Dear Readers,

On Tuesday, U.S. stocks experienced a decline, continuing a trend of losses, particularly in the technology sector. 

As of 12:05 PM ET, the Dow was down -291.1562 points, or -0.7467%, at $38698.67. The Nasdaq Composite lost -318.1641 points, or -1.7456%, at $17908.318. The S&P 500 declined -46.8701 points, or -0.9135%, at $5084.08. Among the 11 major S&P 500 sectors, 8 showed negative movement, with Information Technology leading the way with a 1.47% decrease.

This comes as investors assess the recent surge to record levels, largely fueled by optimism surrounding artificial intelligence. Despite fluctuations during the day, the three major indexes remain notably up for the year. Additionally, bitcoin reached a new all-time high on Tuesday, marking its first such milestone in over two years.

Top Movers: Under $10

Airship AI Holdings Inc (AISP) is up 97.58% today to trade at the current level of $3.26. This comes after the company announced that it has been awarded a large contract to an agency within the Department of Justice (DOJ) for the Company’s Acropolis Enterprise Sensor Management video and data management platform supporting emerging public safety and investigative requirements.

Datasea Inc (DTSS) zoomed 43.07% in today’s trade to $8.06. The company issued guidance for expecting a revenue of approximately $86.0 million for the Company's full year ended June 30, 2024.

In current trading, CASI Pharmaceuticals Inc (CASI) stock is at $5.67 following the reports of positive interim phase 1 data For BI-1206 In the treatment Of Relapsed/Refractory indolent Non-Hodgkin's Lymphoma In China.

BioAffinity Technologies Inc (BIAF) rose 23.40% in the early hours of today's trading to move at $2.90 after the company reported accelerating sales growth of CyPath® Lung.

In the current trading session, Cardio Diagnostics Holdings Inc (CDIO) jumped 17.02% to $1.51 over a previous close of $1.29. The company announced issuance of a Second U.S. Patent for compositions and methods for detecting predisposition to Cardiovascular disease.

Ex-Dividends Stocks

Blackrock Inc. (BLK) 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 $5.1 per share. It has fixed March 07 as the record date for the same and will pay the actual dividend on March 22. Last year, the company distributed a total of $20.00 to its shareholders. Based on the last year's worth of payments, BLK has a trailing yield of 2.41% on the current stock price of $830.11.

Another stock that is shelling out dividends tomorrow is B2gold Corp (BTG), having a market capitalization of $3.43B. It will pay a dividend of $0.04 per share, the payment date of which is March 20. Currently, the stock is trading at a trailing dividend yield of 6.06%.

Shares of Home Depot, Inc. (HD) will be the talk of stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $2.25 per share, and in the last 12 months, it paid a total of $8.36 per share. Last year's total dividend payments show that HD has a trailing yield of 2.20% on the current share price of $379.36.

Chesapeake Energy Corp. (CHK) is also set to go ex-dividend tomorrow. The next dividend payment from CHK will amount to $0.58 per share. March 07 has been designated as the record date for this dividend, with the actual payout scheduled for March 26. In the previous year, CHK distributed a total of $2.25 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for CHK stands at 2.72% based on the current stock price of $82.58.

Mosaic Company (MOS) will be paying out a dividend of $0.21 per share to shareholders holding their shares as of the close of the business hours on the record date of March 07. Over the past 12 months, MOS has paid out a total of $0.60 per share in dividends. Based on the total dividends paid out last year, MOS boasts an impressive trailing yield of 1.89% on the current share price of $31.67.

Crypto Market Highlights

Most Shorted Stocks

Upstart Holdings Inc (UPST) was one of the most shorted stocks as of latest short interest figures, with 35.64% 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 2.6. This represents a change of -3250000 shares, which corresponds to a -10.97% decrease in short interest. The total value of the shares held short is estimated to be around $651.32 million. The average daily volume stands at 10.05M shares, and the market capitalization of the company is $2.13B.

The Luminar Technologies Inc with the symbol LAZR currently has a short interest of 22.52%. The short interest has changed by 10600000 shares. The days to cover ratio stands at 11.6. The estimated value of the shares held short is approximately $207.25 million. On an average day, 7.93M shares are traded, with the company's market capitalization totaling $920.47M.

For the stock BioXcel Therapeutics Inc (BTAI), the current short interest is at 35.19%. This represents a significant short interest change of 5000000 shares, corresponding to a short interest percentage increase of +203.25%. The days needed to cover the short positions amount to 4.9. The approximate worth of the shares held short is $22.45 million.

With the symbol CVNA, the stock currently has a short interest of 16.51%. The short interest change is -150000 shares, compared with a short interest percentage change of -0.45%. It would take approximately 3.8 days to cover all the short positions. The shares short value is estimated to be around $566.21 million. The company boasts an average daily volume of 8.75M shares, contributing to a market capitalization of $8.83B.

The stock DM has a current short interest of 33.83%. The short interest percentage has experienced decrease of -2.82% while there was a change of -2000000 shares in short interest. The ratio indicating the time required to cover short positions is 17.9. Trading activity averages at 3.96M shares per day, while the company's market capitalization stands at $176.92M.

EV Stocks to Watch

According to our ST Score evaluation, Toyota Motor Corporation ADR (TM) emerges as a high-quality stock in the EV industry, attaining an impressive score of 62.0. The stock's profitability, performance, stock sentiment, and Piotroski Score are strong. However, its growth, and financial strength are weak. Additionally, it is neutral in terms of value, and forecast.

Our ST Score also classifies Cirrus Logic, Inc. (CRUS) as a high-quality EV stock today, presenting a Score of 60.0. The stock has strong fundamentals in terms of profitability, performance, financial strength, and Piotroski Score. However, it has weak growth. The value, stock sentiment, and forecast are neutral.

Another stock in the category, General Motors Company (GM) has the ST Score of 58.0, which means that the stock carries the potential for higher returns. The stock is strong in valuation, profitability, performance, and stock sentiment but weak in growth, and financial strength. Piotroski score, and forecast suggest a neutral outlook.

Ford Motor Co. (F) stock has the ST Score of 58.0 which implies that the EV company has a high probability of beating the market. The stock's strengths lie in its valuation, profitability, performance, and stock sentiment, but its weaknesses are in its growth, and financial strength. However, it shows neutral outlook in Piotroski Score, and forecast.

BorgWarner Inc (BWA) currently has the ST Score of 57.0, which signifies a huge upward potential. The EV stock's strong points are its valuation, profitability, stock sentiment, and Piotroski Score, while its weak points are its performance, and growth. The stock's financial strength, and forecast indicate a neutral outlook.

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