Upcoming IPOs: Top Picks & Budget Buys to Watch

Stocks fell on Monday as President Donald Trump intensified his attacks on Federal Reserve Chairman Jerome Powell, raising concerns about the central bank’s independence. Traders were also left with little clarity on the progress of global trade talks.

As of 11:51 AM ET, the Dow was down -899.17 points, or -2.29%, at $38,243.06. The Nasdaq Composite lost -447.98 points, or -2.45%, at $17,810.11. The S&P 500 declined -122.64 points, or -2.32%, at $5,160.06. Among the 11 major S&P 500 sectors, 9 showed negative movement, with Communication Services leading the way with a -7.57% decrease.

Stocks dropped to session lows after Trump's comments, with the dollar also under pressure, hitting a three-year low as the threats escalated. Meanwhile, gold soared to record highs, surpassing $3,400 per ounce.

Investor sentiment was further dampened by a lack of progress in global trade. Tensions with China also seemed to rise, with the country warning other nations not to strike any deals with the U.S. that could harm China.

Top Movers: Under $10 

SHF Holdings Inc (SHFS) is up 69.96% today to trade at the current level of $3.79. This comes after the company announced a strategic partnership with FundCanna, the leading provider of flexible capital solutions for cannabis operators.

ReShape Lifesciences Inc (RSLS) zoomed 22.41% in today’s trade to $0.38. This rally can be attributed to news that the company has received notice of allowance for additional U.S. Patent related to its proprietary diabetes neuromodulation technology.

In current trading, Evogene Ltd (EVGN) stock is at $1.19 following news that the company has signed a definitive agreement with ICL to sell its majority of activity of its subsidiary, Lavie Bio Ltd.

Sunshine Biopharma Inc (SBFM) rose 12.88% in the early hours of today's trading to move at $1.41. The strong performance of SBFM stock came as investors were encouraged by the launch of Everolimus in Canada, an Oncology Drug with an estimated global market of $2.5 billion.

In the current trading session, Dyne Therapeutics Inc (DYN) jumped 16.52% to $9.52 over a previous close of $8.17 as the company announced new appointments around its corporate and research strategy.

Ex-Dividends Stocks

Industrial Logistics Properties Trust (ILPT) 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 $0.01 per share. It has fixed April 22 as the record date for the same and will pay the actual dividend on May 15. Last year, the company distributed a total of $0.04 to its shareholders. Based on the last year's worth of payments, ILPT has a trailing yield of 1.60% on the current stock price of $2.49.

Another stock that is shelling out dividends tomorrow is Diversified Healthcare Trust (DHC), having a market capitalization of $543.99M. It will pay a dividend of $0.01 per share, the payment date of which is May 15. Currently, the stock is trading at a trailing dividend yield of 1.77%.

Shares of Eltek Ltd (ELTK) will be the talk of stock market on Tuesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.19 per share, and has a current share price of $8.29.

Magic Software Enterprises Ltd (MGIC) is also set to go ex-dividend tomorrow. The next dividend payment from MGIC will amount to $0.33 per share. April 22 has been designated as the record date for this dividend, with the actual payout scheduled for May 07. In the previous year, MGIC distributed a total of $0.44 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for MGIC stands at 3.32% based on the current stock price of $13.23.

Elbit Systems Ltd (ESLT) will be paying out a dividend of $0.5 per share to shareholders holding their shares as of the close of the business hours on the record date of April 22. Over the past 12 months, ESLT has paid out a total of $2.00 per share in dividends. Based on the total dividends paid out last year, ESLT boasts an impressive trailing yield of 0.52% on the current share price of $387.28.

Crypto Market Highlights

• El Salvador partnered with Nvidia to use AI in national sectors like healthcare, education, and infrastructure.

• Scammers sent 90M fake Grok tokens to CZ’s address amid a rise in Musk-themed phishing attacks.

• Crypto firms like Circle and Coinbase are considering bank charters amid changing US stablecoin regulations.

• PlanB criticized Ethereum as centralized and premined, also mocking Vitalik Buterin and citing its rollback history.

• Stake reportedly earned $4.7B in 2024, as crypto casinos hit $81B despite ongoing regulatory hurdles.

 Most Shorted Stocks

INmune Bio Inc (INMB) was one of the most shorted stocks as of latest short interest figures, with 42.18% 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 16.1. This represents a change of 480,000 shares, which corresponds to a +8.60% increase in short interest. The total value of the shares held short is estimated to be around $43.39 million. The average daily volume stands at 342.00K shares, and the market capitalization of the company is $164.30M.

The Solaredge Technologies Inc with the symbol SEDG currently has a short interest of 36.00%. The short interest has changed by -530,000 shares. The days to cover ratio stands at 5.2. The estimated value of the shares held short is approximately $248.23 million. On an average day, 3.86M shares are traded, with the company's market capitalization totaling $707.33M.

For the stock Cleanspark Inc (CLSK), the current short interest is at 32.67%. This represents a significant short interest change of 8,670,000 shares, corresponding to a short interest percentage increase of +10.75%. The days needed to cover the short positions amount to 3.6. The approximate worth of the shares held short is $698.33 million.

With the symbol TMDX, the stock currently has a short interest of 30.37%. The short interest change is -70,000 shares, compared with a short interest percentage change of -0.73%. It would take approximately 5.7 days to cover all the short positions. The shares short value is estimated to be around $7.91 billion. The company boasts an average daily volume of 1.28M shares, contributing to a market capitalization of $2.98B.

The stock MYSZ has a current short interest of 96.96%. The short interest percentage has experienced an increase of +4,211.28% while there was a change of 560,100 shares in short interest. The ratio indicating the time required to cover short positions is 0.5. The calculated worth of the shorted shares amounts to around $14.6 million. Trading activity averages at 1.25M shares per day, while the company's market capitalization stands at $3.25M.

Upcoming IPOs

Fitness Champs Holdings Limited (FCHL) is set to debut on NASDAQ on April 22, offering 2,000,000 shares priced between $4.00–$5.00, aiming to raise around $9 million through its IPO.

OMS Energy Technologies Inc. (OMSE) will also go public on April 22 on NASDAQ, offering 5,555,556 shares at $8.00–$10.00 per share, targeting a total raise of approximately $50 million.

That's it for today. Thanks for reading. Good luck out there!

Best Regards,

Stocks Telegraph Team

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