Dear Readers,

Tuesday saw the Dow rebounding after two consecutive declines, sparked by concerns that the Federal Reserve might need to uphold elevated interest rates to manage inflation.

Before the market opened, notable earnings reports from Bank of America and UnitedHealth surpassed expectations.

Continued economic resilience could prompt the Fed to maintain higher interest rates, especially if escalating tensions in the Middle East drive energy prices upward.

As of 12:37 PM ET, the Dow was up 155.39 points, or 0.4118%, at $37890.51. The Nasdaq Composite added 27.0059 points, or 0.1525%, at $17733.838. The S&P 500 declined -1.3101 points, or -0.0259%, at $5060.51. Among the 11 major S&P 500 sectors, 7 showed negative movement, with Energy leading the way with a 0.94% decrease.

Top Movers: Under $10

WiSA Technologies Inc (WISA) is up 306.22% today to trade at the current level of $7.11. This comes after its subsidiary WiSA Association announced that it has executed its fourth 5-year WiSA E licensing agreement with a fourth major HDTV/PTV (Projection TV) brand.

Palisade Bio Inc (PALI) zoomed 75.48% in today’s trade to $7.30 after announcing the successful completion of its analysis evaluating ex-vivo bioactivation of PALI-2108.

In current trading, Jaguar Health Inc (JAGX) stock is at $0.16 following the declaration from the company that it has signed an exclusive 5-year in-license agreement with United Kingdom-based Venture Life Group PLC, for Venture Life's FDA-approved oral mucositis prescription product, Gelclair, for the U.S. market.

Peraso Inc (PRSO) rose 41.34% in the early hours of today's trading to move at $1.79. The company announced that Panasonic System Networks R&D Lab. Co., Ltd. (PSNRD) has adopted Peraso's X710 chipset for its new 60GHz WLAN solution.

In the current trading session, Better Choice Company Inc (BTTR) jumped 23.14% to $6.28 over a previous close of $5.10 after announcing that its Board of Directors has authorized a stock repurchase program under which the Company can repurchase up to $5 million of the currently outstanding shares of the Company’s common stock, until December 31, 2024.

Ex-Dividends Stocks

Eagle Bancorp Inc (MD) (EGBN) 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 $0.45 per share. It has fixed April 18 as the record date for the same and will pay the actual dividend on April 30. Last year, the company distributed a total of $0.90 to its shareholders. Based on the last year's worth of payments, EGBN has a trailing yield of 4.25% on the current stock price of $21.18.

Another stock that is shelling out dividends tomorrow is Horizon Technology Finance Corporation (HRZN), having a market capitalization of $377.40M. It will pay a dividend of $0.11 per share, the payment date of which is May 15. Currently, the stock is trading at a trailing dividend yield of 11.61%.

Shares of Source Capital, Inc. (SOR) will be the talk of stock market on Wednesday 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, it paid a total of $2.43 per share. Last year's total dividend payments show that SOR has a trailing yield of 5.89% on the current share price of $41.27.

Intercorp Financial Services Inc (IFS) is also set to go ex-dividend tomorrow. The next dividend payment from IFS will amount to $0.95 per share. April 18 has been designated as the record date for this dividend, with the actual payout scheduled for April 29. In the previous year, IFS distributed a total of $1.18 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for IFS stands at 5.29% based on the current stock price of $22.32.

Graham Holdings Co. (GHC) will be paying out a dividend of $1.72 per share to shareholders holding their shares as of the close of the business hours on the record date of April 18. Over the past 12 months, GHC has paid out a total of $6.67 per share in dividends. Based on the total dividends paid out last year, GHC boasts an impressive trailing yield of 0.94% on the current share price of $709.93.

Crypto Market Highlights

• Bitcoin supply on exchanges to dry up in 9 months due to halving's 50% supply reduction.

• Internet Computer Protocol (ICP) to leverage advanced cryptography for decentralized finance on Bitcoin's base layer.

• South Korean won tops as the world's most-traded fiat against cryptocurrencies, surpassing the USD in Q1 2024.

• Puffer Finance secures $18 million in Series A funding to launch mainnet, leveraging Ethereum's Eigenlayer.

• Bitcoin Depot, a major Bitcoin ATM operator, unaffected by cryptocurrency price volatility.

• OKX launches Ethereum-based layer-2 network for lower fees and interoperability, following Coinbase's lead.

• Filecoin Foundation investigating the reported detention of Filecoin Liquid Staking team members, has legal representation in China.

Most Shorted Stocks

Lemonade Inc (LMND) was one of the most shorted stocks as of the latest short interest figures, with 33.06% 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 9.1. This represents a change of 720000 shares, which corresponds to a +4.52% increase in short interest. The total value of the shares held short is estimated to be around $267.06 million. The average daily volume stands at 1.83M shares, and the market capitalization of the company is $1.13B.

The Lucid Group Inc with the symbol LCID currently has a short interest of 29.73%. The short interest has changed by -2440000 shares. The days to cover ratio stands at 6.1. The estimated value of the shares held short is approximately $608.94 million. On an average day, 35.21M shares are traded, with the company's market capitalization totaling $5.57B.

For the stock ProKidney Corp (PROK), the current short interest is at 31.25%. This represents a significant short interest change of -630000 shares, corresponding to a short interest percentage decrease of -4.31%. The days needed to cover the short positions amount to 27.8. The approximate worth of the shares held short is $30.48 million.

The stock CHPT has a current short interest of 31.36%. The short interest percentage has experienced an increase of +9.84% while there was a change of 10360000 shares in short interest. The ratio indicating the time required to cover short positions is 7.8. Trading activity averages at 14.31M shares per day, while the company's market capitalization stands at $654.09M.

EV Stocks to Watch

According to our ST Score evaluation, Alphabet Inc (GOOG) emerges as a high-quality stock in the EV industry, attaining an impressive score of 54.0. The stock's profitability and Piotroski Score are strong. However, its value is weak. Additionally, it is neutral in terms of performance, growth, financial strength, stock sentiment, and forecast.

Our ST Score also classifies ST Microelectronics (STM) as a high-quality EV stock today, presenting a Score of 57.0. The stock has strong fundamentals in terms of valuation, profitability, and stock sentiment. However, it has weak growth. The performance, financial strength, Piotroski Score, and forecast are neutral.

Another stock in the category, Enersys (ENS) has the ST Score of 53.0, which means that the stock carries the potential for higher returns. The stock is strong in profitability, and Piotroski Score but weak in growth, and financial strength. Value, performance, stock sentiment, and forecast suggest a neutral outlook.

Hyliion Holdings Corporation (HYLN) stock has the ST Score of 47.0 which implies that the EV company has a high probability of beating the market. The stock's strengths lie in its growth, and financial strength, but its weaknesses are in its profitability, and Piotroski Score. However, it shows a neutral outlook in value, performance, stock sentiment, and forecast.

Niu Technologies ADR (NIU) currently has the ST Score of 52.0, which signifies a huge upward potential. The EV stock's strong point is its profitability, while its weak point is its Piotroski Score. The stock's value, performance, growth, financial strength, stock sentiment, and forecast indicate a neutral outlook.

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