of $137.13.

Shares of Allstate Corp (ALL) will be the talk of the stock market on Friday as the stock will turn ex-dividend. The company's next dividend payment will be $0.92 per share, and in the last 12 months, the company paid a total of $3.65 per share. Last year's total dividend payments show that ALL has a trailing yield of 1.75% on the current share price of $208.83.

CSX Corp (CSX) is also set to go ex-dividend Friday. The next dividend payment from CSX will amount to $0.12 per share. November 29 has been designated as the record date for this dividend, with the actual payout scheduled for December 13. In the previous year, CSX distributed a total of $0.47 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for CSX stands at 1.28% based on the current stock price of $36.65.

Kraft Heinz Co (KHC) will be paying out a dividend of $0.4 per share to shareholders holding their shares as of the close of the business hours on the record date of November 29. Over the past 12 months, KHC has paid out a total of $1.60 per share in dividends. Based on the total dividends paid out last year, KHC boasts an impressive trailing yield of 4.99% on the current share price of $32.08.

Crypto Market Highlights

• Tether is discontinuing support for its euro-pegged stablecoin EUR₮ (EURT) across all blockchains, with users required to redeem holdings within one year.

• MIAX Sapphire Options Exchange has filed revised rules to list options on three Bitcoin ETFs: Grayscale Bitcoin Trust (GBTC), Grayscale Bitcoin Mini Trust (BTC), and Bitwise Bitcoin ETF (BITB).

• OpenAI has secured a $1.5 billion investment from SoftBank Group through a tender offer, enabling the purchase of shares from current and former OpenAI employees.

• A Solana-based memecoin trader turned a $160 investment into millions after buying tokens tied to a viral internet meme.

• Ripple announced it will invest in Bitwise's XRP exchange-traded product (ETP) as the issuer rebrands the offering to enhance its presence in the European market.

Most Shorted Stocks

Interactive Strength Inc (TRNR) was one of the most shorted stocks as of the latest short interest figures, with 12.14% 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 0.1. This represents a change of 68400 shares, which corresponds to a +844.44% increase in short interest. The total value of the shares held short is estimated to be around $0.26 million. The average daily volume stands at 706.85K shares, and the market capitalization of the company is $2.11M.

The Groupon Inc with the symbol GRPN currently has a short interest of 48.67%. The short interest has changed by 1340000 shares. The days to cover ratio stands at 7.6. The estimated value of the shares held short is approximately $98.83 million. On an average day, 1.41M shares are traded, with the company's market capitalization totaling $369.05M.

For the stock B. Riley Financial Inc (RILY), the current short interest is at 66.17%. This represents a significant short interest change of 920000 shares, corresponding to a short interest percentage increase of +9.82%. The days needed to cover the short positions amount to 5.0. The approximate worth of the shares held short is $62.15 million.

With the symbol PLCE, the stock currently has a short interest of 61.12%. The short interest change is -100000 shares, compared with a short interest percentage change of -3.29%. It would take approximately 1.2 days to cover all the short positions. The shares short value is estimated to be around $162.07 million. The company boasts an average daily volume of 2.37M shares, contributing to a market capitalization of $200.28M.

AI Stocks to Watch

According to our ST Score evaluation, Arista Networks Inc (ANET) emerges as a high-quality stock in the AI industry, attaining an impressive score of 64. The stock's profitability, performance, financial strength, and Piotroski Score are strong. Additionally, it is neutral in terms of growth, stock sentiment, and forecast.

Our ST Score also classifies Palantir Technologies Inc (PLTR) as a high-quality AI stock today, presenting a Score of 61. The stock has strong fundamentals in terms of profitability, performance, financial strength, and Piotroski Score. The growth, stock sentiment, and forecast are neutral.

Another stock in the category, Amazon.com Inc (AMZN) has the ST Score of 60, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, growth, and Piotroski Score. Financial strength, stock sentiment, and forecast suggest a neutral outlook.

Zoom Communications Inc (ZM) stock has the ST Score of 60 which implies that the AI 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 neutral outlook in stock sentiment, and forecast.

Taiwan Semiconductor Manufacturing ADR (TSM) currently has the ST Score of 59, which signifies a huge upward potential. The AI stock's strong points are its profitability, performance, growth, and Piotroski Score. The stock's financial strength, 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

P.S. Want my daily watchlists sent to your cell phone too? Join our WhatsApp Exclusive Community for real-time alerts on hot stocks. Stay ahead with instant updates and exclusive insights!