The Rebound Rally rolls on... 🥁

Stocks continued to climb on Thursday, extending a rebound rally from the previous trading day.                                                                                                                                                                                                                                                                                                                                                                                                                 February 15, 2024 | [Read Online]( Adam Garcia February 15, 2024 Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Here’s what moved the market today. Markets 📈 Stocks extended their rebound rally on Thursday with another day of gains. The Russell 2K outperformed with a two-point rally, while the Dow led the large-cap indexes. - DJIA [+0.8%] - S&P 500 [+0.4%] - Nasdaq [+0.1%] - Russell 2K [+2.3%] [How to Trade Earnings Announcements Like the Pros]( (ad) Earnings Season is the best time of year to trade. That's because traders love to trade on earnings announcements, as they tend to result in short-term trades. Plus, Earnings Season trades are virtually immune from overall market volatility. But, there are [3 critical strategies you need to know]( if you're to trade Earnings Announcements like a pro. [Get The Ultimate Earnings Strategy Guide on the NEXT PAGE »]( » Want an Ad-Free Experience? [Upgrade Now!]( Market-Moving News 🔎 🚜 Deere's Dilemma: Fading Pricing Power Deere [DE (5.2%)], known for its iconic green-and-yellow tractors, is staring down some stifling headwinds. The agricultural giant has seen its ability to hike prices on tractors and harvesters dwindle amidst a tough climate for farmers. In a stark shift, price increases contributed $202 million to profits from large farm machinery sales in the January quarter, a sharp fall from $729 million in the previous quarter. This decline signals a tough road ahead, not just for Deere, but for the agriculture sector at large. 📉 Quarterly Profits Dip The squeeze on pricing power has taken a toll on Deere's bottom line. The company reported an 11% fall in quarterly profit and has trimmed its annual earnings outlook. This adjustment reflects the broader challenges in the agriculture futures markets, which have been on a downward trend for months. 🌾 Agriculture Braces for Impact With the U.S. Agriculture Department predicting a steep 25% drop in net farm income for 2024, Deere is bracing itself for significant sales declines across its divisions. The forecast includes a 20% sales dip in its large ag equipment sector, a 10% to 15% fall in small agriculture and landscaping equipment, and a 5% to 10% decrease in its construction and forestry unit. 📉 Shares Fall This downturn reflects growing concerns over the agricultural sector's future and Deere's place within it as farmers tighten their belts for potentially leaner times ahead. Top Winners and Losers 🔥 Tevogen Bio [TVGN] $8.98 (+510.8%) disclosed a new agreement to sell $8 million worth of Series A Preferred Stock to investors. Childrens Place [PLCE] $1.31 (+187.9%) said Mithaq Capital has built a controlling 54% stake in the company. MultiSensor AI [MSAI] $3.51 (+65.5%) unveiled its new SmartIR 2.0 software platform. Beamr Imaging [BMR] $10.00 (37.8%) pulled back after gaining through the first three days of the trading week. Telomir Pharma [TELO] $8.06 (32.2%) pulled back after completing its initial public offering on the NASDAQ-NMS earlier this week. Herbalife [HLF] $8.03 (31.6%) posted weaker than expected earnings on its Q4 earnings report after Wednesday’s closing bell. 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