SEC Declares War on Crypto 🏴‍☠️

[Image](www.elitetrade.club) Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Today is Tuesday, June 6th. I hope you had a great trading day. Here's what moved the market today: Markets 📈 U.S. indexes notched modest gains in a quiet day for markets. The Dow [<0.1%], S&P 500 [+0.2%], and Nasdaq [+0.3%] notched minor gains, while the Russell 2K [+2.8%] broke out for a multi-point rally. Sponsored [How ONE Simple Strategy Increased His Profitability]( 💰 A while back, Jim decided to ignore every other strategy out there... And only focus on ONE strategy... Believe it or not... Trading just that one strategy made him A LOT more profitable. And the same tricks can work for you. [Click Here and See for Yourself.]( Today's Market-Moving News 🔎 💣 SEC Declares War on Crypto; Sues Coinbase It appears that the U.S. Securities & Exchange Commission is going scorched earth on the crypto industry. One day after suing Binance, one of the world's largest crypto exchanges, regulators announced a lawsuit against the largest crypto exchange in the U.S., Coinbase [COIN -12.0%]. Regulators allege the company violated rules that require it to register as an exchange and be overseen by the federal agency. The rapid-fire moves represent a dramatic escalation in SEC Commissioner Gary Gensler's push to regulate the crypto industry. Interestingly, Bitcoin [+4.4%] is edging higher in the wake of the news. Today's Top Winners and Losers 🔥 Tingo Group [TIO] $1.32 (48.2%) Short-seller Hindenburg Research announced a short position against Tingo Group and accused the Nigerian fintech company of fabricating financial statements. Novocure [NVCR] $47.00 (43.0%) Novocure presented promising results from a Phase 3 LUNAR trial evaluating TTFields therapy for non-small cell lung cancer at a medical conference. The company said the treatment improved survival, but the market remains skeptical and shares fell in response to the presentation. JOANN [JOAN] $1.14 (29.1%) JOANN reported its Q1 results after Monday's close, and its earnings, revenues, and forward-looking guidance all fell short of analysts' estimates. Several analysts lowered their price targets on the stock in response to the weak report. Hoth Therapeutics [HOTH] $3.35 (+78.1%) Hoth Therapeutics said its HT-ALZ Alzheimer's therapeutics achieved positive preclinical results that outpaced a previous clinical study. GitLab [GTLB] $46.44 (+31.9%) GitLab posted its fiscal Q1 results late Monday, and the report was better than expected. The software company's loss per share narrowed to $(0.06) from $(0.18) a year earlier and topped the consensus estimate of $(0.14) by a wide margin. G-III Apparel Group [GIII] $20.98 (+28.0%) G-III Apparel Group announced a new master licensing partnership with Xcel Brands [XELB +16.1%] this morning. The company will design and produce all categories and distribute products globally for Xcel Brands' Halston business under the terms of the agreement. 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, 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. [Bots click here]( 1969 Alafaya Trail Suite #247 Orlando FL 32828 USA [Unsubscribe]( | [Change Subscriber Options](