Dear Readers,

Friday saw the S&P 500 on an upward trajectory, poised for a successful week, as traders speculated that a rising unemployment rate would pave the way for the Federal Reserve to initiate interest rate cuts.

The February employment report presented conflicting indicators regarding the Fed's potential rate adjustments. While job additions surpassed expectations at 275,000 compared to the anticipated 198,000, the unexpected uptick in the unemployment rate to 3.9% and subdued wage growth provided glimmers of hope that inflation may have moderated sufficiently to satisfy the Fed. Additionally, January's job growth data was revised downward. Treasury yields responded by retreating after the release of Friday's data.

As of 11:58 AM ET, the Dow was up 52.76 points, or 0.14%, at $38844.12. The Nasdaq Composite lost -137.375 points, or -0.7508%, at $18160.615. The S&P 500 declined -9.71 points, or -0.1883%, at $5147.65. Among the 11 major S&P 500 sectors, 6 showed positive movement, with Communication Services leading the way with a 0.93% increase.

Top Movers: Under $10

Safe and Green Development Corp (SGD) is up 233.84% today to trade at the current level of $2.20. This comes after the company announced an update on the Norman Berry Village property in Atlanta, GA.

Mira Pharmaceuticals Inc (MIRA) zoomed 37.38% in today’s trade to $1.30 after it provided investors with an interesting preclinical trial update.

In current trading, Velo3D Inc (VLD) stock is at $0.35 following an announcement from the company that Bechtel Plant Machinery Inc. (BPMI) has selected a fully integrated metal additive manufacturing solution from the company to produce parts for the U.S. Naval Nuclear Propulsion Program.

Lexaria Bioscience Corp (LEXX) rose 17.59% in the early hours of today's trading to move at $5.88 after announcing that it has hired a contract research organization ("CRO") to perform the Company's second DehydraTECH-powered glucagon-like peptide 1 ("GLP-1") human pilot study #2.

In the current trading session, Redfin Corp (RDFN) jumped 13.43% to $7.35 over a previous close of $6.48. The company recently announced the beta launch of Ask Redfin, a generative AI-powered virtual assistant that quickly answers homebuyers’ questions about for-sale homes.

Ex-Dividends Stocks

Hecla Mining Co. (HL) is about to trade ex-dividend Monday, meaning that investors who buy the stock after Monday will not be eligible for the next dividend payment. The company's next dividend payment will be $0.01 per share. It has fixed March 12 as the record date for the same and will pay the actual dividend on March 25. Last year, the company distributed a total of $0.02 to its shareholders. Based on the last year's worth of payments, HL has a trailing yield of 0.43% on the current stock price of $4.10.

Another stock that is shelling out dividends on Monday is Nordstrom, Inc. (JWN), having a market capitalization of $2.74B. It will pay a dividend of $0.19 per share, the payment date of which is March 27. Currently, the stock is trading at a trailing dividend yield of 4.50%.

Shares of AMKOR Technology Inc. (AMKR) will be the talk of stock market on Monday as the stock will turn ex-dividend. The company's next dividend payment will be $0.08 per share, and in the last 12 months, it paid a total of $0.23 per share. Last year's total dividend payments show that AMKR has a trailing yield of 0.64% on the current share price of $35.66.

Autoliv Inc. (ALV) is also set to go ex-dividend on Monday. The next dividend payment from ALV will amount to $0.68 per share. March 12 has been designated as the record date for this dividend, with the actual payout scheduled for March 27. In the previous year, ALV distributed a total of $2.00 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for ALV stands at 1.68% based on the current stock price of $118.95.

Golar Lng (GLNG) will be paying out a dividend of $0.25 per share to shareholders holding their shares as of the close of the business hours on the record date of March 12. Over the past 12 months, GLNG has paid out a total of $0.75 per share in dividends. Based on the total dividends paid out last year, GLNG boasts an impressive trailing yield of 3.53% on the current share price of $21.27.

Crypto Market Highlights

Most Shorted Stocks

The LifeStance Health Group Inc with the symbol LFST currently has a short interest of 30.95%. The short interest has changed by 640000 shares. The days to cover ratio stands at 22.9. The estimated value of the shares held short is approximately $191.62 million. On an average day, 1.38M shares are traded, with the company's market capitalization totaling $2.75B.

For the stock Maxeon Solar Technologies Ltd (MAXN), the current short interest is at 30.66%. This represents a significant short interest change of 690000 shares, corresponding to a short interest percentage increase of +7.78%. The days needed to cover the short positions amount to 3.8. The approximate worth of the shares held short is $35.66 million.

With the symbol ZYXI, the stock currently has a short interest of 30.37%. The short interest change is -40000 shares, compared with a short interest percentage change of -0.68%. It would take approximately 18.4 days to cover all the short positions. The shares short value is estimated to be around $123.99 million. The company boasts an average daily volume of 323.47K shares, contributing to a market capitalization of $439.68M.

The stock SAVA has a current short interest of 30.73%. The short interest percentage has experienced decrease of -3.45% while there was a change of -420000 shares in short interest. The ratio indicating the time required to cover short positions is 12.3. The calculated worth of the shorted shares amounts to around $110.2 million. Trading activity averages at 999.03K shares per day, while the company's market capitalization stands at $821.59M.

Prime Medicine Inc (PRME) was one of the most shorted stocks as of latest short interest figures, with 20.9% 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 11.38. This represents a change of -1235220 shares. The average daily volume stands at 669.78K shares, and the market capitalization of the company is $814.58M.

Energy Stocks to Watch

According to our ST Score evaluation, Imperial Petroleum Inc (IMPP) emerges as a high-quality stock in the Energy industry, attaining an impressive score of 63.0. The stock's valuation, profitability, financial strength, stock sentiment, and Piotroski Score are strong. Additionally, it is neutral in terms of performance, growth, and forecast.

Our ST Score also classifies Teekay Tankers Ltd (TNK) as a high-quality Energy stock today, presenting a Score of 68.0. The stock has strong fundamentals in terms of valuation, profitability, financial strength, stock sentiment, and Piotroski Score. However, it has weak growth. The performance, and forecast are neutral.

Another stock in the category, Teekay Corp (TK) has the ST Score of 67.0, which means that the stock carries the potential for higher returns. The stock is strong in valuation, financial strength, stock sentiment, and Piotroski Score. Profitability, performance, growth, and forecast suggest a neutral outlook.

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

Dorian LPG Ltd (LPG) currently has the ST Score of 72.0, which signifies a huge upward potential. The Energy stock's strong points are its valuation, profitability, growth, financial strength, stock sentiment, and Piotroski Score. The stock's performance, and forecast indicate a neutral outlook.

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