Welcome to the 127th edition of The Weekly Bull Report.
In just 1 day, the 2020 US election will take place and no winner will be officially declared. It will be a big mess for many weeks to come unfortunately.
Working on the frontline, our very own Dr. Anna this past week fell victim to COVID-19. She is on the mend and will be back to 150% soon. ๐ค
Here’s a short list of content we found interesting and informative over the past week…
๐ค Interesting Articles & News:
POLITICS
- AOCโS next four years.
- Brexit trade talks to go on in Brussels.
- Moldova heads to runoff Presidential Election as Pro-EU candidate leads.
ECONOMICS
- U.S. GDP booms at 33.1% rate in Q3, better than expected. ๐
- The impact of a Trump or Biden win on Private Investment in Africa.
CULTURE
- Oliver Burkeman’s last column: the eight secrets to a (fairly) fulfilled life.
- Blackpool grime artist Mille B took over TikTok, and then the charts. ๐ถ
- How emotions connect your body and brain. ๐ง
SOCIETY
- Study of 14,000 runners reveals surprising link between elite athletes and beginers. ๐โโ๏ธ
- Flying is safe from Covid, says staudy funded by airline group. โ
- New clues to chemical origins of metabolism at the dawn of life.
TECHNOLOGY
- Area 51 has a huge new hangar facility that points to a drone swarm future.
- NASA telescope uncovers definitive evidence of water on the moon. ๐ญ
MEDICINE & SCIENCE
- Scientists discover new organ in the throat.
- High fat or ‘ketogenic’ diets could prevent, reverse heart failure.
- MeliBio is building honey in the lab, not in the hive. ๐
- High-sugar diet can damage the gut, intensifying risk for colitis.
- Genomic study reveals role for hypothalamus in inflammatory bowel disease.
- Can the bodyโs endocannabinoids fight intestinal infections?
- Single brain region links depression and anxiety, heart disease, and treatment sensitivity.
CANNABIS & PSYCHEDELICS
- Wuhan General Group updates on University of Pretoria research collaboration for Psilocybin Magic Mushroom Clinical Trials.
- Seth Rogen on fighting cannabis stigma and why pot should be as accepted as beer.
- The role of psychedelic plant medicines in addiction treatment.
- Why you didn’t get the cannbis strain you think you did.
- International study finds 79% of individuals who microdose with psychedelics report improvements in their mental health.
- Synthetic cannabinoids linked to increased hospitalizations and deaths in older adults with COPD.
- Pain, inflammation top reasons why low-THC cannabis interests Canadians.
- Scientists identify a powerful anti-inflammatory compound in psychedelic drugs.
SPORTS
- Dodgers win their first World Series title since 1988. โพ๐
- Utah Jazz to be sold to Ryan Smith, ending Millers’ three-decade run as owners. ๐
- Ronaldo scores twice on return from COVID-19 in Juve win. โฝ
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๐ฒย Noteworthy Stocks & Assets:
- JPMorgan sees bitcoin rising up to ten-fold as Millennials flood into the “Alternative” Currency.
- Aurora Cannabis looks to shore up finances with $500 million shelf offering.
- Twitter shares plummet after user growth falls short. ๐
This Past Week in the Markets:ย
U.S. Indices
Dowย -6.5%ย to 26,502. S&P 500ย -5.6%ย to 3,270. Nasdaqย -5.5%ย to 10,912. Russell 2000ย -6.7%ย to 1,531. CBOE Volatility Indexย 38%ย to 38.02.
S&P 500 Sectors
Consumer Staplesย -4.8%. Utilitiesย -3.7%. Financialsย -5.6%. Telecomย -3.9%. Healthcareย -5.7%. Industrialsย -6.5%. Information Technologyย -6.5%. Materialsย -4.3%. Energyย -5.7%. Consumer Discretionaryย -6.2%.
World Indices
Londonย -4.8%ย to 5,577. Franceย -6.4%ย to 4,594. Germanyย -8.6%ย to 11,556. Japanย -2.3%ย to 22,977. Chinaย -1.6%ย to 3,225. Hong Kongย -3.3%ย to 24,107. Indiaย -2.6%ย to 39,614.
Commodities and Bonds
Crude Oil WTIย -10.2%ย to $35.77/bbl. Goldย -1.4%ย to $1,878.7/oz. Natural Gasย 14.1%ย to 3.39. Ten-Year Treasury Yieldย -0.2%ย to 138.13.
