Quantum Computing Company Enjoys 20% Boost Today

Good Afternoon! 

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

Here’s what moved the market today.

Markets 📈

U.S. indexes can’t agree on a direction to end out the week. The Dow Jones and S&P 500 continue to play with record highs, while the Nasdaq Composite ends 0.39% down.

Technology

The Hidden AI Gem Ready to Explode

This rapidly growing AI startup has been generating ~3.5X ROI for Fortune 1000 clients and is backed by leading investors from Google, Amazon, Meta, and more.

In just three years, its valuation has skyrocketed from $5M to $85M.

With $35M already raised, you can still invest at $0.50 per share, plus receive a 15% bonus if you act before September 30th.

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Market-Moving News 📈

Costco Shines with Rising Gold Bar Sales Amid Market Surge

Costco has seen a notable rise in gold bar sales as the price of the precious metal continues to climb. The company, which began selling gold bars in late 2023, reported strong growth in this area during the most recent quarter, with gold providing a significant boost to its e-commerce sales. Investors have been turning to gold as a safer option amid market volatility, driving up demand for the bars.

Despite the success, Costco has no current plans to expand its Kirkland Signature brand into the bullion market. The gold bars are sold exclusively to Costco members through its online store, with purchase limits in place to manage demand.

While the spike in gold sales has been a positive factor, Costco’s core business remains focused on everyday products. The company continues to see strong performance in categories like food, health and beauty products, appliances, and toys. Costco’s overall sales growth has been bolstered by a rise in e-commerce activity, reflecting its ongoing appeal to budget-conscious consumers. Though gold sales are thriving, Costco remains committed to its primary mission of providing essential goods at affordable prices.

Volvo Rethinks Its Path to an Electric Future

Volvo has recently scaled back its plans to transition entirely to electric vehicles by 2030. Initially aiming to become an all-electric brand by that year, the automaker now plans to rely on a mix of hybrids and electric models. This adjustment comes as demand for electric vehicles has been lower than expected, with fewer consumers expressing strong interest in making the switch.

Several factors have influenced Volvo’s decision, including reduced government incentives and slow progress in charging infrastructure. Additionally, new U.S. tariffs on Chinese-made electric vehicles have impacted Volvo’s ability to bring its compact EX30 SUV to the American market, delaying its release until 2025.

Despite these setbacks, Volvo remains committed to sustainability, targeting carbon neutrality by 2040. While the company has adjusted its emissions reduction goals, it still aims for a 30-35% reduction in emissions per vehicle by 2025 and a 65% reduction by 2030. Although these revised targets are slightly lower than originally planned, Volvo continues to prioritize reducing its environmental impact while adapting to current market conditions.

Rising Star: Cava's Remarkable Growth and Market Potential

Mediterranean fast-casual restaurant Cava has enjoyed remarkable success since its public debut in June 2023. The company reported profits in its initial quarterly results and consistently outperformed Wall Street's earnings expectations, significantly increasing its market capitalization.

In its latest financial update for the second quarter of 2024, Cava defied industry trends by achieving impressive same-store sales and customer traffic growth, showcasing the brand's robust performance.

Analysts attribute part of Cava’s success to its pricing strategy, which involved a modest price increase earlier this year and no further hikes planned for the remainder of 2024. Over the past few years, Cava has maintained relatively stable prices compared to many other restaurant chains, which have faced steeper increases.

As consumers increasingly seek quality and value, Cava’s emphasis on fresh, high-quality ingredients and efficient service has resonated well, particularly among those shifting from traditional dining to more affordable yet premium offerings. This approach positions Cava favorably in a competitive landscape and continues to attract investor attention, likening it to other successful fast-casual concepts.

Future Disruptors

Under-the-Radar AI Companies Set to Surge in 2025

While most investors chase the big names in AI, the real potential lies with companies quietly revolutionizing industries.

These firms are tackling major challenges and are already laying the groundwork for explosive growth by 2025—yet they remain largely unnoticed.

Get the free report now and see which companies are set to surge.

IonQ Inc [IONQ] $9.71 (+20.47%)

IonQ landed a large contract award with the United States Air Force today, sparking investor interest.

Nio Inc [NIO] $6.52 (+12.80%)

Nio is one of several companies benefitting from the Chinese Central Bank’s relaxed stance on monetary policy.

EchoStar Corp [SATS] $28.04 (+8.85%)

EchoStar shares are up amid what could be the final steps of a merger deal between Dish Network and DirecTV.

Taylor Devices [TAYD] $51.59 (-16.68%)

Taylor Devices stock fell despite a favorable Q1 report as investors question the company’s direction.

Acadia Healthcare Company [ACHC] $63.28 (-16.36%)

Acadia Healthcare suffered losses over an ongoing investigation for potential false claims.

Cassava Sciences [SAVA] $28.48 (-10.62%)

Cassava Sciences flounders after the company agrees to pay $40 million to settle claims over misinformation.

Digital Marketing

The Future of Digital Marketing

This AI startup is transforming the digital marketing landscape, delivering ~3.5X ROI for Fortune 1000 clients.

Backed by industry giants like Google, Amazon, Meta, and others, this company is setting new standards in AI-driven marketing strategies.

In just three years, its valuation has soared from $5M to $85M, positioning it as a leader in the next wave of digital marketing innovation.

With over $35M already raised, shares are currently available at $0.50, and you can still receive a 15% bonus if you act before September 30th.

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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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