Top stocks from Tuesday 📈

Good Afternoon! 

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

I hope you had a great trading session. Here’s what moved the market today.

Markets 📈

U.S. benchmarks ended Tuesday close to where they began, except for the Russell 2K, which pulled back after rallying on Monday.

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Market-Moving News 🔎 

🎮 TTWO Power Slides After GTA6 Trailer Drop

Take-Two Interactive [TTWO -0.5%] took a hit on Tuesday after its long-awaited trailer for "Grand Theft Auto VI" hit the market.

Despite the buzz, the lack of a specific release date has left investors uneasy.

⏳ Release Date Mystery: 

The trailer sets 2025 as the launch year but stops short of a precise date. This ambiguity has sparked concerns among investors about potential delays affecting the game's fiscal impact.

📈 Analysts Weigh In: 

Jefferies analysts Andrew Uerkwitz and Ed Alter highlighted the absence of an exact release date, pointing to fears of a delay that might push the launch to holiday 2025, beyond fiscal year 2024.

🔥 GTA's Legacy and High Hopes: 

“Grand Theft Auto" is a heavyweight in the gaming world. The franchise's fifth iteration smashed records with over $1 billion in sales in just three days after its 2013 release.

Now, Take-Two is banking on the upcoming installment to turbocharge its fiscal 2025.

📺 Trailer Buzz: 

The excitement is palpable, with the trailer amassing over 70 million views since its premiere on YouTube.

The new game revisits the Miami-inspired "Vice City" and makes a bold move with its first female protagonist alongside a male lead.

🔮 Analyst Optimism Amid Delays: 

Roth MKM's Eric Handler remains bullish, believing that even a delay to the first quarter wouldn't dent the game's blockbuster potential.

In the high-stakes world of gaming, "Grand Theft Auto VI" stands as a test of whether monumental hype can translate into fiscal triumph, despite market jitters over its timing.

ZW Data Action [CNET] $1.07 (+52.8%) announced a new strategic partnership with Digital Life to develop a franchise AI model.

Sphere Corp. [ANY] $1.74 (+62.6%), a crypto miner, saw big gains alongside Bitcoin, which topped $43,000 apiece today.

Mercury Fintech [MFH] $1.57 (+33.0%) announced a $6 million private placement financing round after Monday’s closing bell.

iBio [IBIO] $1.35 (50.0%) announced a $4.5 million public offering of its common stock this morning.

Replimmune [REPL] $6.75 (45.2%) said RP1 with cemiplimab missed both primary endpoints in an mid-stage clinical trial.

Designer Brands [DBI] $8.54 (33.3%) reported weak fiscal Q3 earnings and disclosed a $427K insider sell by vice chairman Deborah Ferree.

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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