The Weekly Bull Report – May 03, 2021 🗞

Welcome to the 148th edition of The Weekly Bull Report.

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

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🤔 Interesting Articles & News:

POLITICS

ECONOMICS

CULTURE

SOCIETY

TECHNOLOGY

MEDICINE & SCIENCE

CANNABIS & PSYCHEDELICS

SPORTS




💲 Noteworthy Stocks & Assets:

  • Tesla posts record net income of $438 million, revenue surges by 74%.
  • ‘Disaster Girl’ makes $500K selling NFT of world famous meme.

    About a third of S&P 500 companies updated investors with their Q1 results this past week, led by mega-cap tech names, or the FAAAM (or FAAMG) stocks:

    Alphabet – Net profits at Google’s parent company surged by a whopping 162% last quarter, while revenue soared 34% to a record $55.3B. Pandemic factors helped drive up earnings like coronavirus lockdowns, online shopping, and YouTube watching. That led to lots of clicking on ads purchased by retailers, which have increasingly turned to digital commerce as people stopped coming through the door during COVID-19. Alphabet’s (GOOG, GOOGL) stock rose 4.2% to $2,400 after the results, while the tech giant’s board authorized the repurchase of up to $50B of stock.

    Microsoft – The company reported fiscal Q3 revenue of $41.71B, up 19% on the year, as well as the company’s largest quarterly revenue growth since 2018. “Over a year into the pandemic, digital adoption curves aren’t slowing down. They’re accelerating, and it’s just the beginning,” said CEO Satya Nadella. Microsoft (MSFT) also posted strong growth in gaming and the cloud and guided to the upside for FQ4 revenues, but the stock didn’t put up the big gains seen at Alphabet. MSFT shares slipped 2.6% AH to $255, as Azure growth came in line with analyst estimates on a constant currency basis.

    Apple – The stock climbed 2.5% to $137 after fiscal second-quarter earnings easily topped expectations on the top and bottom lines as well as across business units. EPS of $1.40 beats estimates by $0.42, while revenues jumped nearly 54% to $89.6B, well ahead of consensus for $77.3B. The company declared a dividend hike of 7% (to $0.22/share) and an increase of $90B to an existing share repurchase program (two sources of return closely watched by shareholders). Apple (AAPL) also reported double-digit growth in every single one of its product categories, while its most important product line, the iPhone, was up 65.5% from last year.

    Facebook – The social network joined the rally, soaring 6% following a Q1 report where it blew ahead of financial metrics and delivered user growth in line with expectations. Total revenue rose 48% to $26.2B, while net income skyrocketed 94% to $9.5B. “We had a strong quarter as we helped people stay connected and businesses grow,” announced CEO Mark Zuckerberg. “We will continue to invest aggressively to deliver new and meaningful experiences for years to come, including in newer areas like augmented and virtual reality, commerce, and the creator economy.” Of particular note was Facebook’s (FB) ad business, where sales were driven by a 30% increase in average price per ad along with a 12% gain in the number of ads delivered.

    Amazon – Bolstered by sustained demand, the company’s first-quarter earnings blew through expectations, but a rumored stock split was not announced. Shares gained 2.4% to reach the $3,550 level as Q1 profits more than tripled to $8.1B, while revenues topped $100B for the second straight quarter. A bullish forecast was also issued for Q2, with Amazon (AMZN) predicting sales of between $110B and $116B (24%-30% growth), exceeding analysts’ expectations. Almost half of Amazon’s operating income came from AWS – the company’s cloud services division – which got a boost from recent work-from-home trends, while Prime Video’s streaming hours were up over 70% on the year.

    Tesla – There was also a lot to unpack following Tesla’s (TSLA) Q1 results, though it was an all-around record quarter for the EV maker. The company reported a record net income of $438M, as well as earnings of $0.93 per share (vs. $0.77 consensus) on $10.39B in revenue (vs. $10.29B consensus). The numbers were buoyed by sales of Bitcoin (BTC-USD) and regulatory credits, as well as rising margins and decreasing costs, but the stock fell as much as 3% AH as investors digested some forecasts.

