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Good Afternoon!
Hey, everyone. It's Adam from Elite Trade Club.
Here’s what moved the market today.
Markets 📈
The market ended its hot streak today, with most U.S. indexes losing ground. The XX fared the worst, dropping over one point on the day.
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Private Markets
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To date, it has already helped investors deploy over $150 million into private markets.
Market-Moving News 📈
Walgreens Tightens Footprint as Store Closures Ramp Up
Walgreens Boots Alliance is moving forward with additional store closures as it navigates ongoing challenges in the retail pharmacy landscape. Facing rising competition from online prescription platforms and broader industry constraints, the company announced plans to close 500 stores by the end of next year. This is part of a larger strategy to shutter over 1,000 locations within the next few years, signaling a shift in how the company operates.
The closures are part of a broader "right-sizing" effort that aims to focus on underperforming locations and reduce operating costs. Despite these cuts, the company remains focused on supporting patients with uninterrupted prescription services, even offering home delivery options for those affected by the closures. Walgreens is also tackling the issue of prescription reimbursements, engaging in negotiations to secure fairer rates from pharmacy benefit managers.
While there are challenges ahead, Walgreens is working to stabilize its core operations, signaling further adjustments in the future. This is seen as a critical step in its long-term strategy to adapt and thrive in a changing healthcare and retail environment.
Apple Unveils AI-Powered iPad Mini with Enhanced Performance
Apple has introduced its latest iPad mini, which comes with advanced artificial intelligence features, including new writing tools and an improved Siri assistant. This launch is part of the company’s ongoing effort to enhance its devices with AI technology. Powered by the A17 Pro chip, the new iPad mini offers a 30% boost in performance compared to previous models, making it a powerful tool for running Apple’s AI software.
The first wave of AI features will be available through an update to iPadOS, with more tools to follow in the coming months. These capabilities will be accessible on iPads equipped with A17 Pro or M1 chips, offering features such as image generation and interactive avatars.
The iPad mini release follows Apple’s recent launch of its AI-enhanced iPhone lineup, though initial demand for the new phones has been mixed. However, analysts predict the iPhone 16 series will boost Apple’s sales into 2025, with strong momentum expected in the coming quarters. The new iPad mini starts at $499 and will be available to customers next week.
Frontier Airlines Flight Attendants Vote to Authorize Strike Amid Negotiation Tensions
Frontier Airlines flight attendants have taken a significant step toward a potential strike, with union members overwhelmingly voting in favor of granting leadership the authority to call for one. This move is part of the union's efforts to push back against changes in the airline’s business model, which they claim has negatively impacted their pay and working conditions.
While no strike is currently scheduled, the union has indicated that they may set a strike deadline if needed. Their strategy involves targeted disruptions across the airline’s network, creating uncertainty for management. However, under federal labor laws governing airline workers, an official strike cannot occur without approval from federal mediators, a process that can take time and includes a mandatory cooling-off period.
Frontier Airlines maintains that they are committed to negotiating with the union and are continuing regular bargaining meetings. The company has also downplayed the strike vote, stating that a legal strike is not imminent as negotiations have not yet reached a critical point.
Smart Trading
In today’s unpredictable market, staying ahead of the curve is crucial. With A.I. technology leading the way, traders now have access to powerful tools that can predict market movements with precision.
This next trade could be the key to unlocking significant returns. Learn how A.I. called the recent market crash and what it's signaling for the next big opportunity.
The market is presenting major opportunities—don’t miss out on the chance to capitalize on them.
Top Winners and Losers 🔥
Wolfspeed Inc [WOLF] $13.80 (+21.27%)
Wolfspeed gains favor in investors’ eyes as it could get up to $2.5 billion in financing.
Oklo Inc [OKLO] $11.65 (+16.04%)
Oklo surges today on company excitement surrounding its potential new business from AI demand.
Telefonaktiebolaget L M Ericsson ADR [ERIC] $8.53 (+13.13%)
Ericsson jumped today after the telecom company reported a boost in North
ShiftPixy Inc [PIXY] $6.80 (-29.61%)
ShiftPixy’s negative price strength right now is causing mass selloffs from investors.
ASML Holding [ASML] $730.43 (-16.26%)
ASML loses ground today on news of a possible chip cap on the horizon.
Coty Inc [COTY] $8.18 (-10.80%)
Coty shares drop after concerns of a pending sales slowdown coming to its North American markets.
Gold
Gold has hit new all-time highs, surging beyond $2,600 per ounce, and this small-cap gold stock is primed for explosive growth.
What if you had known this surge was coming? You now have the chance to capitalize on the trend. With over 4 million ounces of gold already confirmed at its flagship project, this company is trading at just $0.25 per share, offering an incredible early entry point.
The company is set to ramp up its drilling efforts to uncover even more high-grade gold, putting it in a prime position as gold prices continue to rise.
With a strong leadership team and plans for expansion, this is a gold stock that could deliver significant gains for those who act quickly.
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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