Dear Readers,

U.S. stocks edged up on Tuesday as investors aimed to regain momentum following a recent record high, rebounding from a slight decline in the previous session.

Economic data released today showed a 1.4% increase in orders for durable goods in February, surpassing the 0.8% consensus estimate. However, March's consumer confidence index fell short of economists' expectations, signaling diminishing optimism in the U.S. economy.

Despite Monday's slight dip, with the Dow down 0.4% and the S&P 500 and Nasdaq Composite each falling around 0.3%, the major indices are still on track for their fifth consecutive month of gains. The broad market index has risen over 2% in March, with the Nasdaq Composite up 1.8% and the Dow up 0.8% for the period.

Top Movers: Under $10

C3is Inc. (CISS) is up 29.55% today to trade at the current level of $0.0457. This comes after the company reported revenue of $13.8 million, Net Income of $5.6 million, and $0.25 earnings per diluted share for the fourth quarter of 2023.

KULR Technology Group Inc (KULR) zoomed 25.78% in today’s trade to $0.41. The company announced receiving a six-figure contract from Lockheed Martin (LMT) for developing phase change material heat sinks that are pivotal for the thermal regulation of essential electronics within long-range precision missiles.

In current trading, ABVC BioPharma Inc (ABVC) stock is at $1.26 following news that the company entered into a global licensing deal of Vitargus with licensing income of $33.5M and royalties up to $60M.

Reviva Pharmaceuticals Holdings Inc. (RVPH) rose 19.11% in the early hours of today's trading to move at $3.74 after announcing that Laxminarayan Bhat, Ph.D., Founder, President, and CEO of Reviva will be presenting a poster at the American Society for Clinical Pharmacology & Therapeutics (ASCPT) 2024 Annual Meeting, to be held in Colorado Springs, CO, USA on March 27-29, 2023.

In the current trading session, Adamas One Corp (JEWL) jumped 19.63% to $0.39 over a previous close of $0.33. The company announced the formation of a Board of Advisors for its wholly-owned subsidiary, Adamas One Technologies.

Ex-Dividends Stocks

Deere & Co. (DE) 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 $1.47 per share. It has fixed March 29 as the record date for the same and will pay the actual dividend on May 08. Last year, the company distributed a total of $5.32 to its shareholders. Based on the last year's worth of payments, DE has a trailing yield of 1.34% on the current stock price of $396.55.

Another stock that is shelling out dividends tomorrow is Fifth Third Bancorp (FITB), having a market capitalization of $24.69B. It will pay a dividend of $0.35 per share, the payment date of which is April 15. Currently, the stock is trading at a trailing dividend yield of 3.77%.

Shares of Humana Inc. (HUM) will be the talk of stock market on Wednesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.89 per share, and in the last 12 months, it paid a total of $3.54 per share. Last year's total dividend payments show that HUM has a trailing yield of 1.01% on the current share price of $349.77.

Tomorrow, Keurig Dr Pepper Inc (KDP) is also set to go ex-dividend tomorrow. The next dividend payment from KDP will amount to $0.21 per share. March 29 has been designated as the record date for this dividend, with the actual payout scheduled for April 12. In the previous year, KDP distributed a total of $0.83 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for KDP stands at 2.69% based on the current stock price of $30.90.

Steel Dynamics Inc. (STLD) will be paying out a dividend of $0.46 per share to shareholders holding their shares as of the close of the business hours on the record date of March 31. Over the past 12 months, STLD has paid out a total of $1.70 per share in dividends. Based on the total dividends paid out last year, STLD boasts an impressive trailing yield of 1.17% on the current share price of $144.81.

Crypto Market Highlights

• Curio, a real-world asset liquidity firm, loses $16 million in digital assets due to a smart contract exploit involving a critical vulnerability.

• MakerDAO-based smart contract within Curio breached, leading to the exploit.

• Marathon Digital's logo immortalized in a Bitcoin block's data visualization by a Bitcoin Core contributor.

• Hong Kong's financial regulators plan to introduce in-kind creation models for spot Bitcoin exchange-traded funds (ETFs).

• Galaxy Digital reports a net income of $296 million for 2023, rebounding from a $1 billion loss in 2022.

• Portugal's CNPD limits Worldcoin's biometric data collection via Orb devices within the country.

• 0G Labs secures $35 million in pre-seed funding with participation from over 40 crypto-native institutions.

• Misyon Bank partners with Swiss cryptocurrency custody provider Taurus to enter digital asset custody and tokenization.

Most Shorted Stocks

Symbotic Inc (SYM) was one of the most shorted stocks as of the latest short interest figures, with 32.65% 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 4.4. This represents a change of 100000 shares, which corresponds to a +1.47% increase in short interest. The total value of the shares held short is estimated to be around $338.44 million. The average daily volume stands at 1.57M shares, and the market capitalization of the company is $26.13B.

The IonQ Inc with the symbol IONQ currently has a short interest of 26.75%. The short interest has changed by 180000 shares. The days to cover ratio stands at 6.0. The estimated value of the shares held short is approximately $440.25 million. On an average day, 7.19M shares are traded, with the company's market capitalization totaling $1.97B.

With the symbol CRK, the stock currently has a short interest of 28.24%. The short interest change is -200000 shares, compared with a short interest percentage change of -0.78%. It would take approximately 5.3 days to cover all the short positions. The company boasts an average daily volume of 4.70M shares, contributing to a market capitalization of $2.46B.

The stock PROK has a current short interest of 29.35%. The short interest percentage has experienced an increase of +2.51% while there was a change of 350000 shares in short interest. The ratio indicating the time required to cover short positions is 23.7. The calculated worth of the shorted shares amounts to around $38.65 million. Trading activity averages at 584.29K shares per day, while the company's market capitalization stands at $102.39M.

EV Stocks to Watch

According to our ST Score evaluation, Fluence Energy Inc (FLNC) emerges as a high-quality stock in the EV industry, attaining an impressive score of 50.0. The stock's growth and stock sentiment are strong. However, its profitability are weak. Additionally, it is neutral in terms of value, performance, financial strength, Piotroski Score, and forecast.

Our ST Score also classifies Alphabet Inc (GOOG) as a high-quality EV stock today, presenting a Score of 54.0. The stock has strong fundamentals in terms of profitability, stock sentiment, and Piotroski Score. However, it has weak value. The performance, growth, financial strength, and forecast are neutral.

Another stock in the category, GreenPower Motor Company Inc (GP) has the ST Score of 44.0, which means that the stock carries the potential for higher returns. The stock is strong in stock sentiment but weak in value, growth, and financial strength. Profitability, performance, piotroski score, and forecast suggest a neutral outlook.

Beam Global (BEEM) stock has the ST Score of 50.0 which implies that the EV company has a high probability of beating the market. The stock's strengths lie in its financial strength, and stock sentiment, but its weaknesses are in its value, and profitability. However, it shows neutral outlook in performance, growth, Piotroski Score, and forecast.

AYRO Inc (AYRO) currently has the ST Score of 50.0, which signifies a huge upward potential. The EV stock's strong points are its financial strength, while its weak points are its profitability. The stock's value, performance, growth, stock sentiment, Piotroski Score, and forecast indicate a neutral outlook.

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