Diverse Product Manufacturer Generates 28% Gains

Good Afternoon! 

Hey, everyone. It's Adam from Elite Trade Club. Here’s what moved the market today.

Energy Metals (Sponsored)

This Lithium Stock Could Breakout

Demand for lithium continues to show promising momentum, partly fueled by the surging electric vehicle market. 

One emerging explorer operating in Brazil has assembled a substantial portfolio in a region well-known for its significant lithium deposits, and has drawn the attention of notable institutional investors. 

Analysts appear optimistic about its potential for growth, pointing to recent strategic investments and robust development plans.  

Click here to learn more about why this could be an intriguing opportunity in the fast-evolving lithium sector.

Markets 📈

The market suffered today as tariff concerns took center stage once again, taking several U.S. indexes along with it. The Nasdaq Composite fell the hardest, dropping nearly 500 points from yesterday.

Market-Moving News 📈

Retail

Macy’s Lowers Outlook as Sales Growth Slows

Macy’s (NYSE: M) reported its latest earnings, showing weaker-than-expected sales growth and issuing a cautious outlook for the year. While the department store chain exceeded earnings per share expectations, its same-store sales increase fell short of forecasts, reflecting ongoing challenges in the retail sector.

The company cited shifting consumer spending patterns and external cost pressures influencing its financial results. While revenue showed modest gains, Macy’s expects a decline in sales for the coming year, forecasting lower overall revenue and a potential dip in comparable store sales.

In response to the evolving retail environment, Macy’s is working on strategic adjustments, including refining its merchandise mix and strengthening partnerships. The company continues to focus on efficiency improvements across its operations to manage costs while maintaining competitiveness in a challenging market.

Shares of Macy’s experienced fluctuations following the announcement as investors reacted to the company’s updated guidance. The broader retail industry has been navigating similar headwinds, with shifts in consumer demand impacting major brands.

Macy’s remains focused on adapting to changing market conditions and maintaining a strong customer base. As the retail sector continues to evolve, the company prioritizes strategies for long-term stability and growth.

Semiconductors

Allegro Microsystems Dismisses Onsemi’s Takeover Bid as ‘Inadequate’

Allegro Microsystems (NASDAQ: ALGM) has rejected an acquisition bid from Onsemi, stating that the offer did not meet shareholder value expectations. The proposal was an increased bid from a previous offer, but Allegro’s board found it insufficient.

Allegro specializes in magnetic sensing and power integrated circuits (ICs) for automotive, industrial, and AI-driven applications. The company has seen a growing demand for its products as industries adopt advanced semiconductor solutions. Allegro emphasized its commitment to executing its strategic growth plan rather than pursuing a merger at this time.

The rejection of the bid signals Allegro’s confidence in its market position and long-term potential. The company has continued to expand its portfolio, focusing on next-generation sensor technology and power efficiency solutions. With ongoing industry demand for power semiconductors, Allegro sees opportunities to strengthen its footprint independently.

Allegro’s stock performance was affected, reflecting investor sentiment on the rejection. The semiconductor sector has been experiencing significant deal activity, with companies looking to secure supply chain advantages and expand capabilities.

Market watchers are now assessing whether Onsemi will return with a revised offer or if Allegro will continue executing its independent growth strategy.

Technology (Sponsored)

Elon’s New Tech Could Be Bigger Than Tesla & SpaceX… Combined

Forget rockets or brain implants…

Elon’s new AI product could be his biggest invention yet.

Jeff Brown tried it himself recently and caught his experience on camera.

Click here to see this footage because according to Tesla Magazine, this new product “could well shape the technological and economic future of our society.”

Industrial Manufacturing

Siemens Expands U.S. Manufacturing with $285 Million Investment in Texas and California

Siemens is making a significant push into U.S. manufacturing with a new investment to expand its production footprint. The company announced plans to invest in two new facilities located in Texas and California, reinforcing its commitment to domestic manufacturing and industrial growth.

The investment will support the production of electrical equipment used in the commercial, industrial, and construction sectors. The expansion is also expected to power AI data centers, reflecting the growing demand for infrastructure that supports artificial intelligence applications.

The company expects the investment to create over 900 skilled manufacturing jobs in the U.S., strengthening its long-term presence in a key market. This move is part of Siemens' broader strategy to expand its capabilities across North America while enhancing supply chain resilience and supporting U.S. industries.

Alongside this investment, Siemens is pursuing the acquisition of Altair, a Michigan-based software company, further expanding its footprint in the U.S. technology sector. The latest expansion marks a milestone in Siemens' long-term strategy, which has already seen billions of dollars invested in the region over the past two decades.

As global demand for advanced manufacturing and AI-driven infrastructure increases, Siemens continues to position itself as a leader in industrial and technology-driven solutions in the U.S. market.

Myers Industries Inc [MYE] $12.48 (+28.13%)

Myers Industries experienced a significant share price bump after announcing its fourth-quarter and full-year 2024 results.

LendingTree Inc [TREE] $49.34 (+22.52%)

LendingTree is back in investors’ good graces after turning in a stellar Q4 earnings report.

Americas Car Mart Inc [CRMT] $44.47 (+15.93%)

Americas Car Mart crushed Q3 earnings and revenue estimates, sending its stock upward.

Sleep Number Corp [SNBR] $7.49 (-41.89%)

Sleep Number stock tanked on worse-than-expected revenue numbers in its Q4 report.

Methode Electronics Inc [MEI] $6.98 (-28.92%)

Methode Electronics failed to deliver in its third-quarter financial report, causing its stock to drop.

MongoDB Inc [MDB] $192.98 (-26.94%)

MongoDB took a dive on low expected sales growth for the coming fiscal year.

Elon’s Radical Plan (Sponsored)

The DOGE Agenda (Eight Stocks to Buy)

Every investor in America is trying to figure out what Musk will do in Washington, D.C., in the coming weeks.

One Boston-based think tank – who has studied Elon’s work for decades – is stepping forward to share what they’ve found.

They believe his TRUE plan is far more radical than anyone realizes. It could change the way you live, work, get paid, and collect Social Security…

...AND could make more people rich than all of Elon's previous ventures – PUT TOGETHER.

Full story 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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