Happy Thursday Zingernation! When I try to save money, it looks something like this: eating out less, making coffee at home, and skipping the movie theater. Despite the efforts, it feels like at most I end up saving an extra $20.

Amazon, on the other hand? It’s set to save over $1.3 billion by cutting back on unused office space, letting its leases expire naturally. You’re telling me all I have to do to save money is get rid of my apartment? Sounds easy enough. Does anyone have a couch I could crash on?

Also, want to add more AI plays to your portfolio? Check out market expert Marc Chaikin’s best AI plays here.  

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: Stocks were energized and ready to go after taking a breather at the beginning of the week. All major indices rallied late in the session and closed right around all-time highs. The Dow closed up more than 1.2%, its best day in 2024.

On Our Radar: Walgreens reports earnings before the open, and we’ll see some GDP and PCE data. Let’s see if we can keep the positive momentum going!

TOP STORY

Hedge Fund Manager Buys Tesla Stock After 'ChatGPT Moment'

In Short: Altimeter Capital founder and CEO Brad Gerstner decided to buy Tesla stock after having a “ChatGPT moment” with the EV company’s latest full self-driving release.

Some Context: Tesla shares have faced significant selling pressure in recent months as the broader EV industry grapples with weakening demand. Slowing demand trends spurred a pricing war with competitors, which negatively impacted margins. Tesla stock is down about 27.5% since the start of the year.

Buying Low: Wednesday on CNBC’s “Fast Money Halftime Report,” Gerstner emphasized that when everyone else is negative about a stock, he gets excited. “Particularly when run by a founder who’s as extraordinary a product leader as Elon Musk,” Gerstner said.

A ChatGPT Moment: The biggest thing that Gerstner believes people are overlooking is Tesla’s version 12 launch of its Full Self-Driving Beta system, which he referred to as a “ChatGPT moment” for the EV maker.

Learn More: Check out the full breakdown here.  

PRESENTED BY CHAIKIN ANALYTICS

Wall Street Stockpicker: Buy this AI stock NOW

Don't miss out on unprecedented gains with Wall Street veteran Marc Chaikin's revolutionary system for detecting 10X stocks. 

With nearly 50 years of experience, Chaikin's system pinpointed stocks like Novavax (NVAX), BioNTech (BNTX), Blink Charging (BLNK), and RIOT Blockchain (RIOT), generating gains of up to 10,090%. 

Now, Chaikin has set his sights on the AI industry, revealing his top pick for 2024 in an exclusive interview. This "under-the-radar" stock, partnered with a major AI player is poised for explosive growth. 

Get the name and ticker symbol for free and seize this opportunity now. Click here to access Chaikin's full prediction.

FIVE ZINGERS

Chips And Dips: Jim Cramer said that we’ll soon have an opportunity to buy NVIDIA on sale as chip stocks could see a pullback.

Let It $SNOW: Snowflake had a big afternoon yesterday and traded over 4% higher after the close. Here’s why.

When It Rains It Pours: KuCoin is facing a lawsuit for allegedly laundering $5 billion. Now investors are rapidly pulling funds out of the platform.

On Cloud 9: Well, a cloud couch at least. RH reported earnings after the close yesterday and the stock soared on strong demand for its products.

Full Steam Ahead: One crypto analyst is calling for the rally to continue in Bitcoin ahead of the halving. Here’s what’s going on.

ONE FOR THE ROAD

US Companies In Japan Wary Of Market Intervention

In Short: Japan is closely monitoring foreign exchange markets in the coming days. There’s talk of market intervention by the Bank of Japan to prop up the ailing yen. However, fluctuations in foreign exchange make it harder for U.S. companies to forecast returns to investors from overseas operations.

Zooming In: Top exporters with significant Japanese interests include Exxon Mobil and Chevron. The weak yen fell to a 34-year low against the dollar on Wednesday. It’s been a boon for Japanese exporters, but it makes the country’s imports more expensive. Japan boasts a stable economy with almost non-existent inflation levels, making it an attractive investment location for many U.S. companies.

Making Moves: Earlier this month the BoJ raised its key interest rate for the first time in 17 years. Edging the rate from -0.1% to a range between 0% to 0.1%, it barely caused a stir in the markets. Notification a few weeks earlier that the BoJ was to take a more hawkish stance at its upcoming meeting had a more significant impact.

What Next: Read the full breakdown here.  

PRESENTED BY CHAIKIN ANALYTICS

Wall Street Stockpicker: Buy this AI stock NOW

Don't miss out on unprecedented gains with Wall Street veteran Marc Chaikin's revolutionary system for detecting 10X stocks. 

With nearly 50 years of experience, Chaikin's system pinpointed stocks like Novavax (NVAX), BioNTech (BNTX), Blink Charging (BLNK), and RIOT Blockchain (RIOT), generating gains of up to 10,090%. 

Now, Chaikin has set his sights on the AI industry, revealing his top pick for 2024 in an exclusive interview. This "under-the-radar" stock, partnered with a major AI player is poised for explosive growth. 

Get the name and ticker symbol for free and seize this opportunity now. Click here to access Chaikin's full prediction.