Stocks Fall as Banking Crisis Continues 🚨

[Image](www.elitetrade.club) Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Today is Wednesday, March 15th. I hope you had a great day in the market! If you haven't already, remember to text CLOSE to 47121 to get the Closing Bell Roundup sent to your mobile inbox, too! Here's what moved the market today: Markets 📈 AStocks turned lower today as anxious investors dumped stocks in favor of safer assets, like U.S. Treasury bonds. The Dow [-0.8%], S&P 500 [-0.7%] and small-cap Russell 2K [-2.1%] sold off on the trading session, while the Nasdaq [<0.1%] edged out a small, fractional gain. Sponsored [Don't Miss this Up-and-Coming Energy Stock]( We're keeping a close eye on this energy stock in the wake of a recent announcement. This deal could help take this company to the next level, and early movers could reap big rewards as a result. [Get the Ticker Symbol and the Latest News Here]( Today's Market-Moving News 🔎 🚨 Crisis at Credit Suisse Shares of Swiss banking giant Credit Suisse [CS -13.9%] plummeted to fresh lows today, as a brewing liquidity crisis at the company sent investors running for the hills. 💵 Investors Flood Into Bonds The banking crisis is driving investors to seek shelter in US Treasury Bonds. The U.S. ten-year Treasury yields fell by 20 points to around 3.483% in today's session. Today's Top Winners and Losers 🔥 American Public Education [APEI] $4.56 (-50.7%) American Public Education reported a wider-than-expected Q4 loss and revenues that fell short of analysts' expectations early this morning. The weak report prompted a downgrade from William Blair, and Barrington Research slashed its price target on the stock from $15 to $10. Casa Systems [CASA] $1.78 (-49.0%) Casa Systems Q4 earnings report missed the Street's EPS estimate, but revenues were stronger than expected. However, the company's fiscal 2023 guidance came in below expectations and sent the company's shares lower in today's session. Luna Innovations [LUNA] ://elitetra.de/L2Ic $6.50 (-32.0%) Luna also fell after its Q4 earnings report missed the market. The company's quarterly report included weaker-than-expected earnings, revenues, and full-year 2023 guidance. ThermoGenesis [THMO] $4.19 (+98.5%) ThermoGenesis announced plans to launch a new facility in the Sacramento metro area containing 12 ReadyStart Current Good Manufacturing Practice suites available for lease by early-stage life science and cell gene therapy companies. Elevation Oncology [ELEV] $2.32 (+62.2%) Elevation Oncology announced yesterday that it would present preclinical proof-of-concept data for EO-3021 at the American Association for Cancer Research Annual Meeting 2023 , being held April 14th to 19th in Orlando, Florida. Jounce Therapeutics [JNCE] $1.49 (+40.5%) Jounce Therapeutics reported late Tuesday that it had received an unsolicited buyout proposal from Concentra Biosciences. Under the terms of the proposal, JNCE shareholders would receive $1.80 in cash and a contingent value right for each share of common stock. 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 P.S... Text ELITE to 47121 to 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. © Elite Trade Media LLC, 2023. All rights reserved. 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. 1969 S. ALAFAYA TRAIL Orlando FL 32828 USA [Unsubscribe]( | [Change Subscriber Options](