Happy Tuesday Zingernation! You already know the deal: buy the rumor and sell the news. And I’m not one for gossip, but if there’s a rumor out there that can make me money, I’m gonna listen.

-Aaron Bry and Nic Chahine

Plus, check out the company that’s capitalizing on the growing industry of influencer marketing.

Also, Have you failed to make money buying options? 80% do. Using the "MoneyLine", you could've won 83% of the time instead. Here's how.

MARKET SNAPSHOT

Yesterday: Overall was a strong day for stocks with the S&P 500 and QQQs closing in the green while the Dow lagged behind and closed in the red.

On Our Radar: A lot of Fed Speak today with Fed Gov Waller speaking at 9am ET, followed by John Williams and Michael Barr. Traders will have their eyes set on $NVDA ahead of the company’s earnings report tomorrow.

Plus: 20-year options trading pro Nic Chahine releases his top options trade each week. The secret is the "MoneyLine." Get the details HERE.

TOP STORY

Investing In AI? Diversify 'Beyond The Likes Of NVIDIA' Says WisdomTree's CIO

In Short: In an exclusive interview with Benzinga, Jeremy Schwartz, Global Chief Investment Officer at WisdomTree, shared his insights on sectors and themes that are currently capturing the firm's attention.

Basically: As we navigate through the first half of 2024, he pointed to one area that stands out prominently: artificial intelligence (AI) and its transformative potential across various industries.

So: Schwartz highlighted that global corporations are investing heavily in computing infrastructure, with over $100 billion being allocated annually.

Quoted: “We are also observing the emergence of superior chatbots and "CoPilots" that optimize existing software as well as conversations about how AI has the potential to increase productivity across nearly every industry,” said Schwartz.

Why It Matters: These advancements underscore AI’s potential to boost productivity across nearly every sector, a trend that investors cannot afford to overlook.

Click here to read the full story.

PRESENTED BY IZEA

IZEA Reports Q1 Bookings Growth Of 53% As Influencer Marketing Projected To Surge

The influencer marketing industry is booming, with projections estimating a staggering growth from $16.5 billion in 2022 to $199.6 billion by 2032. This exponential rise is fueled by the shift towards authentic engagement, where traditional advertising struggles to resonate with today's skeptical consumers spending more time online.

Leading the charge is IZEA Worldwide Inc., a key player in the industry. With their Managed Services bookings growing 53% year-over-year in the first quarter of 2024, totaling $9.3 million, IZEA demonstrates its prowess in capitalizing on the influencer marketing surge. CEO Ted Murphy emphasizes the organic nature of this growth, highlighting a strong sales pipeline and a record-setting quarter.

Click here to learn more.

FIVE ZINGERS

Not Dead Yet: Macy’s reported earnings before the bell this morning, and it looks like retail ain’t dead yet.

Lowering The Bar: Analysts are coming in and lowering their price targets for Zoom after the teleconference company reported weak revenue growth.

On The Other Hand: Analysts are raising price targets on Palo Alto Networks, despite the cybersecurity company moving lower post earnings.

$LOW Man Wins: Lowe’s traded higher this morning after reporting earnings, despite consumers spending less on DIY projects.

Avoid The Birds: Jim Cramer recommended a look at this healthcare, but isn’t a fan of this bird-related stock.

ONE FOR THE ROAD

China's EV Maker XPeng Speeds Ahead with Strong Revenue Growth, Expects Selling More Than 29K Units In Q2

The What: Chinese EV maker XPeng reported fiscal first-quarter sales growth of 62.3% year-on-year, to 6.55 billion Chinese Yuan ($0.91 billion), beating the analyst consensus estimate of 6.17 billion Chinese Yuan ($0.87 billion). Total revenues declined 49.8% sequentially.

The Numbers: Adjusted net loss per ADS of $0.21 beat the analyst consensus loss estimate of $0.27. The stock price gained after the print.

Rising Competition: The Tesla rival’s quarterly vehicle deliveries increased 19.7% year-on-year to 21,821. XPeng’s physical sales network had 574 stores, covering 178 cities as of March 31, 2024.

Outlook: XPeng expects second-quarter vehicle deliveries of 29,000 – 32,000, up 25.0% – 37.9% year-on-year. The company expects second-quarter revenue of 7.5 billion Yuan – 8.3 billion Yuan, representing a year-on-year increase of 48.1% – 63.9%, vs. the consensus of 9.83 billion Yuan.

PRESENTED BY IZEA

IZEA Reports Q1 Bookings Growth Of 53% As Influencer Marketing Projected To Surge

The influencer marketing industry is booming, with projections estimating a staggering growth from $16.5 billion in 2022 to $199.6 billion by 2032. This exponential rise is fueled by the shift towards authentic engagement, where traditional advertising struggles to resonate with today's skeptical consumers spending more time online.

Leading the charge is IZEA Worldwide Inc., a key player in the industry. With their Managed Services bookings growing 53% year-over-year in the first quarter of 2024, totaling $9.3 million, IZEA demonstrates its prowess in capitalizing on the influencer marketing surge. CEO Ted Murphy emphasizes the organic nature of this growth, highlighting a strong sales pipeline and a record-setting quarter.

Click here to learn more.