🔥 What Smart Traders Are Buying Before June Starts

U.S. stocks traded near record highs on Friday as investors looked to close out a strong month for equities. The Nasdaq Composite was little changed, while the S&P 500 and Dow Jones Industrial Average posted modest gains, with all three indexes reaching fresh intraday highs.

Despite renewed geopolitical tensions after reports of Iranian missile launches, oil prices fell, with both WTI and Brent crude declining around 1% following optimism surrounding a potential extension of the U.S.-Iran ceasefire agreement.

For May, the Nasdaq led the major averages with an 8% gain, while the S&P 500 advanced 5% and the Dow added 2%. Markets are also on track to finish the week higher, supported by investor confidence after the U.S. and Iran agreed to a 60-day memorandum of understanding aimed at extending the ceasefire.

Top Movers: Under $10 

DevvStream Corp (DEVS) is up 201.68% today to trade at the current level of $0.38. This comes after the company confirmed its three-party business combination with XCF Global and Southern Energy Renewables remains fully on track, boosting investor confidence in the clean energy platform deal.

Replimune Group Inc (REPL) zoomed 80.43% in today’s trade to $8.44 after announcing planned RP1 BLA resubmission following productive discussion with FDA.

In current trading, Sunlands Technology Group ADR (STG) stock is at $4.55 after announcing a $50 million share repurchase program.

Clearmind Medicine Inc (CMND) rose 40.82% in the early hours of today's trading to move at $3.44 after announcing the publication of a Japanese Patent Application for its proprietary compositions comprising 5-Methoxy-2-aminoindan (MEAI) for the treatment of depression.

In the current trading session, PRF Technologies Ltd (PRFX) jumped 254.74% to $4.86 over a previous close of $1.37. The company updated progress on DeepSolar Predict™, its AI-powered renewable energy optimization platform, ahead of its planned commercial launch.

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Ex-Dividend Stocks

ACNB Corp (ACNB) 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 $0.92 per share. It has fixed June 01 as the record date for the same and will pay the actual dividend on June 15. Last year, the company distributed a total of $1.44 to its shareholders. Based on the last year's worth of payments, ACNB has a trailing yield of 2.64% on the current stock price of $54.51.

Another stock that is shelling out dividends on Monday is Ames National Corp (ATLO), having a market capitalization of $254.64M. It will pay a dividend of $0.24 per share, the payment date of which is June 15. Currently, the stock is trading at a trailing dividend yield of 2.92%.

Shares of Hasbro Inc (HAS) 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 $0.7 per share, and in the last 12 months, it paid a total of $2.80 per share. Last year's total dividend payments show that HAS has a trailing yield of 3.24% on the current share price of $86.38.

Principal Financial Group Inc (PFG) is also set to go ex-dividend on Monday. The next dividend payment from PFG will amount to $0.82 per share. June 01 has been designated as the record date for this dividend, with the actual payout scheduled for June 26. In the previous year, PFG distributed a total of $3.13 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for PFG stands at 3.03% based on the current stock price of $103.32.

Patterson-UTI Energy Inc (PTEN) will be paying out a dividend of $0.1 per share to shareholders holding their shares as of the close of business hours on the record date of June 01. Over the past 12 months, PTEN has paid out a total of $0.34 per share in dividends. Based on the total dividends paid out last year, PTEN boasts an impressive trailing yield of 3.01% on the current share price of $11.3.

Crypto Market Highlights

• Blockchain infrastructure platform and stablecoin issuer Paxos became the first “blockchain-native” company to receive clearing agency registration approval from the U.S. Securities and Exchange Commission.

• Crypto exchange Gemini partnered with SpaceXAI to introduce an AI-powered feature for its prediction markets platform, enabling users to create personalized content feeds.

• Bit Digital purchased $20 million worth of Ether earlier this month, raising its total holdings to approximately 158,462 ETH after acquiring 8,568 ETH on May 11 at an average price of $2,334.25 per token.

• Hardware wallet provider Trezor integrated native stablecoin yield functionality into Trezor Suite, aiming to simplify and secure stablecoin yield earning for users hesitant to engage with decentralized finance.

• BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust, recorded its second-largest daily outflow as US Bitcoin ETFs extended an eight-day redemption streak, with IBIT alone seeing $527.8 million in withdrawals amid Bitcoin’s drop below $75,000.

Most Shorted Stocks

United States Antimony Corp (UAMY) was one of the most shorted stocks as of latest short interest figures, with 21.38% 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 2.1. This represents a change of 2081125 shares, which corresponds to a 7.36% increase in short interest. The total value of the shares held short is estimated to be around $276.19 million. The average daily volume stands at 13.24M shares, and the market capitalization of the company is $1.35B.

The Verastem Inc with the symbol VSTM currently has a short interest of 20.74%. The short interest has changed by 346661 shares. The days to cover ratio stands at 7.0. The estimated value of the shares held short is approximately $76.66 million. On an average day, 2.22M shares are traded, with the company's market capitalization totaling $376.97M.

For the stock Park Hotels & Resorts Inc (PK), the current short interest is at 20.81%. This represents a significant short interest change of 4455173 shares, corresponding to a short interest percentage increase of 12.24%. The days needed to cover the short positions amount to 7.9. The approximate worth of the shares held short is $497.18 million.

With the symbol SPHR, the stock currently has a short interest of 26.68%. The short interest change is 379759 shares, compared with a short interest percentage change of 5.42%. It would take approximately 8.5 days to cover all the short positions. The shares' short value is estimated to be around $5.46 billion. The company boasts an average daily volume of 815.67K shares, contributing to a market capitalization of $4.79B.

The stock OKLO has a current short interest of 24.86%. The short interest percentage has experienced an increase of 22.04%, while there was a change of 6,334,277 shares in short interest. The ratio indicating the time required to cover short positions is 2.6. The calculated worth of the shorted shares amounts to around $2.18 billion. Trading activity averages at 12.01M shares per day, while the company's market capitalization stands at $11.85B.

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Energy Stocks to Watch

According to our ST Score evaluation, Tenaris SA ADR (TS) emerges as a high-quality stock in the Energy industry, attaining an impressive score of 59. The stock's profitability, financial strength, and Piotroski Score are strong. However, its growth is weak. Additionally, it is neutral in terms of performance, stock sentiment, and forecast.

Our ST Score also classifies Dynagas LNG Partners LP (DLNG) as a high-quality Energy stock today, presenting a Score of 58. The stock has strong fundamentals in terms of profitability and Piotroski Score. However, it has weak growth. The performance, financial strength, stock sentiment, and forecast are neutral.

Another stock in the category, PrimeEnergy Resources Corp (PNRG) has the ST Score of 58, which means that the stock carries the potential for higher returns. The stock is strong in profitability, financial strength, and the Piotroski Score. Performance, growth, stock sentiment, and forecast suggest a neutral outlook.

First Solar Inc (FSLR) stock has the ST Score of 58, which implies that the Energy company has a high probability of beating the market. The stock's strengths lie in its profitability, financial strength, and Piotroski Score, but its weaknesses are in its growth. However, it shows a neutral outlook in performance, stock sentiment, and forecast.

Delek Logistics Partners LP (DKL) currently has the ST Score of 59, which signifies a huge upward potential. The Energy stock's strong points are its performance, growth, and Piotroski Score. The stock's profitability, 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

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