Stocks stumble to start the week 📉

The market followed up a lackluster Friday performance with modest losses on Monday.                                                                                                                                                                                                                                                                                                                                                                                                                 February 26, 2024 | [Read Online]( Adam Garcia February 26, 2024 Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Here’s what moved the market today. Markets 📈 Stocks turned south on Monday following their lackluster performance on Friday. The small-cap Russell 2K was the lone winner among U.S. benchmarks. - DJIA [-0.1%] - S&P 500 [-0.3%] - Nasdaq [-0.1%] - Russell 2K [+0.6%] [COMING SOON: Our Top Space Stock Picks for 2024]( Intuitive Machines’ recent moon landing has reinvigorated investors’ enthusiasm about the high-growth space industry! Space is truly the “Final Frontier“ for investors. It’s a virtually untapped resource could be on the verge of an OUT OF THIS WORLD performance in 2024. We’ve covered some of the top picks in our upcoming report Space Race Profits: Investing in the Final Frontier. This report is exclusively available to Insider members, so upgrade now to ensure you’ll be among the first to get it when it drops! [Click here to UPGRADE NOW »]( » Want an Ad-Free Experience? [Upgrade Now!]( Market-Moving News 🔎 🎉 Profit Party: Coinbase Breaks the Losing Streak Guess who's back, back again? Coinbase [COIN +16.8%] is back, tell a friend! After a two-year hiatus from the green zone, Coinbase Global has flipped the script, turning a dazzling profit in the crypto casino. Thanks to a bullish crypto market and some savvy interest income plays, Coinbase is popping champagne with a fourth-quarter profit of $273 million, or a slick $1.04 a share. That's a heroic leap from last year's $557 million faceplant. Over 2023, Coinbase pocketed a cool $95 million in net profit from a whopping $3.1 billion revenue pot. 💹 To the Moon! Post-market trading saw Coinbase shares doing the moonwalk, jumping 12% to $185. Sure, it's not quite the $381 debutante ball of 2021, but hey, progress is progress, right? The trading volume ticked up to $154 billion in Q4, showing that the crypto appetite is alive and kicking, folks. 💰 Diversify or Bust Once almost exclusively a transaction fee junkie, Coinbase is evolving. It's diving deep into custody services, interest-earning assets, and the oh-so-lucrative world of staking. Q4 brought in $375 million from subscriptions and services, a nice jump from the previous year's $283 million. 🪙 Stablecoin Shine The cherry on top? Stablecoin revenue, baby. It spiked to $172 million, thanks to a sweet deal with Circle's USD Coin, turning those reserves into a golden goose. 📈 Beating the Odds Coinbase didn't just beat expectations; it left them in the dust with a 51% revenue rocket to $954 million, cruising past the $826 million guesswork. Transaction revenue also got a boost, hitting $529 million thanks to the ever-spinning trading volume wheel. So, what's the moral of the story? Never count out a comeback, especially in the wild west of crypto. Coinbase is back in the saddle, y'all, and it's riding high! Top Winners and Losers 🔥 Microcloud Hologram [HOLO] $12.00 (81.5%) just WILL NOT go away! The tug-of-war between bulls & bears entered its second week today, and the bulls had the upper hand. Soundhound AI [SOUN] $5.75 (+46.6%) rallied as positive sentiment stemming from last week’s upbeat NVIDIA [NVDA +0.3%] earnings report continued to boost AI stocks. Krystal Biotech [KRYS] $157.00 (+41.0%) swung to a surprise profit and posted stronger than expected earnings and revenues on its Q4 earnings report in today’s premarket. Intuitive Machines [LUNR] $6.27 (34.6%) corrected after seeing big gains last week following its successful landing of a lunar rover on the surface of the Moon. InfoBird [IFBD] $2.76 (26.9%) pushed back the effectiveness of a previously-announced 1-for-8 reverse stock split scheduled for today to March 4th Bone Biologics [BBLG] $2.70 (25.0%) filed an S1 registration statement after Friday’s close for the direct offering of roughly 1.28 million common shares & 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. 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