Biotech Company Sees Triple-Digit Gains

Good Afternoon! 

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

Here’s what moved the market today.

Markets 📈

The market started off the week on a sour note as U.S. indexes fell. The Nasdaq Composite dipped the furthest, losing over a point on the day.

Technology

Is This the Next Big Name in Tech? 60M+ in revenue and 45M+Users

This fast-growing tech company has seen an incredible 32,481% growth in just three years, with over $60M in revenue and 45M+ users.

Their innovative product allows users to earn and save while engaging in everyday activities like listening to music, playing games, and even charging their devices.

With shares currently priced at just $0.25 and with a market size that could be 10X bigger than Uber’s, this company is unlocking a new income-generating asset class for billions of consumers.

This is a unique opportunity to invest early before the rest of the market catches on.

Find out how you can get involved now!

Market-Moving News 📈

Rio Tinto Eyes Major Lithium Deal Amid Market Shifts

Rio Tinto Group is pursuing a potential acquisition of Arcadium Lithium Plc, aiming to expand its presence in the critical energy-transition metals market. This move highlights a renewed focus on growth within the mining sector as major players seek to strengthen their hold on essential resources for the green energy shift.

While financial specifics weren't disclosed, if completed, this deal would mark Rio Tinto's largest acquisition in over a decade. The timing of the approach, however, has raised concerns among Arcadium’s investors, given the company's recent stock underperformance and market challenges faced by the lithium sector.

Lithium prices have dropped significantly since last year due to oversupply and weaker demand from electric vehicle manufacturers, making Arcadium a potential target for opportunistic buyers. The company, which operates across several countries, including Argentina and China, has struggled alongside other mining stocks this year.

The proposed acquisition comes amidst a broader trend of strategic investments in the mining industry, but the challenges of timing and valuation remain central as shareholders assess the offer’s potential impact. Both companies are carefully weighing the risks and rewards as the lithium market continues to evolve.

Uber and Lyft Face Setback in California Driver Misclassification Lawsuit

The U.S. Supreme Court has declined to review a challenge by Uber and Lyft regarding lawsuits filed by the state of California. The legal battle centers on the classification of drivers as independent contractors rather than employees, a distinction that affects wage and benefit protections.

California's lawsuits, initiated back in 2020, claim that the ride-hailing companies owe compensation to drivers who were allegedly misclassified. Despite agreements requiring drivers to settle disputes through arbitration, California's attorney general and labor commissioner argue that the state can still seek damages on their behalf.

The companies had contended that federal law prohibits states from intervening in such matters, but a state court upheld the lawsuits, and the Supreme Court chose not to intervene. This decision marks a setback for Uber and Lyft, as other states with similar political leanings may pursue comparable claims.

California, along with other states, has been pushing for stronger worker protections, while companies like Uber and Lyft advocate for contractor status with added benefits. Meanwhile, legal disputes over the employment status of gig workers continue to arise, with no definitive resolution on the horizon.

Philips Hue Unveils AR Lighting Preview and New Smart Home Enhancements

The recent update to the Philips Hue app has brought several exciting features aimed at enhancing user experience. One standout addition is the augmented reality (AR) tool that allows users to visualize how various Hue products will look in their spaces. This feature is specifically designed for iPhone Pro and iPad Pro models equipped with a lidar sensor and is found within the app’s Explore tab. Users can experiment with a variety of products, including the Hue Twilight sunrise lamp and the Hue Infuse ceiling light, seeing how different lighting effects and colors will alter the ambiance of a room.

While the AR preview offers a glimpse of how these products can enhance your home, it is still being fine-tuned. Users reported some inconsistencies, such as objects floating unexpectedly, but the overall functionality allows for simulation of lighting changes throughout the day and night.

Additionally, the new "do not disturb" option is now a permanent feature, which allows users to control when motion sensors react, ensuring lights remain on even if a sensor detects movement. Other improvements include the ability to program Hue switches to activate timers and to mimic presence automation, enhancing the smart home experience while providing additional security features.

Gold

This Small-Cap Stock Could Be the Next Big Winner

Gold is hitting record highs, surging past US$2,600 per ounce, and smart investors are preparing for what could be an unprecedented bull run.

This small-cap gold stock, trading around US$0.25 per share, has already confirmed over 4 million ounces of gold in its U.S. flagship project, and it's set to drill for even more high-grade reserves.

With the strongest gold bull market in years, the potential for explosive gains in the small-cap space is real.

This company is positioned to capitalize on the rising gold prices and is backed by an experienced team with a track record of delivering shareholder value.

Don’t miss out on this opportunity—get all the details in the FREE report and position yourself ahead of the next big move in gold.

Scholar Rock Holding Corp [SRRK] $34.28 (+362%)

Scholar Rock shares skyrocketed today after a huge win in the final phase of its muscular atrophy trial.

Duckhorn Portfolio [NAPA] $10.95 (+102.97%)

Duckhorn Portfolio announced today that it’s being acquired in an all-cash deal by Butterfly.

Super Micro Computer [SMCI] $47.74 (+15.79%)

Super Micro Computer rebounded nicely as AI demand kicked shipments into high gear.

Galecto Inc [GLTO] $8.46 (-27.53%)

Galecto finally completed its strategic review to focus on liver disease and cancer treatments while also moving to acquire assets from Bridge Medicines.

Halozyme Therapeutics [HALO] $53.85 (-9.01%)

Halozyme Therapeutics shares drop after receiving a downgrade from Wells Fargo.

Oscars Health [OSCR] $18.48 (-8.29%)

Oscars Health falters as analysts see little upside potential in its valuation for the near future.

The Future of Smartphones

Disruptive Tech Stock With 32,481% Growth in 3 Years

This fast-rising tech company is shaking up the smartphone industry, allowing users to earn and save money while performing daily activities like streaming music and playing games.

With over 45 million users and $60M+ in revenue, it’s making waves in the tech world.

Shares are currently available at just $0.25, offering investors a rare chance to buy in early.

With its rapid growth and innovative business model, this company is poised for massive expansion, and the market is just starting to take notice.

Don’t miss out on this opportunity—act now before the stock takes off.

Learn more about this high-upside investment today!

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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