EV Watch: Explosive $10 Stocks & Market Disruptors

U.S. stocks saw losses mount on Tuesday as President Donald Trump’s tariffs on key trade partners took effect, prompting retaliatory measures and escalating fears of a global trade war and economic instability.

Tuesday’s sharp decline followed the U.S. instituting 25% duties on Canada and Mexico at midnight, while Trump also imposed an additional 10% tariff on Chinese goods.

These tariffs sparked a broad sell-off, with nearly 80% of S&P 500 stocks trading lower, and the small-cap-focused Russell 2000 dropping more than 2%.

With Tuesday’s losses, the S&P 500 now trades below its level from Election Day in November, when voters went to the polls to return Trump to office. Traders will be closely watching Trump’s address to Congress on Tuesday night for any statements regarding the tariffs, which were a central part of his campaign.

As of 11:21 AM ET, the Dow was down -719.95 points, or -1.66689%, at $42471.3. The Nasdaq Composite lost -289.544 points, or -1.41756%, at $20136.04. The S&P 500 declined -99.71 points, or -1.70453%, at $5750. Among the 11 major S&P 500 sectors, 11 showed negative movement, with Financials leading the way with a 2.8% decrease.

Top Movers: Under $10

908 Devices Inc (MASS) is up 93.94% today to trade at the current level of $3.84. This comes after the company reported financial results for the quarter and full year ended December 31, 2024.

Freight Technologies Inc (FRGT) zoomed 42.72% in today’s trade to $1.47 after announcing the launch of its advanced AI Tendering Bot, an innovative solution designed to automate and streamline the load tendering process for shippers and freight brokers.

In current trading, XBP Europe Holdings Inc (XBP) stock is at $1.15 after announcing that it has entered into an exclusive, non-binding letter of intent with Exela Technologies, Inc. to acquire Exela Technologies BPA, LLC.

Cycurion Inc (CYCU) rose 17.73% in the early hours of today's trading to move at $0.71 after announcing the availability of its ARx Platform targeted for the corporate sector.

In the current trading session, Olaplex Holdings Inc (OLPX) jumped 17.96% to $1.63 over a previous close of $1.38 after reporting fourth quarter and fiscal year 2024 results.

Ex-Dividends Stocks

Cigna Group (CI) 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 $1.51 per share. It has fixed March 05 as the record date for the same and will pay the actual dividend on March 20. Last year, the company distributed a total of $5.60 to its shareholders. Based on the last year's worth of payments, CI has a trailing yield of 1.80% on the current stock price of $310.70.

Shares of Kinross Gold Corp (KGC) will be the talk of the stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.03 per share, and in the last 12 months, it paid a total of $0.12 per share. Last year's total dividend payments show that KGC has a trailing yield of 1.11% on the current share price of $10.84.

Lam Research Corp (LRCX) is also set to go ex-dividend tomorrow. The next dividend payment from LRCX will amount to $0.23 per share. March 05 has been designated as the record date for this dividend, with the actual payout scheduled for April 09. In the previous year, LRCX distributed a total of $0.86 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for LRCX stands at 1.14% based on the current stock price of $75.28.

Noble Corp Plc (NE) will be paying out a dividend of $0.5 per share to shareholders holding their shares as of the close of the business hours on the record date of March 05. Over the past 12 months, NE has paid out a total of $1.80 per share in dividends. Based on the total dividends paid out last year, NE boasts an impressive trailing yield of 7.92% on the current share price of $22.72.

Crypto Market Highlights

• Turkish digital bank BankPozitif is launching cryptocurrency custody services in collaboration with Swiss crypto platform Taurus, marking a significant step in Turkey's adoption of digital assets.

• The Bank of Israel has released a preliminary design proposal for the digital shekel (DS), Israel's potential central bank digital currency (CBDC), though there is no official intent for launch yet.

• Over 3 million Solana tokens were unstaked from wallets linked to the defunct FTX exchange and bankrupt Alameda Research, marking the largest SOL unlock since token sales began in November 2023.

• The International Monetary Fund (IMF) is seeking to restrict Bitcoin purchases by El Salvador as part of an extended $1.4 billion funding arrangement with the country.

• Clusterform, a subsidiary of SSV Labs, has proposed a new permissionless staking module for Lido, aiming to increase scalability and decentralization for node operators on the Lido protocol.

Most Shorted Stocks

Auddia Inc (AUUD) was one of the most shorted stocks as of latest short interest figures, with 34.08% 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 0.1. This represents a change of -1300 shares, which corresponds to a -0.48% decrease in short interest. The total value of the shares held short is estimated to be around $67625.0. The average daily volume stands at 2.18M shares, and the market capitalization of the company is $1.42M.

The Hertz Global Holdings Inc with the symbol HTZ currently has a short interest of 32.57%. The short interest has changed by 3960000 shares. The days to cover ratio stands at 9.3. The estimated value of the shares held short is approximately $174.25 million. On an average day, 4.33M shares are traded, with the company's market capitalization totaling $1.20B.

For the stock Eos Energy Enterprises Inc (EOSE), the current short interest is at 30.48%. This represents a significant short interest change of 100000 shares, corresponding to a short interest percentage increase of +0.16%. The days needed to cover the short positions amount to 7.8. The approximate worth of the shares held short is $239.59 million.

With the symbol GRPN, the stock currently has a short interest of 36.84%. The short interest change is 390000 shares, compared with a short interest percentage change of +5.23%. It would take approximately 7.1 days to cover all the short positions. The shares short value is estimated to be around $616.54 million. The company boasts an average daily volume of 1.09M shares, contributing to a market capitalization of $383.92M.

The stock NOVA has a current short interest of 32.36%. The short interest percentage has experienced an increase of +0.21% while there was a change of 80000 shares in short interest. The ratio indicating the time required to cover short positions is 4.0. The calculated worth of the shorted shares amounts to around $3.85 million. Trading activity averages at 11.23M shares per day, while the company's market capitalization stands at $61.38M.

EV Stocks to Watch

According to our ST Score evaluation, Enersys (ENS) emerges as a high-quality stock in the EV industry, attaining an impressive score of 64. The stock's profitability, performance, financial strength, and Piotroski Score are strong. However, its growth is weak. Additionally, it is neutral in terms of stock sentiment, and forecast.

Our ST Score also classifies Cirrus Logic, Inc (CRUS) as a high-quality EV stock today, presenting a Score of 62. The stock has strong fundamentals in terms of profitability, performance, financial strength, and Piotroski Score. However, it has weak growth. The stock sentiment, and forecast are neutral.

Another stock in the category, Teck Resources Ltd (TECK) has the ST Score of 59, which means that the stock carries the potential for higher returns. The stock is strong in profitability and Piotroski Score. Performance, growth, financial strength, stock sentiment, and forecast suggest a neutral outlook.

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

Freeport-McMoRan Inc (FCX) currently has the ST Score of 57, which signifies a huge upward potential. The EV stock's strong points are its profitability, financial strength, and Piotroski Score. The stock's performance, growth, 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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