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U.S. stocks continued to move higher on Tuesday, supported by optimism over upcoming earnings and the artificial intelligence boom, while easing oil prices and Treasury yields also boosted sentiment. 

As of 11:10 AM ET, the S&P 500 rose 0.81%, the Dow Jones gained 323 points, or 0.63%, and the Nasdaq Composite added 0.85%, with the S&P 500 and Nasdaq hitting fresh all-time intraday highs. Chip stocks led the gains, with Marvell Technology surging 7%, while Nvidia and Broadcom climbed around 1% each. 

Meanwhile, the 10-year Treasury yield fell 2 basis points to 5.29% after reaching levels not seen since 2002 on Monday, while the 2-year yield declined 3 basis points to 4.802%. 

Falling oil prices also supported equities, with Brent crude down 2% at around $98 a barrel and WTI futures slipping 1% to roughly $87 a barrel. 

Investors are now awaiting the Federal Reserve’s September meeting minutes, due Wednesday, for further clues on policymakers’ interest-rate outlook.

Top Movers: Under $10 

All InFutureTech Alliance Inc (AIFA) is up 41.19% today to trade at the current level of $8.3. This comes after the company’s inaugural Las Vegas conference highlighted its AI education strategy and new product initiatives.

OLB Group Inc (OLB) zoomed 45.06% in today’s trade to $0.27 after announcing two shareholder-focused actions: the suspension of its at-the-market equity offering program and a Board-authorized share repurchase program.

In current trading, Surf Air Mobility Inc (SRFM) stock is at $1.05 after announcing an agreement with Clipper Aviation for OperatorOS, its flight operations software powered by Palantir.

Generation Essentials Group (TGE) rose 10.55% in the early hours of today's trading to move at $1.21 as investors reacted to the company’s global expansion of The Art Newspaper, signaling growing international ambitions.

In the current trading session, Xanadu Quantum Technologies Ltd (XNDU) jumped 11.73% to $5.05 over a previous close of $4.52 after announcing a strategic multi-year partnership with GlobalFoundries (GF).

Ex-Dividend Stocks

Edison International (EIX) 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 $0.88 per share. It set October 07 as the record date and will pay the dividend on October 31. Last year, the company distributed a total of $3.46 to its shareholders. Based on last year's worth of payments, EIX has a trailing yield of 6.38% on the current stock price of $54.24.

Another stock that is shelling out dividends tomorrow is Gap Inc (GAP), having a market capitalization of $8.18B. It will pay a dividend of $0.17 per share, the payment date of which is October 28. Currently, the stock is trading at a trailing dividend yield of 2.92%.

Shares of Lennar Corp (LEN) 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 $0.5 per share, and in the last 12 months, it paid a total of $2.00 per share. Last year's total dividend payments show that LEN has a trailing yield of 2.69% on the current share price of $74.44.

New York Times Co (NYT) is also set to go ex-dividend tomorrow. The next dividend payment from NYT will amount to $0.23 per share. October 07 has been designated as the record date for this dividend, with the actual payout scheduled for October 22. In the previous year, NYT distributed a total of $0.82 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for NYT stands at 1.28% based on the current stock price of $64.0.

Tootsie Roll Industries Inc (TR) will be paying out a dividend of $0.09 per share to shareholders holding their shares as of the close of the business hours on the record date of October 07. Over the past 12 months, TR has paid out a total of $0.35 per share in dividends. Based on the total dividends paid out last year, TR boasts an impressive trailing yield of 0.93% on the current share price of $37.61.

Crypto Market Highlights

• OKX launched its OKX Money stablecoin app in parts of Latin America, Africa, South Asia and the Middle East, offering yields of up to 10%.

• A Chinese crime syndicate allegedly laundered over $1 billion in crypto stolen for North Korea’s Lazarus Group, according to ZachXBT.

• Fairshake plans to spend $6 million on six House candidates as part of its 2026 US election efforts.

• Modern Treasury applied for a US national trust bank charter to offer digital-asset custody and fiat services.

• CFTC Chair Michael Selig said the agency will advance crypto regulation with or without congressional legislation.

Most Shorted Stocks

Fuelcell Energy Inc (FCEL) was one of the most shorted stocks as of latest short interest figures, with 32.94% 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 3.2. This represents a change of 4801091 shares, which corresponds to a 23.89% increase in short interest. The total value of the shares held short is estimated to be around $449.95 million. The average daily volume stands at 8.48M shares, and the market capitalization of the company is $1.44B.

The Cleanspark Inc with the symbol CLSK currently has a short interest of 31.25%. The short interest has changed by 721694 shares. The days to cover ratio stands at 4.9. The estimated value of the shares held short is approximately $980.65 million. On an average day, 20.29M shares are traded, with the company's market capitalization totaling $3.21B.

For the stock Xerox Holdings Corp (XRX), the current short interest is at 30.83%. This represents a significant short interest change of -651873 shares, corresponding to a short interest percentage decrease of -1.61%. The days needed to cover the short positions amount to 15.8. The approximate worth of the shares held short is $120.41 million.

With the symbol TRIP, the stock currently has a short interest of 30.96%. The short interest change is 5946148 shares, compared with a short interest percentage change of 20.08%. It would take approximately 7.9 days to cover all the short positions. The short value is estimated to be around $350.47 million. The company boasts an average daily volume of 3.66M shares, contributing to a market capitalization of $1.03B.

The stock NVAX has a current short interest of 30.73%. The short interest percentage has experienced an increase of 2.24% while there was a change of 1091076 shares in short interest. The ratio indicating the time required to cover short positions is 9.3. The calculated worth of the shorted shares amounts to around $446.61 million. Trading activity averages at 4.45M shares per day, while the company's market capitalization stands at $2.07B.

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 65. The stock's profitability, financial strength, and Piotroski Score are strong. However, its performance and growth are weak. Additionally, it is neutral in terms of stock sentiment and forecast.

Our ST Score also classifies General Motors Company (GM) 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 financial strength. The growth, stock sentiment, and forecast are neutral.

Another stock in the category, Toyota Motor Corp ADR (TM) has the ST Score of 51, 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.

BorgWarner Inc (BWA) stock has the ST Score of 57, which implies that the EV company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, growth, and Piotroski Score. However, it shows a neutral outlook in financial strength, stock sentiment, and forecast.

Honda Motor ADR (HMC) currently has the ST Score of 46, which signifies a huge upward potential. The EV stock's strong points are its performance and financial strength, while its weak points are its profitability and growth. The stock's sentiment, Piotroski Score, and forecast indicate a neutral outlook.

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

Best Regards,

Stocks Telegraph Team