| | Good Afternoon! | Hey, everyone. It's Adam from Elite Trade Club. | Here's what moved the market today. |
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| | | | Markets 📈 | The market rebounded at the end of the day, allowing some U.S. indexes to squeak out a win. The Dow Jones saw the most improvement, rising 0.25% from yesterday. | DJIA [+0.25%] S&P 500 [+0.16%]
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| Nasdaq [-0.07%] Russell 2K [-0.48%]
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| | Market-Moving News 📈 | Business | Amazon Workers in North Carolina to Vote on Unionization Next Month | | Amazon warehouse workers in Garner, North Carolina, are gearing up for a pivotal union election in February. Employees at the facility, known as RDU1, will vote over several days to decide whether to unionize, marking the latest chapter in the company's labor relations challenges. The grassroots group Carolina Amazonians United for Solidarity and Empowerment (CAUSE), led by current and former employees, has spearheaded the effort after three years of organizing. | If successful, the warehouse would become only the second Amazon site in the U.S. to unionize. The first was Amazon's largest facility in New York City, where workers voted to join the Amazon Labor Union in 2022. However, that group faced challenges negotiating a contract, eventually affiliating with the Teamsters. | Unionization efforts at Amazon warehouses across the U.S. have been met with hurdles, including failed votes and legal disputes. In Alabama, for instance, a federal labor judge ordered a third re-run election after finding Amazon improperly influenced previous votes. | CAUSE, which recently filed for the election, aims to secure better wages and improved working conditions for employees. This comes on the heels of strikes by Amazon workers at multiple facilities during the holiday season, pushing for negotiations on workplace concerns. |
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| | Electric Vehicles | Honda Unveils Zero Prototypes and New Operating System at CES | | Honda unveiled its highly anticipated battery-electric prototypes, the Honda 0 SUV and the Honda 0 Saloon, at CES in Las Vegas. These vehicles, built on the company's Space-Hub and Saloon concepts, respectively, are slated for production in 2026 and will feature the automaker's new in-house Asimo operating system. This platform promises enhanced customization and advanced automated driving capabilities, offering a glimpse into Honda's vision for future mobility. | The Honda 0 SUV stands out with a unique rear cargo design, while the sleeker Saloon incorporates retro-inspired elements, including innovative headlight designs. Both models reflect a balance of futuristic aesthetics and functionality, aiming to capture a nostalgic yet modern appeal. Interior designs remain in prototype form, featuring expansive dashboard screens reminiscent of Honda's collaborations with Sony on the Afeela EV. | Central to these vehicles is Honda's move toward a unified electronic control system, developed in partnership with semiconductor manufacturer Renesas. This approach reduces the need for multiple ECUs, enabling better integration of advanced driver assistance systems, powertrain management, and AI-driven features. | With Level 3 autonomous capabilities, the Honda 0 lineup seeks to redefine user interaction by blending driving enjoyment with cutting-edge convenience. Honda's continued focus on innovation positions it to compete in the evolving landscape of electric and autonomous vehicles. |
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| | Banking | Ally Financial Cuts Jobs, Ends Mortgage Business as Debt Costs Rise | | Ally Financial is implementing significant changes to streamline its operations and adapt to ongoing economic pressures. The company plans to cut jobs, halt its mortgage origination business, and evaluate strategic alternatives for its credit card division. These decisions come amid growing challenges for borrowers struggling with higher debt costs due to elevated interest rates. | The planned workforce reduction will affect less than 5% of Ally's employees, impacting multiple departments instead of a single area. While these cuts are part of an effort to right-size the organization, Ally remains focused on growth by continuing to hire in other critical areas. The company's adjustments aim to balance operational efficiency with sustainable performance. | Known for its robust presence in the auto-lending sector, Ally has tightened its lending criteria to address intensifying credit risks. These measures are designed to reduce loan charge-offs and maintain portfolio health in a challenging financial environment. | By reassessing its priorities and restructuring key segments of its business, Ally is positioning itself to navigate the shifting financial landscape while reinforcing its commitment to long-term stability and customer-centric solutions. The strategic focus reflects its broader goal of ensuring resilience in a market defined by rising borrowing costs and evolving consumer needs. |
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| | Top Winners and Losers 🔥 | | | Vir Biotechnology [VIR] $12.48 (+58.17%) | Vir Technology saw promising results in its cancer treatment trial, sending shares to new heights. | AngioDynamics Inc [ANGO] $12.94 (+37.66%) | AngioDynamics turned in an impressive second-quarter report, causing its stock to jump. | Lifevantage Corporation [LFVN] $19.97 (+21.40%) | Lifevantage shares soared after raising its revenue guidance for the fiscal year following excellent second-quarter results. |
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| | | | | | Jasper Therapeutics Inc [JSPR] $6.99 (-60.53%) | Jasper Therapeutics fell despite sharing positive data from a BEACON study for its chronic spontaneous urticaria drug, indicating investors aren't happy with the result. | Rigetti Computing Inc [RGTI] $10.04 (-45.41%) | Rigetti Computing was hit hard following Nvidia CEO's announcement that useful quantum computing is still decades away. | Quantum Computing Inc [QUBT] $9.91 (-43.34%) | Quantum Computing also felt the weight of the Nvidia CEO's declaration that useful quantum computing will not be viable for some time. |
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| | Gold | | | Gold is set to take center stage in 2025. As inflation rises and economic uncertainty grows, the demand for this timeless asset is accelerating. | Experts are already calling it a "perfect storm" for gold prices, and the window to act is narrowing fast. | (By clicking the link above, you will get this free report and a free subscription to MarketBeat's daily email newsletter. You are also agreeing to the terms of our privacy policy. Unsubscribe at any time.) | The new 2025 Gold Forecast: A Perfect Storm for Demand report reveals why gold could see explosive growth in the months ahead. This report is your blueprint for staying ahead of the surge—while others scramble to catch up. | Position yourself now, before the market takes off. | Click here to access your free report and get ahead of the trend. | (By clicking the link above, you will get this free report and a free subscription to MarketBeat's daily email newsletter. You are also agreeing to the terms of our privacy policy. Unsubscribe at any time.) |
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| | 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! | Thanks for reading. I'll see you at the next open! | Best Regards,
— Adam G.
Elite Trade Club |
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