The rally hits a wall 🛑

The S&P 500 snapped its recent winning streak with a narrow loss on Wednesday.                                                                                                                                                                                                                                                                                                                                                                                                                 May 08, 2024 | [Read Online]( Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Here’s what moved the market today. Markets 📈 Stocks skidded to thin losses after staying in the green for several days. The Nasdaq posted its second loss in two days, while the Dow managed a small gain. - DJIA [+0.4%] - S&P 500 [-0.1%] - Nasdaq [-0.1%] - Russell 2K [-0.4%] ["Perfect Storm" Brewing in A.I.]( An analyst has been quietly beating the pants off Wall Street for years. In 2020? He outperformed over 15,000 so-called "experts." His secret? Picking stocks that explode by 100%, 500%, even 1,000%. Now he's pounding the table on A.I., and says a "Perfect Storm" is brewing that could mint all-new millionaires. [Get the Details on this Unique Gold Stock HERE »]( » Want an Ad-Free Experience + Top Growth Stock Picks? [Upgrade Now!]( Market-Moving News 🔎 Airbnb Beats Q1 Estimates but Offers Weak Guidance Airbnb [ABNB -1.2%] exceeded analysts' projections for the first quarter, reporting robust earnings and revenue figures. However, the company's shares dipped over 5% in after-hours trading as it provided guidance below market expectations. Q1 Beat 📊 Airbnb witnessed an 18% increase in revenue compared to the previous year, with a net income of $246 million, or 41 cents per share, compared to $117 million, or 18 cents per share, in the same period last year. Cautious Projections 📉 Despite robust demand for travel, Airbnb's projected revenue for the second quarter fell slightly below market forecasts. The company expects revenue in the range of $2.68 billion to $2.74 billion, below analysts' expectations of $2.74 billion for the period. Positive Outlook 🌞 Anticipating strong summer demand, particularly around events like the Olympics, Airbnb foresees accelerated year-over-year revenue growth in Q3. Key Growth Drivers 🚀 Special events like the solar eclipse drove engagement, with 500,000 guests staying on Airbnb during the event. Adjusted EBITDA surged by 62% year over year, reaching $424 million, while gross booking value stood at $22.9 billion in the first quarter. Top Winners and Losers 🔥 Reborn Coffee [REBN] $3.19 (+84.3%) announced a significant expansion into China through a strategic Master License Agreement deal with IAID Co. Innodata [INOD] $10.47 (+55.3%) reported stronger than expected Q1 financial results this morning and raised its full-year revenue guidance. Cricut [CRCT] $8.14 (+47.2%) reported stronger-than-expected earnings on its Q1 financial report published late Tuesday. Treace Medical [TMCI] $4.17 (+62.5%) hit a new record low after the company slashed its full-year revenue guidance, prompting several analysts to downgrade the stock. DoubleVerify [DV] $18.78 (38.5%) posted a wider-than-expected Q1 loss and slashed its full-year sales outlook. Inspire Medical [INSP] $163.41 (33.4%) announced weaker-than-expected full-year 2024 earnings guidance as part of its Q1 financial results late Tuesday. 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, — Adam G. Elite Trade Club Text ELITESTOCKS to 47121 or [click here]( 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](