Biotech Firm Climbs 22% Today

Good Afternoon! 

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

Here’s what moved the market today.

Nasdaq IPO Alert

AI + Smart Glass = A Nasdaq Sleeper

This recent Nasdaq IPO is quietly making waves, thanks to its 95% market share in a $240M aerospace niche.

With patented technology that integrates AI into smart glass, this company is poised for massive growth as the market races toward $124 billion by 2029.

Don’t hesitate. Get the name and symbol now.

Markets 📈

The Dow Jones and S&P 500 continue to move higher during a relatively quiet trading day. The small-cap Russell 2K index was among those to lose ground, dropping more than half a percent from yesterday.

Market-Moving News 📈

Social Media

LinkedIn Faces Lawsuit Over Alleged Use of Private Messages for AI Training

LinkedIn is facing a lawsuit from Premium subscribers who claim their private messages were shared with third parties to train generative AI models without consent. The class action, filed in federal court, alleges that LinkedIn introduced a privacy setting in August 2024, allowing users to opt in or out of sharing personal data. However, the suit contends that the platform later updated its privacy policy in September, enabling data usage for AI training, while also stating that opting out would not reverse past data sharing.

The plaintiffs argue that LinkedIn’s actions were an attempt to avoid public backlash and legal repercussions, given its previous promise to protect user privacy. The lawsuit seeks damages for breach of contract and violations of California’s unfair competition laws, alongside potential penalties for breaching the federal Stored Communications Act. It specifically targets LinkedIn Premium customers who sent or received private messages that may have been shared for AI training before the policy update.

This legal challenge comes shortly after President Trump’s announcement of a major AI infrastructure project involving Microsoft and other tech companies, highlighting the growing scrutiny on data privacy in the rapidly advancing field of artificial intelligence.

Energy

Oil Prices Fluctuate as Trade Threats and Russian Sanctions Impact Market

Oil prices showed signs of volatility following new tariff threats from President Donald Trump against China and the European Union, as well as continued concerns over the impact of unprecedented U.S. sanctions on Russia. West Texas Intermediate crude remained near $76 per barrel, following a string of declines attributed to the potential risks a global trade conflict could pose to oil demand and economic growth.

Trump's expanded tariff threats, including a 10% tax on imports from China and the EU, have raised concerns, especially as these regions are major consumers of energy. The U.S. is also facing the possibility of higher tariffs on Canadian oil, which has prompted an influx of crude shipments to the U.S. in anticipation of potential levies. While these tariffs could lead to increased gasoline prices for U.S. consumers, experts have warned of the economic consequences.

At the same time, the impact of sanctions on Russian oil continues to weigh heavily on the market. As countries scramble for alternative supplies, the value of Dubai crude has risen, and concerns over supply disruptions persist. Despite these challenges, crude prices have held steady, supported by the ongoing sanctions and extreme winter weather affecting energy markets in the northern hemisphere.

Next Big Bet

iGaming’s Next Big Stock Winner

The $210B iGaming market is growing fast, with NJ leading the way.

This stock, with 60% revenue growth and a 20% retention rate, is perfectly positioned for explosive gains.

Get the full report right here.

E-Commerce

Amazon to Shut Down Quebec Operations, Cutting 1,700 Jobs

Amazon is pulling out of Quebec, resulting in the loss of approximately 1,700 full-time jobs. The company will wind down its operations at seven locations across the province over the next two months. This move marks a return to Amazon's pre-2020 delivery model, relying on local small businesses for logistics rather than operating its own network.

The company cited a review of its Quebec operations, indicating that this shift would allow them to pass on savings to customers. The closure will also affect around 250 seasonal workers, with Amazon offering compensation packages that include up to 14 weeks of pay and job placement assistance.

This decision comes after Amazon’s warehouse workers in Quebec unionized earlier this year, citing concerns over wages and safety conditions. The union, which represents workers at the Montreal-area site, criticized the move, claiming it targets the company’s only unionized location in Canada. The union is also voicing concerns that this decision is part of a broader anti-union strategy, with some alleging the closures violate Quebec’s labor laws.

Grail Inc [GRAL] $22.64 (+22.44%)

Grail somewhat mysteriously jumped in valuation today as the early cancer detection firm continues to work through pipeline projects.

Arm Holdings Inc [ARM] $179.93 (+15.93%)

Arm Holdings rallied following mention that the company will be a strategic partner in the launch of the Stargate AI project.

Palladyne AI Corp [PDYN] $9.51 (+12.68%)

Palladyne AI landed an Air Force contract to enhance AI on U.S. UAVs, leading to share price gains.

Agilysys Inc [AGYS] $100.67 (-20.04%)

Agilysys lost ground today after sharing subpar financial results in its Q3 report.

Workiva Inc [WK] $98.83 (-13.25%)

Workiva announced the date for its full-year 2024 financial release, causing some investors to pull back early.

Skillsoft Corp [SKIL] $29.54 (-10.48%)

Skillsoft shares slipped as shareholders questioned the company’s turnaround strategy for the coming year.

Future of Flight

$3 Electric Aviation Stock With Tremendous Potential

The electric aviation market is just taking off, and this company is at the forefront.

With significant revenue and strategic partnerships, this stock is poised to make a big impact.

Get this stock’s full report here.

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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