The Weekly Bull Report – May 17, 2020 🗞

Welcome to the 104th edition of The Weekly Bull Report.

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

IBR-Newsletter-Internet-Bull-Report


🤔 Interesting Articles & News:

POLITICS

ECONOMICS

CULTURE

SOCIETY

TECHNOLOGY

MEDICINE & SCIENCE

CANNABIS & MUSHROOMS

SPORTS

We recommend The Palm Group:

The Palm Group are experts in Palm Beach real estate and can help find your dream home in the sun. See more here. 🌴🏡


💲 Noteworthy Stocks & Assets:

  • Uber (NYSE: UBER) bids for Grubhub (NYSE:GRUB) to create a food-delivery giant.
  • Aurora (NYSE:ACB) shares rise nearly 70% on volume more than 30 times greater than average after pot company reports stronger-than-expected revenue growth.
  • Swiss crypto finance startup Bitcoin Suisse raises nearly €20 million.
  • Post-coronavirus, Morgan Stanley, Goldman Sachs could look very different.
  • MyoKardia, Inc. (Nasdaq: MYOK) shares surged to close up 99% to $121.69 on news its Phase 3 pivotal EXPLORER-HCM clinical trial. 📈
  • Cassava Sciences, Inc. (NASDAQ:SAVA) shares slumped by 74% to $2.12 on news from Phase 2b trial of PTI-125, in patients with Alzheimer’s disease. 📉
  • GENFIT (Nasdaq: GNFT) shares also down 74% to $5.10 following news its Phase 3 RESOLVE-IT trial of elafibranor in adults with nonalcoholic steatohepatitis (NASH) did not meet the primary endpoint. 📉

Weekly Market Movement Wrap

U.S. Indices
Dow -2.7% to 23,685. S&P 500 -2.3% to 2,864. Nasdaq -1.2% to 9,015. Russell 2000 -5.7% to 1,254. CBOE Volatility Index +14.% to 31.89.

S&P 500 Sectors
Consumer Staples -2.3%. Utilities -1.3%. Financials -5.%. Telecom -2.4%. Healthcare +0.2%. Industrials -5.6%. Information Technology -1.9%. Materials -4.%. Energy -7.4%. Consumer Discretionary -2.1%.

World Indices
London -2.3% to 5,800. France -6.% to 4,278. Germany -4.% to 10,465. Japan -0.7% to 20,037. China -0.9% to 2,868. Hong Kong -1.8% to 23,797. India -1.7% to 31,098.

Commodities and Bonds
Crude Oil WTI +19.9% to $29.71/bbl. Gold +2.4% to $1,754.6/oz. Natural Gas -9.8% to 1.644. Ten-Year Treasury Yield +0.2% to 139.29.

Forex and Cryptos
EUR/USD -0.22%. USD/JPY +0.47%. GBP/USD -2.42%. Bitcoin -4.4%. Litecoin -10.6%. Ethereum -8.1%. Ripple -9.4%.

Top Stock Gainers
Sorrento Therapeutics (NASDAQ:SRNE) +160%. Novavax (NASDAQ:NVAX) +133%. CymaBay Therapeutics (NASDAQ:CBAY) +128%. SIFCO Industries (NYSEMKT:SIF) +74%. Glory Star New Media Group Holdings (NASDAQ:GSMG) +67%.

Top Stock Losers
Cassava Sciences (NASDAQ:SAVA) -76%. Genfit SA (NASDAQ:GNFT) -73%. Recro Pharma (NASDAQ:REPH) -48%. Axcella Health (NASDAQ:AXLA) -46%. FTS International (NYSE:FTSI) -45%.


🎯 Stocks On Our Radar:


🏆 Quotes That Inspire Us:

What the wise do in the beginning fools do in the end. – Warren Buffett 


📖 Word Of The Week:

Pecuniary adj. – Relating to or consisting of money: he admitted obtaining a pecuniary advantage by deception.”


 Did You Know: 

Canadians say “sorry” so much that a law was passed so that an apology can’t be used as an admission of guilt. Canadians are well-known for being incredibly polite, perhaps even to a fault. That’s why in 2009, the province of Ontario passed the “Apology Act,” which states that saying “sorry”—which can be an expression of sympathy or regret—can’t legally be considered an admission of guilt or fault.


📽 A Must Watch & Listen:


📚 Books We Are Reading:

Negotiation:

  1. Bargaining with the Devil – Robert Mnookin
  2. Good for You, Great for Me – Lawrence Susskind
  3. Crucial Conversations – Al Switzler, Joseph Grenny, and Ron McMillan
  4. Getting More: How You Can Negotiate to Succeed in Work and Life
    – Stuart Diamond
  5. Never Split the Difference – Chris Voss and Tahl Raz

🤣 One Liners:

Evening news is where they begin with ‘Good evening’, and then proceed to tell you why it isn’t.


📆 Upcoming Events:

Tue, May 19, 2020 5:00 PM – 6:00 PM CEST

Free Online Webinar

Investing during periods of uncertainty: How to look after your money

Have an event, conference or announcement you would like to promote? This space could be yours! Reach out: jeff@internetbullreport.com


 

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

 

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Luka Marjanovic

Chief Analyst

Luka holds a Bachelor’s in International Business from Denmark and a Master’s in International Management from ESADE. During his undergraduate studies he founded his own consulting firm, providing services to local businesses in various sectors; as well as working as a research assistant in the field of Big Data. Prior to his education he served in the Danish Royal Army as Second Sergeant, leading and managing a group of men, under extreme pressures and conditions. Luka has spent significant time abroad, living and working in six different countries.

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