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Happy Friday Zingernation! There are lots of ways to learn about investing and trading. You can study the strategies of guys like Warren Buffett and Jack Bogle. You can read books like “Technical Analysis Of Financial Markets.” Or… you could watch TikTok? Here’s how the TikTok ‘finfluencers’ have fared over the past couple of years, plus, China sends warning signs.

—Aaron Bry & Nic Chahine

Plus, through the rise of EVs, AI demand and other technological advancements, copper is surging. Here’s how to make money off it.

MARKET SNAPSHOT

Yesterday: All systems go as the major indices notch another green day, recovering nearly all of the losses from the Yen carry trade sell-off. Strong economic data released yesterday morning helped dispel some recession fears.

On Our Radar: Light day for earnings, but consumer sentiment numbers come out at 10am ET. Trade on, Zingers!

TOP STORY

Nvidia-Led AI-Stock Rally Was Got Right By TikTok Finfluencers

Basically: Investing in stocks is serious business, often requiring professional advice or thorough research. However, a new trend sees people turning to social media, especially TikTok, for investment tips from ‘finfluencers,’ raising concerns about the reliability of their advice.

What Happened: A report from BestBrokers found that over 64% of the stock predictions made in the 20 most-watched stock-picking videos on TikTok in 2023 turned out to be accurate, including significant rallies in AI stocks like NVIDIA Corp and Qualcomm. But, can the calls be trusted?

PRESENTED BY SPROTT

Copper Prices Cross $10,000 Per Ton In Q2 – Is Copper Entering A New Supercycle?

Copper’s exceptional electrical conductivity and contribution to energy efficiency make it a critical resource. As global economies accelerate their clean energy activities, the importance of copper has become even more apparent against a backdrop of supply chains restricted by geopolitical events, with no viable substitutes that can fully replace the metal’s capabilities. For investors, this presents an opportunity to gain exposure to a critical resource that could be poised to continue rising in economic significance over time.

FIVE ZINGERS

Oh Deere: Deere’s stock is on the run after a strong earnings report, and analysts raising their price targets for the tractor maker.

How Do You Say ‘Sorry’ In Welsh?: Multiple ChatGPT users reported the AI chatbot responding to prompts in Welsh… what’s going on?

Easy Money: Raking in dividends are a great way to make passive income. Here’s how much Este Lauder stock you’d need to make $500 a month.

Is The Pretty Penny Worth It?: The prices at Disney parks are on the rise. But the company is planning on making the experiences more valuable.

Inside Job: Insiders are selling shares at household names like Starbucks, Nike and these other stocks.

ONE FOR THE ROAD

Oil Prices Drop As Gaza Ceasefire Talks Progress, China Releases Weak Economic Data

Basically: Oil prices, tracked by the United States Oil Fund, dropped sharply Friday morning, with West Texas Intermediate (WTI) light crude futures falling 3% below $76 per barrel at 8:00 a.m. in New York, as traders reacted to developments in Gaza ceasefire negotiations and disappointing economic data from China.

So: Talks between Israel and mediators began on Thursday and negotiators are set to reconvene in Doha, Qatar, on Friday to work towards a Gaza ceasefire agreement, which could help prevent further regional escalation, Reuters reported. Here’s what the move in oil means for the market.

PRESENTED BY TRADEZERO

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