Under the Radar Semiconductor Manufacturer Jumps 60%

Good Afternoon! 

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

Here’s what moved the market today.

Technology

Could This Tech Stock Redefine Marketing?

The marketing landscape is evolving, and one small-cap stock is at the forefront of innovation. 

With partnerships spanning Fortune 500 companies and a recent acquisition set to triple revenue, this firm is positioning itself as a leader in marketing technology. 

Its advanced solutions are helping businesses grow like never before.  

Could this stock be the next big winner in marketing tech?  

Click here to learn more about this exciting opportunity!

Markets 📈

The market remained fairly quiet today, giving U.S. indexes little room to move. The Russell 2K proved to be an exception, adding nearly a percent to its score.

Market-Moving News 📈

Automotive

GM Exits Robotaxi Business as Waymo, Tesla, and Zoox Forge Ahead

The U.S. autonomous vehicle (AV) industry has seen significant developments despite setbacks, with 2024 marking a pivotal year for self-driving technology. Waymo, owned by Alphabet, is leading the charge with a growing fleet of robotaxis and expanding service in U.S. cities, including Phoenix, San Francisco, and Los Angeles. This year, Waymo reached a milestone of 4 million paid autonomous rides, a major leap from last year’s 700,000. The company’s public debut in San Francisco proved that AVs could navigate complex urban environments, and it plans to expand its services to new cities like Austin and Atlanta in 2025.

Meanwhile, other players like Tesla and Zoox are ramping up their efforts. Tesla revealed its Cybercab concept in October, promising a dedicated robotaxi vehicle by 2027, while Zoox, acquired by Amazon, is testing its unique self-driving shuttles in cities like San Francisco and Las Vegas. Despite these advancements, General Motors announced its exit from the robotaxi market, closing its Cruise division after investing billions, citing operational challenges and a shift in focus to personal autonomous vehicles.

The ride-hailing market is projected to see massive growth, making the competition for a share of this market fierce as companies push forward with autonomous vehicle development. As the industry evolves, more players are testing and fine-tuning their technologies in preparation for broader adoption.

Energy

Oil Prices Steady as U.S. Jobs Data Limits Gains and China Stimulus Weighs In

Oil prices remained steady in light holiday trading, with softer US jobs data limiting earlier gains. Traders balanced this news with China’s fiscal stimulus efforts and a US industry report that indicated another decline in domestic oil inventories.

West Texas Intermediate crude traded near $70 per barrel, maintaining a 1.2% increase from the previous day. The rise in oil prices earlier in the day was driven by reports that China is allowing local officials more flexibility in utilizing government bond proceeds, alongside a decision to hold interest rates steady. However, the market momentum was dampened by US job data, which showed an uptick in weekly unemployment claims, the highest in over three years.

The American Petroleum Institute (API) reported a 3.2 million barrel drop in US crude inventories last week, marking a potential fifth consecutive weekly decline, if confirmed by official data. This seasonal dip in stockpiles is typical for December, followed by an increase in early months of the year. Despite a modest annual decrease, oil prices have remained within a narrow range since mid-October, as traders look to 2025, weighing the impact of potential political shifts and economic policies on global oil markets.

Gaming

GameStop Sees Post-Christmas Bounce Following Mysterious Social Media Post

GameStop saw a strong start to trading with a 6.1% jump in its stock price, then danced around a bit before returning to those earlier gains. This surge was attributed to a mysterious post on X (formerly Twitter) by Roaring Kitty, featuring a simple image of a wrapped gift, sparking significant social media attention. The post gained over 8,000 retweets and nearly 4 million likes, though it fell short of the viral traction from the meme stock days.

The company’s third-quarter earnings report showed a 20.2% drop in revenue, totaling $860.3 million. Despite this, GameStop managed to post a net income of $17.4 million, a stark contrast to the loss of $3.1 million during the same period last year. Earnings per share (EPS) were $0.06, reversing last year’s negative EPS.

In terms of financial standing, GameStop ended the quarter with $4.62 billion in cash and merchandise inventory worth $830.2 million, down from $1.02 billion a year ago. The company also reported long-term debt of $9.6 million and indicated that it does not plan to issue any additional stock sales for the remainder of the fiscal year. Despite challenges, GameStop continues to maintain a strong cash position as it navigates the retail landscape.

SEALSQ Corp [LAES] $8.76 (+60.15%)

SEALSQ announced the launch of its new lab today in an attempt to add quantum functionality to its line of semiconductors.

Vertical Aerospace Ltd [EVTL] $11.73 (+30.92%)

Vertical Aerospace stock jumped after entering into an investment agreement with Mudrick Capital Management for up to $50 million in new funding.

Rumble Inc [RUM] $16.27 (+28.31%)

Rumble shared its financial results for Q3, updating investors on both revenue and earnings increases from last year.

HomesToLife Ltd [HTLM] $10.11 (-11.93%)

HomesToLife continues to battle with volatility from shares that have halted trading more than once over the past week.

Scienture Holdings, Inc [SCNX] $6.65 (-11.18%)

Scienture Holdings raised questions about its future performance in recent reports, and concerns arose over its potential Nasdaq delisting.

Nano Labs Inc [NA] $8.08 (-10.16%)

Nano Labs fell after the announcement of its FPU3.0 ASIC architecture was not well-received by investors.

Future of Marketing

Big Names Are Betting on This Marketing Tech Stock

This promising stock is capturing attention by delivering cutting-edge marketing solutions to top-tier clients.

With a growing customer base, record-breaking revenue, and a major acquisition on the horizon, it’s no wonder industry leaders are taking notice.

Investors are starting to ask: could this be the next marketing tech powerhouse?

Don’t miss your chance to see what makes this stock so unique.  

Click here to uncover the full story and potential behind this stock!

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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