Tech’s Next Giant? Invest in This Early-Stage Opportunity

September 19, 2024 | [Read Online]( Tech’s Next Giant? Invest in This Early-Stage Opportunity [fb]( [fb]( [fb]( [fb](mailto:?subject=Post%20from%20Elite%20Trade%20Club&body=Tech%E2%80%99s%20Next%20Giant%3F%20Invest%20in%20This%20Early-Stage%20Opportunity%3A%20%0A%0Ahttps%3A%2F%2Felitetrade.club%2Fp%2Ftechs-next-giant-invest-in-this-early-stage-opportunity) Good morning! It’s September 19th, and today we’ll take a look at Steelcase’s poor results, Trump Media’s declining fortunes, and the impact of the jumbo rate cut by the Fed on the markets. We’re also uncovering the next tech giant in the smartphone industry. Previous Close 📈 Stocks initially surged Wednesday following the Fed’s decision to cut interest rates by 50 basis points but ultimately closed lower. Investors had anticipated the rate cut but were cautious after Fed Chair Powell downplayed the likelihood of further drastic reductions. Futures U.S. stock futures are surging today after the Fed’s supersized rate cut. Dow futures are up 468 points, or 1.1%, while S&P 500 futures have climbed 1.5%, and Nasdaq 100 futures are up 2%. Technology [Tech’s Next Giant? Invest in This Early-Stage Opportunity]( A groundbreaking tech company is rewriting the rules of the smartphone industry, boasting 32,481% growth over the past three years. With over $60M in revenue and 45M+ users, their innovative device enables consumers to earn money from everyday activities like listening to music and playing games. [Now offering shares at just $0.25,]( this pre-IPO round gives you the chance to invest in a tech revolution. Over 26,997 investors have already jumped on this opportunity—don’t miss your chance. [Click here to learn how you can join and get up to 100% bonus shares today.]( What to Watch Key data releases to watch for today include the Initial Jobless Claims and the Philadelphia Fed Manufacturing Survey for September at 8:30 a.m. Eastern. At 10:00 a.m. Eastern, Existing Home Sales and U.S. Leading Economic Indicators for August will be published. Darden (NYSE: DRI) and Cracker Barrel Old Country Store (NASDAQ: CBRL) will report their earnings before the market opens, while FedEx (NYSE: FDX), Lennar (NYSE: LEND), and MillerKnoll (NASDAQ: MLKN) will release their quarterly results after the closing bell. Furniture Steelcase Lowers Full-Year Profit Outlook Amid International Market Decline, Stock Plummets Steelcase issued a full-year 2025 profit forecast that lags behind analyst expectations. The company projected earnings per share (EPS) in the range of $0.86 to $1.01, below the consensus estimate of $0.98. Additionally, its third-quarter revenue forecast of $785 million to $810 million missed estimates of $812.08 million. Its stock is falling by more than 10% in premarket trading. While the Americas region saw 3% order growth, international orders dropped 11%, driven by weakness across most markets, except India. Steelcase attributed the growth in the Americas to sectors like government, education, and healthcare, while large corporate orders declined. Despite the challenges, Steelcase expects orders from large corporate customers to improve in the second half of the year. The company ended the second quarter with a backlog of approximately $680 million, consistent with last year but with a higher percentage of orders expected to ship within ninety days. Media Trump Media Shares Decline Ahead of Insider Stock Sale Restrictions Lifting Shares of Trump Media, the company behind Truth Social, hit a new post-merger low on Wednesday, closing at $15.62. The stock is recovering its losses in premarket trade today, where it is up by 1.15%. The decline comes ahead of the expiration of a "lockup" period that prevented insiders, including Donald Trump, from selling their stakes. The stock has dropped 3.22%, bringing the company’s market capitalization to $3.126 billion. The lockup, a common feature of initial public offerings, prohibited Trump and other early stakeholders from selling shares for roughly 180 days following the company’s merger with a special purpose acquisition company (SPAC) in March. The restrictions expire on Thursday. Last week, the stock briefly surged by 25% after Trump announced he had no intention of selling his 57% stake, though the stock has since fallen sharply, dropping 6% on Tuesday following a legal ruling involving an early investor. Trump's stake in Trump Media is currently valued at about $1.8 billion, making up a significant portion of his estimated $3.9-billion net worth. Since its July high, the stock has declined more than 61%, down 76.5% since its market debut. Technology Intel Refutes Plans to Sell Majority Stake in Mobileye, Shares Surge Intel confirmed that it has no plans to divest its majority stake in Mobileye, leading to a 2% rise in the self-driving technology firm's shares during premarket trading. This comes after earlier reports suggested Intel was considering selling a portion of its stake, which had caused a sharp decline in Mobileye's stock. Mobileye, which has seen its shares fall by over 73% this year, has been facing challenges, including reduced demand for its driver-assistance chips. The company cut its revenue and profit forecasts in August, primarily due to economic weakness in China. Intel, meanwhile, is under financial pressure as it seeks to free up capital to reinvest and compete in the rapidly advancing AI chip market, dominated by rivals like Taiwan Semiconductor Manufacturing. EV Industry [Capitalize on the Lithium Rush]( The EV industry’s rapid expansion is fueling a surge in demand for lithium. This Nevada company’s projects are well-positioned to meet that demand, creating a prime opportunity for investors. As battery metals become essential for the global shift to clean energy, this stock could be set for explosive growth. [Get the full details on this exciting lithium play now!]