Stocks mixed after Tuesday rally 🌪️

The Dow notched a new record in an uncertain session for stocks.                                                                                                                                                                                                                                                                                                                                                                                                                 March 13, 2024 | [Read Online]( Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Here’s what moved the market today. Markets 📈 Stocks followed Tuesday’s rally with a lackluster performance on Wednesday. The Nasdaq and S&P 500 pulled back, while the Dow hit a new record high after notching a tiny gain. - DJIA [+0.1%] - S&P 500 [-0.1%] - Nasdaq [-0.5%] - Russell 2K [+0.2%] Are you ready to take your investing game to the next level? We empower investors like you with a daily newsletter which includes the insights needed to stay informed and make profitable decisions in the stock market. [Join Millions Who Trust The Early Bird]( » Want an Ad-Free Experience + Top Growth Stock Picks? [Upgrade Now!]( Market-Moving News 🔎 📈 TikTok's Potential Ban: Winners & Losers As whispers of a TikTok ban grow louder, investors and industry watchers are casting their bets on who might emerge victorious from such a scenario. Meta Platforms [META -0.8%], with its social media advertising prowess and ownership of Instagram, seems like the frontrunner. Indeed, Meta's shares saw an uptick following the House's decision that could compel TikTok's parent company, Bytedance, to divest or face a ban in the U.S. However, the victory might not be as sweet or significant as some anticipate. TikTok's U.S. ad revenue, estimated at about $6 billion last year, represents a mere fraction of what Meta pulls in globally. After an initial surge, Meta's stock experienced a downturn, reflecting the nuanced realities of this potential market shift. 👻 Snapchat Surge Snap Inc [SNAP +1.1%], the parent company of Snapchat, also felt the ripple effects of the legislative development, enjoying a more than 3% boost in its share price. The increase extends a trend that began with the bill's unexpected advancement in the House committee. Despite this, Snapchat's advertising business has faced its own challenges, with stagnant growth in 2023 and skepticism about its value to advertisers. This skepticism has tempered the initial enthusiasm, with share prices moderating to a modest uptick. 📺 Streaming Beneficiaries Beyond the immediate circle of social media platforms, the potential TikTok ban opens opportunities for streaming giants like Netflix [NFLX -0.2%] and Disney+. With TikTok users possibly seeking alternatives to fill their leisure time, these platforms could attract those looking to reallocate their average 75 minutes per day spent on TikTok. Netflix has acknowledged TikTok as a formidable competitor for viewer attention, highlighting the interconnectedness of the digital entertainment ecosystem. 💡 Investor Sentiment Despite the legislative momentum against TikTok, investor sentiment remains cautious, suggesting a belief that TikTok might still have a few tricks up its sleeve. The fluctuation in share prices across Meta, Snap, and even streaming platforms underscores the complex dynamics at play. The potential reshuffling of the digital entertainment and advertising landscape is a multifaceted puzzle, with short-term gains possibly giving way to longer-term strategic realignments. As the situation unfolds, the real winners and losers in this saga will depend on how each player adapts to the changing market conditions. Top Winners and Losers 🔥 Laird Superfood [LSF] $1.90 (+104.3%) posted stronger-than-expected earnings and revenues on its Q4 earnings report. Vroom [VRM] $17.49(+53.8%) rallied ahead of its Q4 earnings report, which is scheduled to drop after today’s closing bell. Gaxos.ai [GXAI] $8.04 (+51.1%) acquired the rights to use an AI-enabled technology from a biohacking app called Ultiself. 1847 Holdings [EFSH] $1.38 (46.9%) pulled back to a lower trading range after a sharp rally in late February, despite no obvious news to explain the move. Luna Innovations [LUNA] $4.02 (35.7%) postponed its Q4 earnings release due to an independent committee review of certain recognized revenues transactions in Q2 & Q3. XTI Aerospace [XTIA] $3.50 (33.5%) made its public market debut on the Nasdaq after closing a reverse merger deal with Inpixon SPAC earlier this week. 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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