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Stocks are on the upswing today following significant earnings updates.

As of 11:32 AM ET, the Dow was up 166.7305 points, or 0.4328%, at $38688.09. The Nasdaq Composite added 163.1797 points, or 0.9286%, at $17735.914. The S&P 500 rose 32.8599 points, or 0.6633%, at $4987.09. Among the 11 major S&P 500 sectors, 6 showed positive movement, with Information Technology leading the way with a 0.45% increase. 

CVS Health, Uber, and Roblox have reported earnings, with Disney and PayPal scheduled to announce after market close.

Moody's downgraded New York Community Bancorp's debt to junk, compounding the challenges for the regional lender, whose shares have recently hit their lowest level since 1997.

Top Movers: Under $10

MicroCloud Hologram Inc (HOLO) is up 495.70% today to trade at the current level of $9.00. This comes after the company announced plans to join the Communications Industry Association.

Glatfelter Corporation (GLT) zoomed 70.31% in today’s trade to $2.18 after Berry Global and Glatfelter announced plans for tax-free spin-off and merger of Berry’s Health, Hygiene and Specialties Global Nonwovens and Films Business with Glatfelter, creating a global specialty materials leader.

In current trading, SEALSQ Corp (LAES) stock is at $3.36 after announcing the appointment of Brock Denson as US VP Sales.

Ault Alliance Inc (AULT) rose 25.71% in the early hours of today's trading to move at $0.45. The company announced that it has determined not to pursue new acquisitions during 2024, though it may continue to make strategic investments.

In the current trading session, Beamr Imaging Ltd (BMR) jumped 13.89% to $2.05 over a previous close of $1.80 after announcing that it is scheduled to launch on February 20, 2024 a new cloud service that will simplify video processing and make it accessible and affordable to everyone.

Ex-Dividends Stocks

American Electric Power Company Inc. (AEP) 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 has fixed February 09 as the record date for the same and will pay the actual dividend on March 08. Last year, the company distributed a total of $3.37 to its shareholders. Based on the last year's worth of payments, AEP has a trailing yield of 4.38% on the current stock price of $77.05.

Another stock that is shelling out dividends tomorrow is Entergy Corp. (ETR), having a market capitalization of $20.90B. It will pay a dividend of $1.13 per share, the payment date of which is March 01. Currently, the stock is trading at a trailing dividend yield of 4.39%.

Shares of International Business Machines Corp. (IBM) will be the talk of stock market on Thursday as the stock will turn ex-dividend. The company's next dividend payment will be $1.66 per share, and in the last 12 months, it paid a total of $6.82 per share. Last year's total dividend payments show that IBM has a trailing yield of 3.73% on the current share price of $182.82.

Pitney Bowes, Inc. (PBI) is also set to go ex-dividend tomorrow. The next dividend payment from PBI will amount to $0.05 per share. February 09 has been designated as the record date for this dividend, with the actual payout scheduled for March 14. In the previous year, PBI distributed a total of $0.20 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for PBI stands at 5.19% based on the current stock price of $3.86.

Starbucks Corp. (SBUX) will be paying out a dividend of $0.57 per share to shareholders holding their shares as of the close of the business hours on the record date of February 09. Over the past 12 months, SBUX has paid out a total of $2.31 per share in dividends. Based on the total dividends paid out last year, SBUX boasts an impressive trailing yield of 2.42% on the current share price of $95.21.

Crypto Market Highlights

Most Shorted Stocks

Arbor Realty Trust Inc. (ABR) was one of the most shorted stocks as of latest short interest figures, with 29.29% 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 11.0. This represents a change of -60000 shares, which corresponds to a -0.11% decrease in short interest. The total value of the shares held short is estimated to be around $693.44 million. The average daily volume stands at 5.09M shares, and the market capitalization of the company is $2.37B.

The Biomea Fusion Inc with the symbol BMEA currently has a short interest of 34.69%. The short interest has changed by 390000 shares. The days to cover ratio stands at 8.3. The estimated value of the shares held short is approximately $191.55 million. On an average day, 1.34M shares are traded, with the company's market capitalization totaling $666.71M.

For the stock Microvision Inc. (MVIS), the current short interest is at 26.67%. This represents a significant short interest change of 1150000 shares, corresponding to a short interest percentage increase of +2.32%. The days needed to cover the short positions amount to 22.8. The approximate worth of the shares held short is $122.62 million.

With the symbol ACON, the stock currently has a short interest of 28.4%. The short interest change is -50,472 shares. It would take approximately 1 day to cover all the short positions. The shares short value is estimated to be around $102.35 million. The company boasts an average daily volume of 1.26M shares, contributing to a market capitalization of $16.62M.

The stock AVXL has a current short interest of 25.17%. The short interest percentage has experienced increase of +2.94% while there was a change of 590000 shares in short interest. The ratio indicating the time required to cover short positions is 14.4. The calculated worth of the shorted shares amounts to around $1.23 million. Trading activity averages at 1.45M shares per day, while the company's market capitalization stands at $475.30M.

AI Stocks to Watch

According to our ST Score evaluation, Palantir Technologies Inc (PLTR) emerges as a high-quality stock in the AI industry, attaining an impressive score of 64.0. The stock's profitability, performance, financial strength, stock sentiment, and Piotroski Score are strong. However, its value are weak. Additionally, it is neutral in terms of growth, and forecast.

Our ST Score also classifies ASML Holding NV (ASML) as a high-quality AI stock today, presenting a Score of 63.0. The stock has strong fundamentals in terms of profitability, performance, stock sentiment, and Piotroski Score. However, it has weak value, and financial strength. The growth, and forecast are neutral.

Another stock in the category, Sprinklr Inc (CXM) has the ST Score of 61.0, which means that the stock carries the potential for higher returns. The stock is strong in profitability, financial strength, stock sentiment, and Piotroski Score but weak in value. Performance, growth, and forecast suggest a neutral outlook.

Vertiv Holdings Co (VRT) stock has the ST Score of 60.0 which implies that the AI company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, growth, stock sentiment, and Piotroski Score, but its weaknesses are in its value, and financial strength. However, it shows neutral outlook in forecast.

Sap SE ADR (SAP) currently has the ST Score of 61.0, which signifies a huge upward potential. The AI stock's strong points are its profitability, performance, and Piotroski Score, while its weak points are its growth. The stock's value, financial strength, stock sentiment, and forecast indicate a neutral outlook.