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- Biotech Company Gains 20% on Slow Market Day
Biotech Company Gains 20% on Slow Market Day
Adam Garcia
December 30, 2024
Good Afternoon!
Hey, everyone. It's Adam from Elite Trade Club.
Here’s what moved the market today.
Income-Generating Assets
For years, high-performing commercial properties leased by industry leaders like Walmart, Kroger, and CVS were accessible only to major institutions.
These necessity-based assets are designed for stability, offering consistent cash flow and the potential for long-term appreciation—making them a powerful addition to a well-rounded portfolio.
With access to off-market deals and a team of experienced professionals guiding the way, this is your opportunity to invest in assets built for growth and resilience.
Take the first step toward building lasting wealth with institutional-grade investments.
Markets 📈
The market tumbled as the year nears its end. Several big-name stocks slid as a result, causing the Dow Jones to lose over 400 points by the closing bell.
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Market-Moving News 📈
Energy
Vivid Seats Explores Sale After Receiving Takeover Interest
Vivid Seats, the online ticketing platform, is considering a potential sale after receiving interest from prospective buyers. The company, which went public via a SPAC in 2021, has seen its stock price rise by up to 20% following the news.
Based in Chicago, Vivid Seats competes with StubHub and SeatGeek in the ticketing marketplace. The company is working with advisors to evaluate offers and assess potential suitors. While there has been interest from private equity firms, discussions are still ongoing, and there is no certainty that they will lead to a deal.
Despite Monday’s gains, Vivid Seats’ stock had fallen by 40% over the past year before the recent surge, giving the company a market value of around $900 million. In 2021, the company merged with Horizon Acquisition Corp., a deal backed by Eldridge Industries, which holds a notable portion of Vivid Seats' shares. Although there is significant interest in the company, the outcome of the ongoing discussions remains uncertain.
Crypto
MicroStrategy Continues Bitcoin Buying Streak with $209 Million Purchase
MicroStrategy has continued its Bitcoin acquisition strategy, purchasing an additional $209 million worth of the cryptocurrency. This marks the eighth consecutive week of buying for the software company, which has increasingly become a major player in the Bitcoin market.
The firm, under the leadership of co-founder Michael Saylor, has been steadily expanding its Bitcoin holdings, with the latest purchase bringing its total to over 2,100 Bitcoin. Despite recent fluctuations in Bitcoin’s price, including a drop from previous highs above $100,000, MicroStrategy has maintained its acquisition pace.
As part of its broader plan, MicroStrategy aims to raise $42 billion in the next three years through stock sales and convertible debt to fund further Bitcoin purchases. The company is already ahead of schedule, having secured over two-thirds of its target in just two months.
This strategy has propelled MicroStrategy’s market value to over $80 billion, earning it a place in the Nasdaq 100 Index. Hedge funds have shown interest in the company, utilizing convertible arbitrage strategies to capitalize on its stock's volatility. To support its capital-raising efforts, MicroStrategy is seeking approval to increase the number of authorized shares of its Class A and preferred stock.
Futures
Cocoa Futures Rebound as Supply Concerns Drive Market Volatility
Cocoa futures saw a rebound after experiencing their largest weekly drop since October, fueled by ongoing supply concerns. Prices in both London and New York rose by about 4% on Monday before slightly pulling back. This increase follows a steep decline of over 15% in New York futures the previous week.
The market remains highly sensitive to concerns over crop yields in West Africa, which accounts for the majority of global cocoa production. The volatility in cocoa prices has made it one of the most closely watched commodities this year. While some traders are taking profits after reaching record-high prices, others worry that another disappointing harvest will further tighten supplies. Certified stockpiles continue to dwindle, reaching their lowest levels in nearly 20 years.
In other agricultural markets, corn futures also gained, driven by fears of dry weather in Argentina that could impact crop yields. While recent rainfall may provide some relief, concerns over prolonged drought conditions remain. Additionally, strong weekly export sales data have supported prices for corn and other grains as 2024 comes to a close.
AI
Elon Musk’s latest venture is poised to redefine a $9 trillion AI industry, and one under-the-radar company is at the center of it all.
This supplier, tied directly to Elon’s revolutionary tech, is expected to skyrocket—and with Musk’s big reveal scheduled for January 22nd, time is running out to get ahead of the news.
Tech investing expert Jeff Brown, known for calling winners like NVIDIA and Tesla, believes this opportunity could eclipse them all.
Before the market catches on, learn how this small company could lead the charge in AI's next wave.
The countdown is on. Don’t miss out.
Top Winners and Losers 🔥
Mesoblast Ltd [MESO] $21.04 (+20.02%)
Mesoblast is back up after receiving approval for its immune condition medication just over a week ago.
Quicklogic Corp [QUIK] $11.71 (+18.76%)
Quicklogic continues to climb after securing a $6.57 million contract for its strategic radiation-hardened program.
Gorilla Technology Group [GRRR] $22.41 (+18.70%)
Gorilla Technology made progress in improving its balance sheet, signaling a return by investors.
Traws Pharma Inc [TRAW] $8.42 (-37.26%)
Traws Pharma lost ground during a campaign to raise millions of additional dollars targeting respiratory viral disease treatments.
My Size Inc [MYSZ] $4.41 (-32.26%)
My Size shares its expansion plans today, instilling doubt in shareholders over the direction of the company is headed.
Rumble Inc [RUM] $13.84 (-9.13%)
Rumble stock continues to deal with volatility and investors cashing in profits as the year comes to a close, sending shares downward.
Real Estate
Imagine owning a stake in high-performing properties leased to household names like Walmart, CVS, and Kroger.
For years, these institutional-grade assets were out of reach for individual investors—until now.
Accredited investors can now access grocery-anchored and essential-service properties designed for stability and growth.
With necessity-based tenants driving consistent performance, these investments are built to weather economic shifts and deliver strong potential returns.
Opportunities like this don’t stay under the radar for long. Take your portfolio to the next level with assets built for lasting value.
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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