Energy Radar: Breakout Stocks & Hidden $10 Gems

Stocks climbed on Friday as investors reacted positively to April’s stronger-than-expected nonfarm payroll numbers. The upbeat labor data helped ease concerns about a possible recession and pushed the S&P 500 toward its longest stretch of gains in more than 20 years.<p>

As of 11:17 AM ET, the Dow was up 432.34 points, or 1.0609%, at $41,185.3. The Nasdaq Composite added 284.29 points, or 1.44%, at $20,071.0. The S&P 500 rose 68.95 points, or 1.23%, at $5,673.09. Among the 11 major S&P 500 sectors, 7 showed positive movement, with Communication Services leading the way with a 1.6% increase.

Despite ongoing concerns that tariffs on imported goods, proposed under Trump’s administration, could increase costs for both consumers and businesses, potentially slowing the economy, investors found relief in the possibility that these measures could be eased. Optimism grew as markets bet on future trade deals that might lead to a rollback of some tariffs.

Investor sentiment was already buoyant ahead of the jobs report, especially after China announced it’s open to exploring new trade talks with the U.S. However, Chinese officials also stressed that progress depends on the U.S. reversing its unilateral tariff decisions. In a statement, they emphasized, “If the U.S. wants meaningful dialogue, it must act in good faith and undo its harmful tariff actions. 

Adding to the market’s momentum, investors also digested earnings results from two members of the “Magnificent Seven.” On Thursday evening, tech giants Amazon and Apple released their quarterly financials, drawing significant attention from Wall Street.

Top Movers: Under $10 

Adaptive Biotechnologies Corp (ADPT) is up 33.83% today to trade at the current level of $9.85. This comes after the release of its first-quarter fiscal 2025 financial results, which exceeded revenue expectations.

ReShape Lifesciences Inc (RSLS) zoomed 16.76% in today’s trade to $0.40. This rally can be attributed to news that the company presents pre-clinical findings on its proprietary neuromodulation device for diabetes.

In current trading, Airsculpt Technologies Inc (AIRS) stock is at $2.77 after disclosing its Q1 FY2025 performance along with full-year financial guidance.

United States Antimony Corp (UAMY) rose 8.39% in the early hours of today's trading to move at $3.49. The strong performance of UAMY stock came as investors were encouraged by the announcement of its participation in two upcoming industry conferences, shortly after unveiling new expansion initiatives.

In the current trading session, Adial Pharmaceuticals Inc (ADIL) jumped 29.26% to $1.01 over a previous close of $0.78 as the company strengthens its intellectual property portfolio with a newly granted U.S. patent for its lead drug candidate.

Ex-Dividends Stocks

Oneok Inc (OKE) 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 $1.03 per share. It has fixed May 05 as the record date for the same and will pay the actual dividend on May 15. Last year, the company distributed a total of $2.97 to its shareholders. Based on the last year's worth of payments, OKE has a trailing yield of 3.65% on the current stock price of $82.43.

Another stock that is shelling out dividends on Monday is Nokia Corp ADR (NOK), having a market capitalization of $26.23B. It will pay a dividend of $0.04 per share, the payment date of which is May 15. Currently, the stock is trading at a trailing dividend yield of 2.78%.

Shares of Pinnacle West Capital Corp (PNW) will be the talk of stock market on Monday as the stock will turn ex-dividend. The company's next dividend payment will be $0.9 per share, and in the last 12 months, it paid a total of $2.67 per share. Last year's total dividend payments show that PNW has a trailing yield of 2.84% on the current share price of $94.38.

Eaton Corporation plc (ETN) is also set to go ex-dividend on Monday. The next dividend payment from ETN will amount to $1.04 per share. May 05 has been designated as the record date for this dividend, with the actual payout scheduled for May 23. In the previous year, ETN distributed a total of $3.86 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for ETN stands at 1.32% based on the current stock price of $291.81.

