Stocks stumble in Friday finale 📉

The market snapped a two-day winning streak before heading into a three-day break.                                                                                                                                                                                                                                                                                                                                                                                                                 February 16, 2024 | [Read Online]( Adam Garcia February 16, 2024 Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Markets will be closed Monday for President’s Day. I’ll be back on Tuesday with more hot stocks. Here’s what moved the market today. Markets 📈 The market limped into the President’s Day weekend after back-to-back gains on Wednesday & Thursday. - DJIA [-0.3%] - S&P 500 [-0.4%] - Nasdaq [-0.8%] - Russell 2K [-1.2%] [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 🔎 📊 Earnings Season Wraps Up: The Final Tally As we near the end of this earnings season, let's dive into the numbers and see how the S&P 500 fared, courtesy of FactSet's latest roundup. 🔢 Hitting the Mark So far, about 80% of S&P 500 companies have chimed in with their Q4 earnings, revealing some interesting trends. A solid 75% have outperformed earnings expectations, slightly under the five-year average of 77% but still edging past the decade's norm of 74%. 💹 Growth in Sight The earnings growth story is looking up, with companies tracking a 3.2% year-over-year increase for Q4. While it's a modest uptick, it points to resilience amidst economic uncertainties. 🎯 Expectations vs. Reality Despite the positive growth, earnings have surpassed predictions by 3.9%, a dip from the five-year average of 8.5% and below the ten-year trend of 6.7%. It seems Wall Street's crystal ball was a bit cloudier this season. 🔍 Who's Next? All eyes are now on the remaining heavy hitters set to report next week, including retail giant Walmart, energy powerhouse Diamondback Energy, and cybersecurity leader Palo Alto Networks. Their performances could add some final flourishes to the fourth-quarter earnings picture. Top Winners and Losers 🔥 MicroCloud Holo [HOLO] $66.36 (+114.0%) exploded in what appeared to be a severe short squeeze. HiTek Global [HKIT] $3.55 (+49.1%) rallied after Fortune Enterprise holdings disclosed a controlling 56.9% stake in the company on Tuesday. Fusion Fuel Green [HTOO] $2.28 (+90.0%) received the European Commission’s full approval for its HEVO-Portugal project under the bloc’s IPCEI Hy2Infra program. Semilux Intl [SELX] $2.61 (53.2%) recently made its Nasdaq debut after closing its business combination with Chengue Acquisition SPAC earlier this week. China Resources[CHNR] $1.77 (48.9%) registered for a $3.3 million direct placement offering this afternoon. Trupanion [TRUP] $22.88 (35.1%) reported weaker than expected preliminary Q4 earnings results early this morning. 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