Dear Readers,

Stocks climbed on Monday, with Nvidia leading the way, as investors awaited a significant artificial intelligence conference and looked forward to monetary policy insights from the Federal Reserve later in the week.

Market participants are eagerly anticipating the Federal Reserve's policy meeting, which begins on Tuesday and concludes with an announcement on Wednesday. According to the CME FedWatch Tool, there's a 99% probability that the Fed will maintain benchmark interest rates this week. However, the likelihood of a rate cut in June has slightly decreased to around 55% in recent days.

Equities faced pressure and anxiety following a February core and wholesale inflation report that exceeded expectations, leading to concerns that the central bank might lean towards keeping interest rates higher for an extended period before the policy meeting.

As of 11:49 AM ET, the Dow was up 165.92 points, or 0.4286%, at $38880.7. The Nasdaq Composite added 235.7949 points, or 1.3241%, at $18044.045. The S&P 500 rose 46 points, or 0.8989%, at $5163.1. Among the 11 major S&P 500 sectors, 8 showed positive movement, with Communication Services leading the way with a 0.55% increase.

Top Movers: Under $10

Canoo Inc (GOEV) is up 65.92% today to trade at the current level of $3.22. This comes after announcing that the U.S. Department of Commerce has approved its Oklahoma City facility as a Foreign Trade Zone (FTZ).

Verb Technology Company Inc (VERB) zoomed 20.62% in today’s trade to $0.53.The company’s MARKET.live added 100 more retail brands to its Livestream social shopping platform.

In current trading, Wearable Devices Ltd (WLDS) stock is at $0.56 following the publication of a comprehensive report by its XR team reviewing the latest developments in the wearable technology market, focusing on extended reality (XR).

NRX Pharmaceuticals Inc (NRXP) rose 23.05% in the early hours of today's trading to move at $0.56. The company announced that its Board of Directors has authorized its Chairman and management to take all necessary steps to affect a Dividend of HOPE Therapeutics stock along with a royalty right of 1% of Ketamine sales to NRXP Shareholders and applicable warrant holders.

In the current trading session, Genius Group Ltd (GNS) jumped 29.22% to $0.54 over a previous close of $0.42 after releasing additional details of FatBrain AI Transaction.

Ex-Dividends Stocks

Kohl's Corp. (KSS) 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 $0.5 per share. It has fixed March 20 as the record date for the same and will pay the actual dividend on April 03. Last year, the company distributed a total of $1.50 to its shareholders. Based on the last year's worth of payments, KSS has a trailing yield of 5.99% on the current stock price of $25.03.

Another stock that is shelling out dividends tomorrow is Vistra Corp (VST), having a market capitalization of $21.56B. It will pay a dividend of $0.21 per share, the payment date of which is March 29. Currently, the stock is trading at a trailing dividend yield of 1.32%.

Shares of Nordic American Tankers Ltd (NAT) will be the talk of the stock market on Tuesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.12 per share, and in the last 12 months, it paid a total of $0.34 per share. Last year's total dividend payments show that NAT has a trailing yield of 8.43% on the current share price of $4.03.

Tomorrow, Main Street Capital Corporation (MAIN) is also set to go ex-dividend tomorrow. The next dividend payment from MAIN will amount to $0.3 per share. March 20 has been designated as the record date for this dividend, with the actual payout scheduled for March 27. In the previous year, MAIN distributed a total of $2.76 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for MAIN stands at 5.96% based on the current stock price of $46.36.

Allient Inc (ALNT) will be paying out a dividend of $0.03 per share to shareholders holding their shares as of the close of the business hours on the record date of March 20. Over the past 12 months, ALNT has paid out a total of $0.11 per share in dividends. Based on the total dividends paid out last year, ALNT boasts an impressive trailing yield of 0.35% on the current share price of $32.70.

Crypto Market Highlights

• Solana memecoin NFT collection "Milady's Novel" attracts 91,486 SOL ($18.7M) in just two hours of presale announcement.

• Coti to distribute $10M worth of Coti v2 tokens via airdrop to COTI token holders; Coti v2 focuses on privacy-centric layer-2 protocol on Ethereum for secure data transmission in Web3 applications.

• Worldcoin issues new statements on operations and compliance amidst legal ambiguity in Spain; the project addresses global digital identity and cryptocurrency.

• Binance offers $100K to $5M reward for reports on potential insider trading or corruption within the exchange.

• Arbitrum token holders transfer assets to exchanges post-unlocking of vested tokens on March 16.

• IMF urges Pakistan to levy Capital Gains Tax on cryptocurrency investments for qualification in $3B bailout funds, requests action from Federal Board of Revenue (FBR).

Most Shorted Stocks

ZyVersa Therapeutics Inc (ZVSA) was one of the most shorted stocks as of latest short interest figures, with 74.38% 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 0.4. This represents a change of 1024600 shares, which corresponds to a +619.47% increase in short interest. The total value of the shares held short is estimated to be around $1.05 million. The average daily volume stands at 2.77M shares, and the market capitalization of the company is $1.45M.

The Volcon Inc with the symbol VLCN currently has a short interest of 47.95%. The short interest has changed by -41100 shares. The days to cover ratio stands at 0.0. The estimated value of the shares held short is approximately $84980.0. On an average day, 3.97M shares are traded, with the company's market capitalization totaling $0.20M.

For the stock Novavax, Inc. (NVAX), the current short interest is at 37.68%. This represents a significant short interest change of -2090000 shares, corresponding to a short interest percentage decrease of -3.81%. The days needed to cover the short positions amount to 5.5. The approximate worth of the shares held short is $277.41 million.

With the symbol IBRX, the stock currently has a short interest of 39.44%. The short interest change is 4410000 shares, compared with a short interest percentage change of +9.36%. It would take approximately 12.2 days to cover all the short positions. The shares short value is estimated to be around $270.03 million. The company boasts an average daily volume of 3.96M shares, contributing to a market capitalization of $3.42B.

The stock TRUP has a current short interest of 38.78%. The short interest percentage has experienced a decrease of -5.93% while there was a change of -790000 shares in short interest. The ratio indicating the time required to cover short positions is 16.4. The calculated worth of the shorted shares amounts to around $1.41 billion. Trading activity averages at 717.11K shares per day, while the company's market capitalization stands at $1.15B.

Upcoming IPOs

Auna S.A. (AUNA) is all set for its debut on the NYSE exchange on March 22. The shares will be offered at a price range of $13.00 to $15.00 per share. With a total of 30,000,000 shares available, the company aims to raise approximately $420.00M through this IPO.

CDT Environmental Technology (CDTG) will be entering the market with its IPO on March 22, on the NASDAQ exchange. They are offering shares in the price range of $4.00 to $5.00. They plan to offer 2,000,000 shares, targeting a deal size of $9.00M.

Astera Labs, Inc. (ALAB) is also scheduled to make its debut on the NASDAQ exchange on March 20. They are offering shares in the price range of $27.00 to $30.00. The IPO includes 17,800,000 shares, aiming for a deal size of $507.30M.

Reddit, Inc. (RDDT) is set to join the NYSE on March 21. They are offering shares in the price range of $31.00 to $34.00. They are offering 22,000,000 shares, with an estimated deal size of $715.00M.

Mobile-health Network Solutions (MNDR) is poised to enter the market with its IPO on March 27, debuting on the NASDAQ. The company has set the offering price at $4.00 to $5.00 per share. With 2,250,000 shares up for grabs, MNDR aims to secure approximately $10.13M in funds through this initial public offering.

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