( (By clicking the link above, you will get this free report and a free subscription to the advertiser's daily email newsletter. You are also agreeing to the [privacy policy]( terms of the advertiser. Unsubscribe at any time.) Movers and Shakers Exicure, Inc. [XCUR] - Last Close: $2.29 Exicure’s stock is surging by more than 160% in the premarket trading session. The company announced that it has received an extension from the Nasdaq Hearings Panel to remain listed, provided it meets all criteria by November 14, 2024. Exicure has already regained compliance with Nasdaq’s minimum bid price requirement and successfully exchanged around $1 million of debt for equity at a conversion price of $3 per share. This extension, along with the company's recent debt conversion, has boosted investor confidence, leading to the significant rise in the stock price. My Take: XCUR has recently recovered from a near delisting scenario, so despite the rally it would be prudent to adopt a wait-and-watch approach before jumping into this one. Galmed Pharmaceuticals Ltd. [GLMD] - Last Close: $6.90 Galmed Pharmaceuticals is up 33% so far before today’s opening bell. It announced its plans to expand its drug development activities into cancer and major cardiometabolic diseases. Based on promising results from its Phase 3 NASH study and recent scientific discoveries about Stearoyl-CoA desaturase1 (SCD1) inhibition, Galmed aims to develop Aramchol-based drug combinations to combat resistance in advanced colorectal and hepatic cancers, as well as target cardiac fibrosis in cardiovascular diseases. The company has also raised $7.5 million through warrant exercises and equity line drawdowns, providing an extended cash runway to support these new programs and boosting investor confidence. My Take: GLMD is on a pullback after plummeting 54% yesterday. The recovery may not last, so be careful if investing in this one. Venus Concept Inc. [VERO] - Last Close: $0.50 Venus Concept shares are rallying by 79% after the company announced it has received regulatory approval from Australia's Therapeutic Goods Administration (TGA) to market its Venus Bliss MAX system. The Venus Bliss MAX is a flagship platform that offers a comprehensive body treatment solution combining multiple advanced technologies for fat reduction, muscle conditioning, and cellulite reduction. This approval allows Venus Concept to introduce its innovative system to the Australian market, which has generated strong positive feedback globally. The news has boosted investor confidence, driving the stock's significant rise. My Take: The go-ahead in the Australian market may open up a lot of avenues for the firm. Keep an eye on this stock for growth in the future. Tap Into a Future Tech Disruptor [Pre-IPO Opportunity: Disrupting the Smartphone Market]( Mode Mobile has already seen incredible 32,481% growth, and now, they're giving you the chance to get in early. With over $60M in revenue and 45M+ users, their "[EarnPhone](" is changing the way consumers interact with smartphones—turning everyday activities like listening to music and playing games into money-making opportunities. This [pre-IPO round opens at just $0.25 per share.]( Don't miss your chance to join 26,997 shareholders already capitalizing on this tech disruption. [Click here to claim your share bonus and invest today.]( Everything Else - [Alibaba]( boosted its AI capabilities with new open-source models and a text-to-video generator. - [European stocks]( climbed following the Fed's first rate cut in four years. - An EU court warned that [Booking.com](’s rate curbs could hinder hotel competition. - The EU gave [Apple]( six months to open its iPhone and iPad systems to rivals. - [DCM Ventures]( offloaded its entire Kuaishou stake amid a stock slump. - [India's]( stock market overtook China's in key MSCI indices. - [SK Hynix]( was downgraded amid fading pricing power as its shares hit an 8-month low. - [Sri Lanka]( finalized an international bond restructuring deal, bolstering economic recovery. - The [U.K. central bank]( maintained rates at 5% and extended its bond reduction plan by £100 billion. That’s all for today. Thank you for reading. If you have any feedback, please reply to this email. Best Regards, — Adam Garcia Elite Trade Club [Click here]( to get our daily newsletter straight to your cell for free. P.S. Just like this newsletter, it's 100% free*, and you can stop at any time by replying STOP. [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. [Privacy Policy]( | [Terms of Service]( Update your email preferences or unsubscribe [here]( © 2024 Elite Trade Media LLC 1969 Alafaya Tr., Suite #247 Orlando, Florida 32828, United States of America [Terms of Service](