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Adam Garcia
September 12, 2024
Good Afternoon!
Hey, everyone. It's Adam from Elite Trade Club.
Here’s what moved the market today.
Markets 📈
U.S. indexes ended today’s session on a happy note. The Russel 2000 Index scored the highest, up 1.22% from yesterday.
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AI & Healthcare
AI is often referred to as a “Faceless Monster,” raising concerns about job losses and security risks across industries.
But in the midst of these fears, one company has managed to tame this powerful force, using it to transform one of the most vital and fastest-growing sectors: healthcare.
As healthcare is projected to become a $10 trillion industry by 2030, this company’s innovative approach to integrating AI is revolutionizing how we approach patient care, diagnostics, and treatment.
Instead of fearing the rise of AI, this company has learned how to harness its power to benefit people globally, creating a massive opportunity for forward-thinking investors.
Market-Moving News 📈
AST SpaceMobile's Launch Marks New Era in Global Broadband Connectivity
AST SpaceMobile (ASTS) is gearing up for a major milestone with the launch of five BlueBird satellites aboard a SpaceX Falcon 9 rocket scheduled for early Thursday morning. This event marks the first in a series of planned launches aimed at delivering broadband connectivity to underserved areas, starting with the continental U.S. and eventually reaching global coverage. The company's strategy to provide communication services directly to everyday cell phones makes it a promising player in the satellite communications market, which is expected to see significant growth.
The upcoming launch follows the company's SPAC origins in 2021 and represents ASTS's most significant progress to date. ASTS has secured revenue-sharing deals with major telecom giants AT&T and Verizon, which will extend broadband coverage to the entire U.S. market. These partnerships are critical endorsements of ASTS's potential and have contributed to a surge in the stock price, which climbed from around $2 per share in May to about $30.
Despite its potential, ASTS faces several risks, including competition from established players like SpaceX's Starlink, and the possibility of stock dilution following the company's recent filing to sell $400 million worth of shares. Furthermore, ASTS’s rapid stock price increase may lead to volatility, especially if any launch setbacks occur.
Nevertheless, the launch of BlueBird satellites is a pivotal moment for ASTS, potentially setting the stage for long-term success as the company works towards its goal of providing global broadband connectivity. Investors should monitor these developments closely, as ASTS positions itself as a key player in the expanding satellite communications market.
Microsoft Welcomes Carolina Dybeck Happe as New COO to Drive AI-Focused Transformation
Microsoft has named Carolina Dybeck Happe as its executive vice president and chief operating officer, a role in which she will report directly to CEO Satya Nadella. Dybeck Happe joins from GE, where she was senior vice president and chief financial officer from 2020 to September 2023. Her appointment is aimed at enhancing Microsoft's operational coordination as the company emphasizes artificial intelligence.
In her new position, Dybeck Happe will join Microsoft’s senior leadership team, which includes Amy Hood, the finance chief, and Scott Guthrie, who leads cloud and AI engineering. She will manage the commerce and ecosystems group, currently under Scott Guthrie, as well as the Microsoft Digital IT team led by Rajesh Jha, and the Microsoft Business Operations division within the finance department.
This marks Microsoft’s first appointment of a chief operating officer since 2016, following the departure of Kevin Turner. Dybeck Happe’s extensive experience spans roles at Maersk and a long career at Assa Abloy, a Swedish lock company, where she served as both finance chief and deputy CEO. Her leadership at GE came as the company navigated a significant restructuring, splitting into separate entities including GE Aerospace and GE Vernova.
FDA Approval of AirPods Pro 2 Sets a New Standard for Hearing Aid Accessibility
Apple's second-generation AirPods Pro can now function as over-the-counter hearing aids, thanks to newly approved software by the FDA. This marks the first OTC hearing aid software device authorized by the FDA, setting a precedent in the market. Clinical trials involving 118 individuals with perceived mild to moderate hearing loss demonstrated that users of Apple’s self-fitting software achieved benefits on par with those of professionally fitted devices.
This update is part of Apple's broader efforts to enhance hearing health, with several new features arriving for the AirPods Pro 2. Among these is a Hearing Protection mode that automatically shields ears in loud environments like concerts while maintaining clear sound quality. Additionally, the earbuds will offer a Hearing Test, allowing users to check their hearing by tapping on the screen when they hear various tones, with personalized results displayed in the Apple Health app.
By integrating hearing aid functionality into AirPods Pro, Apple could make hearing aids more accessible and affordable, potentially benefiting the 1.5 billion people globally with hearing loss. This aligns with Apple’s ongoing initiatives to protect users from hearing damage caused by excessive noise levels, further solidifying its role in hearing health innovation. The FDA approved this feature under the De Novo classification, which applies to novel devices with low to moderate risk.
Transportation
The next revolution in transportation is in the skies. Electric air mobility is on the verge of transforming how people and goods move, with the global market projected to reach $1.5 trillion by 2040.
Early movers in this space have secured key partnerships and are already generating revenue. As the cost of electric air taxis continues to fall, this $75+ billion regional air mobility market is ready to take off.
Top Winners and Losers 🔥
Visionary Holdings [GV] $4.42 (+117.73%)
Visionary Holdings skyrockets following a unique partnership with the Public Investment Fund (PIF) of Saudi Arabia.
Netgear [NTGR] $20.84 (+30.82%)
Netgear revised its business outlook for Q3, sparking excitement among investors.
Summit Therapeutics [SMMT] $27.41 (+20.75%)
Summit Therapeutics stock jumped after a successful campaign to raise $235 million alongside positive news for its cancer drug.
Caleres [CAL] $30.23 (-18.85%)
Caleres, parent company to Famous Footwear, lost ground today after reporting disappointing results in its second quarter report.
Aviat Networks [AVNW] $20.99 (-13.83%)
Aviat Networks remains in hot water over potential securities laws violations.
Moderna [MRNA] $69.68 (-12.36%)
Moderna saw a significant drop in its shares after announcing it would be cutting spending to its research and development department.
An Opportunity You Can’t Miss
The world’s aging population, unhealthy lifestyles, and an overburdened healthcare system are fueling a crisis.
Funding cuts across clinics and hospitals only make things worse.
But amid this chaos, one company has emerged with a groundbreaking solution: harnessing AI to transform healthcare.
While AI threatens industries with job losses and security risks, this company has figured out how to use it for early detection, diagnosis, and even treatment of medical issues faced by an aging population.
And with the healthcare industry set to reach $10 trillion within the next decade, the potential for growth is staggering.
Even more impressive? This company recently saw a 292% rise in share value in less than 120 days.
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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