Stocks hover as uncertainty continues 🎢

Indexes ended the day close to where they opened on Thursday                                                                                                                                                                                                                                                                                                                                                                                                                 June 13, 2024 | [Read Online]( Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Here’s what moved the market today. Markets 📈 Stocks ended Thursday’s session very close to where they opened it. U.S. large-cap indexes moved less than 0.5%, while the Russ2K posted a wider loss. - DJIA [-0.1%] - S&P 500 [+0.2%] - Nasdaq [+0.3%] - Russell 2K [-0.8%] [The AI Software Revolution Is Here – Don’t Get Left Behind!]( The AI revolution is entering a new era, and the spotlight is shifting to groundbreaking software. Industry giants are betting big on these cutting-edge innovations, pouring billions into the AI software market. As this transformative technology reshapes entire industries, fortunes will be made – and you have the chance to be part of it. The question is, will you seize this once-in-a-lifetime opportunity, or watch from the sidelines as others get rich? [Get the AI Software Stocks That Could]( » Want an Ad-Free Experience + Top Growth Stock Picks? [Upgrade Now!]( Market-Moving News 🔎 Rising Ocean Freight Rates Could Surpass $20,000, Posing New Threat to Global Trade 🌊 Amid encouraging news on U.S. inflation, a new concern emerges as ocean freight rates are projected to rise sharply, potentially reaching $20,000 per container and staying high into 2025. This alarming forecast signals a significant challenge for global trade. Significant Rate Increases 📈 Spot ocean freight rates from the Far East to the U.S. surged by 36%-41% month over month. General rate increases by ocean carriers spiked approximately 140%, pushing the price of a 40-foot cargo container to around $12,000. Paul Brashier of ITS Logistics confirmed that limited container availability and scarce vessel capacity are driving these elevated rates. Long-term Outlook Pessimistic 🛳️ Industry experts like Goetz Alebrand from DHL Global Forwarding Americas are not optimistic about a near-term decline in freight rates. Alan Murphy, CEO of Sea-Intelligence, noted that high rates could persist, especially with ongoing geopolitical issues such as the Red Sea crisis impacting shipping routes. Economic and Market Impacts 📊 Sea-Intelligence forecasts suggest that Asia-Europe spot prices could exceed $20,000, with additional costs from alternate shipping routes around Africa adding significant expenses. This scenario echoes the pandemic period when freight rates soared due to severe supply chain disruptions. Peter Boockvar of Bleakley Financial Group highlighted that this spike in shipping rates contributes to global inflation volatility, despite recent disinflation trends in the U.S. Shippers are expressing frustration over the steep price hikes, with Nate Herman of the American Apparel and Footwear Association criticizing carriers for ignoring existing contracts. Air Freight Rates Also Rising ✈️ Alongside ocean freight, air freight rates are increasing. Data from Xeneta shows a 43% year-on-year rise in China to North America air freight spot rates in May. Companies like Apple and semiconductor firms are turning to air freight, which is projected to see double-digit growth in volumes in 2024. These rising costs in both ocean and air freight highlight the ongoing challenges and unpredictability in global trade logistics, complicating efforts for businesses worldwide. Top Winners and Losers 🔥 Zapp EVs [ZAPP] $2.43 (+239%) filed a prospectus for the sale of up to 1.43 million ordinary shares from time to time. Nexalin Tech [NXL] $1.38 (+125%) was awarded regulatory approval from the Braziliant Health Regulatory Agency to sell its Gen-2 15mA neurostim devices. Longeveron [LGVN] $2.69 (+48.6%) continued to rally after Zack’s set a $15.10 price target on the stock in a note published Wednesday. ZKH Group [ZKH] $4.11 (28.4%) continued to fall after posting weaker-than-expected revenues on its Q1 earnings report yesterday. Kaival Brands [TNXP] $1.36 (31.3%) filed an S-1 registration statement announcing the sale of 3+ million shares of common stock and accompanying warrants.. DDC Enterprise [DDC] $1.14 (25.9%) retreated after a massive rally on Wednesday. The breakout began on news DDC had acquired Asian food brand Omsom. 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]( [Privacy Policy]( | [Advertiser Disclosure]( [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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