Another mixed day for the market

The Nasdaq rebounded from its Monday sell-off, while the Dow and S&P 500 slide lower.                                                                                                                                                                                                                                                                                                                                                                                                                 June 25, 2024 | [Read Online]( Good Afternoon! Hey, everyone. It's Adam from Elite Trade Club. Sorry we’re late. We had some technical difficulties. Here’s what moved the market today. Markets 📈 The Nasdaq rallied back after a modest sell-off on Monday, while the Dow notched its first lost of the week, as stocks continue to post mixed results. - DJIA [-0.7%] - S&P 500 [+0.3%] - Nasdaq [+1.2%] - Russell 2K [-0.4%] [The Great Tech Exodus: What Do They Know That You Don't?]( A shadow has fallen over Silicon Valley as powerful insiders silently liquidate their stakes. This hidden trend could signal an impending market collapse that may devastate unprepared investors and rewrite the rules of wealth. Don’t wait to arm yourself with crucial knowledge. [Get the truth behind the coming storm HERE]( » Want an Ad-Free Experience + Top Growth Stock Picks? [Upgrade Now!]( Market-Moving News 📈 Rivian Secures Up to $5 Billion Investment from Volkswagen, Shares Surge 40% 🚗 Volkswagen announced plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial $1 billion investment. This move is expected to be followed by an additional $4 billion by 2026, including $1 billion each in 2025 and 2026, and $2 billion related to a joint venture for developing electrical architecture and software technology. Market Impact 📈 Shares of Rivian surged roughly 40% in after-hours trading on Tuesday, ahead of an investor event. Rivian has been under pressure from Wall Street due to its cash burn and significant losses, with its stock closing at $11.96 a share, down about 49% in 2024. Investment Structure 💼 The initial $1 billion from Volkswagen will be in the form of a convertible note, which can be converted to Rivian shares on or after December 1. Rivian is set to discuss the partnership further during an investor call at 6 p.m. ET Tuesday. Strategic Partnerships 🌐 Volkswagen is the second legacy automaker to invest in Rivian, following Ford Motor, which was once among Rivian’s largest stakeholders alongside Amazon. The partnership comes as automakers adjust strategies due to slower-than-expected EV adoption. It is unclear how this deal will affect Volkswagen's plans for a $2 billion EV plant for Scout Motors in South Carolina. Future Prospects 📉 Rivian has been cutting costs by trimming staff, retooling its Illinois plant, and pausing construction of a new factory in Georgia, expected to save over $2.25 billion. Despite reporting a loss of $1.45 billion in Q1 2024, Rivian ended March with $7.86 billion in cash and short-term investments, and over $9 billion in total liquidity. Top Winners and Losers 🔥 Regis Corp [RGS] $20.52 (+304%) announced a new refinancing credit facility that will reduce its total outstanding debt by more than $80 million. Volcon [VLCN] $5.56 (+43.3%) surged in what appeared to be a short squeeze rally. Fidelity lists the stock with a 591.82% short percentage as of May 31st. Nano Nuclear Energy [NNE] $29.10 (+39.4%) rallied after Benchmark analysts raised their price target on the stock from $15 to $39 citing positive developments for the company. NaaS Tech ADR [NAAS] $3.61 (31.8%) fell a day after Refinitiv/Verus resumed overage on the ADR representing 200 shares with a “hold” recommendation. Crown Electrokinetics [CRKN] $3.98 (30.7%) retreated its shares began trading on a 1-for-150 reverse split adjusted basis at today’s opening bell. GeoVax Labs [GOVX] $2.20 (27.3%) was downgraded from “buy” to “hold” by analysts at Refinitv/Verus mid-day Monday. 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. 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