Top Energy Movers: Budget Picks Charging Ahead

Stocks rallied Friday after the latest U.S. jobs report came in stronger than expected, helping to ease investor concerns over an imminent economic slowdown.

As of 11:19 AM ET, the Dow was up 339.17 points, or 0.8014%, at $42658.91. The Nasdaq Composite added 196.25 points, or 0.91%, at $21743.68. The S&P 500 rose 50.69 points, or 0.85%, at $5989.99. Among the 11 major S&P 500 sectors, 6 showed positive movement, with Energy leading the way with a 0.69% increase.

This week’s economic data had fueled fears of weakening growth, with attention turning to how ongoing tariff disputes might affect the broader outlook. Investors are now focused on the Federal Reserve’s next policy meeting on June 17-18, where officials will weigh these developments as they consider the future path for interest rates.

With Friday’s gains, major indexes are on track for a strong week. The S&P 500 and Dow are both up more than 1% week-to-date, while the Nasdaq has surged more than 2%. The S&P 500 now sits just over 2% below its February peak.

Top Movers: Under $10 

Know Labs Inc (KNW) is up 67.55% today to trade at the current level of $0.85. This comes after the company announced that it has entered into an agreement with Goldeneye 1995 LLC.

Davis Commodities Ltd (DTCK) zoomed 40.79% in today’s trade to $0.84 after announcing the successful approval of a $30 million fundraising plan.

In current trading, Venus Concept Inc (VERO) stock is at $3.33 after announcing a definitive agreement to sell Venus hair business for $20 million.

Fuelcell Energy Inc (FCEL) rose 36.35% in the early hours of today's trading to move at $7.09 after reporting second quarter of fiscal 2025 results.

In the current trading session, Rent the Runway Inc (RENT) jumped 34.70% to $9.08 over a previous close of $6.74 after announcing first quarter 2025 results.

Ex-Dividends Stocks

Capital City Bank Group, Inc (CCBG) is about to trade ex-dividend Monday, meaning that investors who buy the stock after Monday will not be eligible for the next dividend payment. The company's next dividend payment will be $0.24 per share. It has fixed June 09 as the record date for the same and will pay the actual dividend on June 23. Last year, the company distributed a total of $0.91 to its shareholders. Based on last year's worth of payments, CCBG has a trailing yield of 2.43% on the current stock price of $37.46.

Another stock that is shelling out dividends on Monday is CME Group Inc (CME), having a market capitalization of $98.62B. It will pay a dividend of $1.25 per share, the payment date of which is June 25. Currently, the stock is trading at a trailing dividend yield of 1.69%.

Shares of Alphabet Inc (GOOG) will be the talk of the stock market on Monday as the stock will turn ex-dividend. The company's next dividend payment will be $0.21 per share, and in the last 12 months, it paid a total of $0.80 per share. Last year's total dividend payments show that GOOG has a trailing yield of 0.46% on the current share price of $174.32.

Steven Madden Ltd (SHOO) is also set to go ex-dividend on Monday. The next dividend payment from SHOO will amount to $0.21 per share. June 09 has been designated as the record date for this dividend, with the actual payout scheduled for June 20. In the previous year, SHOO distributed a total of $0.84 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for SHOO stands at 3.36% based on the current stock price of $25.01.

James River Group Holdings Ltd (JRVR) will be paying out a dividend of $0.01 per share to shareholders holding their shares as of the close of the business hours on the record date of June 09. Over the past 12 months, JRVR has paid out a total of $0.12 per share in dividends. Based on the total dividends paid out last year, JRVR boasts an impressive trailing yield of 2.02% on the current share price of $5.93.

Crypto Market Highlights

• Singapore's MAS clarifies Digital Token Service Providers (DTSPs) regime after industry concerns over a potential ban on serving overseas crypto clients. 

• Moonbirds NFT collection sees renewed market activity following the sale of its IP to blockchain game developer Orange Cap Games.

• Strategy, the largest corporate Bitcoin holder, aims to raise nearly $1 billion through a stock offering to fund more Bitcoin purchases.

• UK’s FCA proposes lifting the ban on cryptocurrency exchange-traded notes (ETNs) for retail investors.

• Switzerland advances plans to automatically share crypto-related data with 74 countries, including the UK and EU member states.

 Most Shorted Stocks

Medical Properties Trust Inc (MPW) was one of the most shorted stocks as of the latest short interest figures, with 34.18% 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 15.2. This represents a change of 2910000 shares, which corresponds to a +1.76% increase in short interest. The total value of the shares held short is estimated to be around $767.08 million. The average daily volume stands at 9.97M shares, and the market capitalization of the company is $2.73B.

The Altimmune Inc with the symbol ALT currently has a short interest of 33.24%. The short interest has changed by 90000 shares. The days to cover ratio stands at 8.8. The estimated value of the shares held short is approximately $130.13 million. On an average day, 2.53M shares are traded, with the company's market capitalization totaling $465.14M.

For the stock Hims & Hers Health Inc (HIMS), the current short interest is at 34.67%. This represents a significant short interest change of 30000 shares, corresponding to a short interest percentage increase of +0.05%. The days needed to cover the short positions amount to 1.7. The approximate worth of the shares held short is $3.57 billion.

With the symbol IRBT, the stock currently has a short interest of 29.56%. The short interest change is 1100000 shares, compared with a short interest percentage change of +14.75%. It would take approximately 3.6 days to cover all the short positions. The shares' short value is estimated to be around $234.4 million. The company boasts an average daily volume of 2.58M shares, contributing to a market capitalization of $116.95M.

The stock BMEA has a current short interest of 31.31%. The short interest percentage has experienced an increase of +3.01% while there was a change of 300000 shares in short interest. The ratio indicating the time required to cover short positions is 14.2. The calculated worth of the shorted shares amounts to around $21.74 million. Trading activity averages at 1.85M shares per day, while the company's market capitalization stands at $95.36M.

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 65. The stock's performance, growth, financial strength, and Piotroski Score are strong. Additionally, it is neutral in terms of profitability, stock sentiment, and forecast.

Our ST Score also classifies Nacco Industries Inc (NC) as a high-quality Energy stock today, presenting a Score of 65. The stock has strong fundamentals in terms of performance, growth, and Piotroski Score. The profitability, financial strength, stock sentiment, and forecast are neutral.

Another stock in the category, Teekay Corporation Ltd (TK) has the ST Score of 65, which means that the stock carries the potential for higher returns. The stock is strong in performance, financial strength, and Piotroski Score but weak in growth. Profitability, stock sentiment, and the forecast suggest a neutral outlook.

Imperial Petroleum Inc (IMPP) stock has the ST Score of 64 which implies that the Energy company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, growth, financial strength, and Piotroski Score. However, it shows neutral outlook in stock sentiment, and forecast.

Imperial Oil Ltd (IMO) currently has the ST Score of 63, which signifies a huge upward potential. The Energy stock's strong points are its profitability, performance, financial strength, and Piotroski Score. The stock's growth, 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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