Pharma stock breaks out for 316% 🚀

A tiny pharma firm kicked of 2024 with a triple-digit rally. Get all the details inside...                                                                                                                                                                                                                                                                                                                                                                                                                 January 02, 2024 | [Read Online]( Adam Garcia January 02, 2024 Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Happy New Year! Here’s what moved the market in the first trading day of 2024. Markets 📈 The stock market opened 2024 with a whimper thanks to a sizeable sell-off in tech stocks. Most U.S. benchmarks closed the day lower, although the Dow managed to post a small gain. - S&P 500 [-0.5%] - Dow [<0.1%] - Nasdaq [-1.6%] - Russell 2K [-0.7%] Sponsored [The Next “Wednesday Winner” Could Be Massive]( These Wednesday Winners are racking huge wins, week after week. Better yet, each pick features an “80% Win Rate Guarantee”… [Get Started for FREE on the Next Page »]( Market-Moving News 🔎 📉 Apple Slides After Barclays Downgrade Apple Inc. [AAPL -3.5%] tumbled on Tuesday thanks to a downgrade from Barclays. Analysts shifted their stance on Big Tech behemoth from 'equal weight' to a bearish 'underweight'. The downgrade could signal a noteworthy shift in Wall Street’s perspective on the stock, which the majority of analysts still rate as a 'buy'. 🎯 Barclays' Revised Target Barclays adjusted its price target for Apple to $160, slightly down from the previous target, but notably lower than FactSet’s average estimate of around $190. The Barclays analysis pointed to concerns over iPhone volumes and mix, alongside a lack of recovery in other Apple products like Macs, iPads, and wearables. 📊 Market Impact The drop in Apple shares, which was about 3%, also impacted the broader market. It subtracted nearly 40 points from the Dow industrials, despite the index's overall upward trend at the time. This follows an impressive 2023 for Apple, where the stock surged 48%, ending the year with a staggering market capitalization of $2.994 trillion. This performance marked Apple's best since 2020 and a strong rebound from a 27% decline in 2022. 💵 The Bottom Line Apple is still one of the most valuable companies on the planet, and no one expects that to change anytime soon. However, it might not be the best time to buy into this one. Top Winners and Losers 🔥 Longboard Pharma [LBPH] $25.10 (+316.2%) said its seizure drug bexicaserin achieved positive topline results in clinical trials. Dogness Intl. [DOGZ] $8.17 (+60.5%) jumped on news that Sabby Management has taken a 3.17% stake in the company. VolitionRX [VNRX] $1.05 (+46.4%) Announced the receipt of a $13.0 million milestone payment from Heska, prompting EF Hutton to reiterate its “buy” rating on the stock. Anavex Life Sci. [AVXL] $6.04 (35.0%) said a Phase 2/3 EXCELLENCE study of ANAVEX®2-73 in pediatric Rett syndrome missed its primary endpoint. China SXT Pharma [SXTC] $2.64 (33.5%) pulled back after a huge rally last week. There was no obvious news to explain either move. Mobix Labs [MOBX] $2.70 (32.8%) sold off in its first day of trading since completing its business combination with Chavant Capital SPAC last week. 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 Text ELITESTOCKS to 47121 or [click here]( to get our alerts on your mobile device, and never miss another fast-moving stock! P.S. Just like this newsletter, it's 100% free*, and you can stop at any time by replying STOP. [Sign Up for Mobile Alerts Now!]( [tw]( [ig]( [yt]( [tk]( *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 these emails. [Privacy Policy]( | [Terms of Service]( Update your email preferences or unsubscribe [here]( © 2024 Elite Trade Media LLC 1969 Alafaya Tr., Suite #247 Orlando, Florida 32828, United States of America