EV Radar: Breakout Stocks & Hidden $10 Gems

Stocks slipped Tuesday as investors awaited the Federal Reserve’s policy decision and watched for signs of progress in global trade deals.

As of 11:21 AM ET, the Dow was down -176.59 points, or -0.4284%, at $41,042.24. The Nasdaq Composite lost -154.3 points, or -0.77%, at $19,813.64. The S&P 500 declined -26.3 points, or -0.47%, at $5624.08. Among the 11 major S&P 500 sectors, 9 showed positive movement, with Utilities leading the way with a 3.3% increase.  

Trump is scheduled for meetings with Canadian Prime Minister Mark Carney on Tuesday, marking the start of negotiations between the two leaders since since Carney assumed office earlier this year.

Nonetheless, official trade deals between the U.S. and its trading partners have yet been announced. And while data issued on Monday from the Institute for Supply Management showed stronger-than-anticipated service sector activity in April, concerns around tariffs persisted.

Top Movers: Under $10 

FOXO Technologies Inc (FOXO) is up 187.69% today to trade at the current level of $1.83. This comes after its subsidiary, Myrtle Recovery Centers, Inc., has reached key patient care milestones.

Pasithea Therapeutics Corp (KTTA) zoomed 123.24% in today’s trade to $3.17. This rally can be attributed to news of positive interim data from its ongoing trial.

In current trading, Diversified Healthcare Trust (DHC) stock is at $3.05 following news that the company has announced its Q1 2025 result.

EVgo Inc (EVGO) rose 36.45% in the early hours of today's trading to move at $3.78. The strong performance of EVGO stock came as investors were encouraged by its record First Quarter 2025 results.

In the current trading session, ThredUp Inc (TDUP) jumped 36.26% to $6.05 over a previous close of $4.44 as the company released its earnings report.

Ex-Dividends Stocks

Firstenergy Corp (FE) 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 $0.45 per share. It has fixed May 07 as the record date for the same and will pay the actual dividend on June 01. Last year, the company distributed a total of $1.70 to its shareholders. Based on the last year's worth of payments, FE has a trailing yield of 3.93% on the current stock price of $43.29.

Another stock that is shelling out dividends tomorrow is Heritage Financial Corp (HFWA), having a market capitalization of $797.08M. It will pay a dividend of $0.24 per share, the payment date of which is May 21. Currently, the stock is trading at a trailing dividend yield of 3.97%.

Shares of Univest Financial Corp (UVSP) will be the talk of stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.22 per share, and in the last 12 months, it paid a total of $0.84 per share. Last year's total dividend payments show that UVSP has a trailing yield of 2.76% on the current share price of $30.41.

Waste Connections Inc (WCN) is also set to go ex-dividend tomorrow. The next dividend payment from WCN will amount to $0.32 per share. May 07 has been designated as the record date for this dividend, with the actual payout scheduled for May 22. In the previous year, WCN distributed a total of $1.20 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for WCN stands at 0.61% based on the current stock price of $198.34.

Colony Bankcorp, Inc (CBAN) will be paying out a dividend of $0.12 per share to shareholders holding their shares as of the close of the business hours on the record date of May 07, 2025. Over the past 12 months, CBAN has paid out a total of $0.45 per share in dividends. Based on the total dividends paid out last year, CBAN boasts an impressive trailing yield of 2.89% on the current share price of $15.68.

Crypto Market Highlights

• Grab has partnered with Natix, a Solana DePIN project, to merge Grab’s crowdsourced mapping with Natix’s decentralized data input model that rewards users, supporting advancements in mapping and autonomous driving. 

• DoubleZero CEO Austin Federa stated that while blockchain infrastructure is ready for institutional use, legal concerns are slowing its full adoption by large firms. 

• Citi and Switzerland’s SIX Digital Exchange (SDX) are collaborating to tokenize late-stage private shares, aiming to improve efficiency and access in traditional private markets. 

• The US Internal Revenue Service appointed veteran official Trish Turner to lead its digital assets division after the departure of two key crypto-focused executives. 

• OKX MENA CEO Rifad Mahasneh emphasized that real-world utility should be prioritized over hype in RWA tokenization projects as interest in Web3 continues to grow. 

Most Shorted Stocks

Wheels Up Experience Inc (UP) was one of the most shorted stocks as of latest short interest figures, with 4.93% 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 21.6. This represents a change of 950,000 shares, which corresponds to a +6.00% increase in short interest. The total value of the shares held short is estimated to be around $18.3 million. The average daily volume stands at 774.69K shares, and the market capitalization of the company is $758.28M.

The Clear Channel Outdoor Holdings Inc with the symbol CCO currently has a short interest of 10.51%. The short interest has changed by 260,000 shares. The days to cover ratio stands at 19.8. The estimated value of the shares held short is approximately $38.58 million. On an average day, 1.94M shares are traded, with the company's market capitalization totaling $529.00M.

For the stock Icahn Enterprises L P (IEP), the current short interest is at 22.82%. This represents a significant short interest change of -1,070,000 shares, corresponding to a short interest percentage decrease of -8.71%. The days needed to cover the short positions amount to 16.8. The approximate worth of the shares held short is $98.85 million.

EV stocks to Watch

According to our ST Score evaluation, Cirrus Logic, Inc (CRUS) emerges as a high-quality stock in the EV industry, attaining an impressive score of 61. The stock's profitability, performance, financial strength, and Piotroski Score are strong. However, its growth are weak. Additionally, it is neutral in terms of stock sentiment, and forecast.

Our ST Score also classifies Li Auto Inc ADR (LI) as a high-quality EV stock today, presenting a Score of 58. The stock has strong fundamentals in terms of profitability, performance, financial strength, and Piotroski Score. The growth, stock sentiment, and forecast are neutral.

Another stock in the category, BorgWarner Inc (BWA) has the ST Score of 55, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, and Piotroski Score but weak in financial strength. Growth, stock sentiment, and forecast suggest a neutral outlook.

Aptiv PLC (APTV) stock has the ST Score of 54 which implies that the EV 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 financial strength. However, it shows neutral outlook in performance, growth, stock sentiment, and forecast.

Enersys (ENS) currently has the ST Score of 54, which signifies a huge upward potential. The EV stock's strong points are its profitability, performance, and Piotroski Score, while its weak points are its growth. The stock's 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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