Biotech Firm Cultivates 49% Gains

Author

Adam Garcia
December 03, 2024

Good Afternoon! 

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

Here’s what moved the market today.

Markets 📈

The market showed mixed results today as U.S. indexes moved in both directions. The Nasdaq Composite kissed another all-time high, growing 76 points on the day.

  • DJIA [-0.17%]

  • S&P 500 [+0.04%]

  • Nasdaq [+0.40%]

  • Russell 2K [-0.73%]

Technology

Smartphones have been a massive expense for most people, with new models costing as much as $1,499. But one company is flipping the script, turning phones into income-generating tools.

Their ‘EarnPhone technology’ pays users for everyday activities like using apps, streaming music, and watching videos.

With 32,481% revenue growth between 2019 and 2022, this company ranked #1 in software on Deloitte’s 500 fastest-growing companies list.

Their partnerships with giants like Amazon and Walmart are setting the stage for significant expansion, and their impact has already helped users earn and save over $325 million.

Now, they’re offering investors the chance to get in early at just $0.26 per share, with up to 100% bonus shares for a limited time.

* This is a paid advertisement for Mode Mobile Regulation A offering. Please read the offering circular and related risks at invest.modemobile.com.

Market-Moving News 📈

China Tightens Mineral Export Restrictions in Trade Dispute with US

China has announced a new set of restrictions targeting exports of key minerals to the United States. The latest measures apply to gallium, germanium, and antimony, materials with dual-use applications in both military and civilian technologies. The restrictions, citing national security concerns, also impose stricter scrutiny on graphite items destined for the U.S. market.

This move escalates trade tensions between the two largest global economies, following earlier steps to limit mineral exports. Although the U.S. has not received significant shipments of gallium or germanium from China this year, these materials are vital for semiconductors, infrared systems, fiber optics, and solar technology. Antimony, another critical resource used in military and energy applications, has seen a dramatic drop in Chinese export volumes, further tightening global supply chains.

China’s dominance in refining these critical materials—accounting for the majority of global output—puts additional strain on Western industries reliant on stable supply. As demand for these resources grows amid limited availability, prices for related materials have surged in global markets. The announcement follows intensified U.S. efforts to curb China’s semiconductor advancements, signaling heightened economic competition.

GM Issues Recall Over Tailgate Safety Concerns

A recent vehicle recall has been announced involving over 130,000 trucks due to an issue with their tailgates. The recall includes specific 2024 models of Chevrolet Silverado HD and GMC Sierra HD trucks equipped with power-operated tailgates.

The problem stems from potential water intrusion, which could cause a short circuit in the electronic release mechanism of the tailgate. This malfunction might lead to the tailgate unlatching unexpectedly, even when the vehicle is stationary.

Truck owners are being advised to double-check that their tailgates are securely latched before driving. To resolve the issue, affected vehicles will receive a replacement of the exterior touchpad switch assemblies at no cost to the owner. The automaker has outlined the steps for addressing the defect through its dealership network.

Vehicle recalls for safety concerns like this serve as reminders of the importance of timely maintenance and prompt response to manufacturer notices. Owners of impacted models are encouraged to take action promptly to ensure their vehicles meet safety standards.

Frontier Airlines Unveils Premium Seating and Loyalty Upgrades

Frontier Airlines is adjusting its strategy to attract a broader range of customers by introducing premium seating options. Starting in September, the airline plans to replace the first two rows of its economy seats with four spacious premium seats arranged in a two-by-two configuration. This marks a shift for the carrier, traditionally known for its no-frills approach.

Additionally, the airline is enhancing its loyalty program. Members at higher tiers will gain access to seat upgrades, companion ticket offers, and options to redeem miles for fees like baggage costs starting in 2025. These updates aim to increase customer satisfaction and loyalty, positioning the airline competitively in a market where premium services are becoming a significant draw.

The shift comes as competition intensifies in the industry, with airlines investing in upgraded seating and amenities to attract travelers willing to pay for additional comfort. Frontier’s revamped cabin layout is designed to cater to those preferences while maintaining competitive pricing.

This move aligns with broader trends among both budget and legacy carriers, which are finding ways to balance affordability with premium experiences. With these changes, Frontier aims to stay relevant and appealing in a highly dynamic market.

Energy

Artificial intelligence is booming, but there’s one massive challenge: energy. Without it, AI will never scale. That’s why Microsoft, Tesla, and Google are signing multi-decade energy deals to fuel their growing data centers.

With its innovative solutions and growing interest from major tech players, this stock could be the investment opportunity of the decade.

Top Winners and Losers 🔥

Janux Therapeutics Inc [JANX] $19.68 (+48.98%)

Janux Therapeutics continues to rise on news of its prostate cancer drug trial results.

Credo Technology Group Holding [CRDO] $70.69 (+47.89%)

Credo Technology saw big gains after reporting stellar Q2 financials earlier today.

Core & Main Inc [CNM] $55.78 (+15.49%)

Core & Main shares shot up following record revenue numbers in the company’s third-quarter report.

The Children’s Place [PLCE] $12.25 (-24.15%)

The Children’s Place dipped today as investors shared concerns over the company’s Q3 earnings snapshot.

Unusual Machines Inc [UMAC] $11.85 (-21.37%)

Unusual Machines slipped again as investors question Donald Trump Jr’s appointment and role in the company.

Transmedics Group Inc [TMDX] $71.44 (-16.09%)

Transmedics Group stock fell as the company embraces a new CEO and tighter revenue goals for the coming year.

Future of Smartphones

The smartphone market is being disrupted in ways no one saw coming. While major players focus on premium pricing, one innovative company is rewriting the rules—and it’s catching the attention of investors everywhere.

With a staggering 32,481% revenue growth from 2019 to 2022, this company has already helped millions save over $325 million while positioning itself for even greater expansion.

Strategic partnerships with Amazon and Walmart are paving the way for its continued dominance in a $1 trillion industry.

At just $0.26 per share, with an opportunity for up to 100% bonus shares, this is your chance to get in on a company that’s reshaping the future of smartphones.

* This is a paid advertisement for Mode Mobile Regulation A offering. Please read the offering circular and related risks at invest.modemobile.com.

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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