Dear Readers,

On Tuesday, the Dow Jones Industrial Average retreated as investors faced challenges in finding positive momentum prior to the upcoming release of crucial U.S. inflation data. 

The March consumer price index report is scheduled for release on Wednesday at 8:30 a.m. ET. According to economists surveyed by Dow Jones, inflation is anticipated to have risen by 0.3% in March compared to the previous month. 

Additionally, the benchmark 10-year Treasury note yield declined to 4.38% after surpassing 4.4% in the previous session.

As of 11:51 AM ET, the Dow was down -159.8125 points, or -0.4109%, at $38732.99. The Nasdaq Composite lost -23.7949 points, or -0.1315%, at $18076.396. The S&P 500 declined -16.21 points, or -0.3116%, at $5186.18. Among the 11 major S&P 500 sectors, 8 showed negative movement, with Financials leading the way with a -0.81% decrease.

Top Movers: Under $10

Laser Photonics Corp (LASE) is up 139.85% today to trade at the current level of $3.43. This comes after the company revealed an order from L3Harris Technologies (LHX).

Acrivon Therapeutics Inc (ACRV) zoomed 64.81% in today’s trade to $9.74. The company announced $130 million in private placement financing.

In current trading, Selina Hospitality PLC. (SLNA) stock is at $0.06 following an announcement from the company that its management team reaffirms its confidence in its strategy as reflected in recent increased equity levels of members of its executive team.

OppFi Inc (OPFI) rose 22.23% in the early hours of today's trading to move at $3.13 after announcing that its Board of Directors (the “Board”) has declared a $0.12 per share special dividend to be payable on May 1, 2024 to holders of record of the Company’s Class A common stock as of the close of business on April 19, 2024.

In the current trading session, Rail Vision Ltd (RVSN) jumped 10.22% to $1.73 over a previous close of $1.57 after announcing its latest achievement: securing an order for its innovative AI-powered Switch Yard System from a Class 1 freight rail company in North America.

Ex-Dividends Stocks

Accenture plc (ACN) 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 $1.29 per share. It has fixed April 11 as the record date for the same and will pay the actual dividend on May 15. Last year, the company distributed a total of $4.82 to its shareholders. Based on the last year's worth of payments, ACN has a trailing yield of 1.46% on the current stock price of $330.52.

Another stock that is shelling out dividends tomorrow is Futurefuel Corp (FF), having a market capitalization of $355.10M. It will pay a dividend of $0.06 per share, the payment date of which is June 18. Currently, the stock is trading at a trailing dividend yield of 2.96%.

Shares of Global Net Lease Inc (GNL) will be the talk of the stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.28 per share, and in the last 12 months, it paid a total of $1.51 per share. Last year's total dividend payments show that GNL has a trailing yield of 19.74% on the current share price of $7.64.

Johnson Outdoors Inc (JOUT) is also set to go ex-dividend tomorrow. The next dividend payment from JOUT will amount to $0.33 per share. April 11 has been designated as the record date for this dividend, with the actual payout scheduled for April 25. In the previous year, JOUT distributed a total of $1.28 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for JOUT stands at 2.83% based on the current stock price of $45.19.

Riverview Bancorp, Inc. (RVSB) will be paying out a dividend of $0.06 per share to shareholders holding their shares as of the close of the business hours on the record date of April 11. Over the past 12 months, RVSB has paid out a total of $0.18 per share in dividends. Based on the total dividends paid out last year, RVSB boasts an impressive trailing yield of 3.88% on the current share price of $4.64.

Crypto Market Highlights

• Steven Nerayoff files lawsuit against US government for false charges and mistreatment

• Deutsche Bank survey: Consumer skepticism about Bitcoin falls slightly

• Worldcoin adds new features for data protection and age verification

• Crypto.com’s Dubai entity gains full operational approval from Dubai’s VARA

• Japanese firm Metaplanet buys $6.5 million worth of Bitcoin as treasury asset

• Solana blockchain congestion delays crypto project launches

• BitMEX co-founder Ben Delo faces class-action lawsuit for alleged price manipulation

Most Shorted Stocks

Kohl's Corp. (KSS) was one of the most shorted stocks as of latest short interest figures, with 31.97% 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 6.7. This represents a change of 7050000 shares, which corresponds to a +25.44% increase in short interest. The total value of the shares held short is estimated to be around $865.52 million. The average daily volume stands at 5.33M shares, and the market capitalization of the company is $2.76B.

The Enovix Corporation with the symbol ENVX currently has a short interest of 28.02%. The short interest has changed by 2080000 shares. The days to cover ratio stands at 8.6. The estimated value of the shares held short is approximately $297.06 million. On an average day, 4.32M shares are traded, with the company's market capitalization totaling $1.29B.

For the stock Symbotic Inc (SYM), the current short interest is at 27.13%. This represents a significant short interest change of 110000 shares, corresponding to a short interest percentage increase of +1.60%. The days needed to cover the short positions amount to 4.6. The approximate worth of the shares held short is $314.51 million.

The stock STEM has a current short interest of 26.80%. The short interest percentage has experienced a decrease of -1.02% while there was a change of -400000 shares in short interest. The ratio indicating the time required to cover short positions is 8.0. Trading activity averages at 4.98M shares per day, while the company's market capitalization stands at $318.70M.

EV Stocks to Watch

According to our ST Score evaluation, Aptiv PLC (APTV) emerges as a high-quality stock in the EV industry, attaining an impressive score of 58.0. The stock's profitability, stock sentiment, and Piotroski Score are strong. Additionally, it is neutral in terms of value, performance, growth, financial strength, and forecast.

Our ST Score also classifies General Motors Company (GM) as a high-quality EV stock today, presenting a Score of 49.0. The stock has strong fundamentals in terms of valuation, and profitability. However, it has weak growth and financial strength. The performance, stock sentiment, Piotroski Score, and forecast are neutral.

Another stock in the category, Ford Motor Co. (F) has the ST Score of 49.0, which means that the stock carries the potential for higher returns. The stock is strong in valuation, and profitability but weak in growth, and financial strength. Performance, stock sentiment, piotroski score, and forecast suggest a neutral outlook.

BorgWarner Inc (BWA) stock has the ST Score of 56.0 which implies that the EV company has a high probability of beating the market. The stock's strengths lie in its profitability, stock sentiment, and Piotroski Score, but its weaknesses are in its growth. However, it shows a neutral outlook in value, performance, financial strength, and forecast.

NXP Semiconductors NV (NXPI) currently has the ST Score of 49.0, which signifies a huge upward potential. The EV stock's strong points are its profitability, and stock sentiment, while its weak points are its growth, and financial strength. The stock's value, performance, Piotroski Score, and forecast indicate a neutral outlook.

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