Earnings:

Earnings reports are set for DISH Network (NASDAQ:DISH) and XPO Logistics (NYSE:XPO) on May 3; CVS Health (NYSE:CVS), Pfizer (NYSE:PFE), Sysco (NYSE:SYY), DuPont (NYSE:DD), T-Mobile US (NASDAQ:TMUS), Caesars Entertainment (NASDAQ:CZR), Zillow (NASDAQ:ZG), Under Armour (NYSE:UAA) and Activision Blizzard (NASDAQ:ATVI) on May 4; General Motors (NYSE:GM), MetLife (NYSE:MET), Zynga (NASDAQ:ZNGA), Allstate (NYSE:ALL), Uber (NYSE:UBER) and Rocket Companies (NYSE:RKT) on May 5; Cardinal Health (NYSE:CAH), Anheuser-Busch InBev (NYSE:BUD), ViacomCBS (NASDAQ:VIAC), McKesson (NYSE:MCK) and Square (NYSE:SQ) on May 6; CIGNA (NYSE:CI) and Enbridge (NYSE:ENB) on May 7.

IPOs expected to start trading this week:

IPOs expected to start trading next week include Honest Company (HNST) and Five Star Bancorp (FSBC). Analyst quiet periods expire on UTime (NASDAQ:UTME) on May 3, as well as VectivBio (NASDAQ:VECT) and Reneo Pharma (NASDAQ:RPHM) on May 4. The IPO lockup period expires on Gatos Silver (NYSE: GATO) on May 3.

What Moved The Markets Last Week:

U.S. Indices
Dow -0.5% to 33,875. S&P 500 +0.1% to 4,181. Nasdaq -0.4% to 13,963. Russell 2000 -0.3% to 2,265. CBOE Volatility Index +7.4% to 18.61.

S&P 500 Sectors
Consumer Staples -0.1%. Utilities -0.6%. Financials +3.4%. Telecom +3.8%. Healthcare -1.6%. Industrials +1.%. Information Technology -0.7%. Materials +1.1%. Energy +6.5%. Consumer Discretionary +0.6%.

World Indices
London +0.5% to 6,970. France +0.2% to 6,269. Germany -0.9% to 15,136. Japan -0.7% to 28,813. China -0.8% to 3,447. Hong Kong -1.4% to 28,675. India +1.9% to 48,782.

Commodities and Bonds
Crude Oil WTI +2.2% to $63.48/bbl. Gold -0.5% to $1,768.6/oz. Natural Gas +7.6% to 2.938. Ten-Year Treasury Yield -0.3% to 132.1.

Forex and Cryptos
EUR/USD -0.65%. USD/JPY +1.27%. GBP/USD -0.41%. Bitcoin +15.8%. Litecoin +21.5%. Ethereum +27.8%. Ripple +51.4%.

Top Stock Gainers
Brooklyn ImmunoTherapeutics (NYSEMKT:BTX) +208%. Vaxart (NASDAQ:VXRT) +94%. Regional Health Properties (NYSEMKT:RHE) +79%. Image Sensing Systems (NASDAQ:ISNS) +52%. Ashford Hospitality Trust (NYSE:AHT) +46%.

Top Stock Losers
Adverum Biotechnologies (NASDAQ:ADVM) -59%. Protagenic Therapeutics (NASDAQ:PTIX) -54%. Cara Therapeutics (NASDAQ:CARA) -51%. Protalix BioTherapeutics (NYSEMKT:PLX) -46%. Tiptree (NASDAQ:TIPT) -33%.


🎯 Stocks On Our Radar:


🏆 Quotes That Inspire Us:

“Choose a job you love, and you will never have to work a day in your life.”

– Confucius


📖 Word Of The Week:

Nebulous adj. 1. Lacking definition or definite content. 2. Lacking definite form or limits; vague. “The test results were nebulous and determined to be unusable.”


Did You Know:

Space junk is any human-made object orbiting Earth that no longer serves a useful purpose. Scientists estimate there are about 500,000 pieces of space junk today, including fragments from rockets and satellites, and everyday items like spanners dropped during construction of the International Space Station. ☄️🛰


📚 Books We Are Reading:

  1. The Real Business of Blockchain by David Furlonger & Christophe Uzureau
  2. The Connector Manager: Why Some Leaders Build Exceptional Talent – and Others Don’t by Jaime Roca and Sari Wilde
  3. The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results by Gary Keller and Jay Papasan
  4. Change by Design: How Design Thinking Transforms Organizations and Inspires Innovation by Tim Brown
  5. Payoff: The Hidden Logic That Shapes Our Motivations by Dan Ariely

🤣 One-Liners:

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📽 A Must Watch & Listen:

Gold financier Frank Giustra versus MicroStrategy CEO Michael Saylor in the ultimate Gold vs Bitcoin Battle. Watch it here.


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

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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Contrarian's Mind

Born in Toronto Lived in Nassau,Bahamas - Palm Beach,Florida - Las Vegas,Nevada and now residing in beautiful Barcelona,Spain. I back bright entrepreneurs with big ideas related to Artificial Intelligence, Machine Learning, realtime platforms and price discovery. Make everyday remarkable!