Market rallies on strong Q4 GDP💪

Investor sentiment got a boost on Thursday when Q4 GDP came in stronger than expected...                                                                                                                                                                                                                                                                                                                                                                                                                 January 25, 2024 | [Read Online]( Adam Garcia January 25, 2024 Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Here’s what moved the market today. Markets 📈 Stocks gained after new data showed the U.S. economy ended 2023 on solid footing. - S&P 500 [+0.5%] - Dow [+0.6%] - Nasdaq [+0.1%] - Russell 2K [+0.5%] Sponsored [Blockbuster Acquisition Could Skyrocket this Under-the-Radar Stock]( An overlooked company just landed a deal that could catapult it to the forefront of its sector in the coming months. It operates in a sector that is known to be a favorite of Warren Buffett, and the deal could provide the catalyst it needs to break out. This could be an excellent swing trade set up, so don’t pass up the opportunity. [Get the Stock’s Ticker Symbol & Full Analysis Here »]( Market-Moving News 🔎 💹 U.S. Economy Outpaces Forecasts in Q4 The U.S. economy put the pedal to the metal in the last quarter of 2023, leaving recession worries in the rearview mirror. The Commerce Department's latest report shows a sprightly 3.3% annualized increase in GDP - a solid leap over the 2% growth Wall Street was betting on. 🔎 A Closer Look at the Numbers: - Q4's 3.3% growth rate outshines Q3's already robust 4.9%. - The economy's resilience has caught forecasters off guard, who had been bracing for a downturn. 📉 Inflation Eases Up: Inflation's also showing signs of cooling down: - Core PCE prices (the Fed's go-to for longer-term inflation trends) rose 2% over the quarter. - The headline rate stood at a modest 1.7%. - Year-on-year, PCE price index went up 2.7%, a noticeable drop from last year's 5.9%. - The core index, minus food and energy, marked a 3.2% annual rise, mellowing from the previous 5.1%. 💡 The Takeaway: The U.S. economy's end-of-year sprint has surprised many, hinting at a more resilient economic landscape than previously thought. With inflation showing signs of easing, it paints a hopeful picture as we step into 2024. Top Winners and Losers 🔥 Processa Pharma [PCSA] $5.10 (+148.7%) announced the completion of the safety tolerability evaluation in its Phase 1b trial of Next Generation Capecitabine. Vera Therapeutics [VERA] $25.31 (+48.7%) revealed it had entered into a new standby equity purchase agreement worth $20 million. Lava Therapeutics [LVTX] $2.23 (+42.9%) will team up with Merck [MRK +1.0%] to develop a LAVA-1207 plus Keytruda combo therapy. 1847 Holdings [EFSH] $1.51 (24.1%) announced an offering of 2.6 million shares priced at $1.87 apiece. Essa Pharma [EPIX] $6.80 (-22.6%) reported disappointing clinical data from a Phase 1 trial of EPI-7386 at the 2024 ASCO Genitourinary Cancers Symposium. Su Group [SUGP] $3.12 (22.0%) continued to slide after a poor performance on Wednesday following its IPO. 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