Dear Readers,

Tuesday saw an uptick in U.S. stocks after the release of the latest inflation update. 

As of 12:03 PM ET, the Dow was up 181.95 points, or 0.47%, at $38951.62. The Nasdaq Composite added 185.334 points, or 1.0324%, at $18137.025. The S&P 500 rose 42.26 points, or 0.83%, at $5160.19. Among the 11 major S&P 500 sectors, 8 showed positive movement, with Consumer Cyclical leading the way with a 0.73% increase.

Although consumer prices in the U.S. rose slightly more than anticipated last month according to the eagerly awaited inflation report, it dashed hopes of imminent interest rate cuts by the Federal Reserve at its upcoming meeting. Despite this, traders remain optimistic about a potential future rate cut in June, as the inflation figures were largely in line with expectations. 

Additionally, there is speculation that the actual inflation rate might not be as high as initially indicated in the morning's report, further fueling hopes for a rate cut.

Top Movers: Under $10

ClearOne Inc (CLRO) is up 114.29% today to trade at the current level of $1.94. This comes after the company announced a special dividend.

Regulus Therapeutics Inc (RGLS) zoomed 128.25% in today’s trade to $3.15 after announcing positive topline results from the second cohort of patients in its Phase 1b MAD study of RGLS8429 for the treatment of ADPKD.

In current trading, Li-Cycle Holdings Corp (LICY) stock is at $0.51 following the announcement of $75 million strategic investment from Glencore.

Ranpak Holdings Corp (PACK) rose 43.76% in the early hours of today's trading to move at $6.28 after reporting its fourth quarter and full year 2023 financial results.

In the current trading session, ATRenew Inc ADR (RERE) jumped 23.97% to $1.48 over a previous close of $1.19. The company announced US$20 million share repurchase program.

Ex-Dividends Stocks

Nasdaq Inc (NDAQ) 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 $0.22 per share. It has fixed March 18 as the record date for the same and will pay the actual dividend on March 28. Last year, the company distributed a total of $0.86 to its shareholders. Based on the last year's worth of payments, NDAQ has a trailing yield of 1.43% on the current stock price of $60.10.

Another stock that is shelling out dividends tomorrow is ADT Inc (ADT), having a market capitalization of $6.05B. It will pay a dividend of $0.06 per share, the payment date of which is April 04. Currently, the stock is trading at a trailing dividend yield of 2.13%.

Shares of First Majestic Silver Corporation (AG) will be the talk of stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.01 per share, and in the last 12 months, it paid a total of $0.02 per share. Last year's total dividend payments show that AG has a trailing yield of 0.29% on the current share price of $5.32.

LKQ Corp (LKQ) is also set to go ex-dividend tomorrow. The next dividend payment from LKQ will amount to $0.3 per share. March 14 has been designated as the record date for this dividend, with the actual payout scheduled for March 28. In the previous year, LKQ distributed a total of $1.12 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for LKQ stands at 2.16% based on the current stock price of $52.12.

NetEase Inc ADR (NTES) will be paying out a dividend of $1.08 per share to shareholders holding their shares as of the close of the business hours on the record date of March 14. Over the past 12 months, NTES has paid out a total of $1.49 per share in dividends. Based on the total dividends paid out last year, NTES boasts an impressive trailing yield of 1.37% on the current share price of $108.32.

Crypto Market Highlights

• Major financial institutions (Goldman Sachs, BNY Mellon, Cboe Global Markets) complete large-scale pilot test with blockchain technology.

• Relai app integrates with Blockstream's Greenlight, unlocking Lightning payment functionality for users.

• Grayscale files for registration of "mini" version of Grayscale Bitcoin Trust (GBTC) ETF under the ticker symbol "BTC."

• Starknet aims to double the cost reduction impact for rollups post-Ethereum's hard fork, Dencun, effective March 13.

• CoinShares completes acquisition of Valkyrie Funds, gaining sponsor rights to spot Bitcoin ETFs.

• Despite Binance's exit from Nigeria, two senior executives reportedly detained in Abuja.

• US President Joe Biden proposes a 30% tax on electricity used by crypto miners in the 2025 budget.

Most Shorted Stocks

B. Riley Financial Inc (RILY) was one of the most shorted stocks as of latest short interest figures, with 80.88% 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 8.9. This represents a change of 2040000 shares, which corresponds to a +18.01% increase in short interest. The total value of the shares held short is estimated to be around $271.01 million. The average daily volume stands at 1.54M shares, and the market capitalization of the company is $619.86M.

The Imperial Petroleum Inc with the symbol IMPP currently has a short interest of 75.56%. The short interest has changed by 30000 shares. The days to cover ratio stands at 6.5. The estimated value of the shares held short is approximately $14.01 million. On an average day, 691.86K shares are traded, with the company's market capitalization totaling $54.26M.

For the stock ZyVersa Therapeutics Inc (ZVSA), the current short interest is at 74.38%. This represents a significant short interest change of 1024600 shares, corresponding to a short interest percentage increase of +619.47%. The days needed to cover the short positions amount to 0.4. The approximate worth of the shares held short is $0.95 million.

With the symbol ATMU, the stock currently has a short interest of 44.92%. The short interest change is 2210000 shares, compared with a short interest percentage change of 44.20%. It would take approximately 9.8 days to cover all the short positions. The shares short value is estimated to be around $177.08 million. The company boasts an average daily volume of 1.50M shares, contributing to a market capitalization of $2.05B.

The stock HOLO has a current short interest of 63.74%. The short interest percentage has experienced increase of +1.13% while there was a change of 7900 shares in short interest. The ratio indicating the time required to cover short positions is 0.1. Trading activity averages at 6.34M shares per day, while the company's market capitalization stands at $37.60M.

EV Stocks to Watch

According to our ST Score evaluation, Aehr Test Systems (AEHR) emerges as a high-quality stock in the EV industry, attaining an impressive score of 62.0. The stock's profitability, growth, and financial strength are strong. Additionally, it is neutral in terms of value, performance, stock sentiment, Piotroski Score, and forecast.

Our ST Score also classifies Aptiv PLC (APTV) as a high-quality EV stock today, presenting a Score of 60.0. The stock has strong fundamentals in terms of profitability, stock sentiment, and Piotroski Score. The value, performance, growth, financial strength, and forecast are neutral.

Another stock in the category, NXP Semiconductors NV (NXPI) has the ST Score of 52.0, which means that the stock carries the potential for higher returns. The stock is strong in profitability, and stock sentiment but weak in growth, and financial strength. Value, performance, piotroski score, and forecast suggest a neutral outlook.

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

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

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