Dear Readers,

Wednesday saw the S&P 500 take a step back from its recent peak, as Nvidia's early-year surge began to decelerate. 

As of 12:11 PM ET, the Dow was up 149.6914 points, or 0.3838%, at $39155.18. The Nasdaq Composite lost -149.2148 points, or -0.819%, at $18069.9. The S&P 500 declined -6.3599 points, or -0.1229%, at $5168.91. Among the 11 major S&P 500 sectors, 9 showed positive movement, with Materials leading the way with a 1.21% increase.

On Wall Street, the anticipation is high for the Federal Reserve's upcoming meeting starting on March 19, with Yoshioka predicting Chair Jerome Powell will maintain a stance that hinges on economic data and adopt a more balanced tone.

In other news, Dollar Tree's shares took a significant hit, dropping 13% following the announcement of their Q4 earnings. Looking ahead, investors are bracing for more economic insights with the release of February's Producer Price Index on Thursday.

Top Movers: Under $10

NuCana plc ADR (NCNA) is up 50.37% today to trade at the current level of $0.58. This comes after the company reported recent approval for a groundbreaking U.S. patent on March 12, 2024.

Veritone Inc (VERI) zoomed 35.09% in today’s trade to $2.31 after reporting results for the fourth quarter and fiscal year ended December 31, 2023.

In current trading, Heron Therapeutics Inc (HRTX) stock is at $3.08 following the release of financial results for the three and twelve months ended December 31, 2023.

T Stamp Inc (IDAI) rose 13.40% in the early hours of today's trading to move at $1.22 after the release of its new AI-Powered Age Estimation technology.

In the current trading session, Ault Alliance Inc (AULT) jumped 18.46% to $0.48 over a previous close of $0.39 after announcing the termination of its at-the-market issuance sales agreement for sales of its common stock and also announced its commitment to not utilize an ATM for sales of its common stock for not only the duration of 2024 but the foreseeable future.

Ex-Dividends Stocks

Western Union Company (WU) 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 $0.23 per share. The company has fixed March 15 as the record date for the same and will pay the actual dividend on March 29. Last year, the company distributed a total of $0.94 to its shareholders. Based on the last year's worth of payments, WU has a trailing yield of 6.91% on the current stock price of $13.61.

Another stock that is shelling out dividends tomorrow is AngloGold Ashanti Plc. (AU), having a market capitalization of $9.70B. It will pay a dividend of $0.19 per share, the payment date of which is March 28. Currently, the stock is trading at a trailing dividend yield of 0.94%.

Shares of Walmart Inc (WMT) will be the talk of stock market on Thursday as the stock will turn ex-dividend. The company's next dividend payment will be $0.21 per share, and in the last 12 months, the company paid a total of $0.76 per share. Last year's total dividend payments show that WMT has a trailing yield of 1.24% on the current share price of $61.12.

Digital Realty Trust Inc (DLR) is also set to go ex-dividend tomorrow. The next dividend payment from DLR will amount to $1.22 per share. March 15 has been designated as the record date for this dividend, with the actual payout scheduled for March 28. In the previous year, DLR distributed a total of $4.88 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for DLR stands at 3.32% based on the current stock price of $147.14.

Gold Fields Ltd ADR (GFI) will be paying out a dividend of $0.18 per share to shareholders holding their shares as of the close of the business hours on the record date of March 15. Over the past 12 months, GFI has paid out a total of $0.41 per share in dividends. Based on the total dividends paid out last year, GFI boasts an impressive trailing yield of 2.64% on the current share price of $15.61.

Crypto Market Highlights

• Ethereum's Dencun upgrade, featuring proto-dank sharding, launches amid applause and speculator doubts.

• Successful rollout of the Dencun upgrade on Ethereum mainnet at 1:55 pm UTC on March 13.

• India to introduce faster trade settlement mechanism for the stock market to compete with crypto exchanges.

• Thai government approves tax breaks for individuals holding investment tokens to promote fundraising.

• Binance to delist several TrueUSD (TUSD) trading pairs, associated with Tron founder Justin Sun.

• Nigerian government presses Binance for information on top 100 users amid exchange crackdown.

• OKX acquires in-principle approval for a Major Payment Institution license in Singapore.

• UK treasury releases consultation paper on changes to money laundering regulations affecting crypto assets.

Most Shorted Stocks

Novavax, Inc. (NVAX) was one of the most shorted stocks as of latest short interest figures, with 37.68% 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 5.5. This represents a change of -2090000 shares, which corresponds to a -3.81% decrease in short interest. The total value of the shares held short is estimated to be around $266.86 million. The average daily volume stands at 9.69M shares, and the market capitalization of the company is $708.15M.

The ImmunityBio Inc with the symbol IBRX currently has a short interest of 39.44%. The short interest has changed by 4410000 shares. The days to cover ratio stands at 12.2. The estimated value of the shares held short is approximately $260.33 million. On an average day, 4.20M shares are traded, with the company's market capitalization totaling $3.37B.

For the stock Volcon Inc (VLCN), the current short interest is at 47.95%. This represents a significant short interest change of -41100 shares, corresponding to a short interest percentage decrease of -25.29%. The days needed to cover the short positions amount to 0.0. The approximate worth of the shares held short is $0.1 million.

With the symbol ABR, the stock currently has a short interest of 36.87%. The short interest change is 140000 shares. It would take approximately 13.4 days to cover all the short positions. The shares short value is estimated to be around $905.02 million. The company boasts an average daily volume of 5.23M shares, contributing to a market capitalization of $2.45B.

The stock CUTR has a current short interest of 37.81%. The short interest percentage has experienced increase of +6.35% while there was a change of 450000 shares in short interest. The ratio indicating the time required to cover short positions is 4.3. Trading activity averages at 1.81M shares per day, while the company's market capitalization stands at $40.32M.

AI Stocks to Watch

According to our ST Score evaluation, NICE Ltd ADR (NICE) emerges as a high-quality stock in the AI industry, attaining an impressive score of 58.0. The stock's profitability, stock sentiment, and Piotroski Score are strong. However, its growth are weak. Additionally, it is neutral in terms of value, performance, financial strength, and forecast.

Our ST Score also classifies Palantir Technologies Inc (PLTR) as a high-quality AI stock today, presenting a Score of 62.0. The stock has strong fundamentals in terms of profitability, financial strength, stock sentiment, and Piotroski Score. However, it has weak value. The performance, growth, and forecast are neutral.

Another stock in the category, Arista Networks Inc (ANET) has the ST Score of 59.0, which means that the stock carries the potential for higher returns. The stock is strong in profitability, financial strength, and stock sentiment but weak in value. Performance, growth, piotroski score, and forecast suggest a neutral outlook.

NVIDIA Corp (NVDA) 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, growth, stock sentiment, and Piotroski Score, but its weaknesses are in its value. However, it shows neutral outlook in performance, financial strength, and forecast.

Sap SE ADR (SAP) currently has the ST Score of 54.0, which signifies a huge upward potential. The AI stock's strong points are its profitability, stock sentiment, and Piotroski Score, while its weak points are its value, growth, and financial strength. The stock's performance, and forecast indicate a neutral outlook.

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