Dow falls while Nasdaq stays hot 🔥

Tech stocks performed well on Friday, lifting the Nasdaq and S&P 500, while the Dow underperformed.                                                                                                                                                                                                                                                                                                                                                                                                                 February 09, 2024 | [Read Online]( Adam Garcia February 09, 2024 Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Here’s what moved the market today. Markets 📈 U.S. indexes climbed again on Friday, but the Dow closed slightly lower. The Nasdaq led with rally past 1%. - S&P 500 [+0.5%] - Dow [-0.1%] - Nasdaq [+1.2%] - Russell 2K [+1.4%] [More "Safe" Gold is Needed to Meet Growing Demand]( (ad) Gold is an effective way to protect portfolios from the forces of war and uncertainty. But gold reserves have declined, along with a lack of new gold discoveries. To make up for growing gold demand, more new mining projects and gold discoveries are needed - particularly in safe jurisdictions such as the U.S. [See why American gold should be on every investor's radar.]( » Want an Ad-Free Experience? [Upgrade Now!]( Market-Moving News 🔎 📊 S&P 500 Earnings Season Check-In As the corporate world's report season hits its stride, we've got the scoop on how the big players are faring. With about two-thirds of the S&P 500 companies having spilled the beans on their fourth-quarter earnings, it's time to dive into the digits. 🚀 The Earnings Beat The scoreboard is looking pretty solid, with 75% of companies outperforming Wall Street's predictions. While this might not beat the five-year streak of 77%, it's still a pretty impressive feat. These overachievers have managed to surpass expectations by 3.8%, though it's a tad shy of the 8.5% five-year dazzle. 💹 Growth on the Horizon There's a buzz in the air with companies poised to report a 2.9% uptick in fourth-quarter earnings compared to last year. This potential growth spurt signals back-to-back quarters of year-over-year earnings increases, painting a picture of resilience and recovery. 🔍 Valuation Vistas In the valuation arena, the S&P 500 is strutting at about 20.3 times its projected earnings for the next dozen months. This leap over the 20 mark for the first time in two years has eyes popping, especially when stacked against the five-year average of 18.9. In the grand tapestry of corporate earnings, these figures weave a story of cautious optimism, with companies navigating the economic currents to keep the growth narrative alive and kicking. Top Winners and Losers 🔥 Intelligent Bio [SINBS] $6.76 (+134.9%) reported a significant spike in annual revenues on its fiscal Q2 earnings report. 1847 Holdings [EFSH] $1.95 (+41.3%) priced a $5 million public offering of 5 million common shares and/or pre-funded warrants priced at $1 apiece. Masonite [DOOR] $130.51 (+35.0%) agreed to be acquired by Owens Corning [OC] in an all-cash, $3.9 billion deal that will pay investors $133 per share. Synlogic [SYBX] $1.77 (48.7%) said it will cease business operations immediately and slash 90% of its workforce in an announcement after Thursday’s closing bell. BioXcel Therapeutics [BTAI] $2.11 (43.7%) launched a $60 million underwritten public offering of its shares, according to a late Thursday regulatory disclosure. Syra Health [SYRA $2.92 (39.7%) pulled back after it rallied 336% on Thursday, following its announcement of a massive federal sub-contract. 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