BioTech Firm Boasts 26% Gains

Good Afternoon! 

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

Here’s what moved the market today.

Markets 📈

Selloffs continue into Friday, causing most U.S. indexes to lose ground once again. The Nasdaq Composite managed to come out okay, gaining over half a point on the day.

AI

The $100 Trillion AI Opportunity You Can’t Afford to Miss

AI isn’t just a tech trend—it’s transforming industries at an unprecedented scale, and the window to invest early is closing.

Renowned investor and entrepreneur James Altucher believes AI will become the first $100 trillion industry, and he’s predicting it will create incredible wealth for those who act fast.

The potential here is massive. Altucher has a history of bold predictions, and now he’s saying that a carefully timed $10,000 investment in the right AI stocks could grow to $1 million within the next few years.

But with the “wealth window” potentially shutting as soon as this month, it’s a race against time.

This could be a chance to catch the next wave of AI growth before it dominates the market. Altucher is revealing his top AI stock pick for free in his latest report, helping you jump in with expert-backed insight.

Don’t miss this chance to get ahead—click here to access the free AI report and see why early investors are calling this the opportunity of a lifetime.

*This is a paid advertisement for Altucher’s Investment Network. All investing involves risk, including the loss of principal. Past performance is not indicative of future results, and projections of growth are not guaranteed. The $1 million target is based on specific market conditions and expert assumptions which may not come to pass. Always perform your own due diligence and consult a financial advisor before making investment decisions.

Market-Moving News 📈

Scout Motors Shifts Gears with New Electric and Hybrid Lineup for the U.S. Market

Scout Motors, backed by Volkswagen, has unveiled its first electric vehicles along with plans to introduce extended-range electric models as part of a broader expansion strategy. Initially, Scout aimed to focus solely on fully electric models to establish a presence in the U.S. market. However, challenges in EV adoption and costs led to the decision to include plug-in hybrid-style vehicles with extended ranges. These new models combine electric power with a backup internal combustion engine to sustain electric components when needed.

The first releases will be the Traveler SUV and Terra pickup, both expected to appeal to the high-demand U.S. market for large vehicles. Scout plans to sell these vehicles directly to consumers, moving away from traditional dealership models. Production is set to take place at a new facility in South Carolina, which is expected to manufacture around 200,000 vehicles per year.

With designs inspired by classic Scout models, the new SUV and truck offer updated features like large digital screens and smooth, modernized styling. The vehicles, targeting release in 2027, are priced competitively and will incorporate advanced charging standards, allowing them to function as power sources when needed. Scout anticipates a solid market presence by combining affordable pricing, innovative features, and broad consumer appeal.

Capri's Merger with Tapestry Hits Legal Roadblock

Capri Holdings recently encountered a setback after a federal judge blocked its proposed acquisition by Tapestry. This decision led to a sharp drop in Capri’s shares, while Tapestry's stock rose. The court ruled that combining the two companies would reduce competition in the “accessible luxury” market, especially among popular brands like Coach, Kate Spade, and Michael Kors.

The Federal Trade Commission requested the injunction, arguing that the merger would harm consumer choice within this market segment. Capri and Tapestry had countered that the market includes many competitors, but the judge ultimately determined there was substantial evidence of competition risks.

With the acquisition on hold, analysts have varied outlooks on Capri’s value if the deal doesn’t proceed. Estimates for Capri’s standalone value range from the mid-teens to low $20s per share, indicating potential losses if no alternative arises. Tapestry announced it will appeal, reinforcing its commitment to the merger.

This unexpected block impacts Capri investors, many of whom anticipated a favorable outcome as Capri’s stock rose 21% during the trial. Tapestry’s appeal now faces an uphill battle as it addresses the court’s antitrust concerns.

OpenAI Set to Unveil Orion Model Amid Major Changes and Funding Boost

OpenAI is preparing to launch its latest AI model, Orion, with expectations set for a December release. Unlike prior models, Orion’s rollout will initially be limited to select business partners, allowing these companies to build products and features with early access. Sources suggest that Microsoft, OpenAI’s key collaborator, is getting ready to host Orion on Azure as soon as November. Orion is regarded as the successor to GPT-4, though it’s unclear if it will officially carry the GPT-5 designation.

Orion has been described by an OpenAI executive as a significantly more advanced model, potentially many times more powerful than GPT-4. It marks another step in OpenAI's mission to develop increasingly capable AI models, potentially moving toward artificial general intelligence. The model is expected to bring together learnings from previous versions, with OpenAI recently completing its training.

This development comes on the heels of a major funding round for OpenAI, where it raised $6.6 billion, which led to structural changes as it reoriented toward a for-profit model. Additionally, OpenAI is experiencing shifts in leadership, with the recent departure of key team members, including the CTO and other top executives. The introduction of Orion represents both an expansion of OpenAI’s capabilities and a significant milestone amid this period of change.

Election Edge

The #1 Thing Every Investor Must Know Before Election Night

Election night, November 5th, will see millions watching to find out who will lead the country. But by that time, the biggest investing opportunity of the season may already be gone.

That's why on October 29th at 2 p.m. ET, renowned investor Alex Green is hosting a free online event to reveal a unique election strategy that could potentially unlock massive gains.

This is the same strategy that, looking back, could have delivered 752% during Obama’s first year, 3,413% under Trump, and 2,067% with Biden.

Alex believes 2025 could yield even more impressive results for those who take action early. By understanding how this strategy works, you could position yourself ahead of the crowd and make election night more than just a spectator event.

Click here to RSVP for this free event and discover how to leverage election-driven market moves for potentially life-changing returns.

ImmunityBio Inc [IBRX] $5.32 (+26.37%)

ImmunityBio shares climb after its first patients are dosed in a trial for treatment of relapsed lymphoma.

ZEEKR Intelligent Technology [ZK] $28.85 (+24.84%)

ZEEKR Intelligent Technology continues to shine thanks to a positive outlook and analyst assessments.

Newell Brands Inc [NWL] $8.73 (+21.59%)

Newell Brands sees significant gains after a big profit boost and an update on the company’s direction.

Capri Holdings Ltd [CPRI] $21.26 (-48.81%)

Capri Holdings shares tanked after a judge blocked merger plans with fashion company Tapestry.

Tyra Biosciences Inc [TYRA] $21.93 (-23.35%)

Tyra Biosciences stock crumbles after reporting interim data on its urothelial cancer drug.

TriNet Group Inc [TNET] $80.31 (-12.35%)

TriNet Group posted lackluster third-quarter results, prompting investor pullback.

Bigger than Bitcoin

Missed Out on Crypto? Here’s Your Next Big Opportunity

If you felt like you missed the boat on Bitcoin, there's another game-changing opportunity on the horizon.

James Altucher, the renowned investor who famously predicted Bitcoin’s rise back in 2011, believes that AI is set to be 10X bigger than crypto. According to Altucher, a unique “wealth window” is opening in AI, but he warns it won’t stay open for long.

Altucher is pinpointing the AI companies set to lead this transformation and believes that early investments could yield life-changing returns.

He’s calling this the opportunity of the decade—a chance to get in before AI becomes a $100 trillion industry.

This free report details the AI stocks poised to benefit from this boom, including one of Altucher’s top picks to help you start strong.

Get the report now and see how AI could become your next big win.

*This is a paid advertisement for Altucher’s Investment Network. All investing involves risk, including the loss of principal. Past performance is not indicative of future results, and projections of growth are not guaranteed. The $1 million target is based on specific market conditions and expert assumptions which may not come to pass. Always perform your own due diligence and consult a financial advisor before making investment decisions.

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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