A stiff rebound rally lifted the Nasdaq to a 1.5% rally as stocks shook off their early-week setback. May 02, 2024 | [Read Online]( Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Hereâs what moved the market today. Markets ð The market shook off its Wednesday setback and resumed its march higher on Thursday. The Nasdaq led, with the Dow and S&P 500 trailing close behind. - DJIA [+0.8%] - S&P 500 [+0.9%] - Nasdaq [+1.5%] - Russell 2K [+1.8%] [2478 Everyday Investors Shared $1,123,615 Net Profit on a Monet]( Curious how a Monet painting turned ordinary investors into profit-sharers? This SEC-approved platform not only simplifies art investment but also boasts a 100% success rate across 16 sales, with returns peaking at 35%. How does it work? Simple. Masterworks handles everythingâacquisition, storage, and sale. Ensuring you can invest safely and affordably. Shares of every offering are limited, but Elite Trade Club readers can skip the waitlist to join with this exclusive link. [Skip the Waitlist & Start Diversifying NOW »]( » Want an Ad-Free Experience + Top Growth Stock Picks? [Upgrade Now!]( Market-Moving News ð ð¾Â Sony and Apollo Make $26B Paramount Buyout Bid Sony Pictures [ADR:SONY] and Apollo Global Management have officially expressed their interest in acquiring Paramount Global [PARA] with a proposition valued around $26 billion. This move intensifies the acquisition drama as Paramount Global weighs competing offers. Committee Decision ð¤Â
Currently, Skydance Media, led by David Ellison and backed by heavyweights like RedBird Capital and KKR, is on tenterhooks, awaiting the verdict from Paramountâs special committee. This panel's decision could potentially endorse Skydanceâs bid or propose adjustments, influencing the direction of the deal significantly. Next Steps ðÂ
The special committee is expected to relay their guidance to Skydance and other involved parties as soon as Thursday. The outcomes could range from approval to requesting revisions, adding layers of complexity to the negotiations. Stakeholder Silence ð¤«
In the midst of these unfolding developments, key players including Paramount, Shari Redstone's National Amusements, Skydance, and the special committee have maintained a no-comment stance. Similarly, Sony and Apollo have yet to respond to inquiries regarding their proposed buyout plan. Buyout Implications ðÂ
The potential acquisition of Paramount by Sony and Apollo signals a significant reshuffle in the media landscape, showcasing the high stakes and strategic maneuvers characteristic of industry consolidation efforts. Top Winners and Losers ð¥ Emergent Bioscience [EBS] $3.30 (+70.9%)
posted a double-line beat on its Q1 earnings report and announced a cost-cutting effort in Wednesdayâs aftermarket. XBP Europe [XBP] $2.18 (+66.4%)
won a $40 million contract with âHis Majestyâs Passport Officeâ for technology & services as part of a nationwide project. . Aspen Aerogels [ASPN] $23.85 (+56.7%)
topped analystsâ expectations for earnings & revenues on its Q1 2024 financial results published in Wednesdayâs after market. Vestis [VSTS] $10.16 (44.9%)
reported weaker-than-expected earnings & revenues on its fiscal Q2 financial results published this morning. HoldCo Nuvo [NUVO] $4.71 (41.9%)
pulled back in the wake of its recent business combination with LAMF Global Ventures Corp SPAC. Xpel [XPEL] $32.86 (38.9%)
missed the Streetâs earnings & revenue consensus on its Q1 financial report, and slashed its 2024 revenue growth guidance. 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 from our members! Thanks for reading. I'll see you at the next open! Best Regards,
â Adam G.
Elite Trade Club Text ELITESTOCKS to 47121 or [click here](Â to get our alerts on your mobile device, and never miss another fast-moving stock! P.S. Just like this newsletter, it's 100% free*, and you can stop at any time by replying STOP. [Sign Up for Mobile Alerts Now]( [Privacy Policy]( | [Advertiser Disclosure]( [tw]( [ig]( [yt]( [tk]( *Standard message/carrier rates may apply. Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website, which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside these emails. [Privacy Policy]( | [Terms of Service]( Update your email preferences or unsubscribe [here]( © 2024 Elite Trade Media LLC 1969 Alafaya Tr., Suite #247
Orlando, Florida 32828, United States of America [[beehiiv logo]Powered by beehiiv](