Investors Looking To Global PMIs As New Year Begins

Summary:

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Investors next week will again be looking at a dearth of economic data in another holiday-shortened week. The highlights will be purchasing managers’ data on Thursday and Friday from the Institute of Supply Management and S&P Global for December. Pending home sales for November will be released on Monday.

Volatility watch: KULR Technology Group (NYSE:KULR) has a high level of implied volatility based on options trading. CervoMed (NASDAQ:CRVO) and Beyond Meat (NASDAQ:BYND) are near the top of the list of stocks with the highest level of outstanding short interest. The most overbought stocks per their 14-day Relative Strength Index include American Battery Technology (NASDAQ:ABAT), Hour Loop (NASDAQ:HOUR), and LightPath Tech (NASDAQ:LPTH). The most oversold stocks per their 14-day Relative Strength Index include Innovative Industrial (NYSE:IIPR), Inovio (INO), and GXO Logistics (NYSE:GXO). GameStop (NYSE:GME) is also on watch as traders speculate that Roaring Kitty may look to revive the meme theme on the retailer.

IPO watch: None.

Dividend watch: Companies that have an ex-dividend date coming next week include Cisco (NASDAQ:CSCO), Deere (NYSE:DE), Mondelez (NASDAQ:MDLZ), American Express (AXP), and Stryker (NYSE:SYK). Companies expected to increase their quarterly dividends include Alamo Group (NYSE:ALG), from $0.26 to $0.28, and Bank OZK (NASDAQ:OZK), from $0.41 to $0.42. Read through some of the dividend stock picks from Seeking Alpha analysts.

Investor events: None.

Editor’s Note: This article covers one or more microcap stocks. Please be aware of the risks associated with these stocks.