Dear Readers,

On Monday, the S&P 500 experienced a decline following Moody’s Investors Service decision to shift the U.S. credit rating outlook from stable to negative.

As of 11:52 AM ET, the Dow was up 100.4688 points, or 0.2931%, at $34383.57. The Nasdaq Composite lost -19.25 points, or -0.124%, at $15509.869. The S&P 500 rose 3.0898 points, or 0.07%, at $4418.33. Among the 11 major S&P 500 sectors, 8 showed positive movement, with Industrials leading the way with a 1.34% increase.

Nike and Intel contributed to the losses, each dropping over 1%. Conversely, Boeing saw a surge of over 4% in its shares after Emirates disclosed a $52 billion order for 95 aircraft, positively impacting the Dow.

Market participants are anticipating this week’s release of updated U.S. inflation data, with the consumer price index slated for Tuesday.

Top Movers: Under $10

Tenax Therapeutics Inc (TENX) is up 215.38% today to trade at the current level of $0.49. This comes after the company announced that the FDA has reviewed and cleared its Investigational New Drug (IND) Application for TNX-103.

Tivic Health Systems Inc (TIVC) zoomed 63.03% in today’s trade to $1.94 ahead of its earnings release.

In current trading, Blue Star Foods Corp (BSFC) stock is at $0.17 after announcing a recently signed a 2-year bid award purchase agreement with Sysco Corporation.

FREYR Battery (FREY) rose 14.01% in the early hours of today's trading to move at $1.71 after reporting that it has published a letter to shareholders co-authored by Co-Founder and Executive Chairperson Tom Einar Jensen and Chief Executive Officer Birger Steen.

In the current trading session, RLX Technology Inc ADR (RLX) jumped 14.02% to $1.87 over a previous close of $1.64 after releasing its unaudited financial results for the third quarter ended September 30, 2023.

Ex-Dividends Stocks

Noble Corp Plc (NE) 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 $0.4 per share. The company has fixed November 15 as the record date for the same and will pay the actual dividend on December 14. Last year, the company distributed a total of $0.57 to its shareholders. Based on the last year's worth of payments, NE has a trailing yield of 1.20% on the current stock price of $47.68.

Another stock that is shelling out dividends tomorrow is Pitney Bowes, Inc. (PBI), having a market capitalization of $706.20M. It will pay a dividend of $0.05 per share, the payment date of which is December 06. Currently, the stock is trading at a trailing dividend yield of 4.99%.

Shares of Exxon Mobil Corp. (XOM) will be the talk of stock market on Tuesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.95 per share, and in the last 12 months, the company paid a total of $3.70 per share. Last year's total dividend payments show that XOM has a trailing yield of 3.53% on the current share price of $104.82.

Tomorrow, Archer Daniels Midland Co. (ADM) is also set to go ex-dividend tomorrow. The next dividend payment from ADM will amount to $0.45 per share. November 15 has been designated as the record date for this dividend, with the actual payout scheduled for December 06. In the previous year, ADM distributed a total of $1.78 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for ADM stands at 2.46% based on the current stock price of $72.60.

CF Industries Holdings Inc (CF) will be paying out a dividend of $0.4 per share to shareholders holding their shares as of the close of the business hours on the record date of November 15. Over the past 12 months, CF has paid out a total of $1.59 per share in dividends. Based on the total dividends paid out last year, CF boasts an impressive trailing yield of 1.99% on the current share price of $80.28.

Crypto Market Highlights

Most Shorted Stocks

Spectaire Holdings Inc (SPEC) was one of the most shorted stocks as of latest short interest figures, with 56.50% 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 1. The average daily volume stands at 269.40K shares, and the market capitalization of the company is $16.76M.

The Bio-Key International Inc. with the symbol BKYI currently has a short interest of 48.68%. The short interest has changed by 3490900 shares. The days to cover ratio stands at 3.5. The estimated value of the shares held short is approximately $0.59 million. On an average day, 999.52K shares are traded, with the company's market capitalization totaling $1.61M.

For the stock Harpoon Therapeutics Inc (HARP), the current short interest is at 45.33%. This represents a significant short interest change of 190600 shares, corresponding to a short interest percentage increase of +400.42%. The days needed to cover the short positions amount to 2.0. The approximate worth of the shares held short is $1.56 million.

The stock ABVC has a current short interest of 43.18%. The short interest percentage has experienced increase of +2,761.63% while there was a change of 950000 shares in short interest. The ratio indicating the time required to cover short positions is 0.6. The calculated worth of the shorted shares amounts to around $2.96 million. Trading activity averages at 1.77M shares per day, while the company's market capitalization stands at $4.11M.

Upcoming IPOs

Shimmick Corporation (SHIM) is all set for its debut on the NASDAQ exchange on November 14. They are offering shares in the price range of $10.00 to $12.00. With a total of 4,550,000 shares available, the company aims to raise approximately $50.05M through this IPO.

Elevai Labs, Inc. (ELAB) will be entering the market with its IPO on November 14, on the NASDAQ exchange. They are offering shares in the price range of $4.00 to $6.00. They plan to offer 1,500,000 shares, targeting a deal size of $7.50M.

Signing Day Sports, Inc. (SGN) is also scheduled to make its debut on the NYSEAMERICAN exchange on November 14. They are offering shares in the price range of $4.00 to $6.00. The IPO includes 1,500,000 shares, aiming for a deal size of $7.50M.

DDC Enterprise Limited (DDC) is set to join the NYSE on November 17. They are offering shares in the price range of $9.50 to $11.50. They are offering 4,250,000 shares, with an estimated deal size of $44.63M.

Trident Digital Tech Holdings Ltd (TDTH) is poised for its market debut on November 28, joining the NASDAQ. Priced between $8.00 and $10.00 per share, the IPO involves 1,875,000 shares, with the company targeting a funding goal of around $16.88M.