US stocks were mixed on Monday as technology shares rebounded ahead of earnings reports from Tesla (TSLA) and Meta (META) later this week. 

As of 11:00 AM ET, the Nasdaq Composite rose 1%, while the S&P 500 advanced 0.5%. In contrast, the Dow Jones Industrial Average slipped 0.2%. The Nasdaq followed its worst weekly performance since June, while the S&P 500 recovered modestly after falling nearly 2% last week.

In energy markets, Brent crude remained steady at $108 per barrel, while West Texas Intermediate (WTI) declined to $98 amid geopolitical tensions.

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Top Movers: Under $10 

SCWorx Corp (WORX) is up 73.18% today to trade at the current level of $2.39. This comes after the company announced a new agreement with Healthcare System.

J-Star Holding Co Ltd (YMAT) zoomed 37.40% in today’s trade to $1.8 after reporting progress on its U.S. drone frame production plans, including talks to acquire a manufacturing facility in Greater Houston.

In current trading, Exyn Technologies Inc (EXYN) stock is at $2.35 after announcing its participation in a national lab-led team selected by the U.S. Department of Energy for award negotiations under the Mine of the Future Initiative’s MAP-POD project.

3 E Network Technology Group Ltd (MASK) rose 17.18% in the early hours of today's trading to move at $0.94 after announcing that its Finland-based subsidiary, Aurora Core Technology Oy, has signed a power distribution network connection agreement (the “Agreement”) with local distribution system operator Järvi-Suomen Energia Oy.

In the current trading session, GoPro Inc (GPRO) jumped 6.19% to $1.12 over a previous close of $1.05 after announcing that it has filed a preliminary proxy statement with the Securities and Exchange Commission in connection with its previously announced proposed merger with Starman Optical, Inc.

Ex-Dividend Stocks

Chiron Real Estate Inc (XRN) 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 $0.16 per share. It has set November 20 as the record date for the same and will pay the actual dividend on December 18. Last year, the company distributed a total of $2.14 to its shareholders. Based on last year's worth of payments, XRN has a trailing yield of 7.05% on the current stock price of $30.34.

Another stock that is shelling out dividends tomorrow is Costamare Inc (CMRE), having a market capitalization of $1.69B. It will pay a dividend of $0.12 per share, the payment date of which is November 05. Currently, the stock is trading at a trailing dividend yield of 3.36%.

Shares of Colgate-Palmolive Co (CL) will be the talk of the stock market on Tuesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.53 per share, and in the last 12 months, it paid a total of $2.10 per share. Last year's total dividend payments show that CL has a trailing yield of 2.23% on the current share price of $94.11.

RPM International Inc (RPM) is also set to go ex-dividend tomorrow. The next dividend payment from RPM will amount to $0.57 per share. October 20 has been designated as the record date for this dividend, with the actual payout scheduled for October 30. In the previous year, RPM distributed a total of $2.16 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for RPM stands at 2.17% based on the current stock price of $99.73.

Dell Technologies Inc (DELL) will be paying out a dividend of $0.63 per share to shareholders holding their shares as of the close of the business hours on the record date of October 20. Over the past 12 months, DELL has paid out a total of $2.31 per share in dividends. Based on the total dividends paid out last year, DELL boasts an impressive trailing yield of 0.51% on the current share price of $451.71.

Crypto Market Highlights

• South Korean finance officials may meet crypto exchanges as pressure grows to delay the cryptocurrency tax planned for January.

• Qubic halted operations after an attacker allegedly exploited weak wallet seeds, stealing $1.4 million from over 1,400 accounts.

• Cysic Foundation is investigating unauthorized token minting on BNB Smart Chain, noting that the mint amount alone does not determine the financial impact.

• Thai police arrested a 37-year-old Chinese man wanted over an alleged money laundering network that processed $75 million in transactions.

• AIsa secured new strategic investors, Tether Capital and HIVEN, bringing its total funding to over $9 million.

Most Shorted Stocks

Lucid Group Inc (LCID) was one of the most shorted stocks as of latest short interest figures, with 59.91% 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 8.6. This represents a change of 4675694 shares, which corresponds to a 5.21% increase in short interest. The total value of the shares held short is estimated to be around $295.59 million. The average daily volume stands at 12.67M shares, and the market capitalization of the company is $1.23B.

The Immuneering Corp with the symbol IMRX currently has a short interest of 28.14%. The short interest has changed by -58307 shares. The days to cover ratio stands at 24.2. The estimated value of the shares held short is approximately $55.62 million. On an average day, 714.04K shares are traded, with the company's market capitalization totaling $232.27M.

For the stock Vera Therapeutics Inc (VERA), the current short interest is at 28.45%. This represents a significant short interest change of 205357 shares, corresponding to a short interest percentage increase of 1.21%. The days needed to cover the short positions amount to 7.8. The approximate worth of the shares held short is $480.66 million.

With the symbol WULF, the stock currently has a short interest of 28.45%. The short interest change is -1781583 shares, compared with a short interest percentage change of -1.47%. It would take approximately 4.5 days to cover all the short positions. The short value is estimated to be around $201.37 million. The company boasts an average daily volume of 31.87M shares, contributing to a market capitalization of $5.83B.

The stock OPEN has a current short interest of 24.10%. The short interest percentage has experienced an increase of 7.75% while there was a change of 16,586,045 shares in short interest. The ratio indicating the time required to cover short positions is 7.5. The calculated worth of the shorted shares amounts to around $546.24 million. Trading activity averages at 40.55M shares per day, while the company's market capitalization stands at $2.08B.

EV Stocks to Watch

According to our ST Score evaluation, NXP Semiconductors N.V. (NXPI) stands out as a promising stock to watch in the EV sector, with an ST Score of 57. The stock demonstrates strong profitability, excellent growth, and a strong Piotroski Score. However, its financial strength is weak. Valuation appears fair, while positive stock sentiment and a Hold forecast suggest a mixed outlook.

Our ST Score analysis assigns NIO Inc. (NIO) a score of 58, highlighting its potential among EV stocks to watch. The company exhibits strong profitability and excellent growth, supported by positive stock sentiment and a bullish forecast. Although its valuation is fair, weak financial strength and an average Piotroski Score remain concerns.

Tesla, Inc. (TSLA) earns an impressive ST Score of 62, making it a notable contender among EV stocks. Its strengths include strong profitability, excellent growth, and solid financial strength, alongside positive stock sentiment. However, the stock's overvalued assessment and average Piotroski Score warrant attention, while its Hold forecast indicates a neutral near-term outlook.

Another company worth monitoring in the EV-related stock category is Aehr Test Systems, Inc. (AEHR), which has an ST Score of 55. The company benefits from strong financial strength, stable growth, positive stock sentiment, and a bullish forecast. However, weak profitability and a weak Piotroski Score raise concerns. Its fair valuation may also be relevant to investors assessing the stock's prospects.

Skyworks Solutions, Inc. (SWKS) currently holds an ST Score of 54, placing it among the stocks to watch in the EV-related technology space. The company demonstrates strong profitability and a strong Piotroski Score, while positive stock sentiment provides an additional favorable signal. However, weak financial strength and poor growth weigh on its overall profile. Although the stock's valuation is fair, its Hold forecast suggests a cautious outlook.

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

Best Regards,

Stocks Telegraph Team