Stocks stumble while BTC & Gold stay hot 🔥

Good Afternoon! 

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

Happy Monday! I hope you had a great weekend.

Here’s what moved the market today.

Markets 📈

The S&P 500 and Nasdaq recovered from a lower open to post modest gains for the day, while the small-cap Russell 2k rallied for a big gain.

• Dow [-0.1%] 

• S&P 500 [-0.5%]

• Nasdaq [-0.8%] 

• Russell 2K [+1.0%] 

Elite Growth Stocks 🚀

Market-Moving News 🔎 

🏎 UBER Revs Up on S&P 500 Invite

2023 is shaping up to be a banner year for Uber Technologies [UBER +2.2%].

The ride-hailing giant received an invite to the big league – it's joining the S&P 500 index. This nod from S&P Global is more than just a pat on the back; it often triggers a buy-in from funds tracking the benchmark.

📈 Stock Soaring:

Reacting to the news, Uber's stock revved up about 5% in early Monday trading, cruising close to its record high from February 2021.

This uptick marks a sharp turnaround from the days when rising rates and labor shortages during the post-pandemic economic revival took a toll on its shares.

📊 Back on Track:

After hitting a rough patch, Uber shifted gears last summer, accelerating its stock value significantly.

💰 Profitable Path Ahead:

It's been a long road, but Uber finally started posting profits earlier this year. However, it's worth noting that investors are betting big on its future earnings.

As Uber takes its new spot in the S&P 500, it's not just a win for the company but a signal to investors about the evolving landscape of mobility and tech in the market.

Silversun Technologies [SSNT] $12.49 (+240.3%) said Jacobs Private Equity II will invest $1 billion in the company.

Eyepoint Pharmaceuticals [EYPT] $18.34 (+177.4%) said Phase 2 DAVIO 2 trial of EYP-1901 for wet AMD met its primary endpoint.

Hawaiian Holdings [HA] $14.22 (+192.5%) agreed to be acquired by Alaska Air [ALK -14.2%] for $18 per share.

Neximmune [NEXI] $4.07 (32.7%) pulled back after rallying 143% on Friday.

Conduit Pharma [CDT] $3.66 (33.6%) retreated after posting gains for seven trading sessions in a row.

Micromobility.com [MCOM] $1.40 (25.3%) published a company update titled Strategic Path to Profitibility and Market Expansion.

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 from our members!

Thanks for reading. I'll see you at the next open! 

Best Regards,
— Adam G.
Elite Trade Club

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