Bull&Bear | Elong Power Leads Bull Market Surge with 114.71% Two-Day Gain

In the bull market, several stocks have shown impressive upward trajectories. Among these, Elong Power (ELPW) surged by 43.14%, marking its second consecutive day of gains and achieving an overall increase of 114.71% over the past two days. The company has recently released its annual report, transitioning report, and registration statement, which appears to have bolstered investor confidence.

Intercont (NCT) experienced a 40.53% increase, maintaining growth for three consecutive days, and recording a 44.32% rise over this period. The firm has successfully secured $10.5 million from financing efforts, prior to deducting fees, indicating strong financial momentum and strategic positioning.

RYET, a technology company, recorded a gain of 34.10%, continuing its four-day streak with an impressive 65.09% increase. The successful public listing in the United States, raising $15 million, has likely contributed to the positive market sentiment surrounding the company.

Triller Group (ILLR) increased by 30.12%, sustaining growth over five consecutive days and achieving a total uptick of 96.36%. Triller has partnered with Amplify.ai to offer an innovative influencer marketing solution, enhancing the interaction between brands and influencers through advanced AI technology. This strategic collaboration is anticipated to improve marketing precision and effectiveness, providing a better return on investment for brands, and potentially boosting Triller Group's market performance.

Ivanhoe Electric (IE) registered a 28.32% increase following the receipt of a letter of intent from the Export-Import Bank to provide up to $825 million in financing for its Santa Cruz Copper Project. This anticipated funding is poised to significantly support project development and reinforce the company's competitive standing within the copper industry.

Conversely, in the bear market, Applied Digital (APLD) saw a sharp decline of 35.94%. The reasons behind the 33% drop in its stock on Tuesday demand further analysis.

Webull's stock plummeted by 34.98%, a result of anticipated investigations by the U.S. Securities and Exchange Commission referring to Charles Gasparino's exclusive report. The SEC chairman's involvement signifies heightened scrutiny as lawmakers exert pressure on regulators and exchanges regarding delisting procedures for Chinese firms that fail to comply with U.S. disclosure laws, putting Webull under the congressional spotlight.

Critical Metals (CRML) experienced a 15.69% decrease as MTM adjusted management compensation to align with market standards. Such restructuring suggests an effort to optimize operational efficiency and possibly rectify investor concerns over executive pay scale.

Satellogic (SATL) shares fell by 12.53%, resulting in a market capitalization reduction of $53 million last week. Private firms bore the brunt of this valuation impact, underscoring the volatility present in the sector.

New Fortress Energy (NFE) declined by 12.48%, marking its second consecutive day of losses with a total decrease of 15.59% across this period. Notably, Citigroup maintained a buy rating for New Fortress Energy but lowered its target price to $8, reflecting a reassessment of the company's potential amidst market fluctuations.