Biotech Firm Surges 58% Today

Good Afternoon! 

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

Here’s what moved the market today.

Crypto Market

Could These “Trump Coins” Spark the Next Crypto Boom?

Back in 2017, President Trump’s inauguration marked the start of a historic crypto surge, turning modest investments into extraordinary gains. Coins like Monero, Stellar, and ReddCoin delivered life-changing returns for those who acted early.

Now, as America prepares for its first pro-crypto president, the stage is set for another potential breakthrough. Tech expert Jeff Brown believes this moment could redefine the crypto market and create unprecedented opportunities for investors.

Jeff has identified specific “Trump coins” he believes are poised to soar under the new administration, with one in particular that could deliver exponential returns.

Click here to save your seat and uncover the “Trump coins” to watch now

Markets 📈

The market rebounded at the end of the day, allowing some U.S. indexes to squeak out a win. The Dow Jones saw the most improvement, rising 0.25% from yesterday.

Market-Moving News 📈

Business

Amazon Workers in North Carolina to Vote on Unionization Next Month

Amazon warehouse workers in Garner, North Carolina, are gearing up for a pivotal union election in February. Employees at the facility, known as RDU1, will vote over several days to decide whether to unionize, marking the latest chapter in the company’s labor relations challenges. The grassroots group Carolina Amazonians United for Solidarity and Empowerment (CAUSE), led by current and former employees, has spearheaded the effort after three years of organizing.

If successful, the warehouse would become only the second Amazon site in the U.S. to unionize. The first was Amazon’s largest facility in New York City, where workers voted to join the Amazon Labor Union in 2022. However, that group faced challenges negotiating a contract, eventually affiliating with the Teamsters.

Unionization efforts at Amazon warehouses across the U.S. have been met with hurdles, including failed votes and legal disputes. In Alabama, for instance, a federal labor judge ordered a third re-run election after finding Amazon improperly influenced previous votes.

CAUSE, which recently filed for the election, aims to secure better wages and improved working conditions for employees. This comes on the heels of strikes by Amazon workers at multiple facilities during the holiday season, pushing for negotiations on workplace concerns.

Electric Vehicles

Honda Unveils Zero Prototypes and New Operating System at CES

Honda unveiled its highly anticipated battery-electric prototypes, the Honda 0 SUV and the Honda 0 Saloon, at CES in Las Vegas. These vehicles, built on the company’s Space-Hub and Saloon concepts, respectively, are slated for production in 2026 and will feature the automaker’s new in-house Asimo operating system. This platform promises enhanced customization and advanced automated driving capabilities, offering a glimpse into Honda’s vision for future mobility.

The Honda 0 SUV stands out with a unique rear cargo design, while the sleeker Saloon incorporates retro-inspired elements, including innovative headlight designs. Both models reflect a balance of futuristic aesthetics and functionality, aiming to capture a nostalgic yet modern appeal. Interior designs remain in prototype form, featuring expansive dashboard screens reminiscent of Honda’s collaborations with Sony on the Afeela EV.

Central to these vehicles is Honda’s move toward a unified electronic control system, developed in partnership with semiconductor manufacturer Renesas. This approach reduces the need for multiple ECUs, enabling better integration of advanced driver assistance systems, powertrain management, and AI-driven features.

With Level 3 autonomous capabilities, the Honda 0 lineup seeks to redefine user interaction by blending driving enjoyment with cutting-edge convenience. Honda’s continued focus on innovation positions it to compete in the evolving landscape of electric and autonomous vehicles.

Banking

Ally Financial Cuts Jobs, Ends Mortgage Business as Debt Costs Rise

Ally Financial is implementing significant changes to streamline its operations and adapt to ongoing economic pressures. The company plans to cut jobs, halt its mortgage origination business, and evaluate strategic alternatives for its credit card division. These decisions come amid growing challenges for borrowers struggling with higher debt costs due to elevated interest rates.

The planned workforce reduction will affect less than 5% of Ally’s employees, impacting multiple departments instead of a single area. While these cuts are part of an effort to right-size the organization, Ally remains focused on growth by continuing to hire in other critical areas. The company’s adjustments aim to balance operational efficiency with sustainable performance.

Known for its robust presence in the auto-lending sector, Ally has tightened its lending criteria to address intensifying credit risks. These measures are designed to reduce loan charge-offs and maintain portfolio health in a challenging financial environment.

By reassessing its priorities and restructuring key segments of its business, Ally is positioning itself to navigate the shifting financial landscape while reinforcing its commitment to long-term stability and customer-centric solutions. The strategic focus reflects its broader goal of ensuring resilience in a market defined by rising borrowing costs and evolving consumer needs.

Vir Biotechnology [VIR] $12.48 (+58.17%)

Vir Technology saw promising results in its cancer treatment trial, sending shares to new heights.

AngioDynamics Inc [ANGO] $12.94 (+37.66%)

AngioDynamics turned in an impressive second-quarter report, causing its stock to jump.

Lifevantage Corporation [LFVN] $19.97 (+21.40%)

Lifevantage shares soared after raising its revenue guidance for the fiscal year following excellent second-quarter results.

Jasper Therapeutics Inc [JSPR] $6.99 (-60.53%)

Jasper Therapeutics fell despite sharing positive data from a BEACON study for its chronic spontaneous urticaria drug, indicating investors aren’t happy with the result.

Rigetti Computing Inc [RGTI] $10.04 (-45.41%)

Rigetti Computing was hit hard following Nvidia CEO’s announcement that useful quantum computing is still decades away.

Quantum Computing Inc [QUBT] $9.91 (-43.34%)

Quantum Computing also felt the weight of the Nvidia CEO's declaration that useful quantum computing will not be viable for some time.

Technology

Elon’s New Crazy Invention Could Pay You $30k a Year

What Elon Musk is about to do next could be BIGGER than PayPal, Tesla, SpaceX, and Neuralink… COMBINED.

His next big idea could not only unleash $9 trillion in value…

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Hard to believe, right?

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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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