Dear Readers,

 Stocks fell on Friday following another surge in inflation, raising concerns that the Federal Reserve might delay rate cuts until later this year. 

The producer price index for January, which measures wholesale inflation, rose by 0.3%, surpassing economists' expectations of a 0.1% increase. Excluding food and energy, core PPI increased by 0.5%, higher than the predicted 0.1% rise. 

The 10-year Treasury yield surged above 4.3% after the inflation report, with the 2-year Treasury yield reaching 4.7%, its highest level since December. 

DoorDash shares plummeted by 13% due to a larger-than-expected loss, while Trade Desk saw a 16% increase in its stock price after exceeding analysts' revenue estimates for the fourth quarter and providing a positive outlook for the first quarter.

As  of 11:52 AM ET, the Dow was down -6.3594 points, or -0.0164%, at $38766.76. The Nasdaq Composite lost -46.916 points, or -0.2629%, at $17798.807. The S&P 500 rose 2.2603 points, or 0.0449%, at $5031.99. Among the 11 major S&P 500 sectors, 10 showed positive movement, with Real Estate leading the way with a 0.62% increase. 

Top Movers: Under $10

Gaxos.AI Inc (GXAI) is up 292.16% today to trade at the current level of $1.00. This comes after the company announced that its gaming division, Gaxos Gaming, will launch an artificial intelligence (AI) solution for game developers and studios.

Fusion Fuel Green Ltd (HTOO) zoomed 137.43% in today’s trade to $2.85 after announcing that it has received notification from the European Commission that the Company’s HEVO-Portugal project was among 33 selected for approval under the Important Projects of Common European Interest Hy2Infra program.

In current trading, MoneyHero Ltd (MNY) stock is at $2.03 following the declaration from the company that, based on a preliminary and unaudited review, it anticipates year-over-year revenue growth of at least 60% in Singapore and 50% in Hong Kong for the month of January 2024.

Wimi Hologram Cloud Inc ADR (WIMI) rose 21.88% in the early hours of today's trading to move at $1.03. The company announced an improved HBFT blockchain consensus algorithm for blockchains with multiple independent functions, namely "MHConsensus algorithm".

In the current trading session, Infobird Co Ltd (IFBD) jumped 15.16% to $1.69 over a previous close of $1.47 after announcing that there will be no financing plan in the next three months.

Ex-Dividends Stocks

DHT Holdings Inc (DHT) is about to trade ex-dividend Tuesday, meaning that investors who buy the stock after Tuesday will not be eligible for the next dividend payment. The company's next dividend payment will be $0.22 per share. It has fixed February 21 as the record date for the same and will pay the actual dividend on February 28. Last year, the company distributed a total of $1.15 to its shareholders. Based on the last year's worth of payments, DHT has a trailing yield of 9.89% on the current stock price of $11.62.

Another stock that is shelling out dividends on Tuesday is Marathon Petroleum Corp (MPC), having a market capitalization of $65.27B. It will pay a dividend of $0.82 per share, the payment date of which is March 11. Currently, the stock is trading at a trailing dividend yield of 1.35%.

Shares of Target Corp (TGT) will be the talk of 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 $3.28 per share. Last year's total dividend payments show that TGT has a trailing yield of 2.21% on the current share price of $148.46.

Yum Brands Inc. (YUM) is also set to go ex-dividend on Tuesday. The next dividend payment from YUM will amount to $0.67 per share. February 21 has been designated as the record date for this dividend, with the actual payout scheduled for March 08. In the previous year, YUM distributed a total of $2.42 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for YUM stands at 1.79% based on the current stock price of $135.33.

Marathon Oil Corporation (MRO) will be paying out a dividend of $0.11 per share to shareholders holding their shares as of the close of the business hours on the record date of February 21. Over the past 12 months, MRO has paid out a total of $0.31 per share in dividends. Based on the total dividends paid out last year, MRO boasts an impressive trailing yield of 1.33% on the current share price of $23.25.

Crypto Market Highlights

Most Shorted Stocks

B. Riley Financial Inc (RILY) was one of the most shorted stocks as of latest short interest figures, with 62.79% 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 6.9. This represents a change of -190000 shares, which corresponds to a -1.80% decrease in short interest. The total value of the shares held short is estimated to be around $183.52 million. The average daily volume stands at 1.34M shares, and the market capitalization of the company is $540.65M.

The Canada Goose Holdings Inc with the symbol GOOS currently has a short interest of 31.04%. The short interest has changed by 1290000 shares. The days to cover ratio stands at 9.8. The estimated value of the shares held short is approximately $206.88 million. On an average day, 1.52M shares are traded, with the company's market capitalization totaling $1.35B.

For the stock Volcon Inc (VLCN), the current short interest is at 58.37%. This represents a significant short interest change of -648400 shares, corresponding to a short interest percentage decrease of -81.44%. The days needed to cover the short positions amount to 0.4. The approximate worth of the shares held short is $0.16 million.

With the symbol CNXA, the stock currently has a short interest of 58.52%. The short interest change is 1364300 shares. It would take approximately 0.2 days to cover all the short positions. The shares short value is estimated to be around $0.55 million. The company boasts an average daily volume of 9.67M shares, contributing to a market capitalization of $1.04M.

The stock SYM has a current short interest of 45.19%. The short interest percentage has experienced decrease of -5.40% while there was a change of -490000 shares in short interest. The ratio indicating the time required to cover short positions is 5.3. Trading activity averages at 1.68M shares per day, while the company's market capitalization stands at $24.05B.

Energy Stocks to Watch

According to our ST Score evaluation, Torm Plc (TRMD) emerges as a high-quality stock in the Energy industry, attaining an impressive score of 69.0. The stock's valuation, profitability, performance, financial strength, and stock sentiment are strong. Additionally, it is neutral in terms of growth, Piotroski Score, and forecast.

Our ST Score also classifies Viper Energy Inc (VNOM) as a high-quality Energy stock today, presenting a Score of 65.0. The stock has strong fundamentals in terms of profitability, performance, financial strength, stock sentiment, and Piotroski Score. The value, growth, and forecast are neutral.

Another stock in the category, Frontline Plc (FRO) has the ST Score of 65.0, which means that the stock carries the potential for higher returns. The stock is strong in performance, growth, financial strength, and Piotroski Score. Value, profitability, stock sentiment, and forecast suggest a neutral outlook.

HF Sinclair Corp. (DINO) stock has the ST Score of 64.0 which implies that the Energy company has a high probability of beating the market. The stock's strengths lie in its profitability, financial strength, stock sentiment, and Piotroski Score. However, it shows neutral outlook in value, performance, growth, and forecast.

Scorpio Tankers Inc (STNG) currently has the ST Score of 64.0, which signifies a huge upward potential. The Energy stock's strong points are its valuation, profitability, performance, and stock sentiment. The stock's growth, financial strength, Piotroski Score, and forecast indicate a neutral outlook.