Dow sells off as stocks sink lower 📉

Markets saw broad losses in the second day of the holiday-shortened trading week.                                                                                                                                                                                                                                                                                                                                                                                                                 May 29, 2024 | [Read Online]( Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. I hope you had a great weekend. Here’s what moved the market today. Markets 📈 U.S. stocks edged lower on Wednesday, led by a sell-off in the Dow and Russell 2K. - DJIA [-1.0%] - S&P 500 [-0.7%] - Nasdaq [-0.5%] - Russell 2K [-1.3%] [This Stock Could Cash-In on 2024’s Top Commodities Trade]( This stock could break out to massive gains on the back of what could be the year’s top-performing asset. It’s not gold, it’s not silver - heck, it’s not even AI stocks. It’s crucial to the success of AI and other advanced technologies, and this tiny stock could be in ideal position to cash in. [Get the Details on this Top Pick Here]( » Want an Ad-Free Experience + Top Growth Stock Picks? [Upgrade Now!]( Market-Moving News 🔎 Stellantis CEO Carlos Tavares with a Jeep Avenger at the Paris Motor Show on Oct. 17, 2022. (©2004 Nathan Laine | Bloomberg | Getty Images) Stellantis CEO Says $25K Jeep EV Coming Stateside Soon 🚗 Stellantis plans to introduce a $25,000 all-electric Jeep in the U.S. soon to attract mainstream consumers amid slower-than-expected EV adoption, CEO Carlos Tavares said Wednesday. The vehicle will be priced similarly to Stellantis' Citroen e-C3 SUV. Affordable Electric Jeep 🔌 Tavares announced at a Bernstein investor conference that the new Jeep will emulate the low-cost Citroen e-C3, leveraging Stellantis' global engineering expertise. The goal is to bring a safe, clean, and affordable BEV to the U.S. market. Market Impact 🌍 Jeep’s first U.S. all-electric vehicle, the Wagoneer S SUV, is expected later this year, with another model called the Recon also anticipated soon. The new $25,000 EV aims to compete with affordable models from Chinese automakers like BYD and Nio. Competitive Landscape 🌐 Tavares discussed the challenges of achieving cost parity between electric and traditional vehicles within three years to compete with Chinese EVs. He cautioned against relying on protectionist measures, stating they won't stop competition but may only delay it. Top Winners and Losers 🔥 Brand Engagement [BNAI] $2.64 (+107%) appointed a new co-CEO and closed a $4.95 million public placement. AST SpaceMobile [ASTS] $9.02 (+69.2%) secured a $100 million commitment from Verizon [VZ -0.6%] as part of a new direct-to-cellular partnership Nano Nuclear Energy [NNE] $6.91 (+25.8%) said it will present at the American Nuclear Society’s upcoming annual conference in Las Vegas Jun. 16th to 19th. Amplitech Group [AMPG] $1.05 (+22.2%) published its Q1 financial results after Tuesday’s closing bell in a Form 10-Q filing. Aerwins Tech [AWIN] $5.60 (+38.7%) pulled back after a 143% rally on Tuesday following a blowout Q1 earnings report. Globavend [GVH] $1.43 (10.0%) announced a non-binding memorandum of understanding to acquire Top Logistics Australia. Shares initially jump out to a 90% premarket gain on the news, but the rally collapsed during the trading session. 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](