Good Afternoon!
Hey, everyone. It's Adam from Elite Trade Club. Here’s what moved the market today.

Altcoin Surge (Sponsored)
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→ Altcoins are surging across the board
→ Institutions are pouring in at record pace
→ Policy shifts are driving widespread adoption
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Analysts tracking the sector believe this may only be the beginning. That’s why a new guide has just been released — packed with insights on how to navigate what’s happening right now.
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Markets
Wall Street was mixed on Wednesday as investors weighed ongoing Middle East tensions and Federal Reserve Chair Jerome Powell’s comments, which suggested interest rate cuts may take longer due to inflation concerns from recent tariffs.
DJIA [-0.25%]
S&P 500 [0.00%]
Nasdaq [+0.31%]
Russell 2k [-1.09%]

Market-Moving News
Asset Management
JPMorgan Launches Massive High-Yield ETF Backed by $2B Anchor Investment

JPMorgan Chase (NYSE: JPM) has launched its largest actively managed ETF to date, anchored by a $2 billion investment from an external client, as it accelerates its expansion into high-yield credit strategies.
The new fund called the JPMorgan Active High Yield ETF (JPHY), will invest at least 80% of its portfolio in below-investment-grade bonds and debt securities.
It began trading today on the Cboe BZX Exchange.
This launch comes as investors shift away from passive vehicles and revisit active bond strategies in response to higher interest rates and tighter monetary policy.
According to JPMorgan, the market for actively managed fixed-income ETFs is poised to quadruple in size over the next five years.
For fund managers and competitors, this move raises the bar.
JPMorgan is already the largest U.S. active fixed-income ETF provider with $55 billion in AUM, and the early $2 billion commitment signals growing demand for precision-managed bond exposure.
For institutional investors considering high-yield strategies, JPHY offers exposure benchmarked to the ICE BofA U.S. High Yield Constrained Index.
It charges 45 basis points in fees and targets stronger returns through tactical selection in a riskier segment of the bond market.
This ETF launch follows the success of JPMorgan’s Equity Premium Income ETF (JEPI), another active fund that has grown into an industry leader since its 2020 launch.
JPHY could mark the start of JPMorgan’s next wave of growth in fixed-income innovation.

Secure Wealth Strategy (Sponsored)
Starting this July, big banks can legally treat gold as cash—and they’re wasting no time.
Meanwhile, millions of Americans are still heavily invested in volatile paper assets.
One economist says gold is now “the only money banks trust.”
There’s still time to catch up, using an IRS-approved method that avoids taxes or penalties.
This FREE Wealth Protection Guide explains how to move before the window closes.
[Click here to access the guide]
P.S. Every day you wait, the insiders move further ahead. Get the facts before July hits.

Consumer Apps
Dating App Giant Bumble Begins Overhaul with Mass Layoffs and Strategic Reset

Bumble (NASDAQ: BMBL) is initiating a major overhaul, reducing its workforce by approximately 30%, or roughly 240 positions, in a move aimed at reshaping operations and reallocating resources toward technology and product development.
The company framed the decision as part of a broader reconfiguration of its operating structure, intended to sharpen its focus on execution and future growth.
Management estimates the move will generate $40 million in annual cost savings, with one-time charges of $13 to $18 million expected over the next two quarters.
What matters most for investors is not the layoffs themselves but the intention behind them.
Bumble is responding to fierce competition in the dating app space, where rivals like Hinge and Tinder have been innovating more rapidly and capturing younger demographics.
A clear push toward streamlining the business and reinvesting in core features may be Bumble’s best shot at regaining market relevance.
For long-term investors or new entrants considering the stock, this is a company that recognizes its weaknesses and is finally making tough decisions.
By boosting guidance for Q2, Bumble also hinted at early gains from this strategy.
The dating tech space is crowded, but Bumble’s pivot toward leaner operations and renewed product focus could signal a new phase of agility, one that appeals to both users and investors alike.

