Dear Readers,

On Thursday, stock prices are climbing as investors tune in to further congressional testimony by Federal Reserve Chairman Jerome Powell, anticipating the upcoming February U.S. jobs report. 

The S&P 500 is poised to reach a new record high, with Nvidia driving tech stocks up for the sixth consecutive day. The prevailing focus in the market revolves around inflation and interest rate projections, particularly regarding the timing and extent of potential reductions by the Fed from their historically high levels.

As of 11:55 AM ET, the Dow was up 156.6094 points, or 0.4051%, at $38817.66. The Nasdaq Composite added 251.7988 points, or 1.3975%, at $18269.373. The S&P 500 rose 46.5801 points, or 0.9125%, at $5151.34. Among the 11 major S&P 500 sectors, 8 showed positive movement, with Communication Services leading the way with a 0.69% increase.

Top Movers: Under $10

Immuron Limited ADR (IMRN) is up 115.74% today to trade at the current level of $3.56. This comes after the company announced positive results support Travelan® progress to phase 3 clinical trials in the US.

CERo Therapeutics Holdings Inc. (CERO) zoomed 92.04% in today’s trade to $4.90 after announcing publication of preclinical research supporting the use of its clinical candidate CER-1236 to Treat AML Patients.

In current trading, Brera Holdings PLC (BREA) stock is at $1.79 following news that it Executive Chairman Daniel J. McClory, has secured a controlling interest in Brera Holdings.

Grom Social Enterprises Inc (GROM) rose 49.37% in the early hours of today's trading to move at $1.15. The company announced that it has entered into a non-binding letter of intent to acquire Arctic7, Inc.

In the current trading session, Mind Medicine Inc (MNMD) jumped 45.62% to $8.65 over a previous close of $5.94 after announcing pricing of underwritten offering of common shares and concurrent private placement.

Ex-Dividends Stocks

EBay Inc. (EBAY) 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 $0.27 per share. It has fixed March 11 as the record date for the same and will pay the actual dividend on March 25. Last year, the company distributed a total of $1.00 to its shareholders. Based on the last year's worth of payments, EBAY has a trailing yield of 1.98% on the current stock price of $50.44.

Another stock that is shelling out dividends tomorrow is Fedex Corp (FDX), having a market capitalization of $62.34B. It will pay a dividend of $1.26 per share, the payment date of which is April 01. Currently, the stock is trading at a trailing dividend yield of 1.98%.

Shares of B. Riley Financial Inc (RILY) will be the talk of stock market on Friday as the stock will turn ex-dividend. The company's next dividend payment will be $0.5 per share, and in the last 12 months, it paid a total of $4.00 per share. Last year's total dividend payments show that RILY has a trailing yield of 17.43% on the current share price of $22.94.

VF Corp. (VFC) is also set to go ex-dividend tomorrow. The next dividend payment from VFC will amount to $0.09 per share. March 11 has been designated as the record date for this dividend, with the actual payout scheduled for March 20. In the previous year, VFC distributed a total of $0.99 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for VFC stands at 6.16% based on the current stock price of $16.06.

Old Republic International Corp. (ORI) will be paying out a dividend of $0.27 per share to shareholders holding their shares as of the close of the business hours on the record date of March 11. Over the past 12 months, ORI has paid out a total of $0.73 per share in dividends. Based on the total dividends paid out last year, ORI boasts an impressive trailing yield of 2.49% on the current share price of $29.57.

Crypto Market Highlights

Most Shorted Stocks

Sunnova Energy International Inc (NOVA) was one of the most shorted stocks as of latest short interest figures, with 32.31% 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 5.1. This represents a change of -2980000 shares, which corresponds to a -7.99% decrease in short interest. The total value of the shares held short is estimated to be around $206.26 million. The average daily volume stands at 7.29M shares, and the market capitalization of the company is $736.72M.

The Blink Charging Co with the symbol BLNK currently has a short interest of 29.06%. The short interest has changed by -160000 shares. The days to cover ratio stands at 2.3. The estimated value of the shares held short is approximately $59.95 million. On an average day, 8.93M shares are traded, with the company's market capitalization totaling $206.27M.

For the stock Symbotic Inc (SYM), the current short interest is at 32.09%. This represents a significant short interest change of -1800000 shares, corresponding to a short interest percentage decrease of -20.95%. The days needed to cover the short positions amount to 4.2. The approximate worth of the shares held short is $289.32 million.

With the symbol KVYO, the stock currently has a short interest of 31.83%. The short interest change is 1130000 shares, compared with a short interest percentage change of 26.22%. It would take approximately 6.7 days to cover all the short positions. The shares short value is estimated to be around $169.95 million. The company boasts an average daily volume of 1.04M shares, contributing to a market capitalization of $6.48B.

The stock LMND has a current short interest of 31.19%. The short interest percentage has experienced decrease of -1.51% while there was a change of -240000 shares in short interest. The ratio indicating the time required to cover short positions is 8.8. Trading activity averages at 2.04M shares per day, while the company's market capitalization stands at $1.15B.

Biotech Stocks to Watch

According to our ST Score evaluation, Trevi Therapeutics Inc (TRVI) emerges as a high-quality stock in the Biotech industry, attaining an impressive score of 56.0. The stock's financial strength, and stock sentiment are strong. However, its Piotroski Score are weak. Additionally, it is neutral in terms of value, profitability, performance, growth, and forecast.

Our ST Score also classifies Kiniksa Pharmaceuticals Ltd (KNSA) as a high-quality Biotech stock today, presenting a Score of 53.0. The stock has strong fundamentals in terms of profitability, and stock sentiment. However, it has weak value, and Piotroski Score. The performance, growth, financial strength, and forecast are neutral.

Another stock in the category, Acrivon Therapeutics Inc (ACRV) has the ST Score of 51.0, which means that the stock carries the potential for higher returns. The stock is strong in financial strength, and stock sentiment. Value, profitability, performance, growth, and forecast suggest a neutral outlook.

Veracyte Inc (VCYT) stock has the ST Score of 55.0 which implies that the Biotech company has a high probability of beating the market. The stock's strengths lie in its profitability, and financial strength. However, it shows neutral outlook in value, performance, growth, stock sentiment, Piotroski Score, and forecast.

Ocuphire Pharma Inc (OCUP) currently has the ST Score of 61.0, which signifies a huge upward potential. The Biotech stock's strong points are its valuation, profitability, financial strength, and stock sentiment, while its weak points are its growth. The stock's performance, Piotroski Score, and forecast indicate a neutral outlook.

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