Under $10 and Skyrocketing: Are You In? ⏳💰

The S&P 500 rose 0.2% Wednesday as investors looked ahead to Nvidia’s earnings, which could be pivotal for the ongoing bull market. Nvidia, holding about 8% of the index, traded flat, while the Nasdaq added 0.1% and the Dow gained 134 points.

Market caution lingered as long-term Treasury yields climbed, amid political tension over former President Trump’s push to influence the Fed and his move to remove Governor Lisa Cook. Despite this, stocks were mostly steady following a quiet Tuesday.

Select tech stocks outperformed: MongoDB jumped 32% and Okta rose 2%, both citing strong AI-related demand. With Nvidia’s earnings due after the bell, Wall Street is watching closely, as its results could drive—or derail—the AI-fueled rally.

Top Movers: Under $10 

Skyline Builders Group Holding Ltd (SKBL) is up 45.11% today to trade at the current level of $0.78. This comes after the company announced $17.775 million private placement.

Jinxin Technology Holding Co ADR (NAMI) zoomed 30.10% in today’s trade to $1.34 after announcing a deep collaboration with MICROLUMIN to co-develop the world's first AI-powered learning glasses.

In current trading, DevvStream Corp (DEVS) stock is at $2.91 following news that it regained compliance with Nasdaq listing requirements.

Azitra Inc (AZTR) rose 27.63% in the early hours of today's trading to move at $0.97 after announcing first patient dosed in phase 1/2 trial for ATR-04 program targeting oncology patients with EGFRi-Associated Rash.

In the current trading session, 3D Systems Corp (DDD) jumped 17.21% to $2.52 over a previous close of $2.15 following the receipt $7.65 million contract award from U.S. Air Force for Advanced Metal Printing System.

Ex-Dividend Stocks

ACNB Corp (ACNB) is about to trade ex-dividend Friday, 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 $0.34 per share. It has fixed September 01 as the record date for the same and will pay the actual dividend on September 15. Last year, the company distributed a total of $1.30 to its shareholders. Based on the last year's worth of payments, ACNB has a trailing yield of 2.79% on the current stock price of $46.64.

Another stock that is shelling out dividends Friday is AGNC Investment Corp (AGNC), having a market capitalization of $10.23B. It will pay a dividend of $0.12 per share, the payment date of which is September 10. Currently, the stock is trading at a trailing dividend yield of 14.67%.

Shares of Ames National Corp (ATLO) 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 $0.2 per share, and in the last 12 months, it paid a total of $0.60 per share. Last year's total dividend payments show that ATLO has a trailing yield of 3.00% on the current share price of $19.98.

CSX Corp (CSX) is also set to go ex-dividend Friday. The next dividend payment from CSX will amount to $0.13 per share. August 29 has been designated as the record date for this dividend, with the actual payout scheduled for September 15. In the previous year, CSX distributed a total of $0.50 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for CSX stands at 1.54% based on the current stock price of $32.41.

EBay Inc (EBAY) will be paying out a dividend of $0.29 per share to shareholders holding their shares as of the close of business hours on the record date of August 29. Over the past 12 months, EBAY has paid out a total of $1.39 per share in dividends. Based on the total dividends paid out last year, EBAY boasts an impressive trailing yield of 1.47% on the current share price of $94.44.

Crypto Market Highlights

• Swarm Network raised $13 million to develop a decentralized AI verification protocol.

• Solana ecosystem is entering hardware with the upcoming launch of its first handheld gaming console.

• Polygon is set to upgrade to the USDT0 standard, supporting omnichain versions of Tether’s USDT and XAUT.

• Metaplanet, a Japanese investment firm, plans to raise $880 million via overseas share issuance, allocating $835 million for Bitcoin purchases.

• Bitwise Asset Management filed to launch an ETF tracking Chainlink’s native token.

Most Shorted Stocks

NexGen Energy Ltd (NXE) was one of the most shorted stocks as of the latest short interest figures, with 18.86% 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 11.6. This represents a change of 7710000 shares, which corresponds to a +8.21% increase in short interest. The total value of the shares held short is estimated to be around $742.19 million. The average daily volume stands at 8.55M shares, and the market capitalization of the company is $4.17B.

The Red Cat Holdings Inc with the symbol RCAT currently has a short interest of 20.48%. The short interest has changed by 150000 shares. The days to cover ratio stands at 1.8. The estimated value of the shares held short is approximately $151.56 million. On an average day, 9.83M shares are traded, with the company's market capitalization totaling $905.36M.

For the stock Ocugen Inc (OCGN), the current short interest is at 19.60%. This represents a significant short interest change of -1370000 shares, corresponding to a short interest percentage decrease of -2.44%. The days needed to cover the short positions amount to 9.9. The approximate worth of the shares held short is $58.05 million.

With the symbol NDRA, the stock currently has a short interest of 17.29%. The short interest change is -102700 shares, compared with a short interest percentage change of -44.12%. It would take approximately 0.1 days to cover all the short positions. The shares' short value is estimated to be around $227.8 million. The company boasts an average daily volume of 1.59M shares, contributing to a market capitalization of $3.13M.

The stock VSCO has a current short interest of 16.59%. The short interest percentage has experienced decrease of -5.13% while there was a change of -610000 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 $2.92 million. Trading activity averages at 3.39M shares per day, while the company's market capitalization stands at $1.79B.

AI Stocks to Watch

According to our ST Score evaluation, Twilio Inc (TWLO) emerges as a high-quality stock in the AI industry, attaining an impressive score of 51. The stock's profitability, financial strength, and Piotroski Score are strong. However, its performance is weak. Additionally, it is neutral in terms of growth, stock sentiment, and forecast.

Our ST Score also classifies Autodesk Inc (ADSK) as a high-quality AI stock today, presenting a Score of 51. The stock has strong fundamentals in terms of profitability and Piotroski Score. However, it has weak growth, and financial strength. The performance, stock sentiment, and forecast are neutral.

Another stock in the category, Medtronic Plc (MDT) has the ST Score of 60, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, financial strength, and Piotroski Score but weak in growth. Stock sentiment and forecasts suggest a neutral outlook.

NVIDIA Corp (NVDA) stock has the ST Score of 56, 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. However, it shows a neutral outlook in growth, stock sentiment, and forecast.

RELX Plc ADR (RELX) currently has the ST Score of 51, which signifies a huge upward potential. The AI stock's strong points are its profitability and Piotroski Score, while its weak points are its performance and financial strength. 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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