| | | 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 saw life today despite tariff and inflation fears, leading to gains across several U.S. indexes. It was the Dow Jones that failed to impress, dropping nearly half a percent on the day. | DJIA [-0.43%] S&P 500 [+0.01%] |
| Nasdaq [+0.26%] Russell 2K [+0.14%] |
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| | Market-Moving News 📈 | Retail | Target Bets Big on Apparel with New Champion Partnership | | Target (NYSE: TGT) is stepping up its apparel game with an exclusive multiyear partnership with sportswear brand Champion. The retailer aims to strengthen its clothing category by introducing a new line of over 500 Champion-branded items, set to launch in August. | The collection, available in most Target stores and online, will feature a range of apparel for adults and kids, along with accessories, sporting goods, and bags. A special limited-time varsity-inspired collection will also roll out in September. Most items in the lineup will be priced under $40, keeping in line with Target’s affordability-focused strategy. | Target has a long history of leveraging brand partnerships to attract shoppers and differentiate itself in the competitive retail space. The company previously sold C9 by Champion for 15 years before replacing it with its private-label brand, All In Motion, in 2020. | This new collaboration brings Champion back into Target’s stores with a more fashion-forward approach designed for style and everyday comfort. | The retailer has been focusing on apparel as a key growth driver, especially as shoppers remain selective with discretionary spending. Recent product launches, including exclusive collections, have shown strong consumer response, reinforcing Target’s strategy of combining well-known brands with value pricing. | With this partnership, Target is positioning itself to capture more customers looking for stylish yet affordable activewear, reinforcing its status as a go-to destination for everyday essentials and fashion. |
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| | Deliveries | Instacart Faces Investor Scrutiny as Revenue Falls Short | | Instacart’s (NASDAQ: CART) latest earnings report did little to ease investor concerns, as revenue came in lower than expected despite increased order volume. The online grocery delivery platform has been investing heavily in making its services more accessible and affordable, but those efforts appear to be weighing on its margins. | The company reported higher gross transaction value, indicating strong demand, but revenue growth did not keep pace. Instacart attributed this to pricing adjustments and operational improvements to attract more customers. However, the market reacted negatively, lowering its stock in early trading. | This comes after a strong earnings report from competitor DoorDash recently surpassed expectations and provided an upbeat outlook. The contrast between the two companies has fueled debate over Instacart’s ability to sustain profitability while expanding its customer base. | Instacart has refined its pricing model and delivery efficiency, rolling out new features and partnerships to improve customer retention. While its leadership remains focused on long-term strategy, investors remain cautious about the financial impact of these initiatives. | With competition in the delivery space intensifying, the pressure is on Instacart to demonstrate that its approach can drive growth and profitability. |
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| | | | Healthcare | Eli Lilly to Invest $27 Billion in U.S. Manufacturing Expansion | | Eli Lilly has announced a major expansion plan, committing over $27 billion to build four new manufacturing plants in the U.S. This investment comes as the company experiences increased demand for its popular diabetes and weight loss drugs, as well as a growing pipeline of treatments for various conditions. The move also aligns with the broader trend of reshoring manufacturing to the U.S., a policy promoted by the current administration, which has encouraged companies to bring production back home to reduce reliance on foreign supply chains. | Eli Lilly’s new sites will focus on producing active ingredients for drugs like tirzepatide, the key compound in its weight loss drug Zepbound and diabetes treatment Mounjaro. This expansion is expected to address significant supply chain gaps in the U.S. and boost the company’s ability to meet the growing demand for these treatments. The investment also supports Eli Lilly’s efforts in other therapeutic areas, such as cancer and Alzheimer's disease. | The new manufacturing facilities will create more than 3,000 jobs in specialized fields like engineering and science, alongside 10,000 construction positions. While the specific locations for the new sites are yet to be determined, Eli Lilly’s latest investments bring its total U.S. manufacturing spend to over $50 billion in recent years, reflecting the company’s strong commitment to growth and innovation. |
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| | Top Winners and Losers 🔥 | | ZoomInfo Technologies [ZI] $11.73 (+23.08%) | ZoomInfo Technologies delivered a stellar fourth-quarter earnings report, pushing shares back in an upward direction. | ACM Research Inc [ACMR] $27.69 (+20.71%) | ACM Research enjoyed the fruits of its earnings and revenue beat in the company’s Q4 financial report. | Madrigal Pharmaceuticals Inc [MDGL] $355.88 (+14.99%) | Madrigal Pharmaceuticals jumped on promising data from its compensated fatty liver cirrhosis drug trial. |
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| | | | Flywire Corp [FLYW] $11.05 (-37.36%) | Flywire stock dropped on an analyst downgrade and announcement that the company will cut 10% of its workforce in an attempt to restructure. | Grocery Outlet Holding Corp [GO] $10.99 (-30.18%) | Grocery Outlet failed to impress investors with its Q4 report, leading to sell-offs. | ODP Corporation [ODP] $15.02 (-21.73%) | ODP was also unable to live up to analyst expectations in today’s quarterly financial report. |
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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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