Top Performering EV's & Budget Picks Breaking Out

Wall Street bounced back Tuesday, snapping a three-day losing streak, as investors latched onto renewed optimism that the U.S. could strike trade deals to ease tariffs. The rally followed encouraging signals from the White House, suggesting active negotiations with key trading partners.

As of 11:18 AM ET, the Dow was up 722.46 points, or 1.90293%, at $38688.06. The Nasdaq Composite added 434.642 points, or 2.49355%, at $17865.324. The S&P 500 rose 100.37 points, or 1.98272%, at $5162.62. Among the 11 major S&P 500 sectors, 9 showed negative movement, with Energy leading the way with a 3.25% decrease.

The rebound came after extreme volatility and historic trading volumes. On Monday, U.S. markets saw their busiest day in nearly two decades, with around 29 billion shares traded. The Dow Jones Industrial Average endured a dramatic 2,595-point swing during the session, plunging over 1,700 points at its low before closing down 349 points, or 0.9%.

While Tuesday’s rally brought some relief, analysts warn it may be short-lived without clearer direction on trade policy. “Investors will need more stability to believe this bounce has staying power,” said Robert Ruggirello, Chief Investment Officer at Brave Eagle Wealth Management.

Top Movers: Under $10 

ZyVersa Therapeutics Inc (ZVSA) is up 140.55% today to trade at the current level of $1.40. This comes after the company’s CEO, Stephen C. Glover, released a Shareholder Letter on PARASOL recommendations to speed up drug development for FSGS.

60 Degrees Pharmaceuticals Inc (SXTP) zoomed 64.59% in today’s trade to $2.96. The company signed a Patent License Agreement with Yale to develop and commercialize tafenoquine for babesiosis treatment and prevention.

In current trading, Interactive Strength Inc (TRNR) stock is at $1.12 following the announcement from the company that it has signed a binding transaction agreement to acquire Wattbike, which has cumulatively sold more than 100,000 bikes.

Cycurion Inc (CYCU) rose 32.34% in the early hours of today's trading to move at $0.59 after announcing an expanded partnership with Journal Technologies, a leading provider of case management and operational solutions for justice agencies worldwide.

In the current trading session, Agilon Health Inc (AGL) jumped 27.52% to $5.42 over a previous close of $4.25. The company will participate in the BofA Securities 2025 Health Care Conference including a fireside chat presentation on Wednesday, May 14.

Ex-Dividends Stocks

Atlantic American Corp (AAME) 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 $0.02 per share. It has fixed April 09 as the record date for the same and will pay the actual dividend on April 23. Last year, the company distributed a total of $0.02 to its shareholders. Based on the last year's worth of payments, AAME has a trailing yield of 1.28% on the current stock price of $1.56.

Shares of HarborOne Bancorp Inc (HONE) 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 $0.09 per share, and in the last 12 months, it paid a total of $0.32 per share. Last year's total dividend payments show that HONE has a trailing yield of 3.34% on the current share price of $9.59.

Tomorrow, Interdigital Inc (IDCC) is also set to go ex-dividend tomorrow. The next dividend payment from IDCC will amount to $0.6 per share. April 09 has been designated as the record date for this dividend, with the actual payout scheduled for April 23. In the previous year, IDCC distributed a total of $1.70 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for IDCC stands at 0.86% based on the current stock price of $197.56.

Weibo Corp ADR (WB) will be paying out a dividend of $0.82 per share to shareholders holding their shares as of the close of the business hours on the record date of April 09. Over the past 12 months, WB has paid out a total of $0.82 per share in dividends.

Crypto Market Highlights

• Executives at Messari and Sygnum remain optimistic about institutional Bitcoin adoption in 2025 despite the ongoing market challenges due to US trade tariffs. 

• The Chicago Board Options Exchange (Cboe) has launched a new Bitcoin futures derivative product.

• The United States Department of Justice (DOJ) is reportedly disbanding the National Cryptocurrency Enforcement Team (NCET).

• Ripple has acquired crypto-friendly prime broker Hidden Road in one of the largest mergers in the cryptocurrency industry.

• ARK Invest, led by Cathie Wood, shows mixed reactions to the latest US trade tariffs, selling shares of its spot Bitcoin ETF while increasing its stake in Coinbase with $26.6 million worth of stock acquisitions.

 Most Shorted Stocks

Lovesac Company (LOVE) was one of the most shorted stocks as of the latest short interest figures, with 27.62% 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 10.1. This represents a change of 790000 shares, which corresponds to a +25.65% increase in short interest. The total value of the shares held short is estimated to be around $52.67 million. The average daily volume stands at 409.49K shares, and the market capitalization of the company is $210.09M.

The Enovix Corporation with the symbol ENVX currently has a short interest of 28.89%. The short interest has changed by 3370000 shares. The days to cover ratio stands at 7.3. The estimated value of the shares held short is approximately $288.66 million. On an average day, 6.11M shares are traded, with the company's market capitalization totaling $1.17B.

For the stock Cassava Sciences Inc (SAVA), the current short interest is at 27.14%. This represents a significant short interest change of -2570000 shares, corresponding to a short interest percentage decrease of -17.79%. The days needed to cover the short positions amount to 5.2. The approximate worth of the shares held short is $15.44 million.

With the symbol RGTI, the stock currently has a short interest of 25.07%. The short interest change is 7280000 shares, compared with a short interest percentage change of +11.93%. It would take approximately 0.5 days to cover all the short positions. The shares short value is estimated to be around $104.66 million. The company boasts an average daily volume of 101.02M shares, contributing to a market capitalization of $2.52B.

The stock NVAX has a current short interest of 23.68%. The short interest percentage has experienced a decrease of -4.28% while there was a change of -1680000 shares in short interest. The ratio indicating the time required to cover short positions is 8.9. The calculated worth of the shorted shares amounts to around $443.27 million. Trading activity averages at 4.37M shares per day, while the company's market capitalization stands at $1.04B.

EV stocks to Watch

According to our ST Score evaluation, Teck Resources Ltd (TECK) emerges as a high-quality stock in the EV industry, attaining an impressive score of 54. The stock's profitability and Piotroski Score are strong. However, its performance is weak. Additionally, it is neutral in terms of growth, financial strength, stock sentiment, and forecast.

Our ST Score also classifies BorgWarner Inc (BWA) as a high-quality EV stock today, presenting a Score of 53. The stock has strong fundamentals in terms of profitability, and Piotroski Score. However, it has weak financial strength. The performance, growth, stock sentiment, and forecast are neutral.

Another stock in the category, Magna International Inc (MGA) has the ST Score of 53, 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.

General Motors Company (GM) 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, performance, and Piotroski Score, but its weaknesses are in its growth, and financial strength. However, it shows a neutral outlook in stock sentiment, and forecast.

Aptiv PLC (APTV) currently has the ST Score of 50, which signifies a huge upward potential. The EV stock's strong points are its profitability, and Piotroski Score, while its weak points are its financial strength. 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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