Pot Stocks Soar After Biden Announces Pardons 🚀

[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 Thursday, October 6th. Here's what moved the market today: Markets 📈 US indexes briefly broke into positive territory shortly after the opening bell, but it was all downhill from there. The Dow [-1.1%], S&P 500 [-1.0%], Nasdaq [-0.6%] and small-cap Russell 2k [-0.6%] tumbled for the remainder of the session, and closed with losses. Sponsored [Forbes Says this Strategy is "Like Finding Money in the Street"]( And Reuters magazine calls this type of trading "the new baby boomer hobby." An anonymous trader -- living at the base of the Smoky Mountains -- just released a free report revealing a step-by-step system to generating an extra $5,000 per month in income thanks to this trading strategy. The report is free until Sunday. [Click here to Claim Your FREE Report.]( Today's Market-Moving News 🔎 - Jobless Claims Rise: Jobless claims rose to 219,000 in the week ending Oct. 1st, outpacing economists' estimate of 203,000. - Mortgage Rates Fall: The average rate on a 30-year fixed mortgage fell to 6.66%, down slightly from last week's 6.7%, and marked the first week of declining mortgage rates since August. - "Stubbornly Persistent Inflation": Fed governor Lisa Cook said restrictive rates are needed "until we are confident that inflation is firmly on the path toward our [The Fed's] 2% goal," in a speech she delivered today. Today's Top Winners and Losers 🔥 Chardan Nextech Acquisition [CNTQ] $15.24 (-29.2%) CNTQ was one of today's biggest losers after shares more than doubled on Wednesday. However, the stock is reversing course at the closing bell. Chardan Nextech just announced it has received shareholder approval for its merger with Dragonfly Energy, and shares are up 4.0% in after-hours trading. AngioDynamics [ANGO] $17.34 (-19.5%) AngioDynamic's Q1 FY23 results included an unexpected loss of (-$0.06) per share, which missed the Street's expectation of a $0.02 per-share profit. Revenues of $81.5 million also missed the mark on analysts' $83.42 million target. Top Ships [TOPS ://elitetra.de/L2Ic ] $6.40 (-35.2%) It appears Top Ships' Wednesday rally was overdone. Today, TOPS sold off just a day after an 81.9% rally that may have been a response to news of an OPEC+ production cut. Green Giant [GGE] $1.88 (+168.5%) Green Giant extended its rally in today's trading session after we featured it on this morning's report with a 60% gain. GGE added another 100%+ to its gains by the time the session closed in what appeared to be a corrective rebound from a tough stretch of losses for the stock. AdvisoryShares MSOS 2X Daily ETF [MSOX] $23.79 (+69.5%) This double-down cannabis ETF was one of the day's top performers thanks to a big rally in pot stocks. The rally started after Pres. Biden announced plans to pardon all federal offenses for simple marijuana possession. WM Technology [MAPS] $2.76 (+64.2%) The company behind Weed Maps also saw big gains after Pres. Biden announced plans to pardon all federal offenses for simple marijuana possession. 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](