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Furniture Manufacturer Assembles 30% Gains
Adam Garcia
February 04, 2025
Good Afternoon!
Hey, everyone. It's Adam from Elite Trade Club.
Here’s what moved the market today.
AI (Sponsored)
AI is moving fast. That’s why we started Mindstream, to help you stay on top of the rapid developments in the space and integrate AI into your work life successfully.
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Markets 📈
The market fought climbed back after yesterday’s tariff-induced dip, bringing several U.S. indexes with it. The Russell 2K small cap climbed the highest, adding just shy of a percent and a half to its total.
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Market-Moving News 📈
Automotive
GM Takes Full Control of Cruise, Shifts Focus to Personal Autonomous Vehicles
General Motors (NYSE: GM) has fully acquired Cruise, marking a strategic shift from robotaxis to autonomous technology for personal vehicles. The move follows GM’s decision in December to halt funding for Cruise’s robotaxi business after facing regulatory and operational challenges.
With this transition, GM plans to integrate Cruise’s self-driving technology into its Super Cruise system, enabling hands-free driving on 750,000 miles of roads across North America. Super Cruise is available on over 20 GM models and is expected to expand into urban environments as part of GM’s long-term vision for personal autonomous vehicles.
As part of the acquisition, GM is reducing Cruise’s workforce by 50%, with nearly 1,000 employees impacted. The company said the restructuring will accelerate the development of assisted and fully autonomous driving features.
During its recent earnings call, GM executives highlighted Super Cruise as a key area of future growth, projecting it could generate $2 billion in annual revenue within five years. CEO Mary Barra emphasized the importance of scaling autonomous driving technologies while ensuring safety and regulatory compliance.
By shifting its focus from robotaxis to personal autonomous vehicles, GM aims to position itself as a leader in consumer-driven autonomy, leveraging Cruise’s technology to enhance its lineup of advanced driver assistance systems.
Aerospace
Boeing Supplier Spirit AeroSystems Prepares for 737 MAX Ramp-Up
Boeing (NYSE: BA) is moving forward with plans to ramp up 737 MAX production, supported by key supplier Spirit AeroSystems (NYSE: SPR), which has accumulated a substantial inventory of fuselages with improved quality, ready for shipment.
The company aims to restore production to a monthly rate of 38 jets in 2025 after significantly slowing output last year. Boeing cut production in response to quality concerns following a midair panel blowout on a newly delivered 737 MAX that raised safety and regulatory scrutiny.
Spirit AeroSystems plays a crucial role in Boeing’s supply chain, manufacturing fuselages and other components. The company has implemented additional quality controls to address past production issues, essential to Boeing’s recovery efforts.
Industry analysts view the production increase as a key test of Boeing’s ability to stabilize its supply chain and meet demand. The 737 MAX remains a critical product for Boeing’s commercial aircraft segment, with airlines relying on timely deliveries to support fleet expansions.
While challenges remain, Boeing’s ability to meet its production goals will be closely monitored by investors, regulators, and airline customers looking for consistency in aircraft manufacturing and delivery timelines.
Technology (Sponsored)
With Trump’s return, a $510 billion sovereign wealth fund just declared that the U.S. is about to enter “one of the best tech environments we’ve ever seen.”
And one company—flying under the radar—is perfectly positioned to capitalize on it.
This firm has already helped 45M+ users earn and save over $325M, turning smartphones into income-generating assets. With 32,481% revenue growth, it was named North America’s fastest-growing software company by Deloitte.
Now, with its Nasdaq ticker secured ($MODE) and shares available at just $0.26, early investors have a chance to get in before the market catches on.
The last time we had a pro-business administration, tech stocks like Tesla soared 1,200%+.
Could this be the next breakout winner?
Artificial Intelligence
OpenAI Legal Battle Raises Questions Over Future Valuation and Investments
OpenAI is set to defend its corporate restructuring plans in a U.S. federal court as Elon Musk escalates his legal efforts to halt the AI company’s transition into a for-profit entity. The lawsuit, filed by Musk last year, claims that OpenAI is abandoning its original nonprofit mission in favor of commercial interests.
The case comes at a critical time for OpenAI, which is currently in discussions for a fundraising round of up to $25 billion, following its previous $6.6 billion investment. Restructuring is key to securing this capital, as investors require clarity on OpenAI’s profit model before committing to further funds. A court ruling against OpenAI could disrupt these investment flows and potentially impact the company’s valuation, a key factor for shareholders and future backers.
Musk, who co-founded OpenAI in 2015 before launching his own AI company, xAI, argues that OpenAI’s transition prioritizes financial gain over its original goal of AI for the benefit of humanity. OpenAI has dismissed Musk’s claims, stating that he should compete in the marketplace rather than in court.
With AI investments driving stock market trends, OpenAI’s legal outcome could influence investor sentiment and valuations of AI-related stocks, including those of major backers like Microsoft.
Top Winners and Losers 🔥
Flexsteel Industries Inc [FLXS] $63.05 (+30.81%)
Flexsteel showed strong performance in its second-quarter financial report, causing shares to rise.
Palantir Technologies Inc [PLTR] $103.83 (+23.99%)
Palantir Technologies experienced a stock boost after crushing earnings expectations for its Q4.
BlackSky Technology Inc [BKSY] $17.70 (+16.52%)
BlackSky Technology landed a multi-year contract to deliver space-based imagery services to its growing customer base.
Atkore Inc [ATKR] $64.13 (-19.56%)
Atkore sunk on lower-than-expected sales numbers in its Q4 report.
Estée Lauder Cos Inc [EL] $69.47 (-16.07%)
Estée Lauder announced it would cut 7,000 jobs as the company’s sales declined during its third quarter.
Premier Inc [PINC] $19.11 (-14.69%)
Premier updated shareholders on lagging earnings and revenue estimates, sending shares down.
Tech Stock to Watch (Sponsored)
Trump’s pro-business policies could ignite one of the biggest tech surges in U.S. history—and smart investors are already making their move.
A fast-growing company has developed technology that pays Americans for their phone usage, already benefiting 45M+ users and driving explosive growth.
With a Nasdaq listing secured and shares at just $0.26, this stock could be one of the biggest breakout plays of the year.
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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