Happy Tuesday Zingernation! We’ve got an old-fashioned face off today between the bulls and the bears. After six red days in a row, long investors finally got a green day yesterday, but was it just a relief bounce or the start of a new rally?

Today’s price action could be pivotal as we head into one of the biggest earnings week of the year so far. If you’re looking for the catalyst that could determine which way the market breaks next, look no further than the earnings report for mega-cap tech companies like Tesla, Meta, Google and Microsoft, all coming this week. Hope you like fireworks, because you’re going to get fireworks!

Plus, looking for an AI name to add to your portfolio that isn’t NVIDIA or Microsoft? Look no further than today’s partner.

And, crypto is so back. Billions of dollars are flowing into the new Bitcoin ETFs, driving prices to near all-time highs. Join thousands of engaged readers of Future Finance - our FREE digital assets newsletter.

MARKET SNAPSHOT

Yesterday: What is that I see? Green on my screen? Investors finally came in to buy the dip, with all major indices closing in the green, despite a slight sell off toward the end of the day

On Our Radar: Lots of earnings due after the close today with Tesla, Visa, Enphase Energy and more ready to report.

TOP STORY

Wall Street Set To Open Higher As Tesla Kicks Off 'Magnificent 7' Earnings: Why This Analyst Thinks Market Weakness Is A 'Healthy Pullback'

Briefly: The mood on Wall Street turned tentative on Tuesday as investors awaited earnings reports from the “Magnificent 7,” companies that fueled much of the market’s upside since 2023. Index futures rose slightly in early trading. Asian markets closed mostly higher, while European markets started on a firmer footing. Commodities pulled back, and bond yields held steady.

Basically: Earnings from several high-profile names could provide direction. Tesla, Inc shares rose modestly from their recent lows, ahead of the company’s earnings due after the close. A positive earnings surprise or optimistic commentary could lift the stock and potentially the broader market.

The Catalyst: Earnings could be the week’s key catalyst along with Friday’s inflation data, said fund manager Louis Navellier in a note to clients. “This is a huge week of earnings with companies worth $17 trillion reporting, including distressed Tesla,” he said.

Quoted: “Investors are understandably cautious going into the big earnings this week. If things turn out well we should see a strong buying of the dip,” he added.

So: Wharton Professor Jeremy Siegel, Senior Economist to WisdomTree, said in his weekly commentary the recent market pullback could be a healthy correction. “The near-term inflation outlook appears to be under control, with a trend towards moderation and the recent pullback from the highs leading to a healthy correction for the market,” he said.

Click here for the full scoop.

PRESENTED BY BRAND ENGAGEMENT NETWORK

Beyond Big Tech - How Brand Engagement Network (NASDAQ: BNAI) Is Shaping The Future Of AI

The world of generative AI is largely dominated by Big Tech companies like Microsoft, Amazon, and Google. Even start-ups and established companies rely on these giants for computing infrastructure and market reach, often licensing and rebranding AI models developed by these tech giants. This raises concerns about granting even more power to these industry behemoths.

Brand Engagement Network (BEN), a pure-play AI company, is standing up to Big Tech and making a splash in the industry. BEN has distinguished itself through its 16+ perception, understanding, and response AI modules, enabling human-like interaction. BEN's AI is customized for each business, ensuring data security and compliance. The company recently completed a business combination with DHC Acquisition Corp. and is now trading on Nasdaq under NASDAQ: BNAI. With its advanced technology and tailored customer experience, BEN offers an alternative to Big Tech dominance in the AI industry.

Click here to read more!

FIVE ZINGERS

Piggy-Back Trade: Ford is trading higher this morning after General Motors reported stronger-than-expected earnings.

More Sports, Less Shorts: Hibbet Sports’ stock traded up nearly 20% this morning on news that the company will be acquired in an all-cash deal.

Turn Up The Volume: Spotify has investors turning up the volume this morning, after a strong earnings report sent the stock up about 7%.

Still Bullish: Cathie Wood isn’t backing off of her Bitcoin prediction, and is expecting a 3,000% rally. Here’s why.

Bet On It: Penn is trading higher this morning following some bullish coverage from an analyst at Truist Securities.

ONE FOR THE ROAD

Microsoft Rattles OpenAI With New AI Model That's 'As Capable As' GPT-3.5, While Apple Is Still Hashing Out Its Google Gemini Plans For iPhones

What Happened: Microsoft Corp launched Phi-3 Mini, a lightweight AI model with 3.8 billion parameters, the smallest in its Phi series.

Basically: Microsoft's Phi-3 is the first of three small models that Microsoft plans to release. It is trained on a relatively smaller dataset and is now available on Azure, Hugging Face, and Ollama.

So: The Phi-3 Mini is an improvement over its predecessor, Phi-2, and is said to perform as well as larger models like Meta Platforms Inc.'s Llama 2, and OpenAI's GPT-3.5.

Why It Matters: Microsoft plans to release two more models in the Phi-3 series: Phi-3 Small (7B parameters) and Phi-3 Medium (14B parameters). Phi-3 Mini is primarily geared at lower capacity devices like smartphones and comes at a time when Apple Inc. is still hashing out plans to license Alphabet Inc.'s Google Gemini AI for iPhones.

Click here to read more.

PRESENTED BY BRAND ENGAGEMENT NETWORK

Beyond Big Tech - How Brand Engagement Network (NASDAQ: BNAI) Is Shaping The Future Of AI

The world of generative AI is largely dominated by Big Tech companies like Microsoft, Amazon, and Google. Even start-ups and established companies rely on these giants for computing infrastructure and market reach, often licensing and rebranding AI models developed by these tech giants. This raises concerns about granting even more power to these industry behemoths.

Brand Engagement Network (BEN), a pure-play AI company, is standing up to Big Tech and making a splash in the industry. BEN has distinguished itself through its 16+ perception, understanding, and response AI modules, enabling human-like interaction. BEN's AI is customized for each business, ensuring data security and compliance. The company recently completed a business combination with DHC Acquisition Corp. and is now trading on Nasdaq under NASDAQ: BNAI. With its advanced technology and tailored customer experience, BEN offers an alternative to Big Tech dominance in the AI industry.

Click here to read more!