Stocks heat up after BOC rate hike 🔥

[Image](www.elitetrade.club) Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Today is Thursday, June 8th. I hope you had a great trading day. Here's what moved the market today: Markets 📈 Stocks edged higher as investors reacted to the Bank of Canada's rate hike announcement. The Dow [+0.5%], S&P 500 [+0.6%], and Nasdaq [+1.0%] edged higher, while the Russell 2K [-0.4%] posted a slight loss. Sponsored [The Most Valuable Real Estate in the US?]( 🌎 According to Nevada Governor Steve Sisolak, parts of the Nevada desert take the crown. The state's desert flats contain more lithium than any other geography in the world. And with electric vehicles driving a global boom in demand for lithium-ion batteries, Nevada should be on every investor's radar. [Get the Best Nevada Lithium Stock Here]( Today's Market-Moving News 🔎 🇨🇦 BOC Hikes Rates to 22-Year High Canada's central bank, Bank of Canada, announced a quarter-point hike that raised its policy rate to 4.75% today. Policymakers said they decided to respond to strong consumer spending and elevated inflation. In January, the Bank of Canada said it would halt rate increases indefinitely, but inflation continued and eventually forced the central bank's hand. Today's Top Winners and Losers 🔥 HashiCorp [HCP] $25.78 (25.8%) HashiCorp reported better-than-expected Q1 earnings and revenues, but it also slashed its fiscal 2024 revenue outlook, sparking a sell off in its shares. Greenlane Holdings [GNLN] $2.74 (19.4%) Greenlane Holding hit a new 52-week low today. Share prices have been in free fall since the company announced a 1-for-10 reverse stock split on June 5th. GameStop [GME] $21.44 (17.8%) GameStop fired CEO Matt Furlong and elevated activist investor & company chairman Ryan Cohen to executive chairman. Carvana [CVNA] $24.23 (+56.0%) Carvana raised its Q2 guidance. The car seller says it now expects to generate EBITDA of more than $50 million for the quarter. Previous guidance called for "positive" Q2 EBITDA. Designer Brands [DBI] $8.65 (+19.9%) Designer Brands announced a partnership with Nike [NKE -0.8%] during a conference call with investors today. Financial details of the collaboration weren't disclosed. eXp World Holdings [EXPI] $20.14 (+20.6%) S&P Dow Jones announced eXp World Holdings will replace Heska Corp. [HSKA <0.1%] in the S&P Smallcap 600. The stock will join the index prior to the open of trading on June 14th. 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](