🚘 Musk's New Test

Elon Musk and Tesla embark on the next step toward full self-driving, $DWAC and Reddit shares trending and more

Happy Tuesday Zingers! If you asked Beyonce who runs the world, she’d tell you ‘girls.’ The stock market tells a different story. I’m not talking about men, I’m talking about memes.

Meme coins have captured the hearts of retail investors once again with names like Pepe and Dogwifhat gaining thousands of percentage points in the last few months. But now meme stocks are back too, with Reddit and GameStop running yesterday. Speaking of GameStop, the company will report earnings after the close today. If past reports are any indicator, we could be in for some fireworks.

Before we dive in, if you’re interested in capitalizing on gold’s most recent rally, check out 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: Was a tough day for the overall market with all major indices closing in the red. Reddit was one of the bright spots, closing up around 30% as the stock trended on different platforms.

On Our Radar: Durable goods orders and the S&P Case-Shiller home price index were out before the open, and today we’ll hear from companies like McCormick, GameStop, and more.

TOP STORY
Donald Trump Win GIF by PBS NewsHour

Context: Redditors are buzzing about former President Donald Trump's social media platform, Truth Social. It’s set to become the second social media company to go public in less than a week.

What Happened: Digital World Acquisition Corp announced Monday that it completed its business combination with Trump Media & Technology Group Corp (parent company of Truth Social). It will begin trading on the Nasdaq today under the ticker symbol DJT. Based on current prices, TMTG could be valued as high as $8.6 billion on a fully diluted basis.

Retail Chimes In: Redditors are commenting on the staggering valuation of the parent company of Truth Social, an unprofitable social platform with approximately five million active users, according to estimates from SimilarWeb.

Quoted: "DWAC revenues are at a whopping 3.2 million. Yes, a grand total 3.2 million in revenues and the company is valued at around 9 billion," u/RainGator said.

Click here to read more.

PRESENTED BY STANSBERRY RESEARCH

Many experts believe gold is headed to $3,000/oz. or even higher. Especially when you consider the strange events happening across the economy right now:

U.S. government bonds just saw its worst bear market since the Civil War...

A "tsunami of branch closures" is happening across the banking sector...

All while the soaring price of household goods has added an extra $11,400 to the typical household's expenses.

This likely explains why so many billionaires are loading up on gold right now. And yet, there's an even bigger buyer in the gold markets who is now purchasing gold at an unprecedented rate.

As this rally picks up most investors will likely run out and buy an ETF, a gold mining stock, or even bullion.

But there's actually a much better way to profit from the emerging gold boom (with as little as $5).

FIVE ZINGERS

$HOOD Riddance: Robinhood’s stock took a hit on Friday, closing down around 4%, but then made it back yesterday as investors bought the dip.

Time For Takeoff? Boeing hopes that a leadership change will help turn the company around, with the stock trading higher yesterday on news that its CEO will step down.

Umm, I’ll Take A McJoint: It feels like McDonald’s are on every corner. But now there are more cannabis dispensary locations than McDonald’s.

Expensive Taste: One analyst outlined why U.S. equities are trading at a higher premium compared to stocks from other countries.  

Wood Not Buy: I don’t know about y’all, but I sure wouldn’t have splurged on this. The wooden door frame that couldn’t fit Jack in ‘Titanic’ sold for more than $700k.

ONE FOR THE ROAD
Elon Musk Snl GIF by Saturday Night Live

Basically: Self-driving features from EV company Tesla have been touted as a future catalyst for growth. But they’ve also led to controversy and lawsuits.

Lately: Tesla CEO Elon Musk is taking another step towards the adoption of driver-assist features, making sure all new vehicle buyers are aware of them. Musk recently said that Tesla's full self-driving (FSD) software "should be really shining bright" by late April or May.

A Crucial Step: A memo from Musk to Tesla staff revealed a "hard requirement" that new vehicle purchases need to have a demonstration of driver-assist features for consumers who buy Tesla vehicles in the United States. Musk recognized that this would slow the delivery process, but he nonetheless sees it as a crucial step.

Test It Out: Tesla staff will install and demonstrate the features, according to a memo reported by Bloomberg. Along with showing off the features, Musk said that Tesla employees should also take purchasers on a "short test ride" to demonstrate features in real time.

Click here to read the full breakdown.

PRESENTED BY STANSBERRY RESEARCH

Investors are getting very rich in AI stocks right now. According to 50-year Wall Street legend Marc Chaikin, there are FIVE AI companies Wall Street is buying hand-over-fist that need to be on your radar.

  • Ray Dalio, Stanley Druckenmiller, and David Tepper all just quietly made huge bets on these companies.

  • While Bill Ackman sank $1 billion into one of these stocks, right before it jumped double-digits in less than a month.

Chaikin just revealed all of their names and tickers in the first 3 minutes of our on-camera interview. You can watch for free here.