Dear Readers,

On Monday, the Dow Jones Industrial Average declined as traders paused after a rally that pushed major U.S. stock benchmarks to new highs.

This week, investors will focus on Federal Reserve Chair Jerome Powell's speeches to Congress on Wednesday and Thursday, seeking hints about future interest rate changes. Additionally, the release of the ADP Employment Survey, January job openings data, and manufacturing and nonfarm payrolls data for February will offer further insights into the labor market.

As of 12:05 PM ET, the Dow was down -75.89 points, or -0.1942%, at $39011.5. The Nasdaq Composite lost -23.7344 points, or -0.1297%, at $18279.176. The S&P 500 declined -2.2603 points, or -0.044%, at $5134.82. Among the 11 major S&P 500 sectors, 8 showed positive movement, with Utilities leading the way with a 0.98% increase.

Top Movers: Under $10

Bloomin Brands Inc (BLMN) 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 $0.24 per share. It has fixed March 06 as the record date for the same and will pay the actual dividend on March 20. Last year, the company distributed a total of $0.72 to its shareholders. Based on the last year's worth of payments, BLMN has a trailing yield of 2.53% on the current stock price of $28.50.

Another stock that is shelling out dividends tomorrow is Cigna Group (CI), having a market capitalization of $98.50B. It will pay a dividend of $1.4 per share, the payment date of which is March 21. Currently, the stock is trading at a trailing dividend yield of 1.46%.

Shares of Halliburton Co. (HAL) will be the talk of stock market on Tuesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.17 per share, and in the last 12 months, it paid a total of $0.48 per share. Last year's total dividend payments show that HAL has a trailing yield of 1.36% on the current share price of $35.28.

Kinross Gold Corp. (KGC) is also set to go ex-dividend tomorrow. The next dividend payment from KGC will amount to $0.03 per share. March 06 has been designated as the record date for this dividend, with the actual payout scheduled for March 21. In the previous year, KGC distributed a total of $0.12 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for KGC stands at 2.28% based on the current stock price of $5.26.

NVIDIA Corp (NVDA) will be paying out a dividend of $0.04 per share to shareholders holding their shares as of the close of the business hours on the record date of March 06. Over the past 12 months, NVDA has paid out a total of $0.16 per share in dividends. Based on the total dividends paid out last year, NVDA boasts an impressive trailing yield of 0.02% on the current share price of $853.12.

Ex-Dividends Stocks

Bloomin Brands Inc (BLMN) 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 $0.24 per share. The company has fixed March 06 as the record date for the same and will pay the actual dividend on March 20. Last year, the company distributed a total of $0.72 to its shareholders. Based on the last year's worth of payments, BLMN has a trailing yield of 2.52% on the current stock price of $28.56.

Another stock that is shelling out dividends tomorrow is Cigna Group (CI), having a market capitalization of $98.03B. It will pay a dividend of $1.4 per share, the payment date of which is March 21. Currently, the stock is trading at a trailing dividend yield of 1.47%.

Shares of Halliburton Co. (HAL) will be the talk of stock market on Tuesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.17 per share, and in the last 12 months, the company paid a total of $0.48 per share. Last year's total dividend payments show that HAL has a trailing yield of 1.36% on the current share price of $35.28.

Tomorrow, Kinross Gold Corp. (KGC) is also set to go ex-dividend tomorrow. The next dividend payment from KGC will amount to $0.03 per share. March 06 has been designated as the record date for this dividend, with the actual payout scheduled for March 21. In the previous year, KGC distributed a total of $0.12 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for KGC stands at 2.30% based on the current stock price of $5.22.

NVIDIA Corp (NVDA) will be paying out a dividend of $0.04 per share to shareholders holding their shares as of the close of the business hours on the record date of March 06. Over the past 12 months, NVDA has paid out a total of $0.16 per share in dividends. Based on the total dividends paid out last year, NVDA boasts an impressive trailing yield of 0.02% on the current share price of $852.81.

Crypto Market Highlights

Most Shorted Stocks

Digital Brands Group Inc (DBGI) was one of the most shorted stocks as of latest short interest figures, with 39.19% 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 0.2. This represents a change of 278700 shares, which corresponds to a +1,067.82% increase in short interest. The total value of the shares held short is estimated to be around $1.21 million. The average daily volume stands at 1.30M shares, and the market capitalization of the company is $3.41M.

The Beyond Meat Inc with the symbol BYND currently has a short interest of 37.87%. The short interest has changed by -230000 shares. The days to cover ratio stands at 7.8. The estimated value of the shares held short is approximately $202.85 million. On an average day, 4.13M shares are traded, with the company's market capitalization totaling $566.01M.

For the stock Cutera Inc (CUTR), the current short interest is at 35.56%. This represents a significant short interest change of 140000 shares, corresponding to a short interest percentage increase of +2.01%. The days needed to cover the short positions amount to 4.0. The approximate worth of the shares held short is $15.6 million.

With the symbol PHAT, the stock currently has a short interest of 36.30%. The short interest change is 620000 shares, compared with a short interest percentage change of +7.18%. It would take approximately 13.2 days to cover all the short positions. The shares short value is estimated to be around $73.38 million. The company boasts an average daily volume of 762.77K shares, contributing to a market capitalization of $592.54M.

The stock IBRX has a current short interest of 36.07%. The short interest percentage has experienced increase of +7.31% while there was a change of 3210000 shares in short interest. The ratio indicating the time required to cover short positions is 11.4. The calculated worth of the shorted shares amounts to around $45.14 million. Trading activity averages at 4.22M shares per day, while the company's market capitalization stands at $3.26B.

Upcoming IPOs

Ryde Group Ltd (RYDE) is all set for its debut on the NYSEAMERICAN exchange on March 04. They are offering shares in the price range of $4.00 to $5.00. With a total of 3,000,000 shares available, the company aims to raise approximately $13.50M through this IPO.

NYIAX, Inc. (NYX) will be entering the market with its IPO on March 06, on the NASDAQ exchange. The shares will be offered at a fixed price of $4.00 per share. They plan to offer 2,106,250 shares, targeting a deal size of $8.43M.

Intelligent Group Limited (INTJ) is also scheduled to make its debut on the NASDAQ exchange on March 06. They are offering shares in the price range of $4.00 to $5.00. The IPO includes 2,000,000 shares, aiming for a deal size of $9.00M.

Amphitrite Digital Incorporated (AMDI) is set to join the NASDAQ on March 06. They are offering shares in the price range of $3.50 to $4.50. They are offering 1,750,000 shares, with an estimated deal size of $7.00M.

Metros Development Co., Ltd. (MTRS) is poised for its market debut on the NASDAQ exchange on March 08. The company has set the share price at a range of $8.00 to $9.00, planning to release a total of 1,000,000 shares for trading. With this initial public offering, Metros Development Co., Ltd. aims to generate approximately $8.50M in funds.

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