Dear Readers,

On Wednesday, U.S. stocks dipped for the third consecutive day, with traders anticipating Nvidia's upcoming quarterly earnings report. 

As of 11:43 AM ET, the Dow was down -64.4219 points, or -0.1671%, at $38499.38. The Nasdaq Composite lost -124.498 points, or -0.7095%, at $17421.598. The S&P 500 declined -9.0396 points, or -0.1817%, at $4966.47. Among the 11 major S&P 500 sectors, 8 showed positive movement, with Energy leading the way with a 1.02% increase.

Additionally, Palo Alto Networks saw a significant decrease of over 26% following a reduction in its full-year revenue forecast, while SolarEdge Technologies experienced a drop of around 15% due to disappointing first-quarter guidance. 

Investors will also be watching for insights from the Federal Reserve's January meeting minutes regarding the central bank's stance on interest rates, particularly following the release of stronger-than-expected economic data the previous week.

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Top Movers: Under $10

Motus GI Holdings Inc (MOTS) is up 54.85% today to trade at the current level of $1.01. This comes after the company announced that the USPTO has issued the Company a new patent (patent # 11904085) titled, “Colon Cleaning System with Automatic Self-Purging Feature.”

Sound Group Inc ADR (SOGP) zoomed 74.26% in today’s trade to $5.01 after announcing that it has launched new AI-powered applications for the international market.

In current trading, Emergent Biosolutions Inc (EBS) stock is at $2.75 following news that the company’s BOD has appointed Joseph C. Papa as president and CEO, effective February 21, 2024.

Origin Agritech Ltd. (SEED) rose 18.69% in the early hours of today's trading to move at $2.73. The company announced financial results for the year ended September 30, 2023.

In the current trading session, Evogene Ltd (EVGN) jumped 20.07% to $0.91 over a previous close of $0.76 after its subsidiary AgPlenus Ltd.announced the signing of a licensing & collaboration agreement with Bayer AG.

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Ex-Dividends Stocks

Astrazeneca plc ADR (AZN) 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 $0.98 per share. The company has fixed February 23 as the record date for the same and will pay the actual dividend on March 25. Last year, the company distributed a total of $1.45 to its shareholders. Based on the last year's worth of payments, AZN has a trailing yield of 2.25% on the current stock price of $64.47.

Another stock that is shelling out dividends tomorrow is Welltower Inc. (WELL), having a market capitalization of $53.18B. It will pay a dividend of $0.61 per share, the payment date of which is March 07. Currently, the stock is trading at a trailing dividend yield of 2.61%.

Shares of Unilever plc ADR (UL) will be the talk of stock market on Thursday as the stock will turn ex-dividend. The company's next dividend payment will be $0.45 per share, and in the last 12 months, the company paid a total of $1.86 per share. Last year's total dividend payments show that UL has a trailing yield of 3.63% on the current share price of $51.11.

WaFd Inc (WAFD) is also set to go ex-dividend tomorrow. The next dividend payment from WAFD will amount to $0.26 per share. February 23 has been designated as the record date for this dividend, with the actual payout scheduled for March 08. In the previous year, WAFD distributed a total of $1.00 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for WAFD stands at 3.54% based on the current stock price of $28.26.

Cabot Corp. (CBT) 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 February 23. Over the past 12 months, CBT has paid out a total of $1.57 per share in dividends. Based on the total dividends paid out last year, CBT boasts an impressive trailing yield of 1.92% on the current share price of $81.58.

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Most Shorted Stocks

Childrens Place Inc (PLCE) was one of the most shorted stocks as of latest short interest figures, with 17.84% 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 -50000 shares, which corresponds to a -2.35% decrease in short interest. The total value of the shares held short is estimated to be around $47.53 million. The average daily volume stands at 1.32M shares, and the market capitalization of the company is $285.23M.

The Maison Solutions Inc. with the symbol MSS currently has a short interest of 42.67%. The short interest has changed by -64800 shares. The days to cover ratio stands at 0.3. The estimated value of the shares held short is approximately $0.48 million. On an average day, 906.91K shares are traded, with the company's market capitalization totaling $23.67M.

For the stock Bridger Aerospace Group Holdings Inc (BAER), the current short interest is at 6.96%. This represents a significant short interest change of -14400 shares, corresponding to a short interest percentage decrease of -5.98%. The days needed to cover the short positions amount to 8.8. The approximate worth of the shares held short is $1.2 million.

With the symbol ULCC, the stock currently has a short interest of 36.06%. The short interest change is -310000 shares, compared with a short interest percentage change of -2.16%. It would take approximately 4.9 days to cover all the short positions. The shares short value is estimated to be around $1.69 million. The company boasts an average daily volume of 2.94M shares, contributing to a market capitalization of $1.65B.

The stock ABR has a current short interest of 33.90%. The short interest percentage has experienced increase of +15.74% while there was a change of 8690000 shares in short interest. The ratio indicating the time required to cover short positions is 12.4. The calculated worth of the shorted shares amounts to around $187.29 million. Trading activity averages at 5.50M shares per day, while the company's market capitalization stands at $2.51B.

AI Stocks to Watch

According to our ST Score evaluation, Meta Platforms Inc (META) emerges as a high-quality stock in the AI industry, attaining an impressive score of 59.0. The stock's profitability, performance, stock sentiment, and Piotroski Score are strong. However, its value, and financial strength are weak. Additionally, it is neutral in terms of growth, and forecast.

Our ST Score also classifies Alibaba Group Holding Ltd ADR (BABA) as a high-quality AI stock today, presenting a Score of 57.0. The stock has strong fundamentals in terms of profitability, stock sentiment, and Piotroski Score. However, it has weak performance, and growth. The value, financial strength, and forecast are neutral.

Another stock in the category, Advanced Micro Devices Inc. (AMD) has the ST Score of 58.0, which means that the stock carries the potential for higher returns. The stock is strong in performance, growth, financial strength, stock sentiment, and Piotroski Score but weak in value, and profitability. Forecast suggest a neutral outlook.

Broadcom Inc (AVGO) stock has the ST Score of 57.0 which implies that the AI company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, stock sentiment, and Piotroski Score, but its weaknesses are in its value, and financial strength. However, it shows neutral outlook in growth, and forecast.

Adobe Inc (ADBE) currently has the ST Score of 56.0, 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. The stock's performance, growth, financial strength, and forecast indicate a neutral outlook.