Happy Friday Zingers! If ChatGPT and other AI products weren’t enough to convince you that the future is officially here, maybe Neuralink will. Elon Musk’s startup - Nueralink - aims to implant computer chips into people’s brains. It recently showcased its first-ever human trial patient, a quadriplegic who said the chip changed his life.

The technology has the potential to be groundbreaking for people who need it. But for me? Well, I’ve got enough going on in my head. Wait, it can help me pick better stocks? Ok, I’m listening.

Before we dive in, check out the company that’s bringing trust deeds to everyday investors like you and me.

And, looking to learn more about private and public real estate investing? Subscribe to our weekly real estate newsletter delivered every Friday. All it takes is one click.

MARKET SNAPSHOT

Yesterday: Another day, another all-time record close. The momentum from Wednesday carried into yesterday’s market action and all major indices closed in the green. Party on, Wayne.

On Our Radar: A little bit of Fed speak scattered throughout the day, but other than that, no major economic numbers are due today. Happy Friday!

TOP STORY

FedEx Stock Climbs On Q3 Results

Briefly: FedEx shares traded higher after the company reported its third-quarter financial results Thursday evening. Here's a look at the highlights.

The Details: FedEx reported quarterly earnings of $3.86 per share, beating the analyst consensus estimate of $3.45 by 11.88%. Quarterly sales came in at $21.7 billion, missing the analyst consensus estimate of $22.04 billion by 1.54%.

Buyback: The FedEx board of directors authorized a new $5 billion share repurchase program. The company plans $500 million of share repurchases in the fourth quarter.

Quoted: “FedEx delivered another quarter of improved profitability in what remains a difficult demand environment, reflecting outstanding service and continued benefits from DRIVE,” said FedEx CEO Raj Subramaniam.

Click here to read more.

PRESENTED BY IGNITE FUNDING

The Fickle Nature Of Financing And How Ignite Funding Is Changing The Game

The financing landscape can be challenging for borrowers with stringent qualifications and criteria set by traditional banks and close circles of friends and family. Often, borrowers can find themselves in a frustrating limbo with projects that are too small for national banks but too big for local ones. Additionally, successful ventures that challenge pre-existing norms may be overlooked due to rigid lending standards. 

However, financing platforms like Ignite Funding offer bankable borrowers the opportunity to gain financing solutions while providing investors with attractive returns paid monthly. The company has a track record of over a billion dollars in real estate loans and is known for its rigorous due diligence processes and commitment to fostering mutually beneficial relationships.

FIVE ZINGERS

Another Simulation: Margot Robbie proved she could play Barbie. Now, the superstar actress is producing a ‘Sims’ movie.

Real Estate, Real Gains: Real estate stocks rallied yesterday as investors gained confidence that the Fed plans to cut rates later this year.

Dr. Copper: Many investors refer to copper as Dr. Copper because its price action can help diagnose the overall economy. Here’s what analysts are saying.

Missed Opportunity: 7 investors had a chance to get in on Airbnb in 2008 but opted out. Here’s how much they would have made.

Piggy Backing: FedEx wasn’t the only shipping stock to shoot higher yesterday. UPS moved higher on the heels of FedEx’s report.

ONE FOR THE ROAD

'Party On, Wayne!' Market Expert Outlines Ideal Scenario For Stocks

What Happened: My earlier Wayne’s World reference might make more sense now. Cameron Dawson, chief investment officer at NewEdge Wealth, joined Benzinga's PreMarket Prep Thursday morning to discuss the Federal Reserve's Wednesday decision and what it means for stocks.

Context: The Federal Reserve announced Wednesday that despite hotter-than-expected inflation metrics delivered in the past few weeks, the central bank still plans on cutting rates 3 times this year. The cuts are expected to come once a quarter in the last 3 quarters of the year.

Basically: Dawson pointed out that the Fed's plans coupled with strong economic growth create an ideal scenario for stocks.

Quoted: "The phrase that came to mind all day yesterday, was just quoting to myself, was Wayne's World," Dawson said. "Truly it was a spark of ‘party on' and really is this a moment of being able to have our cake and eat it too, which is that you can have a friendly fed and yet still have growth that is strong and robust and supports things like risk assets in equities as well as within credit."

Click here to read the full breakdown.

PRESENTED BY IGNITE FUNDING

Not Just For The Ultra-Wealthy: Why Trust Deeds Belong In Your Real Estate Portfolio

For a long time, real estate investing has been perceived as an exclusive domain reserved for the wealthy. However, this is no longer the case as accessibility to real estate investment opportunities has increased over time. Trust deeds are one of the ways real estate has been more accessible for both investors and borrowers.

Ignite Funding has facilitated over a billion dollars in real estate loans and has become a trusted platform in the western United States, offering individualized investment opportunities and challenging the misconception that real estate investment is only for the ultra-wealthy.