Cannabis Stock Grows 30%

Good Afternoon! 

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

Here’s what moved the market today.

Markets 📈

The market slipped yet again, causing U.S. indexes to slide with it. The Russell 2K fell the furthest, dropping 32 points on the day.

Gold

This $0.20 Gold Stock Could Capture the Next Major Upswing

With economic pressures mounting—layoffs at major companies, bank closures, and high-profile retail bankruptcies—gold is capturing attention as a trusted asset in uncertain times.

Analysts are eyeing a potential gold rally, as demand intensifies among major market players.

This $0.20 gold stock is currently trending, backed by a powerful catalyst that could fuel an unprecedented surge.

With projections indicating that gold could reach beyond $3,000 or even $5,000, this stock offers a unique early entry point into a potentially lucrative market shift.

Discover why this gold stock could be the next big move in precious metals.

Market-Moving News 📈

AMD Targets AI Growth with Workforce Reduction Strategy

AMD has announced a plan to reduce its global workforce by approximately 4% as it aims to bolster its position in the competitive artificial intelligence (AI) chip market, currently led by Nvidia. The move is part of a strategic realignment focused on areas with the highest growth potential.

With roughly 26,000 employees at the end of the previous year, AMD has been the second-largest producer of graphics processing units (GPUs), a key component for AI applications. Despite its efforts, AMD trails Nvidia, which holds a dominant market share and benefits from its established software ecosystem widely used in AI development.

AMD has introduced products like the MI300X, an AI accelerator designed for data centers, securing partnerships with major tech firms as an alternative to Nvidia’s offerings. However, Nvidia remains far ahead in terms of overall sales and market dominance.

AMD anticipates $5 billion in AI chip sales this year, while projections for its total revenue are substantially lower compared to Nvidia's. In the broader landscape, the company sees a significant growth opportunity, estimating the AI chip market could reach $500 billion by 2028. Meanwhile, AMD’s gaming segment and broader processor business face challenges, including slower growth and intense competition from industry rival Intel.

Amazon Launches New Budget Store to Compete with Low-Cost Retail Apps

Amazon has introduced a new shopping feature called "Amazon Haul," where every item is priced at $20 or less. This move aims to compete with popular low-cost platforms like Temu and Shein. Available in the U.S. through Amazon’s mobile app or website, the storefront offers a variety of budget-friendly products across categories such as fashion, home goods, electronics, and lifestyle items.

The layout of Amazon Haul closely resembles that of its competitors, focusing on affordability and highlighting steep discounts. Many items are priced under $10, with some as low as $1. To encourage larger purchases, Amazon is offering tiered discounts, including savings for orders over $50 or $75.

Shipping costs $3.99, but is waived for orders exceeding $25. Although delivery times are estimated to be one to two weeks, Amazon believes customers will appreciate the significant savings. This suggests that much of the inventory may be sourced directly from overseas manufacturers, similar to Temu and Shein.

In response to increasing scrutiny over counterfeit goods and safety concerns affecting rival platforms, Amazon emphasizes that all products offered through Haul undergo a screening process to ensure compliance with regulations and authenticity standards.

PayPal Revamps Group Payment Feature for Easier Fund Pooling

PayPal is introducing a new feature that allows users to pool money with friends or family for group expenses, such as vacations, gifts, or events. Available in select countries ahead of the holiday season, this service aims to simplify collective payments.

While PayPal previously offered a similar feature, "Money Pools," it was discontinued in 2021. The relaunch comes as a response to growing competition from other platforms that offered more flexible pooling options, such as not requiring all participants to have a PayPal account. The new version addresses these concerns by allowing anyone to contribute, even if they don’t have a PayPal account.

The process is simple: users can create a pool through the PayPal app or website, specifying a title, description, and target amount. They can then share a link to the pool via text, email, or messaging apps, and contributors can easily add money to the pool. The pool organizer can track contributions and transfer funds when needed to cover the group’s shared expenses.

This feature adds to PayPal’s efforts to make group payments easier, positioning itself as a tool for both managing finances and facilitating social connections.

Safe Haven Assets

This Gold Stock Could Be the Key to Riding the Next Big Rally

This year has brought unprecedented economic challenges, with layoffs across major corporations and widespread uncertainty in the financial sector.

As a result, gold is once again in the spotlight as a reliable safe haven. Market indicators are aligning, signaling that a significant rally in gold prices could be on the way.

At the forefront is a trending $0.20 gold stock, backed by a unique catalyst driving unprecedented demand.

Major players are accumulating gold at record rates, creating the potential to push prices past $3,000—and possibly up to $5,000 in the coming months.

Take advantage of this free stock alert to explore this promising opportunity in the gold market.

Agrify Corp [AGFY] $13.61 (+30.49%)

Agrify shared plans to acquire Señorita Brand, known for its hemp-derived beverages.

Oscar Health Inc [OSCR] $15.44 (+14.54%)

Oscar Health jumped significantly today after Thrive Capital picked up more than $14 million in shares.

DLocal Limited [DLO] $10.20 (+12.83%)

DLocal Limited boosted its revenue and profits during its third quarter, causing shares to rise.

Hims and Hers Health Inc [HIMS] $20.85 (-24.46%)

Hims and Hers Health lost ground as new telehealth services like Amazon seek to steal market share.

ZEEKR Intelligent Technology Holding [ZK] $22.24 (-23.68%)

ZEEKR Intelligent Technology left investors wondering as the company unveiled several new strategic initiatives.

Bilibili Inc [BILI] $18.59 (-12.60%)

Bilibili missed on its Q3 earnings estimates, causing shares to fall.

Trusted Stock Grading

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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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