Wall Street Is Watching These New Debuts – Should You Jump In?

Stocks bounced back Monday as investors recovered from last week’s sharp losses, which were driven by economic worries and newly announced tariffs from the Trump administration. The rebound comes after a turbulent Friday session sparked by disappointing jobs data.

As of 11:20 AM ET, the Dow was up 485.53 points, or 1.11%, at $44074.12. The Nasdaq Composite added 334.32 points, or 1.47%, at $23097.63. The S&P 500 rose 74.39 points, or 1.19%, at $6312.4. Among the 11 major S&P 500 sectors, 8 showed positive movement, with Utilities leading the way with a 1.88% increase.

Friday’s market selloff followed a weaker-than-expected jobs report that included downward revisions to May and June employment numbers. In response, President Trump fired the head of the Bureau of Labor Statistics and announced plans to name a new commissioner soon.

Market nerves were further rattled by Trump’s executive order introducing modified “reciprocal” tariffs on dozens of U.S. trading partners, with new rates ranging from 10% to 41%. Meanwhile, investors are watching for earnings reports this week, with Palantir reporting Monday after the bell and AMD on deck for Tuesday.

Top Movers: Under $10 

BT Brands Inc (BTBD) is up 204.88% today to trade at the current level of $5.0. This comes after the company announced it’s working with a top investment bank to explore strategic options, including a possible merger.

CASI Pharmaceuticals Inc (CASI) zoomed 43.80% in today’s trade to $1.86 after announcing FDA clearance of an IND application for CID-103, an anti-CD38 monoclonal antibody in adults with active and chronic active renal allograft antibody mediated rejection (AMR).

In current trading, GreenPower Motor Company Inc (GP) stock is at $0.5 after announcing that it has signed a contract with the state of New Mexico to implement an all-electric school bus pilot project.

Blade Air Mobility Inc (BLDE) rose 27.25% in the early hours of today's trading to move at $4.81. The company announced an agreement to sell Blade’s passenger division to Joby Aviation, Inc. (JOBY) for up to $125 million.

In the current trading session, AtlasClear Holdings Inc (ATCH) jumped 22.95% to $0.2 over a previous close of $0.16 after announcing a $500,000 debenture investment from Sixth Borough Capital LP, which is led by the CEO of Dawson James, Robert D. Keyser, Jr.

Ex-Dividend Stocks

Amalgamated Financial Corp (AMAL) 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 $0.14 per share. It has fixed August 05 as the record date for the same and will pay the actual dividend on August 21. Last year, the company distributed a total of $0.52 to its shareholders. Based on last year's worth of payments, AMAL has a trailing yield of 1.82% on the current stock price of $28.69.

Another stock that is shelling out dividends tomorrow is Banner Corp (BANR), having a market capitalization of $2.11B. It will pay a dividend of $0.48 per share, the payment date of which is August 15. Currently, the stock is trading at a trailing dividend yield of 3.14%.

Shares of HBT Financial Inc (HBT) will be the talk of the stock market on Tuesday 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 HBT has a trailing yield of 3.33% on the current share price of $24.03.

1st Source Corp (SRCE) is also set to go ex-dividend tomorrow. The next dividend payment from SRCE will amount to $0.38 per share. August 05 has been designated as the record date for this dividend, with the actual payout scheduled for August 15. In the previous year, SRCE distributed a total of $1.46 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for SRCE stands at 2.48% based on the current stock price of $59.32.

Trimas Corporation (TRS) will be paying out a dividend of $0.04 per share to shareholders holding their shares as of the close of the business hours on the record date of August 05. Over the past 12 months, TRS has paid out a total of $0.16 per share in dividends. Based on the total dividends paid out last year, TRS boasts an impressive trailing yield of 0.46% on the current share price of $35.22.

Crypto Market Highlights

• Nexus Mutual reimbursed approximately $250,000 to users affected by the recent Arcadia Finance hack.

• Rassemblement National (RN) is advocating for Bitcoin mining using surplus nuclear energy, marking a notable policy shift.

• Metaplanet purchased 463 Bitcoin for $53.7 million, becoming the first public company to take advantage of a 5% weekend price dip.

• Cardano’s core development team received approval to be paid 96 million ADA from the treasury for upcoming network upgrades.

• Justin Sun, founder of Tron, safely returned from a Blue Origin spaceflight (NS-34) with five other crew members.

Most Shorted Stocks

22nd Century Group Inc (XXII) was one of the most shorted stocks as of the latest short interest figures, with 46.11% 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 0.3. This represents a change of 90300 shares, which corresponds to a +95.86% increase in short interest. The total value of the shares held short is estimated to be around $0.46 million. The average daily volume stands at 877.79K shares, and the market capitalization of the company is $1.24M.

The Kohl's Corp with the symbol KSS currently has a short interest of 46.33%. The short interest has changed by -3200000 shares. The days to cover ratio stands at 3.9. The estimated value of the shares held short is approximately $534.46 million. On an average day, 13.00M shares are traded, with the company's market capitalization totaling $1.20B.

For the stock Sonnet BioTherapeutics Holdings Inc (SONN), the current short interest is at 18.42%. This represents a significant short interest change of 1098800 shares, corresponding to a short interest percentage increase of +2,666.99%. The days needed to cover the short positions amount to 0.3. The approximate worth of the shares held short is $3.2 million.

With the symbol WKHS, the stock currently has a short interest of 31.18%. The short interest change is 2734900 shares, compared with a short interest percentage change of +1,333.45%. It would take approximately 0.9 days to cover all the short positions. The shares' short value is estimated to be around $1.88 million. The company boasts an average daily volume of 3.27M shares, contributing to a market capitalization of $15.63M.

The stock CVM has a current short interest of 22.85%. The short interest percentage has experienced an increase of +295.48% while there was a change of 1150600 shares in short interest. The ratio indicating the time required to cover short positions is 2.1. The calculated worth of the shorted shares amounts to around $27.78 million. Trading activity averages at 815.60K shares per day, while the company's market capitalization stands at $64.46M.

Upcoming IPOs

CTW Cayman (CTW) will be entering the market with its IPO on August 05, on the NASDAQ exchange. They are offering shares in the price range of $5.00 to $6.00. They plan to offer 3,000,000 shares, targeting a deal size of $16.50M.

Firefly Aerospace Inc. (FLY) is also scheduled to make its debut on the NASDAQ exchange on August 07. They are offering shares in the price range of $35.00 to $39.00. The IPO includes 16,200,000 shares, aiming for a deal size of $599.40M.

Quantumsphere Acquisition Corporation (QUMS) is set to join the NASDAQ on August 07. The shares will be offered at a fixed price of $10.00 per share. They are offering 6,000,000 shares, with an estimated deal size of $60.00M.

WhiteFiber, Inc. (WYFI) is all set for its debut on the NASDAQ exchange on August 07. They are offering shares in the price range of $15.00 to $17.00. With a total of 7,812,500 shares available, the company aims to raise approximately $125.00M through this IPO.

Heartflow, Inc. (HTFL) is preparing to launch its IPO on the NASDAQ exchange on August 08. The company will offer shares priced between $15.00 and $17.00. A total of 12,500,000 shares will be made available, with the offering expected to raise $200.00M.

That's it for today. Thanks for reading. Good luck out there!

Best Regards,

Stocks Telegraph Team

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