Stocks Fall After Rebound Rally Falls Short 📉

[Image](www.elitetrade.club) Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Welcome to the Closing Bell Roundup. Please, feel free to reply to this email and tell us what you think of this new addition to the Elite Trade Club lineup! Today is Wednesday, October, 5th. Here's what moved the market today: Markets 📈 Markets recovered from this morning's down open, but the intraday rally fell short at the goal line. The Dow [+0.1%], S&P 500 [+0.2%], Nasdaq [+0.2%] and small-cap Russell 2k [-0.7%] closed with slim losses. Sponsored [[ALERT] A Promising Stock with 500% Potential]( 🔥 The global lithium market is projected to surge 500% due to a growing need for lithium-filled batteries. And one South American mining stock could be in a perfect position to capitalize on this megatrend. [Put this company on your investing radar today.]( Today's Market-Moving News 🔎 - OPEC+ Production Cut: OPEC+ just agreed to its biggest production cut since the beginning of the 2020 pandemic in a bid to bolster sluggish crude oil prices. - Dow Recovers: The DJIA rallied back from a 300-point drop in early-session trading to post gains for the day. Today's Top Winners and Losers 🔥 Arcimoto [FUV] $1.16 (-12.7%) Arcimoto reached an agreement to potentially sell up to $50 million worth of its common stock to Tunim Stone Capital. The deal is subject to shareholder approval, which the company hopes to obtain before June 30th, 2023. Aeroclean Technologies [AERC] $4.77 (-19.7%) Shares of AERC pulled back after gaining 85% on Tuesday in response to its announcement of an all-stock merger with privately-held Molekule. The companies hope to close on the deal in early 2023, and AERC will change its name to Molekule and trade under ticker symbol MKUL upon completion. Sotera Health [SHC ://elitetra.de/L2Ic ] $7.15 (-11.0%) Analysts at Citigroup downgraded their rating on SHC to "neutral" from its previous rating of "buy" and set a $9 price target on the stock. Analysts polled by Capital IQ have set price targets on SHC ranging from $9 to $25, so Citigroup's $9 target is among the lowest. Chardan Nextech Acquisition [CNTQ] $21.54 (+102.6%) SEC disclosures revealed Chardan Nextech's CEO, Jonas Grossman, spent upwards of $5 million to purchase 485,000 additional shares of the company. Grossman now holds roughly 3.5 million shares of stock with a market value of about $36.4 million. Nauticus Robotics [KITT] $6.32 (+96.2%) Nauticus Robotics landed another contract with the US Dept. of Defense's Defense Innovation Unit for the use of its ToolKITT software to develop an amphibious unmanned robotic system. The financial terms of the deal were not included in the initial press release. Top Ships [TOPS] $9.88 (+81.9%) TOPS was featured on this morning's watchlist when it was up just 16.4%, but it went on to post much larger gains by the end of the day. The OPEC+ production cut may have contributed to the tanker stock's large rally in today's 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. See you at the next open! Best Regards, Adam G. -- Elite Trade Club P.S... Want alerts delivered straight to your cell every morning for free?* Text ELITE to 47121 or [click here]( to sign up now and get our watchlists sent directly to your phone! You can also text CLOSE to 47121 to get the Closing Bell Roundup sent to your mobile inbox, too! *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 of these emails. 1969 S. ALAFAYA TRAIL Orlando FL 32828 USA [Unsubscribe]( | [Change Subscriber Options](