EV Frenzy: Midday Gainers & Bargain $10 Rockets

The S&P 500 edged higher on Tuesday, continuing its recent gains, as Wall Street waits for any developments in trade deal negotiations.

Stocks faced some pressure early in the session after Treasury Secretary Scott Bessent failed to provide additional details on progress in trade talks. Bessent mentioned significant discussions with Japan and reiterated that a deal framework with India could be close. However, he offered no updates on China and did not confirm whether talks were ongoing with the country.

Shares of Amazon dropped on Tuesday after White House press secretary Karoline Leavitt, standing alongside Bessent, stated that if reports were accurate about Amazon listing tariff costs on its website, it would be considered a "hostile and political act."

As of 11:27 AM ET, the Dow was up 227.37 points, or 0.5652%, at $40,454.96. The Nasdaq Composite added 28.3 points, or 0.15%, at $19,455.59. The S&P 500 rose 10.82 points, or 0.2%, at $5,539.57. Among the 11 major S&P 500 sectors, 11 showed positive movement, with Consumer Defensive leading the way with a 1.19% increase.

Top Movers: Under $10 

WW International Inc (WW) is up 83.82% today to trade at the current level of $0.76. This comes after announcing a pharmacy integration with Eli Lilly.

LifeMD Inc (LFMD) zoomed 19.66% in today’s trade to $7.30. This rally can be attributed to the company’s plans to expand affordable access to Wegovy for Cash-Pay patient.

In current trading, Ohmyhome Ltd (OMH) stock is at $2.93 with an increase of 44.37% after reporting 118% revenue growth for Fiscal Year 2024.

Above Food Ingredients Inc (ABVE) rose 26.43% in the early hours of today's trading to move at $1.14. The strong performance of ABVE stock came as investors were encouraged by the filing of its financial results for the six-month period ended July 31, 2024.

In the current trading session, Clarivate Plc (CLVT) jumped 16.02% to $4.16 over a previous close of $3.59 after reporting surpassing earnings and revenues for Q1 2025.

Ex-Dividends Stocks

AGNC Investment Corp (AGNC) 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 $0.12 per share. It has fixed April 30 as the record date for the same and will pay the actual dividend on May 09. Last year, the company distributed a total of $1.44 to its shareholders. Based on the last year's worth of payments, AGNC has a trailing yield of 15.89% on the current stock price of $9.06.

Another stock that is shelling out dividends tomorrow is MetroCity Bankshares Inc (MCBS), having a market capitalization of $707.47M. It will pay a dividend of $0.23 per share, the payment date of which is May 09. Currently, the stock is trading at a trailing dividend yield of 3.09%.

Shares of Alliant Energy Corp (LNT) will turn ex-dividend on Wednesday. The company's next dividend payment will be $0.51 per share, and in the last 12 months, it paid a total of $1.95 per share. Last year's total dividend payments show that LNT has a trailing yield of 3.17% on the current share price of $61.37.

Cal-Maine Foods, Inc (CALM) is also set to go ex-dividend tomorrow. The next dividend payment from CALM will amount to $3.46 per share. April 30 has been designated as the record date for this dividend, with the actual payout scheduled for May 15. In the previous year, CALM distributed a total of $4.28 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for CALM stands at 4.47% based on the current stock price of $95.71.

Northern Technologies International Corp (NTIC) will be paying out a dividend of $0.01 per share to shareholders holding their shares as of the close of the business hours on the record date of April 30. Over the past 12 months, NTIC has paid out a total of $0.28 per share in dividends. Based on the total dividends paid out last year, NTIC boasts an impressive trailing yield of 3.81% on the current share price of $7.35.

Crypto Market Highlights

• Phoenix Group added 52 megawatts to its Ethiopian Bitcoin mining operations, increasing its total capacity there to 132 megawatts, with over 500 megawatts globally.

• Beijing has launched a two-year plan to enhance blockchain development and adoption in key industries.

• The US rejected the idea of a CBDC following Trump's election, but global CBDC progress continues with uncertain success.

• Miden, a zk-powered blockchain from Polygon Labs, raised $25 million led by a16z to support edge execution and institutional adoption 

• Circle received in-principle approval from Abu Dhabi regulators, bringing it closer to launching regulated stablecoin services and expanding USDC adoption.

  Most Shorted Stocks

Pfizer Inc (PFE) was one of the most shorted stocks as of latest short interest figures, with 1.90% 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 9,940,000 shares, which corresponds to a +10.20% increase in short interest. The total value of the shares held short is estimated to be around $2.57 billion. The average daily volume stands at 51.10M shares, and the market capitalization of the company is $135.58B.

The Beacon Roofing Supply Inc with the symbol BECN currently has a short interest of 2.81%. The short interest has changed by 660,000 shares. The days to cover ratio stands at 0.7. The estimated value of the shares held short is approximately $213.57 million. On an average day, 2.48M shares are traded, with the company's market capitalization totaling $7.67B.

For the stock Dun & Bradstreet Holdings Inc (DNB), the current short interest is at 6.64%. This represents a significant short interest change of 1,610,000 shares, corresponding to a short interest percentage increase of +8.39%. The days needed to cover the short positions amount to 1.8. The approximate worth of the shares held short is $185.74 million.

With the symbol F, the stock currently has a short interest of 4.13%. The short interest change is -29,590,000 shares, compared with a short interest percentage change of -15.57%. It would take approximately 1.3 days to cover all the short positions. The shares short value is estimated to be around $210.08 million. The company boasts an average daily volume of 125.99M shares, contributing to a market capitalization of $40.14B.

The stock ABEO has a current short interest of 6.40%. The short interest percentage has experienced an increase of +24.89% while there was a change of 550,000 shares in short interest. The ratio indicating the time required to cover short positions is 5.0. The calculated worth of the shorted shares amounts to around $828.18 million. Trading activity averages at 594.44K shares per day, while the company's market capitalization stands at $251.56M.

EV Stocks to Watch

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

Our ST Score also classifies Toyota Motor Corporation ADR (TM) as a high-quality EV stock today, presenting a Score of 51. The stock has strong fundamentals in terms of profitability, performance, and Piotroski Score. However, it has weak growth, and financial strength. The stock sentiment, and forecast are neutral.

Another stock in the category, NXP Semiconductors NV (NXPI) has the ST Score of 48, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, and Piotroski Score but weak in growth, and financial strength. Stock sentiment, and forecast suggest a neutral outlook.

Skyworks Solutions, Inc (SWKS) stock has the ST Score of 48 which implies that the EV 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 performance, and growth. However, it shows a neutral outlook in stock sentiment, and forecast.

Albemarle Corp (ALB) currently has the ST Score of 47, which signifies a huge upward potential. The EV stock's strong points are its growth, and Piotroski Score, while its weak points are its profitability, performance, stock sentiment, and forecast. The stock's financial strength indicates a neutral outlook.

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

Best Regards,

Stocks Telegraph Team

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