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- Lithium Stock Grows 30%
Lithium Stock Grows 30%
Adam Garcia
October 09, 2024
Good Afternoon!
Hey, everyone. It's Adam from Elite Trade Club.
Here’s what moved the market today.
Markets 📈
The market remains up for the second day in a row, with solid gains for U.S. indexes. The Dow Jones performed the best, earning over a point in the process.
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Gold
Gold’s bull run is gaining momentum, and this small-cap stock, trading at $0.25 per share, is ready to capitalize.
With 4 million ounces of gold confirmed at its U.S. project, plus more exploration in the works, the potential for growth is massive.
But opportunities like this don't stay unnoticed for long, and once the market catches on, this gold stock’s price could surge.
Time is of the essence—those who wait may miss out on the biggest gains.
Investors who move quickly could reap significant rewards as gold continues to break records.
Market-Moving News 📈
Amazon Expands Rapid Prescription Delivery to More U.S. Cities
Amazon is set to expand its same-day prescription delivery service to an additional 20 U.S. cities by next year, broadening its reach in healthcare. This initiative will bring rapid medication delivery to nearly half the country. The service will be integrated into Amazon’s same-day delivery infrastructure, strategically located near metropolitan areas.
After launching this service in several major cities, the company plans to roll out the offering to places like Boston, Dallas, and Philadelphia in 2025. As part of its innovation efforts, Amazon has also tested prescription deliveries by drone.
Amazon’s pharmacy service allows customers to order medications online with fast, often same-day delivery, catering to its Prime members. As a response to growing pharmacy shortages across the U.S., this expansion is a step toward bridging care gaps caused by store closures of traditional pharmacy chains.
This latest move adds to Amazon’s broader strategy to establish a foothold in healthcare, following its acquisition of a primary care provider and previous ventures into telehealth and wellness products. However, it faces growing competition from established pharmacy and retail giants.
Boeing Pulls Contract Offer as Machinists' Strike Continues
Boeing has decided to withdraw its latest contract offer to thousands of machinists who have been on strike since mid-September. The strike began after workers turned down a proposed labor agreement, causing Boeing to halt much of its aircraft production in the Puget Sound area. The company later adjusted its offer, adding better pay and bonuses, but the union rejected the terms, claiming they were not properly negotiated.
With talks collapsing once more this week, the strike is expected to continue, potentially costing Boeing over a billion dollars each month. This has led to financial concerns, with ratings agencies giving a negative outlook on the company’s credit standing.
Boeing has expressed disappointment with the union’s demands, stating that they are beyond what the company can reasonably accept to remain competitive. The union counters that Boeing hasn’t met their expectations regarding wages, retirement plans, and leave options, leaving both sides at an impasse and the strike ongoing.
DOJ Explores Solutions to Enhance Competition in Search Engine Market
In light of a recent court ruling against Google, the Department of Justice is exploring strategies to promote competition in the search engine market. In a detailed filing, DOJ lawyers are considering a combination of behavioral and structural remedies to address Google's practices.
Potential solutions include monitoring the company’s actions through a consent decree or requiring divestitures of certain business segments. The focus is on preventing Google from leveraging its products to unfairly advantage its search services over competitors.
A primary concern outlined in the filing is Google’s control over search distribution, particularly the financial incentives it offers to secure its status as the default option on popular devices. This influence poses challenges for competitors trying to gain traction.
The DOJ is also looking into initiatives aimed at raising user awareness, which could help individuals make informed choices about their search engine preferences. In its response, Google has claimed that the proposed remedies could disrupt its services and the accessibility they provide to users.
Technology
This fast-rising AI startup is already making waves, delivering ~3.5X ROI to Fortune 1000 clients and securing backing from 7,800+ investors, including tech giants like Google, Amazon, and Meta.
In just three years, the company’s valuation has soared from $5M to $85M, and the growth potential is massive.
As AI continues to transform industries, this startup is positioning itself to lead the charge, offering early investors a chance to profit from its success.
The demand for shares is increasing, and this window of opportunity won’t last long.
With shares currently available at $0.50, and a 10% bonus on offer through Oct. 15th, now is the perfect time to invest.
Top Winners and Losers 🔥
Arcadium Lithium PLC [ALTM] $5.55 (+30.90%)
Arcadium Lithium announced today that lithium miner Rio Tinto plans to buy the company out.
IDT Corp [IDT] $46.58 (+21.14%)
IDT Corp shares grew following a favorable earnings report from its subsidiary NRSInsights.
Norwegian Cruise Line Holdings [NCLH] $23.07 (+10.91%)
Norwegian Cruise Lines has investor attention amid lower oil prices and a positive outlook for 2025.
NiSun International Enterprise Development Group [NISN] $14.23 (-25.81%)
NiSun International falters after announcing its $15 million repurchase program.
Verb Technology Company [VERB] $6.91 (-18.71%)
Verb Technology continues to struggle as the company deals with a potential Nasdaq delisting.
Maxeon Solar Technologies [MAXN] $6.33 (-10.97%)
Maxeon Solar Technologies loses ground as it uses a reverse stock split to stay in Nasdaq’s good graces.
Expert Stock Picks
A well-known market expert, with a history of pinpointing stocks that have gained over 1,000%, is revealing his latest recommendations for 2024.
These stocks are positioned to capitalize on major trends in industries like AI, with strong potential for explosive growth.
This is a rare chance to get in early on companies that could lead the market in the coming year. With the expert’s proven track record, these picks are too good to ignore.
Want to know which stocks are poised for massive gains in 2024?
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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