Dear Readers,

On Friday, the S&P 500 experienced a slight increase, driven by positive tech earnings, but this was tempered by a surge in Treasury yields due to robust economic data. The 10-year Treasury yield rose by 15 basis points to 4% after the U.S. government reported a significant addition of 353,000 jobs in January, surpassing the Dow Jones estimate of 185,000.

The report also revealed higher-than-expected wage growth at 4.5% year over year, compared to the forecast of 4.1%. These developments followed a Wall Street rebound, with major averages each gaining about 1%, rebounding from the previous day's sell-off triggered by the Federal Reserve signaling an unlikely rate cut in March.

As of 11:50 AM ET, the Dow was up 74.0391 points, or 0.1922%, at $38593.88. The Nasdaq Composite added 266.2813 points, or 1.5352%, at $17610.99. The S&P 500 rose 47.3901 points, or 0.9659%, at $4953.58. Among the 11 major S&P 500 sectors, 6 showed positive movement, with Information Technology leading the way with a 1.5% increase.

Top Movers: Under $10

Intelligent Bio Solutions Inc (INBS) is up 102.71% today to trade at the current level of $4.89. This comes after the company announced preliminary unaudited fiscal second quarter and six-month revenue results.

Momentus Inc (MNTS) zoomed 18.72% in today’s trade to $1.02. The company reported that it has been awarded a contract modification valued at $1,196,404 by the Space Development Agency to continue development of the Vigoride Orbital Service Vehicle for Department of Defense (DoD) Mission Requirements.

In current trading, BioRestorative Therapies Inc (BRTX) stock is at $2.48. The company will present preliminary BRTX-100 clinical data at the Orthopaedic Research Society (ORS) 2024 Annual Meeting.

Adverum Biotechnologies Inc (ADVM) rose 11.34% in the early hours of today's trading to move at $1.33. The company will Host webcast to review LUNA phase 2 preliminary efficacy and safety results on February 8, 2024.

In the current trading session, Akanda Corp (AKAN) jumped 14.21% to $0.45 over a previous close of $0.39 announcing registered direct offering priced at-the-market under Nasdaq rules.

Ex-Dividends Stocks

Amalgamated Financial Corp (AMAL) is about to trade ex-dividend Monday, meaning that investors who buy the stock after Monday will not be eligible for the next dividend payment. The company's next dividend payment will be $0.1 per share. It has fixed February 06 as the record date for the same and will pay the actual dividend on February 23. Last year, the company distributed a total of $0.40 to its shareholders. Based on the last year's worth of payments, AMAL has a trailing yield of 1.54% on the current stock price of $26.03.

Another stock that is shelling out dividends on Monday is Las Vegas Sands Corp (LVS), having a market capitalization of $37.97B. It will pay a dividend of $0.2 per share, the payment date of which is February 14. Currently, the stock is trading at a trailing dividend yield of 1.35%.

Shares of Metlife Inc (MET) will be the talk of stock market on Monday as the stock will turn ex-dividend. The company's next dividend payment will be $0.52 per share, and in the last 12 months, the company paid a total of $2.13 per share. Last year's total dividend payments show that MET has a trailing yield of 3.23% on the current share price of $65.92.

Cheniere Energy Inc. (LNG) is also set to go ex-dividend on Monday. The next dividend payment from LNG will amount to $0.43 per share. February 06 has been designated as the record date for this dividend, with the actual payout scheduled for February 23. In the previous year, LNG distributed a total of $1.65 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for LNG stands at 1.02% based on the current stock price of $161.75.

ASML Holding NV (ASML) will be paying out a dividend of $1.61 per share to shareholders holding their shares as of the close of the business hours on the record date of April 29. Over the past 12 months, ASML has paid out a total of $7.37 per share in dividends. Based on the total dividends paid out last year, ASML boasts an impressive trailing yield of 0.83% on the current share price of $883.97.

Crypto Market Highlights

Most Shorted Stocks

Plug Power Inc (PLUG) was one of the most shorted stocks as of latest short interest figures, with 29.35% 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 3.8. This represents a change of -3170000 shares, which corresponds to a -1.96% decrease in short interest. The total value of the shares held short is estimated to be around $744.15 million. The average daily volume stands at 47.05M shares, and the market capitalization of the company is $2.85B.

The Lucid Group Inc with the symbol LCID currently has a short interest of 29.32%. The short interest has changed by 22450000 shares. The days to cover ratio stands at 7.2. The estimated value of the shares held short is approximately $876.58 million. On an average day, 40.48M shares are traded, with the company's market capitalization totaling $7.83B.

With the symbol ALLO, the stock currently has a short interest of 28.51%. The short interest change is -1110000 shares, compared with a short interest percentage change of -3.54%. It would take approximately 10.3 days to cover all the short positions. The company boasts an average daily volume of 3.09M shares, contributing to a market capitalization of $624.32M.

The stock KSS has a current short interest of 28.48%. The short interest percentage has experienced increase of +8.37% while there was a change of 2390000 shares in short interest. The ratio indicating the time required to cover short positions is 5.4. The calculated worth of the shorted shares amounts to around $793.01 million. Trading activity averages at 5.89M shares per day, while the company's market capitalization stands at $2.91B.

Energy Stocks to Watch

According to our ST Score evaluation, Teekay Corp (TK) emerges as a high-quality stock in the Energy industry, attaining an impressive score of 76.0. The stock's valuation, performance, financial strength, stock sentiment, and Piotroski Score are strong. Additionally, it is neutral in terms of profitability, growth, and forecast.

Our ST Score also classifies International Seaways Inc (INSW) as a high-quality Energy stock today, presenting a Score of 75.0. The stock has strong fundamentals in terms of valuation, profitability, performance, financial strength, stock sentiment, and Piotroski Score. The growth, and forecast are neutral.

Another stock in the category, Teekay Tankers Ltd (TNK) has the ST Score of 75.0, which means that the stock carries the potential for higher returns. The stock is strong in valuation, profitability, performance, financial strength, stock sentiment, and Piotroski Score. Growth, and forecast suggest a neutral outlook.

Imperial Petroleum Inc (IMPP) stock has the ST Score of 70.0 which implies that the Energy company has a high probability of beating the market. The stock's strengths lie in its valuation, performance, financial strength, and Piotroski Score. However, it shows neutral outlook in profitability, growth, stock sentiment, and forecast.

Tenaris S.A. ADR (TS) currently has the ST Score of 69.0, which signifies a huge upward potential. The Energy stock's strong points are its profitability, financial strength, stock sentiment, and Piotroski Score. The stock's value, performance, growth, and forecast indicate a neutral outlook.