🇺🇸 Presidential Returns

Trump and Biden coins each up more than 100,000%, Funko shares get a pop and more

Happy Friday Zingernation! Imagine deciding to make silly little 6-second videos on a new social media app called Vine with your brother, and then next thing you know you find yourself in a boxing ring with one of the greatest fighters of all time.

That’s the journey Jake Paul has taken. He’s set to fight Mike Tyson in a bout that will be streamed on Netflix in July. When I’m 57, I hope I’m just catching 9 holes, not 9 rounds in a ring, but hey, whatever floats your boat, Mike.

Before we dive in, check out today’s partner that’s helping everyday investors get involved in real estate.

And, did someone forward you this email? Click here to subscribe to this Benzinga newsletter and more.

MARKET SNAPSHOT

Yesterday: New all-time highs once again. $NVDA continued its torrid run, reaching more than $925 a share. Tech was the hottest sector, with the QQQs closing up nearly 1.5%.

On Our Radar: JOBS DAY! Nonfarm payroll comes out at 8:30 am ET. The market is expecting 198,000 new jobs.

TOP STORY
Outer Space GIF by Pudgy Penguins

Briefly: The S&P 500 soared past the 5,150-point mark Thursday, reclaiming its record-high territory set earlier in the week. This surge was propelled by reassuring comments from Fed Chair Jerome Powell regarding potential interest rate cuts.

Zooming In: Addressing the Senate Banking Committee, Powell indicated that the Fed is not too far from being confident enough to cut rates, suggesting a growing inclination among policymakers to initiate easing policy this year.

Magic Words: Powell’s statements injected fresh optimism into the markets, with the tech-heavy Nasdaq 100 climbing to 18,290, nearing its previous record of 18,333 points achieved just days prior.

Upward Trajectory: Meanwhile, Bitcoin saw a 2.6% increase, reaching $67,840 per coin and inching closer to its all-time high, now less than 2% away.

Learn More: Check out the full scoop here.

PRESENTED BY IGNITE FUNDING

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.

FIVE ZINGERS

Hot N Cold: Tom Lee from Fundstrat said that a hot February inflation report could lead to cold markets in March.

Presidential Returns: Joe Biden and Donald Trump each have meme coins named after them, and they’re both up more than 100,000%.

Get A Big Head: Funko, the company behind Funko Pops, got a nice pop itself yesterday after reporting strong earnings.

All Good In The $HOOD: Robinhood passed an impressive milestone, with more than $10 billion in overnight trading.

Crackin’ Down: Eli Lilly and other weight-loss drug makers are doing their best to fight against counterfeit drugs on the market.

ONE FOR THE ROAD
Snl Zyn GIF by Saturday Night Live

Basically: A cryptocurrency named after the popular Zyn Nicotine pouches called ZynCoin has emerged as a notable player in the meme coin space. The coin gained over 4,000% in the last three weeks alone to reach a market capitalization of over $80 million.

What Happened: Originally launched at the end of November 2023, ZynCoin has entered a vertical price discovery phase. It had weekly gains of 419% last week and 150% in the current week, per CoinMarketCap data.

The Details: The token is available on Ethereum. Notably, ownership of ZynCoin is renounced and its liquidity is locked, adding a layer of trust and security for investors.

For The Culture: ZynCoin has been dubbed a "culture coin" for capitalizing on the appeal of a cultural phenomenon — in this case, nicotine pouches.

What Next: Check out the full story here.

PRESENTED BY FINANCE BUZZ

Do you shop on Amazon or use Prime? If so, you might be missing out on huge savings and a chance to earn extra cash on every purchase you make.

Our money-saving experts put together a list of secret hacks that you should know about if you're an Amazon shopper. They can help you save money, earn cash, cancel unwanted subscriptions, and more.