Dear Readers,

The Dow Jones Industrial Average declined for a second consecutive day on Tuesday, signaling a slowdown in the recent Wall Street surge.

GitLab saw a 13% increase after surpassing financial expectations for the quarter and providing robust guidance for the current quarter. Meanwhile, Nio, the Chinese electric vehicle manufacturer, rose over 4% following a report of reduced losses in the third quarter.

Stocks rebounded slightly from their lowest points on Tuesday, driven by a decline in Treasury yields that particularly boosted the tech sector. This shift was prompted by a decrease in job openings, indicating a cooling trend in the labor market.

The Russell 2000 dropped on Tuesday, retracting some gains made after a 1% climb on Monday. Despite this, the small-cap index has surged nearly 7% in the past month, fueling optimism for a wider market rally and speculation about potential interest rate cuts from the Federal Reserve.

As of 11:40 AM ET, the Dow was down -106.9023 points, or -0.2953%, at $36097.54. The Nasdaq Composite added 26.0654 points, or 0.1646%, at $15865.734. The S&P 500 declined -0.3198 points, or -0.007%, at $4569.46. Among the 11 major S&P 500 sectors, 6 showed negative movement, with Industrials leading the way with a -0.56% decrease.

Top Movers: Under $10

Clearmind Medicine Inc (CMND) is up 52.74% today to trade at the current level of $5.85. This comes after the company announced achievement of positive results in addiction treatment for its revolutionary treatment targeting cocaine addiction.

Sphere 3D Corp (ANY) zoomed 26.17% in today’s trade to $1.35. The company provided November 2023 production and operation updates.

In current trading, Allarity Therapeutics Inc (ALLR) stock is at $0.71 after announcing encouraging initial results from its ongoing Phase 2 clinical trial evaluating the efficacy of its PARP inhibitor, stenoparib, in women with advanced ovarian cancer (AOC).

Petros Pharmaceuticals Inc (PTPI) rose 10.58% in the early hours of today's trading to move at $1.51 after announcing its partnership with Idea Evolver (IE), a Technology platform for Rx-to-OTC switches and digital pharmaceutical launch solutions.

In the current trading session, Smith Micro Software, Inc. (SMSI) jumped 8.22% to $0.79 over a previous close of $0.73 after declaring that it has signed a multi-year agreement to provide its flagship SafePath® Digital Family Lifestyle™ solution to a major Tier 1 mobile network operator (MNO) in Europe.

Ex-Dividends Stocks

Mosaic Company (MOS) 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 $0.2 per share. The company has fixed December 07 as the record date for the same and will pay the actual dividend on December 21. Last year, the company distributed a total of $0.89 to its shareholders. Based on the last year's worth of payments, MOS has a trailing yield of 2.51% on the current stock price of $35.30.

Another stock that is shelling out dividends tomorrow is Kimco Realty Corporation (KIM), having a market capitalization of $12.77B. It will pay a dividend of $0.33 per share, the payment date of which is December 21. Currently, the stock is trading at a trailing dividend yield of 4.80%.

Shares of Halliburton Co. (HAL) will be the talk of stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.16 per share, and in the last 12 months, the company paid a total of $0.64 per share. Last year's total dividend payments show that HAL has a trailing yield of 1.74% on the current share price of $36.78.

Blackrock Inc. (BLK) is also set to go ex-dividend tomorrow. The next dividend payment from BLK will amount to $5 per share. December 07 has been designated as the record date for this dividend, with the actual payout scheduled for December 22. In the previous year, BLK distributed a total of $20.02 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for BLK stands at 2.67% based on the current stock price of $750.46.

American Assets Trust Inc (AAT) will be paying out a dividend of $0.33 per share to shareholders holding their shares as of the close of the business hours on the record date of December 07. Over the past 12 months, AAT has paid out a total of $1.44 per share in dividends. Based on the total dividends paid out last year, AAT boasts an impressive trailing yield of 6.83% on the current share price of $21.14.

Crypto Market Highlights

Most Shorted Stocks

Luminar Technologies Inc (LAZR) was one of the most shorted stocks as of latest short interest figures, with 18.95% 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 14.4. This represents a change of 10020000 shares, which corresponds to a +15.15% increase in short interest. The total value of the shares held short is estimated to be around $193.5 million. The average daily volume stands at 5.57M shares, and the market capitalization of the company is $1.02B.

The Arbor Realty Trust Inc. with the symbol ABR currently has a short interest of 28.76%. The short interest has changed by 7420000 shares. The days to cover ratio stands at 13.8. The estimated value of the shares held short is approximately $751.35 million. On an average day, 4.22M shares are traded, with the company's market capitalization totaling $2.61B.

For the stock Lovesac Company (LOVE), the current short interest is at 29.56%. This represents a significant short interest change of 40000 shares, corresponding to a short interest percentage increase of 1.01%. The days needed to cover the short positions amount to 11.4. The approximate worth of the shares held short is $88.12 million.

With the symbol BMEA, the stock currently has a short interest of 29.46%. The short interest change is 600000 shares, compared with a short interest percentage change of +7.40%. It would take approximately 19.5 days to cover all the short positions. The shares short value is estimated to be around $$172.46 million. The company boasts an average daily volume of 674.63K shares, contributing to a market capitalization of $707.06M.

The stock BLNK has a current short interest of 26.32%. The short interest percentage has experienced decrease of -4.73% while there was a change of -880000 shares in short interest. The ratio indicating the time required to cover short positions is 6.4. Trading activity averages at 2.95M shares per day, while the company's market capitalization stands at $217.06M.

EV Stocks to Watch

According to our ST Score evaluation, ST Microelectronics (STM) emerges as a high-quality stock in the EV industry, attaining an impressive score of 68.0. The stock's valuation, profitability, performance, and stock sentiment are strong. Additionally, it is neutral in terms of growth, financial strength, Piotroski Score, and forecast.

Our ST Score also classifies Li Auto Inc ADR (LI) as a high-quality EV stock today, presenting a Score of 68.0. The stock has strong fundamentals in terms of profitability, performance, growth, financial strength, stock sentiment, and Piotroski Score. However, it has weak value. The forecast are neutral.

Another stock in the category, General Motors Company (GM) has the ST Score of 64.0, which means that the stock carries the potential for higher returns. The stock is strong in valuation, profitability, performance, stock sentiment, and Piotroski Score but weak in growth, and financial strength. Forecast suggest a neutral outlook.

Enersys (ENS) stock has the ST Score of 58.0 which implies that the EV company has a high probability of beating the market. The stock's strengths lie in its profitability, stock sentiment, and Piotroski Score, but its weaknesses are in its financial strength. However, it shows neutral outlook in value, performance, growth, and forecast.

Toyota Motor Corporation ADR (TM) currently has the ST Score of 59.0, which signifies a huge upward potential. The EV stock's strong points are its profitability, performance, stock sentiment, and Piotroski Score, while its weak points are its growth, and financial strength. The stock's value, and forecast indicate a neutral outlook.