Gold Surge (Sponsored)
This July, a little-known rule goes into effect—forcing Big Banks to rethink what qualifies as “real money.”
Surprisingly, they’re not betting on stocks, bonds, or even the U.S. dollar… they’re going all-in on physical gold.
According to Peter Schiff, it’s now “the only form of money trusted by the banking system.”
Investors tied to traditional accounts like IRAs or 401(k)s may be left behind.
But there’s still time to act.
Download the Free Gold Retirement Guide Before July

Consumer Goods
Kellanova in Spotlight as EU Antitrust Probe Targets $36B Mars–Kellanova Snack Merger

Kellanova (NYSE: K) is now under intense regulatory scrutiny after EU antitrust authorities opened a full investigation into its planned $36 billion sale to Mars.
The European Commission confirmed on Wednesday that the deal may give Mars excessive pricing power in the European snack food industry.
Officials raised concerns that Mars could use its stronger market position to pressure retailers, potentially leading to higher prices for consumers.
Regulators specifically flagged that Mars, by acquiring Kellanova's snack brands such as Pringles, could dominate negotiations with retailers in the European Economic Area.
This formal probe marks a critical phase for the proposed acquisition, which was first announced in August 2024 and formally submitted to the Commission on May 16, 2025.
The EU now has until October 31 to issue a final decision.
For investors, the inquiry underscores the regulatory risks associated with large-scale consolidation in the food sector.
Although Kellanova's global snack portfolio adds strategic value for Mars, EU resistance introduces uncertainty that could delay or reshape the deal.
While the investigation doesn't guarantee a block, it signals that Brussels is taking a tougher stance on vertical consolidation in the consumer staples sector.
Any major conditions or concessions could affect the financial structure or timing of the merger. Kellanova shares may experience near-term volatility as stakeholders await clarity.

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Top Winners and Losers
QuantumScape Corp [QS] $5.66 (+30.66%)
QuantumScape stock rallied after the company announced a breakthrough in its EV battery manufacturing process, improving speed and scalability.
GlucoTrack Inc [GCTK] $7.84 (+26.25%)
GlucoTrack surged after presenting positive human trial results for its implantable blood-based glucose monitor, showing high accuracy and safety.
Aeluma Inc [ALMU] $17.04 (+21.80%)
Aeluma gained sharply after being added to the Russell 3000 Index, raising its visibility and attracting institutional interest.

Forte Biosciences Inc [FBRX] $10.59 (-25.26%)
Forte Biosciences fell after pricing a $75 million public offering at $12 per share, below market, triggering dilution fears.
Robin Energy Ltd [RBNE] $3.70 (-23.71%)
Robin Energy declined after launching its second discounted stock offering this month, raising $3.6 million at $3.50 per share.
Allot Ltd [ALLT] $8.01 (-16.65%)
Allot Ltd shares slipped after the company announced a $40 million stock offering at $8 to repay debt, diluting existing shareholders.

Q2 Watchlist (Sponsored)
As we dive into Q2 2025, the stock market is buzzing with opportunities, and I’ve got the insider scoop just for you.
I’ve handpicked the Top Seven Stocks for this quarter, offering you a clear roadmap for growth as the year progresses.
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High-Growth Sectors: Key industries poised to boom this summer.
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Profit-Boosting Opportunities: Position your portfolio for a strong finish in 2025.
This isn’t merely a list; it’s your chance to seize the market’s hottest opportunities before they pass you by.

Everything Else
New home sales dropped sharply in May, resulting in the highest inventory levels in three years.
Major automakers are pressing the U.S. auto safety agency for reforms, citing outdated standards and regulatory delays.
FedEx topped earnings forecasts and now expects to save $1 billion in the coming fiscal year through cost-cutting.
Shell denies speculation about a potential merger with BP, calling the report inaccurate.
ESPN has renewed its media deal with the pro lacrosse league and taken an equity stake as part of the new agreement.

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!
Thanks for reading. I'll see you at the next open!
Best Regards,
— Adam G.
Elite Trade Club
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