Market Recap: AI Stars & $10 Stocks Heating Up

Good Evening Traders!

Stocks edged lower on Wednesday, pressured by declines in tech shares, as traders remained concerned about the uncertainty surrounding tariffs.

As of 11:25 AM ET, the Dow was up 62.26 points, or 0.14619%, at $42649.76. The Nasdaq Composite lost -208.416 points, or -1.0273%, at $20079.41. The S&P 500 declined -29.38 points, or -0.5086%, at $5747.27. Among the 11 major S&P 500 sectors, 7 showed negative movement, with Consumer Cyclical leading the way with a 0.88% decrease.

Investors are closely monitoring potential signs of rising inflation and an economic slowdown, especially with President Donald Trump’s April 2 deadline for reciprocal tariffs fast approaching.

Top Movers: Under $10

Surgepays Inc (SURG) is up 72.46% today to trade at the current level of $2.38. This comes after the company reported 2024 financial results and issued revenue guidance of over $200 million in the next 12 months.

Beeline Holdings Inc (BLNE) zoomed 22.65% in today’s trade to $2.31 after announcing that Chief Executive Officer and Co-Founder, Nick Liuzza, has invested an additional $900,000 into the company's ongoing Series G convertible equity offering.

In current trading, Playtika Holding Corp (PLTK) stock is at $5.38 after Bank of America upgraded the stock to Buy, raising its price target to $6.50, a 48% upside, citing strong free cash flow and growth potential.

VivoPower International PLC (VVPR) rose 86.68% in the early hours of today's trading to move at $4.22 after announcing advanced negotiations with Energi Holdings Limited regarding an unsolicited non-binding takeover proposal from the Abu Dhabi-based energy solutions company.

In the current trading session, OSR Holdings Inc (OSRH) jumped 94.86% to $3.12 over a previous close of $1.60 after its subsidiary Vaximm AG announced positive final data from its Phase 2a clinical trial of VXM01, an investigational oral vaccine for recurrent glioblastoma.

Ex-Dividends Stocks

BRT Apartments Corp (BRT) 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 $0.25 per share. It has fixed March 27 as the record date for the same and will pay the actual dividend on April 04. Last year, the company distributed a total of $1.00 to its shareholders. Based on last year's payments, BRT has a trailing yield of 5.54%, compared to the current stock price of $18.06.

Shares of Prospect Capital Corp (PSEC) will be the talk of the stock market on Thursday as the stock will turn ex-dividend. The company's next dividend payment will be $0.04 per share, and in the last 12 months, it paid a total of $0.66 per share. Last year's total dividend payments show that PSEC has a trailing yield of 15.54% on the current share price of $4.25.

Terreno Realty Corp (TRNO) is also set to go ex-dividend tomorrow. The next dividend payment from TRNO will amount to $0.49 per share. March 27 has been designated as the record date for this dividend, with the actual payout scheduled for April 04. In the previous year, TRNO distributed a total of $1.71 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for TRNO stands at 2.67% based on the current stock price of $63.99.

Seanergy Maritime Holdings Corp (SHIP) will be paying out a dividend of $0.1 per share to shareholders holding their shares as of the close of the business hours on the record date of March 27. Over the past 12 months, SHIP has paid out a total of $0.56 per share in dividends. Based on the total dividends paid out last year, SHIP boasts an impressive trailing yield of 8.01% on the current share price of $6.99.

Crypto Market Highlights

• Celo, the blockchain network launched in 2020, has transitioned from a layer-1 chain to an Ethereum layer-2 protocol.

• Bitso Business, the Mexican crypto exchange's arm, will launch a Mexican peso-pegged stablecoin on the Ethereum layer-2 network Arbitrum.

• Canadian YouTube alternative Rumble has launched a wallet supporting Tether’s USDT stablecoin.

• Polymarket, the world’s largest decentralized prediction market, faces criticism over a controversial outcome that raised concerns about governance manipulation in a political bet.

• North Carolina lawmakers have introduced bills in the House and Senate to potentially allocate up to 5% of state retirement funds into cryptocurrencies like Bitcoin.

 Most Shorted Stocks

The NewGenIvf Group Ltd with the symbol NIVF currently has a short interest of 79.01%. The short interest has changed by 67500 shares. The days to cover ratio stands at 0.2. The estimated value of the shares held short is approximately $0.19 million. On an average day, 1.22M shares are traded, with the company's market capitalization totaling $1.72M.

For the stock Childrens Place Inc (PLCE), the current short interest is at 20.25%. This represents a significant short interest change of -20000 shares, corresponding to a short interest percentage decrease of -0.77%. The days needed to cover the short positions amount to 6.5. The approximate worth of the shares held short is $22.46 million.

With the symbol RNAZ, the stock currently has a short interest of 81.84%. The short interest change is 378000 shares, compared with a short interest percentage change of +232.04%. It would take approximately 0.3 days to cover all the short positions. The shares short value is estimated to be around $1.68 million. The company boasts an average daily volume of 6.53M shares, contributing to a market capitalization of $0.45M.

The stock MULN has a current short interest of 51.87%. The short interest percentage has experienced an increase of +565.07% while there was a change of 943100 shares in short interest. The ratio indicating the time required to cover short positions is 0.5. The calculated worth of the shorted shares amounts to around $0.11 million. Trading activity averages at 10.87M shares per day, while the company's market capitalization stands at $0.78M.

AI Stocks to Watch

According to our ST Score evaluation, Advanced Micro Devices Inc (AMD) emerges as a high-quality stock in the AI industry, attaining an impressive score of 53. The stock's growth, and Piotroski Score are strong. Additionally, it is neutral in terms of profitability, performance, financial strength, stock sentiment, and forecast.

Our ST Score also classifies Sap SE ADR (SAP) as a high-quality AI stock today, presenting a Score of 53. The stock has strong fundamentals in terms of profitability, performance, and Piotroski Score. However, it has weak growth and financial strength. The stock sentiment, and forecast are neutral.

Another stock in the category, DocuSign Inc (DOCU) has the ST Score of 51, which means that the stock carries the potential for higher returns. The stock is strong in profitability, performance, and Piotroski Score but weak in growth, and financial strength. Stock sentiment, and forecast suggest a neutral outlook.

Vertiv Holdings Co (VRT) stock has the ST Score of 51 which implies that the AI company has a high probability of beating the market. The stock's strengths lie in its profitability, performance, and Piotroski Score, but its weaknesses are in its financial strength. However, it shows a neutral outlook in growth, stock sentiment, and forecast.

Arista Networks Inc (ANET) currently has the ST Score of 50, which signifies a huge upward potential. The AI stock's strong points are its profitability, and financial strength. The stock's performance, growth, stock sentiment, Piotroski Score, and forecast indicate a neutral outlook.

That's it for today. Thanks for reading. Good luck out there!

Best Regards,

Stocks Telegraph Team

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