The Weekly Bull Report – August 2nd, 2020 🗞

Welcome to the 114th edition of The Weekly Bull Report.

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

Internet-bull-report-weekly-newsletter-ibr


🤔 Interesting Articles & News:

POLITICS

ECONOMICS

CULTURE

SOCIETY

TECHNOLOGY

MEDICINE & SCIENCE

CANNABIS & MUSHROOMS

SPORTS


💲 Noteworthy Stocks & Assets:

  • Here’s why all of the S&P 500’s gains since April came after the market closed: JP Morgan.
  • Wall Street’s crypto cold war.
  • Apple: Blowout quarter, still overvalued.
  • What happened before Kodak’s moment.
  • Facedrive: A $1.4b ESG Stock Promotion with a hollow core business, flailing business pivots and multi-million dollar payments to an opaque BVI entity; 95% Downside.
  • Spot gold traded as high as $1,943.93 per ounce, eclipsing the previous record of $1920.30 set in September 2011 (it has increased 27% since the start of 2020). Looking to gold funds, the popular SPDR Gold Trust ETF (NYSEARCA:GLD) continued its advance after climbing 5% last week.

Weekly Market Movement Wrap

U.S. Indices
Dow -0.2% to 26,428. S&P 500 +1.7% to 3,271. Nasdaq +3.7% to 10,745. Russell 2000 +0.5% to 1,475. CBOE Volatility Index -5.3% to 24.46.

S&P 500 Sectors
Consumer Staples +0.9%. Utilities +0.9%. Financials -0.9%. Telecom +1.7%. Healthcare +0.3%. Industrials -0.2%. Information Technology +5.%. Materials -1.8%. Energy -4.2%. Consumer Discretionary +2.1%.

World Indices
London -3.7% to 5,898. France -3.5% to 4,784. Germany -4.1% to 12,313. Japan -4.6% to 21,710. China +3.5% to 3,310. Hong Kong -0.5% to 24,595. India -1.4% to 37,607.

Commodities and Bonds
Crude Oil WTI -2.1% to $40.44/bbl. Gold +3.9% to $1,971.2/oz. Natural Gas +0.5% to 1.817. Ten-Year Treasury Yield +0.4% to 140.15.

Forex and Cryptos
EUR/USD +1.06%. USD/JPY -0.29%. GBP/USD +2.31%. Bitcoin +17.1%. Litecoin +20.4%. Ethereum +14.1%. Ripple +20.9%.

Top Stock Gainers
Eastman Kodak (KODK) +940%. Precipio (NASDAQ:PRPO) +134%. Pacific Ethanol (NASDAQ:PEIX) +122%. Sohu.com (NASDAQ:SOHU) +107%. Marathon Patent Group (NASDAQ:MARA) +95%.

Top Stock Losers
WiMi Hologram Cloud (NASDAQ:WIMI) -40%. Genocea Biosciences (NASDAQ:GNCA) -36%. Global Eagle Entertainment (NASDAQ:ENT) -34%. Capital Product Partners (NASDAQ:CPLP) -31%. Alector (NASDAQ:ALEC) -29%.


🎯 Stocks On Our Radar:


🏆 Quotes That Inspire Us:

  • “If you want to go fast, go alone. If you want to go far, go together.” African Proverb

📖 Word Of The Week:

  • Cornucopia n. A large amount of something; a great supply, an abundance: “A cornucopia of employment opportunities.”

 Did You Know: 


📽 A Must Watch & Listen:


📚 Books We Are Reading:


🤣 One Liners:

A man and woman were having sex. After they were done, the man asks the woman, “Are you a nurse?” The woman answers, “Yes. How did you know?” The man replies, “Because you took care of me so well.” Then the woman asks the man, “Are you an anesthesiologist?” He says proudly, “Yes. How do you know?” The woman answers, “Because I didn’t feel a thing.”


📆 Upcoming Events:

The Master Investor Show 2020

  • Saturday, 5 December 2020, 09:15 – 17:30 GMT
  • Business Design Centre, 52 Upper Street, London N1 0QH, United Kingdom


Our very best wishes for a brilliant upcoming week! 💪

Respectfully yours,

The IBR Team

Please send any news, comments or stock ideas to: jeff@internetbullreport.com and follow IBR on Twitter @IBullReport Resultado de imagen de twitter logo

Luka Marjanovic

Partner

Luka holds a Bachelor’s in International Business and a Master’s in International Management. During his undergraduate studies he worked as a research assistant in the field of Big Data; founded his own consulting firm providing services to local SME's in various sectors and invested in the capital markets; as well as working pro-bono providing education and career counselling. Prior to his business education, he studied Biology-and-Biotechnology, and served in the Danish Royal Army as Second Sergeant, leading and managing a group under extreme conditions and pressure. Luka has spent significant time abroad, living and working in seven different countries. When he's not in the office, he's chasing the next gusts windsurfing, carving the mountain snowboarding or out in the forest for a jog.

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