Forex and Cryptos
EUR/USDย -1.77%. USD/JPYย -0.02%. GBP/USDย -0.77%. Bitcoinย 2.8%. Litecoinย -8.5%. Ethereumย -7.2%. Rippleย -7.5%.
Top Stock Gainers
Scholar Rock Holdingย (NASDAQ:SRRK)ย 175%. Novus Therapeuticsย (NASDAQ:NVUS)ย 58%. Universal Security Instrumentsย (NYSEMKT:UUU)ย 42%. Tupperware Brandsย (NYSE:TUP)ย 41%. Lianluo Smartย (NASDAQ:LLIT)ย 36%.
Top Stock Losers
Intec Pharmaย (NASDAQ:NTEC)ย -48%. Biondvax Pharmaceuticalsย (NASDAQ:BVXV)ย -42%. Cancer Geneticsย (NASDAQ:CGIX)ย -41%. Bellicum Pharmaceuticalsย (NASDAQ:BLCM)ย -40%. Axovant Gene Therapiesย (NASDAQ:AXGT)ย -39%.
US Foodsย (NYSE:USFD)ย and Mondelez Internationalย (NASDAQ:MDLZ)ย on November 2; Humanaย (NYSE:HUM), Wayfairย (NYSE:W), Ferrari (NYSE:ย RACE), Prudentialย (NYSE:PRU), Syscoย (NYSE:SYY) and Eversource Energy (NYSE:ย ES)ย on November 3; Performance Food Groupย (NYSE:PFGC), Hilton Worldwideย (NYSE:HLT)ย and MetLifeย (NYSE:MET)ย on November 4; Alibabaย (NYSE:BABA), Booking Holdingsย (NASDAQ:BKNG), General Motorsย (NYSE:GM), Uberย (NYSE:UBER), Bristol- Myers Squibbย (NYSE:BMY), Virgin Galacticย (NYSE:SPCE), Peloton Interactiveย (NASDAQ:PTON)ย and AstraZenecaย (NASDAQ:AZN)ย on November 5 and CVS Healthย (NYSE:CVS), Hersheyย (NYSE:HSY)ย and ViacomCBSย (NASDAQ:VIAC)ย on November 6.
New Oriental Educationย (NYSE:EDU)ย launches its Hong Kong IPO on November 3. IPO lockup periods expire on GANย (NASDAQ:GAN)ย on November 1, as well as Ayala Pharmaceuticalsย (NASDAQ:AYLA)ย and China Liberal Educationย (NASDAQ:CLEU)ย on November 4.
๐ Our Must-Have Of The week:
- Habitat: Manufacturer of design since 1964, Habitat offers more than 1000 references of furniture and sofas for a contemporary interior.
๐ฏ Stocks On Our Radar:
- Biohaven Pharmaceutical (NYSE: BHVN) ๐
- AgeX (NYSE:AGE) (time to reload?)
- Portage Biotech (OTC: PTGEF)
- Wuhan General Group (OTC: WUHN). Important news here this past week.
-
Agronomics Ltd (LON: ANIC) (10 Million GBP raise)
๐ Quotes That Inspire Us:
Everything has its beauty, but not everyone sees it. โ Confucius
๐ย Word Of The Week:
Contentiousย adj.ย Causing or likely to cause an argument; controversial. Involving a heated argument. โThe terms of the agreement remain contentious between the parties.โ
โย Did You Know:ย
๐ฝ A Must Watch & Listen:
- Dr. Peter Attia interviews: James OโKeefe, M.D.: Preventing cardiovascular disease and the risk of too much exercise. (An incredible podcast filled with so much valuable information for you and your health)
๐ Books We Are Reading:
- Americanahย by Chimamanda Ngozi Adichie
- Eleanor Oliphant Is Completely Fineย by Gail Honeyman
- Leave the World Behindย by Rumaan Alam
- The Cold Millionsย by Jess Walter
- Can’t Even: How Millennials Became The Burnout Generationย by Anne Helen Petersen
๐คฃ One-Liners:ย
- I started with nothing, and I still have most of it.
๐ Upcoming Events:
- December 4th and 5th 2020
- Online event
Our very best wishes for a brilliant upcoming week! ๐ช
Respectfully yours,
The IBR Team
Please send any news, comments, or stock ideas to jeff@internetbullreport.comย and follow IBR on Twitter @IBullReportย