Dear Readers,

Stocks are on the uptick this Monday, with investors kicking off a week filled with key corporate earnings announcements and significant economic reports. Despite the major indexes hovering near peak levels, recent weeks have seen some shakes, spurred by new tensions in the Middle East and strong economic figures sparking inflation worries.

The S&P 500 has seen a downward trend for three consecutive weeks. Investors' attention is riveted on inflation forecasts, interest rate scenarios, and the Federal Reserve's monetary strategy. This week is particularly pivotal with the impending release of the U.S. first-quarter GDP and the core personal consumption expenditures (PCE) price index—this index being the Fed's favored gauge for inflation.

As of 12:26 PM ET, the Dow was up 160.3 points, or 0.422%, at $38146.71. The Nasdaq Composite added 83.0391 points, or 0.4874%, at $17120.686. The S&P 500 rose 25.41 points, or 0.5116%, at $4992.65. Among the 11 major S&P 500 sectors, 4 showed negative movement, with Consumer Defensive leading the way with a -0.44% decrease.

Top Movers: Under $10

Matterport Inc (MTTR) is up 177.01% today to trade at the current level of $4.82. This comes after the company announced that it has entered into a definitive agreement with CoStar Group, Inc., pursuant to which CoStar Group will acquire all outstanding shares of Matterport in a cash and stock transaction valued at $5.50 per share.

Edible Garden AG Inc (EDBL) zoomed 70.74% in today’s trade to $6.42 after announcing that it received notice from Nasdaq on April 19, 2024 indicating that the Company had regained compliance with the minimum bid price requirement under Nasdaq Rule 5550(a)(2).

In current trading, NewGenIvf Group Ltd (NIVF) stock is at $1.57 following the declaration of the execution of a non-binding term sheet regarding a proposed reverse merger with healthcare company European Wellness Investment Holdings Limited.

Moolec Science SA (MLEC) rose 59.64% in the early hours of today's trading to move at $2.23 after the company got approval from the Food and Drug Administration (FDA) for its plant-grown animal proteins.

In the current trading session, SuperCom Ltd (SPCB) jumped 32.77% to $0.29 over a previous close of $0.22 after reporting results for the twelve months and fourth quarter, ended December 31, 2023.

Ex-Dividends Stocks

Clorox Co. (CLX) 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 $1.2 per share. It has fixed April 24 as the record date for the same and will pay the actual dividend on May 10. Last year, the company distributed a total of $4.78 to its shareholders. Based on the last year's worth of payments, CLX has a trailing yield of 3.30% on the current stock price of $144.88.

Another stock that is shelling out dividends tomorrow is Lennar Corp. (LEN), having a market capitalization of $41.93B. It will pay a dividend of $0.5 per share, the payment date of which is May 08. Currently, the stock is trading at a trailing dividend yield of 1.08%.

Shares of Lowe's Cos., Inc. (LOW) 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 $1.1 per share, and in the last 12 months, it paid a total of $4.35 per share. Last year's total dividend payments show that LOW has a trailing yield of 1.89% on the current share price of $229.96.

Tomorrow, Antero Midstream Corp (AM) is also set to go ex-dividend tomorrow. The next dividend payment from AM will amount to $0.23 per share. April 24 has been designated as the record date for this dividend, with the actual payout scheduled for May 08. In the previous year, AM distributed a total of $0.90 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for AM stands at 6.43% based on the current stock price of $14.00.

AECOM (ACM) will be paying out a dividend of $0.22 per share to shareholders holding their shares as of the close of the business hours on the record date of April 24. Over the past 12 months, ACM has paid out a total of $0.58 per share in dividends. Based on the total dividends paid out last year, ACM boasts an impressive trailing yield of 0.62% on the current share price of $92.93.

Crypto Market Highlights

• The HKSFPA suggests Hong Kong crypto firms establish a self-regulatory committee for compliance monitoring.

• Nadeem Anjarwalla from Binance detained in Kenya after fleeing Nigeria in March.

• Shiba Inu raises $12 million from a private token sale of its upcoming TREAT utility and governance token.

• Woo X exchange debuts tokenized United States Treasury Bills, targeting retail investors.

• Thai authorities to block unlicensed crypto exchanges to curb money laundering, SEC to provide a list to Ministry of Digital Economy and Society.

• Manchester City launches NFT collection, "Unseen City Shirts," in partnership with OKX, offering unique jerseys and matchday experiences to fans.

Most Shorted Stocks

IMAC Holdings Inc (BACK) was one of the most shorted stocks as of latest short interest figures, with 94.75% 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 1.1. This represents a change of 823300 shares, which corresponds to a +1,446.92% increase in short interest. The total value of the shares held short is estimated to be around $2.62 million. The average daily volume stands at 828.55K shares, and the market capitalization of the company is $3.43M.

The Novavax, Inc. with the symbol NVAX currently has a short interest of 31.38%. The short interest has changed by -4220000 shares. The days to cover ratio stands at 5.5. The estimated value of the shares held short is approximately $173.01 million. On an average day, 7.36M shares are traded, with the company's market capitalization totaling $552.10M.

For the stock Trupanion Inc (TRUP), the current short interest is at 40.35%. This represents a significant short interest change of 390000 shares, corresponding to a short interest percentage increase of +3.14%. The days needed to cover the short positions amount to 18.7. The approximate worth of the shares held short is $286.49 million.

With the symbol CUTR, the stock currently has a short interest of 38.87%. The short interest change is 100000 shares, compared with a short interest percentage change of +1.31%. It would take approximately 4.3 days to cover all the short positions. The shares short value is estimated to be around $24.51 million. The company boasts an average daily volume of 1.14M shares, contributing to a market capitalization of $38.12M.

The stock MAXN has a current short interest of 39.87%. The short interest percentage has experienced an increase of +12.59% while there was a change of 1390000 shares in short interest. The ratio indicating the time required to cover short positions is 5.6. The calculated worth of the shorted shares amounts to around $15.27 million. Trading activity averages at 2.28M shares per day, while the company's market capitalization stands at $103.78M.

Upcoming IPOs

mF International Limited (MFI) is all set for its debut on the NASDAQ exchange on April 22. The shares will be offered at a fixed price of $5.00 per share. With a total of 1,666,667 shares available, the company aims to raise approximately $8.33M through this IPO.

YY Group Holding Limited (YYGH) will be entering the market with its IPO on April 22, on the NASDAQ exchange. The shares will be offered at a fixed price of $4.00 per share. They plan to offer 1,125,000 shares, targeting a deal size of $4.50M.

RanMarine Technology B.V. (RAN) is also scheduled to make its debut on the NASDAQ exchange on April 23. The shares will be offered at a fixed price of $5.50 per share. The IPO includes 1,435,000 shares, aiming for a deal size of $7.89M.

Rubrik, Inc. (RBRK) is set to join the NYSE on April 25. They are offering shares in the price range of $28.00 to $31.00. They are offering 23,000,000 shares, with an estimated deal size of $678.50M.

Marex Group plc (MRX) is poised for its market debut on April 25, on the NASDAQ. The shares are set to hit the market at a price range of $18.00 to $21.00 per share. With a total of 15,384,615 shares up for grabs, MRX aims to secure approximately $300.00M through its initial public offering.

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