Stocks rebound on dovish Fed talk 📈

Good Afternoon! 

Hey, everyone. It's Adam from Elite Trade Club. 

Here’s what moved the market today.

Markets 📈

The market returned to form on Wednesday after an upbeat ADP Jobs report and bullish comments from Fed Chairman Jerome Powell in a public appearance. The Dow was the day’s lone loser, ending the session just shy of flat.

Exclusive: Essential Elements Powering the Tech Revolution

Semiconductor chips are in everything from your smartphone, car, to the very satellites that keep us connected...

And they cannot be manufactured without Rare Earth elements.

The writing is on the wall, no Rare Earth elements = no semiconductor chips = no AI and other advanced technologies.

Learn how this presents a unique opportunity for savvy investors.

» Want an Ad-Free Experience + Top Growth Stock Picks? Upgrade Now! 

Market-Moving News 🔎 

📈March Sees Strong Job Growth, ADP Reports

The private sector's job growth accelerated in March, marking the strongest pace since July 2023. ADP's latest data reveals an addition of 184,000 workers, surpassing both the revised February figures and market expectations.

Wage Growth Remains Robust 💸
Alongside the surge in employment, wage growth continued its robust trend. Employees who stayed with their employers experienced a 5.1% increase in wages year-over-year, maintaining the rate observed in February.

Job switchers enjoyed a substantial 10% wage bump, indicating a dynamic labor market that rewards movement.

This positive trajectory in private sector employment and wage growth reflects the ongoing resilience and buoyancy of the U.S. labor market.

🏆 Disney Beats Peltz in Boardroom Showdown

In a high-stakes clash within Disney's [DIS -3.1%] corporate echelons, the entertainment behemoth emerged victorious against activist investor Nelson Peltz, cementing CEO Bob Iger's control over the company's direction. Shareholders sided with Disney, electing its proposed slate of board members and rejecting Peltz's campaign for a board position.

Strong Shareholder Endorsement 💼
Disney announced that its 12 director nominees won by a significant margin, highlighting the confidence its shareholders have in the current leadership's vision for the future. Specifically, CEO Bob Iger received an overwhelming 94% of the vote, underscoring the trust in his stewardship.

Peltz's Proposal Falls Short 🛑
Despite Peltz's efforts to position himself as a necessary check on management, only 31% of shareholders backed his bid, showcasing the broad support for Disney's strategic plans under its existing leadership.

Looking Ahead: Disney's Strategic Goals 🌟
With the boardroom battle settled, Disney focuses on achieving its ambitious objectives, such as becoming profitable in streaming services and revitalizing its studio division, under the guidance of a board aligned with Iger's vision.

ARCA Bio [ABIO] $5.90 (+306.9%)
and Oruka Therapeutics announced a definitive merger agreement that will include a $275 million pre-closing financing round.

Aurora Cannabis [ACB] $7.21 (+44.0%)
rallied after Florida’s Supreme Court ruled to allow a ballot referendum that would legalize recreational cannabis in the state.

Neovolta [NEOV] $1.93 (+37.8%)
said its NV-14 home battery was named a top solar storage product by Solar Power World for the 5th consecutive year on Tuesday.

Juizi Holdings [JZXN] $1.49 (60.2%)
entered into a non-binding LOI to acquire Shenzhen Maigesong Electric Technology.

GCT Semi [GCTS] $6.86 (55.7%)
continued to pullback from a massive rally late last week that followed its NYSE debut. 

DigiAsia Bios [FAAS] $6.71 (42.6%)
plummeted in its market debut after closing its SPAC merger with StoneBridge Acquisition Corp yesterday.

That's it for today! Please, write us back, and let us know what you think of the Closing Bell Roundup. We're always eager to hear feedback from our members!

Thanks for reading. I'll see you at the next open! 

Best Regards,
— Adam G.
Elite Trade Club

Text ELITESTOCKS to 47121 or click here to get our alerts on your mobile device, and never miss another fast-moving stock!

P.S. Just like this newsletter, it's 100% free*, and you can stop at any time by replying STOP.