Top movers from today's down session 📉

Stocks extended their slid on Wednesday, but a few tickers notched big gains....                                                                                                                                                                                                                                                                                                                                                                                                                 January 17, 2024 | [Read Online]( Adam Garcia January 17, 2024 Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Welcome back from the long weekend. Here’s what moved the market today. Markets 📈 Stocks sank again in today’s trading session, extending their losses from Tuesday. The Dow overperformed with the smallest loss of the group. - S&P 500 [-0.5%] - Dow [-0.2%] - Nasdaq [-0.5%] - Russell 2K [-0.7%] Sponsored [Regime Change At Federal Reserve?]( The Fed just began the rollout of a new technology that'll "shake the US financial system". It'll likely go down in history as the biggest change to the financial system since Western Union’s "lightning lines." [Take These 3 Steps Now to Maximize This Opportunity]( Market-Moving News 🔎 ⚖️ Beanie Babies in the Courtroom: Defining Assets and Securities At a pivotal hearing on Wednesday, the Securities and Exchange Commission (SEC) and Coinbase [COIN <0.1%] engaged in a debate central to the crypto world: What criteria define an asset as a security? 🔍 Applying the Howey Test - Criteria for Securities: The SEC uses the Howey test to determine if an investment constitutes a security. The test evaluates if there's an investment of money in a common enterprise with an expectation of profits primarily from the efforts of others. - Judge's Inquiry: Judge Katherine Polk Failla raised concerns about the broad application of the SEC's standard, questioning if it could extend to collectibles or commodities like Beanie Babies. 🏛️ The Beanie Baby Debate The SEC lawyer argued that collectibles, such as baseball cards, don't constitute a common enterprise. Their value is influenced by customer taste and time, not by a collective effort to increase their worth. The lawyer distinguished digital tokens from traditional collectibles, stating that tokens are integral to their respective crypto ecosystems and derive value from these networks. 💡 Ecosystems and Token Value In the SEC's view, digital tokens offer access to their specific crypto ecosystems. Without these ecosystems, the tokens would be valueless, differentiating them from traditional collectibles like Beanie Babies. The court's decision on this matter could have far-reaching implications, clarifying the fine line between various types of assets and securities in the evolving financial landscape. Top Winners and Losers 🔥 BullFrog AI [BFRG] $3.19 (+20.8%) said its collaboration with the Lieber Institute for Brain Development may have produced a breakthrough. LQR House [LQR] $2.66 (+31.6%) contributed another $5 million to a previously announced share buyback program. Safety Shot [SHOT] $2.32 (+29.6%) responded to “false claims” from FSD Pharma [HUGE -2.6%] and announced it’s continuing with the national launch of its wellness beverage. Roma Green Finance [ROMA] $1.14 (70.8%) continues to trade erratically after completing its IPO last week. Shares are down 60.6% over the past five trading sessions. DatChat [DATS] $1.61 (+49.3%) pulled back after rallying 67.1% on Tuesday, following its announcement of a $1.8 million underwritten public offering. Transcode [RNAZ] $2.16 (43.3%) filed for an offering of 1.5 million shares of common stock and accompanying warrants. 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