| | | 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 got a much-needed shot in the arm after Fed Chair Powell stated the economy’s in good shape. The Nasdaq Composite benefitted the most, jumping 0.70% on the day. | DJIA [+0.52%] S&P 500 [+0.55%] |
| Nasdaq [+0.70%] Russell 2K [+0.59%] |
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| | Market-Moving News 📈 | Automotive | Tesla Faces Surge in Second-Hand Listings as EV Market Evolves | | Tesla (NASDAQ: TSLA) is seeing a rise in second-hand vehicle listings, reflecting shifts in consumer demand and competition in the electric vehicle (EV) sector. | Online auto marketplaces reported a significant increase in used Tesla listings over recent months, with a notable jump in February. The rise in pre-owned Tesla availability comes as the company faces evolving market conditions, including increased competition from legacy automakers and newer EV brands introducing alternative models. | At the same time, used EV prices, including Tesla’s, have softened amid changing incentives, interest rates, and broader economic factors. Some models, particularly older versions of Tesla’s popular vehicles, have seen steeper price adjustments compared to the broader electric car market. | Tesla’s sales trends remain mixed across different regions. While new vehicle registrations in the UK saw an uptick in February, reports indicate that order volumes in key international markets have fluctuated. Tesla continues to operate in a rapidly changing sector where automakers are expanding their EV offerings, and pricing strategies are adapting to industry trends. | The company has maintained its focus on innovation and efficiency, including advancements in battery technology and autonomous driving features. |
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| | Financial Services | Nasdaq Sets Timeline for Round-the-Clock Trading Expansion | | Nasdaq (NASDAQ: NDAQ) is preparing to introduce 24-hour trading to make U.S. markets more accessible to global investors. The exchange has begun discussions with regulators and expects to roll out extended trading hours in the second half of 2026. | The move is designed to meet increasing demand from international traders who operate across different time zones. With foreign holdings of U.S. equities reaching record levels in recent years, Nasdaq is positioning itself to accommodate a broader investor base. | Under the new system, the exchange plans to keep trading available five days a week, eliminating the traditional overnight pause between sessions. The goal is to provide continuous access, allowing investors worldwide to respond to real-time market-moving events without waiting for the next day’s opening bell. | This expansion follows similar efforts by other exchanges. Last year, the New York Stock Exchange announced plans to extend trading on its digital platform, bringing its hours closer to a full-day model. Nasdaq’s approach could further accelerate the shift toward round-the-clock market operations. | While details on implementation and regulatory approvals are still in progress, the transition marks a significant change for U.S. equity markets. Investors and market participants are watching closely as Nasdaq moves forward with its plan to redefine trading accessibility. |
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| | | | Retail | Gap Sees Strong Stock Surge After Beating Earnings and Raising Guidance | | Gap (NYSE: GAP) shares surged after the retailer posted strong fourth-quarter earnings, exceeding analyst expectations. The company also raised its full-year profit outlook, citing operational improvements and steady demand across key brands. | Revenue growth was fueled by increased online sales, offsetting the impact of ongoing store closures. Strength in digital channels and a disciplined approach to inventory management helped drive higher margins. Cost-cutting measures and improved operational efficiency further supported the company’s profitability. | The retailer’s full-year guidance now projects more substantial operating profit growth, signaling confidence in its ability to navigate changing consumer trends. Management credited brand momentum and streamlined operations for the positive outlook. | Investor response was swift, with shares climbing following the announcement. The company continues to focus on optimizing its footprint while leveraging digital channels to sustain long-term growth. | Gap's stock price has fluctuated over the past year, but this latest earnings report suggests a potential turnaround, driven by a combination of cost efficiencies and strategic growth initiatives. |
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| | Top Winners and Losers 🔥 | | | Willdan Group Inc [WLDN] $41.80 (+29.73%) | Willdan Group jumped today after posting a positive earnings snapshot in its Q4 2024 report. | Yoshiharu Global Co [YOSH] $13.97 (+22.44%) | Yoshiharu Global saw positive growth today as the company looks to expand its presence into new regions. | Ameresco Inc [AMRC] $11.09 (+19.38%) | Ameresco soared after its recent acquisition of ASA Controls to improve its smart buildings solutions. |
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| | | | | | National Cinemedia Inc [NCMI] $5.22 (-17.80%) | National Cinemedia stock went off the cliff as its earnings call was not to shareholder expectations. | Genesco Inc [GCO] $27.11 (-16.43%) | Genesco missed estimates in its Q4 earnings report, causing shares to fall. | Samsara Inc [IOT] $35.36 (-15.57%) | Samsara experienced pullback after the company’s weak forward guidance did not impress investors. |
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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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