Happy Thursday, Zingernation! Ah, retirement. It may seem a ways away, but it’s never too early to start planning. Like who will I golf with? What type of boat should I get? What will be the best ways to use my AARP card? And can I even retire if I don’t have a cool $5 million on hand?

–Aaron Bry and Nic Chahine

Today’s Price Action:

$SPY: -.21%
$QQQ: -.20%
$DIA: -.02%

Plus, want to take advantage of gold’s most recent rally? You may want to look into this gold-mining company that’s poised for growth.

And, why haven’t you checked out the “MoneyLine” yet? Stop getting trade ideas from your buddies at the bar, and start following a pro.  

TODAY’S MOST VOLATILE STOCKS

TODAY’S TOP STORY

Andrew Left Shorted GameStop Again — Here Are His 3 Long Stock Ideas

Briefly: Best known as a short seller and the founder of Citron Research, Andrew Left went short on GameStop in 2021 — and again in May 2024.

So Basically: Evidently Left has bad luck as a short-seller. But what about his long stock ideas?

Back Up: Left took a break from writing short reports after the GameStop short squeeze of 2021 that he lost money on. "The rewards aren't there anymore,” Left told Benzinga. “There's so much against you."

So Then: While Left still shares short ideas, he often shares the stocks that he sees as multi-baggers in his social media posts nowadays. Left shared three stocks he likes during an exclusive interview with Benzinga.

So What? Among Left’s growth ideas are an edge computing company, an African e-commerce firm, and — drum roll please — a private prison corporation. Galaxy brain or crystal ball?

See the names and decide for yourself.

PRESENTED BY PASOFINO GOLD

A Liberian Gold Rush? Introducing Pasofino Gold’s Dugbe Gold Project

Pasofino Gold is expanding its mining presence in Liberia with the Dugbe Gold Project, aiming to tap into West Africa's untapped gold exploration potential. The project is located within the Birimian geological province, known for hosting West African gold deposits. Pasofino owns 100% of the project through its subsidiary, ARX Resources Limited. 

The known discoveries in the project, such as the Dugbe F and Tuzon areas, indicate a combined Measured and Indicated Resource of around 3.3 million ounces of gold. The project also has large mineral reserves, estimated at 2.76 million ounces, supporting an annual gold production of 200,000 ounces from open-pit mining.

In January 2024, Pasofino closed a non-brokered private placement of $2.3 million to insiders to fund the Dugbe Gold project which allowed the company to progress the development of the Project and the maximization of its value. Currently, a new drill program is underway to extend the Tuzon mineralization along with possible additional exploration targets previously identified.

Click here to keep reading

FIVE MOVERS

Reddit’s stock popped higher, shooting up 10% after the close, on word of the social media company’s new partnership with OpenAI.

GameStop shares got crushed again today, trading down more than 30% as the meme trade appeared to run out of gas.

Cannabis stocks like Tilray, Aurora and others moved higher today after Biden formalized plans to reclassify marijuana.

Doximity shares popped after the bell following the company’s earnings report which exceeded both EPS and revenue expectations.

Alibaba shares closed up more than 5% in today’s session as a bullish sentiment appears to be surrounding the stock post earnings.

ONE TRADE IDEA FOR TOMORROW

David Tepper Bullish On China: Alibaba Now No. 1 Holding

Briefly: American billionaire hedge fund manager David Tepper is bullish on China.

Who: Tepper is the founder and president of Appaloosa Management, a global hedge fund. He is also the owner of the NFL’s Carolina Panthers of the National Football League and Charlotte FC in Major League Soccer.

What: Alibaba, Tepper’s fund’s fifth-largest holding until last quarter, is now his hedge fund’s number-one holding. The stock now commands 12.05% of the Appaloosa portfolio, up from the 5.82% earlier.

Why: Tepper first bought Alibaba stock for the Appaloosa fund back in the second quarter of 2022. With the additional 6.9 million shares bought, Appaloosa now owns 0.41% of the company. Changsha Panthers when?

Click here for the full analyst breakdown.

PRESENTED BY MONEYLINE

Ex-Startup CEO Turned Trader Cracked The Options Code

Most options traders who buy calls and puts only win 20-30% of the time. Not Nic Chahine, west coast startup CEO turned professional trader. Nic's pulling off a win rate over 83% with a net gain of 27% per trade (winners and losers), and you can get access to his weekly trades. There’s no fancy software, indicator or moving average involved. See how Nic wins more trading options and get his weekly trades.

Click here to learn more.