The Weekly Bull Report – April 17, 2023 πŸ—ž

Welcome to the 238th edition of The Weekly Bull Report.πŸ€—

Consistency in life is so important, and lately, we have been failing at IBR.

We promise to get back on track and have our weekly IBR in your mailbox early Monday mornings EST.

Here’s a shortlist of the content we found interesting and informative over the past week…

Internet-bull-report-weekly-newsletter-ibr-internet-bull-report


πŸ€” Interesting Articles & News:

POLITICS

ECONOMICS

CULTURE & SOCIETY

TECHNOLOGY

MEDICINE & SCIENCE

NUTRITION & MICROBIOME

CANNABIS & PSYCHEDELICS

SPORTS


Noteworthy Stocks & Assets:

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Earnings spotlight:

Monday, April 17 – The Charles Schwab Corporation (NYSE: SCHW), State Street Corporation (STT), M&T Bank Corporation (MTB), and Pinnacle Financial Partners (PNFP) are expected to kick off a week packed with financial reports.

Tuesday, April 18 – Netflix (NFLX), Bank of America (BAC), Goldman Sachs (GS), Western Alliance Bancorp (WAL), Silvergate Capital (SI), and Bank of New York Mellon (BK) are all due to report. Elsewhere, Lockheed Martin (LMT) and Johnson & Johnson (JNJ) are expected to provide quarterly updates.

Wednesday, April 19 – Tesla (TSLA) will post its Q1 results, and financial earnings continue as Morgan Stanley (MS), U.S. Bancorp (USB), Discover Financial (DFS), Synchrony Financial (SYF), Zions Bancorporation (ZION), Ally Financial (ALLY), and Citizens Financial Group (CFG) prepare reports. Meanwhile, American Airlines (NASDAQ: AAL) is also due to provide a quarterly earnings update, one week after providing preliminary results.

Thursday, April 20 – AT&T (NYSE: T) will headline another busy day of reports that includes rail operators Union Pacific (NYSE: UNP) and CSX Corporation (NASDAQ: CSX) as the first to report since high-profile derailments in February. Philip Morris (NYSE: PM), Taiwan Semiconductor Manufacturing (TSM), American Express (AXP), Stellantis (STLA), Nucor (NUE), and AutoNation (AN), and yet more financial reports from regional banks round out the day’s major reports.

Friday, April 21 – Procter & Gamble (PG) leads a host of reports, including SAP SE (SAP), Schlumberger (SLB), Autoliv (ALV), Regions Financial (RF), and Biogen (BIIB) are among expected earnings reports.

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IPOs expected to start trading this week:

Quiet this week…

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What Moved the Markets:

U.S. Indices
DowΒ -0.3%Β to 33,886. S&P 500Β +0.8%Β to 4,138. NasdaqΒ +0.3%Β to 12,123. Russell 2000Β +1.5%Β to 1,781. CBOE Volatility IndexΒ -7.2%Β to 17.07.

S&P 500 Sectors
Consumer StaplesΒ -0.3%. UtilitiesΒ -1.3%. FinancialsΒ +2.9%. TelecomΒ +0.6%. HealthcareΒ +0.7%. IndustrialsΒ +2.1%. Information TechnologyΒ -0.4%. MaterialsΒ +1.6%. EnergyΒ +2.5%. Consumer DiscretionaryΒ +1.3%. Real EstateΒ -1.5%.

World Indices
LondonΒ +1.7%Β to 7,872. FranceΒ +2.7%Β to 7,520. GermanyΒ +1.3%Β to 15,808. JapanΒ +3.5%Β to 28,493. ChinaΒ +0.3%Β to 3,338. Hong KongΒ +0.5%Β to 20,439. IndiaΒ +1%Β to 60,431.

Commodities and Bonds
Crude Oil WTIΒ +2.5%Β to $82.68/bbl. GoldΒ +0.3%Β to $2,017.7/oz. Natural GasΒ +4.7%Β to 2.106. Ten-Year Bond Yield -0.2 bps to 3.515.

Forex and Cryptos
EUR/USDΒ +0.9%. USD/JPYΒ +1.26%. GBP/USDΒ +0.02%. BitcoinΒ +8.9%. LitecoinΒ +6.5%. EthereumΒ +13%. XRPΒ +3.3%.

Top S&P 500 Gainers
Bio-Techne (TECH)Β +13%. Pioneer Natural Resources (PXD)Β +10%. Enphase Energy (ENPH)Β +9%. JPMorgan Chase (JPM)Β +9%. Citigroup (C)Β +8%.

Top S&P 500 Losers
Catalent (CTLT)Β -29%. DISH Network (DISH)Β -11%. Warner Bros. Discovery (WBD)Β -9%. American Airlines (AAL)Β -9%. The Progressive (PGR)Β -8%.

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🎯 Stocks On Our Radar:

  1. AgeX (NYSE: AGE)  – $2 target πŸ“ˆΒ 
  2. Portage BiotechΒ (NASDAQ: PRTG) – $10 targetπŸ“ˆ
  3. Tesla Inc.Β (NASDAQ: TSLA) $300 targetπŸ“ˆ
  4. Palantir Technologies Inc.Β (PLTR: NYSE)Β Big (beta) upside. $15 target πŸ“ˆ
  5. M2Bio Sciences (OTC: MRES) $0.10 target (disclosure, Jeff Robinson is the CEO)πŸ“ˆΒ Β 
  6. Innovative Holdings Alliance (OTC: IHAI) (entered into a deal with MRES)πŸ“ˆ

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πŸ† Quotes That Inspire Us:

β€œIt’s all about falling in love with yourself and sharing that love with someone who appreciates you, rather than looking for love to compensate for a self-love deficit.”―Eartha Kitt

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πŸ“– Word Of The Week:

Cajole – to deceive by flattery.
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❔ Did You Know:

Did you know the filling in Kit Kats is made from damaged Kit Kats?
The folks at the Kit Kat factory sure know how to recycle! Whenever a Kit Kat bar is somehow made imperfect during production like air bubbles or some other issue, the chocolate bar isn’t thrown out. Instead, they are ground up into a fine paste and turned into a filling that’s then incorporated back into the production process to create new Kit Kat bars! 🍫

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πŸ“š Books We Are Reading:

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🀣 One-Liners: 

What is the difference between a casino and the stock market? The casino comps you after taking all your money.

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πŸ“½ A Must Watch & Listen:

  • Dopamine addiction is a myth.
  • Einstein’s most famous quote is totally misunderstood. Listen here.

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πŸ“† Upcoming Events:

Psychedelics in the Global South

Come join this panel discussion that will be held virtually, as an online webinar. Dr. Sanah,Β  University of South Africa (UNISA), will be one of the panel speakers.

The IBR Team

Please send any news, comments, or stock ideas to jeff@internetbullreport.comΒ and follow IBR on Twitter @IBullReport

All content provided by Internet Bull Report is for informational and educational purposes only and is not meant to represent trade or investment recommendations.

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