Pacific Premier Bancorp, Inc (PPBI) 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 May 05. Over the past 12 months, PPBI has paid out a total of $1.32 per share in dividends. Based on the total dividends paid out last year, PPBI boasts an impressive trailing yield of 6.27% on the current share price of $21.34.

Crypto Market Highlights

• Movement Labs suspended co-founder Rushi Manche after a controversial market maker deal led to a third-party investigation and Coinbase delisting the MOVE token.

• Blockchain technology is expanding beyond digital currencies and NFTs into areas like digital identity verification and telecommunications, challenging AI and space connectivity monopolies.

• The European Union will ban anonymous crypto accounts and privacy coins starting in 2027 under new Anti-Money Laundering regulations.

• The UK’s Financial Conduct Authority plans to prohibit retail investors from using borrowed funds, including credit cards, to buy cryptocurrencies.

• KuCoin may reenter the South Korean market, with CEO BC Wong suggesting some regulators use policy to favor domestic platforms over global players.

Most Shorted Stocks

Citizens, Inc (CIA) was one of the most shorted stocks as of latest short interest figures, with 10.99% 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 42.0. This represents a change of 190,000 shares, which corresponds to a +4.05% increase in short interest. The total value of the shares held short is estimated to be around $20.59 million. The average daily volume stands at 114.53K shares, and the market capitalization of the company is $210.86M.

The Wrap Technologies Inc with the symbol WRAP currently has a short interest of 16.11%. The short interest has changed by -170,000 shares. The days to cover ratio stands at 33.9. The estimated value of the shares held short is approximately $8.31 million. On an average day, 154.04K shares are traded, with the company's market capitalization totaling $78.87M.

For the stock Canadian Imperial Bank Of Commerce (CM), the current short interest is at 2.38%. This represents a significant short interest change of -17,300,000 shares, corresponding to a short interest percentage decrease of -44.95%. The days needed to cover the short positions amount to 18.8. The approximate worth of the shares held short is $1.35 billion.

With the symbol ROIV, the stock currently has a short interest of 11.68%. The short interest change is 6,130,000 shares, compared with a short interest percentage change of +13.59%. It would take approximately 8.5 days to cover all the short positions. The shares short value is estimated to be around $246.86 million. The company boasts an average daily volume of 6.47M shares, contributing to a market capitalization of $8.32B.

The stock BE has a current short interest of 22.18%. The short interest percentage has experienced an increase of +2.60% while there was a change of 1,240,000 shares in short interest. The ratio indicating the time required to cover short positions is 7.0. The calculated worth of the shorted shares amounts to around $860.66 million. Trading activity averages at 6.49M shares per day, while the company's market capitalization stands at $3.90B.

Energy Stocks to Watch

According to our ST Score evaluation, Schlumberger Ltd (SLB) emerges as a high-quality stock in the Energy industry, attaining an impressive score of 53. The stock's profitability, and Piotroski Score are strong. However, its performance, growth, and financial strength are weak. Additionally, it is neutral in terms of stock sentiment, and forecast.

Our ST Score also classifies Cenovus Energy Inc (CVE) as a high-quality Energy stock today, presenting a Score of 52. The stock has strong fundamentals in terms of growth, and Piotroski Score. However, it has weak performance. The profitability, financial strength, stock sentiment, and forecast are neutral.

Another stock in the category, Permian Resources Corp (PR) has the ST Score of 56, which means that the stock carries the potential for higher returns. The stock is strong in profitability, and Piotroski Score but weak in growth, and financial strength. Performance, stock sentiment, and forecast suggest a neutral outlook.

Borr Drilling Ltd (BORR) stock has the ST Score of 50 which implies that the Energy company has a high probability of beating the market. The stock's strengths lie in its profitability, and Piotroski Score, but its weaknesses are in its performance, and financial strength. However, it shows a neutral outlook in growth, stock sentiment, and forecast.

Phillips 66 (PSX) currently has the ST Score of 52, which signifies a huge upward potential. The Energy stock's strong points are its profitability, and Piotroski Score, while its weak points are its performance. The stock's growth, 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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