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Biopharma Company Partnership Leads to 600% Gains
Adam Garcia
October 24, 2024
Good Afternoon!
Hey, everyone. It's Adam from Elite Trade Club.
Here’s what moved the market today.
Markets 📈
The market finally showed some life today but still ended as a mix of ups and downs for U.S. indexes. The Nasdaq Composite gained the most, climbing 0.76%.
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Next Biotech Giant
A growing biotech company is making waves with its innovative regenerative therapies.
Recent financial results have blown past expectations, driving rapid revenue growth.
With plans to uplist to the NASDAQ, this stock may soon attract even more attention.
Regenerative medicine is a booming market, and this company could be on the verge of a major breakout.
Market-Moving News 📈
Tesla Surges as Strong Margins and New EV Plans Boost Investor Confidence
Tesla's stock saw a sharp rise in premarket trading following its third-quarter earnings report. Investors were encouraged by the company's strong performance in key areas such as adjusted earnings per share and gross margins, despite some mixed results overall. News about Tesla's more affordable electric vehicle remaining on track for production next year also fueled optimism.
The company's vehicle delivery numbers showed significant growth from the previous quarter and the same period last year, although they fell slightly short of broader market expectations. Tesla continues to ramp up production of its refreshed models, including the highly anticipated Cybertruck. CEO Elon Musk indicated the company could see volume growth in the range of 20-30% in the upcoming year.
Tesla also reported strong results in its energy generation and storage segment, projecting continued growth in this area for 2024. This performance comes amid earlier challenges in the quarter, including lower-than-expected deliveries. However, Tesla remains focused on expanding its product offerings, including new models and advanced technologies.
Adobe Opens Doors to All Creators with Free Access to Fresco’s Premium Features
Adobe is making a strategic move to attract illustrators by offering its drawing and painting app, Fresco, completely free for all users. Fresco, which competes with popular apps like Procreate and Clip Studio Paint, offers a range of tools that mimic real-world materials like pencils and watercolors while supporting both touch and stylus devices. The app is available on iPad, iPhone, and Windows PCs.
Previously, Adobe offered a free version of Fresco with limited features, while its premium tools, including a wider brush selection and access to Adobe Fonts, required a subscription. Now, Adobe has removed this paywall, making all premium features available at no cost. This move is designed to better compete with Procreate, known for its low one-time purchase price and popularity among digital artists.
By making Fresco fully accessible, Adobe hopes to draw in new users despite competition from more established platforms. Fresco offers features like desktop app access and cloud storage, which may appeal to those seeking an alternative to Procreate, which lacks these specific options. This shift could help Fresco grow its user base in the digital art community.
Meta and Snap Push Forward in the Race for Augmented Reality Dominance
Meta and Snap are making significant strides in the development of augmented reality (AR) technology, aiming to revolutionize the future of computing. Recently, Meta unveiled its AR prototype, Orion, marking a decade of development and investment. Meanwhile, Snap introduced its latest AR-capable Spectacles at its annual summit. Both companies are working toward a future where AR glasses could potentially replace smartphones as the dominant computing device.
Though AR technology shows great promise, it remains years away from consumer-ready products. High production costs and the need for further development are significant hurdles. Meta plans to use its Orion prototype as a tool for developers and internal projects, focusing on software advancement. Snap, on the other hand, is offering its AR Spectacles to developers on a subscription basis to build out its ecosystem.
While other tech giants like Apple and Microsoft have ventured into AR with their own devices, mainstream adoption has yet to be realized. Meta and Snap's latest prototypes represent steps forward, but widespread consumer use remains a future goal as the industry continues to evolve.
Political Profit Play
As the election draws near, uncertainty in the market is ramping up, but so are opportunities. If you’ve been wondering what stocks to buy if Trump wins…or if Kamala wins, now’s your chance to get answers.
Investment expert Alexander Green is hosting a special event where he’ll reveal the top investing strategy for 2025. This is the same strategy that has delivered gains as high as 859% in just 70 days over the past 20+ years.
Alex will also share which sectors are set to thrive under each candidate and reveal his top stock pick for 2025—one that could skyrocket no matter who wins the election.
Don't miss out on this exclusive opportunity to learn how to position yourself for massive gains in the year ahead.
Top Winners and Losers 🔥
Monopar Therapeutics [MNPR] $32.66 (+605.40%)
Monopar Therapeutics skyrockets after landing a deal with AstraZeneca and Alexion for its late-stage Wilson Disease treatment.
QuantumScape Corp [QS] $6.50 (+25.48%)
QuantumScape thrilled investors with stellar third-quarter financials, prompting shares to spike.
Molina Healthcare [MOH] $323.59 (+17.67%)
Molina Healthcare turned heads after crushing estimates for revenue and earnings per share in its quarterly review.
Beyond Inc [BYON] $6.69 (-29.73%)
Beyond stock faltered after the company declared lower-than-expected results in its third-quarter earnings report.
Icon Plc [ICLR] $221.73 (-21.03%)
Icon loses around after announcing lackluster earnings and revenue numbers in its Q3 update.
Newmont Corp [NEM] $49.25 (-14.70%)
Newmont struggled today amid rising costs that cut into the company’s profits.
Future of Healthcare
A little-known biotech company is gaining attention for its innovative approach to wound care.
Its recent financial performance has exceeded expectations, showing impressive growth potential.
With plans to uplist to the NASDAQ, this stock could see even more investor interest.
The company’s advancements in regenerative medicine make it a standout in the industry.
Now might be the perfect time to get in before the buzz takes off.
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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