U.S. large-caps continue to slide 📉

[Image](www.elitetrade.club) Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Today is Thursday, October 26th. I hope you had a great trading session. Here's what moved the market today: Markets 📈 U.S. large-cap indexes sold off on Thursday, with the Nasdaq [-1.7%] once again leading the charge lower. The S&P 500 [-1.1%] and Dow [-0.7%] also fell, while the small-cap Russell 2K [+0.3%] eked out a small gain. Sponsored [[Free Copy] Hedge Fund Black Book]( Legendary hedge fund veteran David Prince's is generating a tremendous buzz. He recently put together a report that exposes the #1 weekly options strategy used by Wall Street's top firms. See how he tracks down his favorite stock of the week, how he selects the best option contract, and much more. [Get Started Here]( Today's Market-Moving News 🔎 🛒 Amazon After-Market Earnings Preview Get ready, folks! Amazon [AMZN +0.0%] is set to reveal its quarterly digits after the closing bell. And it's been quite the year for Jeff Bezos' brainchild, with shares up a whopping 45% in 2023 alone. The "Magnificent Seven" 🌟 Amazon's announcement comes hot on the heels of other Big Tech earnings reports. We've already heard from Meta Platforms, while Microsoft and Alphabet have also dished out their stats. The Nitty-Gritty Numbers 💰 According to Wall Street analysts and data from FactSet, here's what to expect: - Revenue: Estimated at $141.5 billion, with Amazon's own guidance pinning it between $138 billion to $143 billion. - Net Income: Projected to hit $6.05 billion. - Earnings: On the GAAP side, 59 cents a share is the call. On the non-GAAP front, we’re looking at 62 cents a share. Stock Snapshot 📸 Despite the rosy year, Amazon's stock was recently down by nearly 2%, trading at $119.57. Perhaps it's just pre-earnings jitters? The Takeaway 🛍️ As one of the last of the "Magnificent Seven" to report, Amazon's earnings could either cement 2023 as a banner year for Big Tech or raise some red flags. So, tune in post-market to see if Amazon continues its hot streak or gives investors reason for pause. Today's Top Winners and Losers 🔥 Sight Sciences [SGHT] $1.29 (64.2%) fell on concerns that its OMNI Surgical System would not be covered by Medicare. Golden Minerals [AUMN] $1.15 (37.1%) fell after announcing plans to sell up to 2.9 million shares of common stock and warrants in a public offering. Lipella Pharmaceuticals [LIPO] $1.15 (31.9%) announced the closing of a $2 million private placement priced at-the-market under Nasdaq rules. Twin Ridge Capital [TRCA] $12.00 (+60.4%) exploded in a volatile session that included several trading halts. ABVC Biopharma [ABVC] $1.28 (+50.5%) agreed to license global rights to its MDD & ADHD-related CNS drugs to AiBtl BioPharma in a $667 million deal. MSP Recovery [LIFW] $1.45 (+34.8%) rallied on news that CEO John Hassan Ruiz made an insider buy of 467,290 shares priced at $1.07 apiece. 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](