Investor’s Radar: AI Stocks Gaining Momentum & $10 Winners

The S&P 500 rose on Friday after the latest personal consumption expenditures (PCE) price index came in line with expectations, as Wall Street closed out a losing week and month.

As of 11:30 AM ET, the Dow was up 127.43 points, or 0.29471%, at $43366.93. The Nasdaq Composite added 37.19 points, or 0.18096%, at $20588.143. The S&P 500 rose 12.5 points, or 0.21325%, at $5874.07. Among the 11 major S&P 500 sectors, 7 showed positive movement, with Consumer Cyclical leading the way with a 1.03% increase.

The latest PCE reading showed that inflation eased slightly in January, according to a report from the Commerce Department. The PCE price index, the Federal Reserve's preferred inflation gauge, increased by 0.3% for the month and 2.5% year-over-year.

Core PCE, which excludes volatile food and energy prices, also rose 0.3% month-to-month and 2.6% year-over-year. All numbers came in as expected according to Dow Jones consensus estimates.

Top Movers: Under $10

Organogenesis Holdings Inc (ORGO) is up 59.93% today to trade at the current level of $4.91. This comes after the company reported fourth-quarter 2024 financial results.

BioXcel Therapeutics Inc (BTAI) zoomed 35.89% in today’s trade to $2.35. This rally can be attributed to news that it has received notice from Nasdaq that it has regained compliance with the minimum closing bid price requirement.

In current trading, Nuvve Holding Corp (NVVE) stock is at $3.05 after announcing that it was awarded a $400 million contract by the State of New Mexico to provide a turnkey electrification solution supporting the state’s zero-emission vehicle and renewable energy goals over the next 4 years.

Owens & Minor, Inc (OMI) rose 30.72% in the early hours of today's trading to move at $9.01. The company reported financial results for the fourth quarter and year ended December 31, 2024.

In the current trading session, Castellum Inc (CTM) jumped 17.06% to $1.09 over a previous close of $0.93 after announcing the award of a $103.3 million contract to its GTMR Subsidiary.

Ex-Dividends Stocks

DuPont de Nemours Inc (DD) 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 $0.41 per share. It has fixed March 03 as the record date for the same and will pay the actual dividend on March 17. Last year, the company distributed a total of $1.52 to its shareholders. Based on the last year's worth of payments, DD has a trailing yield of 1.87% on the current stock price of $81.33.

Shares of Interpublic Group Of Cos., Inc (IPG) 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 $0.33 per share, and in the last 12 months, it paid a total of $1.32 per share. Last year's total dividend payments show that IPG has a trailing yield of 4.84% on the current share price of $27.27.

Lockheed Martin Corp (LMT) is also set to go ex-dividend on Monday. The next dividend payment from LMT will amount to $3.3 per share. March 03 has been designated as the record date for this dividend, with the actual payout scheduled for March 28. In the previous year, LMT distributed a total of $12.75 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for LMT stands at 2.85% based on the current stock price of $447.36.

Nike, Inc (NKE) will be paying out a dividend of $0.4 per share to shareholders holding their shares as of the close of the business hours on the record date of March 03. Over the past 12 months, NKE has paid out a total of $1.51 per share in dividends. Based on the total dividends paid out last year, NKE boasts an impressive trailing yield of 1.90% on the current share price of $79.42.

Crypto Market Highlights

• CME Group to launch Solana futures contracts on March 17, pending review by US financial regulators.

• Ethereum Foundation forms an external advisory group to preserve the core values of the blockchain network.

• Upbit’s parent company, Dunamu, files a lawsuit against South Korea's FIU over imposed sanctions.

• Boerse Stuttgart’s digital asset arm to help DekaBank offer cryptocurrency trading services to institutional clients.

• Arizona Senate advances Bitcoin reserve bill, placing it second behind Utah in crypto investment bill race.

Most Shorted Stocks

Sacks Parente Golf Inc (SPGC) was one of the most shorted stocks as of latest short interest figures, with 112.97% 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 0.2. This represents a change of -720000 shares, which corresponds to a -27.59% decrease in short interest. The total value of the shares held short is estimated to be around $0.43 million. The average daily volume stands at 9.47M shares, and the market capitalization of the company is $2.08M.

For the stock Volcon Inc (VLCN), the current short interest is at 50.65%. This represents a significant short interest change of 223200 shares, corresponding to a short interest percentage increase of +366.50%. The days needed to cover the short positions amount to 0.3. The approximate worth of the shares held short is $0.24 million.

With the symbol TGL, the stock currently has a short interest of 45.92%. The short interest change is 4172200 shares, compared with a short interest percentage change of +1,272.79%. It would take approximately 0.3 days to cover all the short positions. The shares short value is estimated to be around $45456.0. The company boasts an average daily volume of 14.73M shares, contributing to a market capitalization of $8.17M.

The stock DRMA has a current short interest of 44.88%. The short interest percentage has experienced a decrease of -5.51% while there was a change of -16200 shares in short interest. The ratio indicating the time required to cover short positions is 0.6. The calculated worth of the shorted shares amounts to around $5.04 million. Trading activity averages at 517.58K shares per day, while the company's market capitalization stands at $5.97M.

Energy Stocks to Watch

According to our ST Score evaluation, Precision Drilling Corp (PDS) emerges as a high-quality stock in the Energy industry, attaining an impressive score of 58. The stock's profitability and Piotroski Score are strong. Additionally, it is neutral in terms of performance, growth, financial strength, stock sentiment, and forecast.

Our ST Score also classifies Star Group L.P (SGU) as a high-quality Energy stock today, presenting a Score of 57. The stock has strong fundamentals in terms of profitability, performance, and Piotroski Score. However, it has weak financial strength. The growth, stock sentiment, and forecast are neutral.

Another stock in the category, PrimeEnergy Resources Corp (PNRG) has the ST Score of 56, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, and Piotroski Score. Growth, financial strength, stock sentiment, and forecast suggest a neutral outlook.

Global Partners LP (GLP) stock has the ST Score of 54 which implies that the Energy company has a high probability of beating the market. The stock's strengths lie in its performance, and Piotroski Score, but its weaknesses are in its profitability, and financial strength. However, it shows a neutral outlook in growth, stock sentiment, and forecast.

PHX Minerals Inc (PHX) currently has the ST Score of 54, which signifies a huge upward potential. The Energy stock's strong points are its profitability, performance, financial strength, and Piotroski Score, while its weak points are its growth. The stock's 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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