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…
🤔 Interesting Articles & News:
- Gov. Gavin Newsom’s recall moves forward after petition reaches 1.6 million verified signatures.
- Joe Biden bans travel from India to the U.S. to curb Covid-19 infections – making him xenophobic too?
- The Democratic Republic of the Congo, has declared a “state of siege” over the escalating violence fulled by armed militia retaliation attacks – displacing 1.6M people.
- Somalia passed indirect elections agreement – increasing safety and allowing voters to elect a body that will elect ministers and the president. 🗳
- Taiwan is the most dangerous place on Earth – according to The Economist.
- China overtakes Japan as the biggest holder of US debt. 💰
- U.S. real estate agents overwhelmed by soaring demand from homebuyers – making offers, sight unseen – in a quest for more space. 📈
- China remains unrivaled in their Belt and Road Initiative – despite U.S. attempts, struggling to pull it off. 🏗
- Indonesia’s underfunded Navy loses 53 crew members aboard a sunken submarine – exposing the country’s severely drained balance sheet from fighting COVID.
- Turkey wages war on cryptocurrencies, and investors lose a fortune.
- The golden age of fraud is upon us.
- Our most effective weapon is imagination. Why science changes everything. 💭
- Beautiful crowd-free places to visit this summer. ☀️
- Rosicrucians, an old hidden society, making their way to the public through social media.
- Sotheby’s, a behemoth within art, has become the latest name to dive into NFTs – if the critics still don’t get it, they never will. 🖼
- Rigging allegations of ‘behind the scenes’ Grammy Awards nominations have brought change to ensure transparency. 🏆
- Authenticity is a sham. From monks to existentialists and hipsters, the search for a true self has been a centuries-long project.
- The world’s biggest AI chip now comes in stock with 2.6 Trillion transistors.
- Vox Media acquires Recode, the amazing tech-based news site.
- Visa is well-positioned to move into the crypto space.
- Amazon’s AI model, AWS DeepRacer, to be made open source.
- SEO made easier – Adobe launching a new tool to tell you whether people would interact with your website or not. 👩💻
- You can now use Doppler Labs’s earbuds, not to listen to music, but to customize how the world sounds to you. 🎧
- Advancing AI with a supercomputer: A blueprint for an optoelectronic ‘Brain’.
- How a computer hacker infiltrated a phone scam operation.
MEDICINE & SCIENCE
- How exercise and the simple act of moving your body can improve mental health. 🤸♀️
- How dare there be effective drugs for obesity? 💊
- Transgender Teens: Is the tide starting to turn?
- Espresso, latte, or decaf? Genetic code drives your desire for coffee. ☕️
- Metformin inhibited C. diff spread in three study models.
- Regular coffee drinking tied to functional brain changes.
- Ban hormones for transgender kids? Point-Counterpoint.
- Juvenescence debuts metabolic aid amid burgeoning keto market. (video here)
- Too much salt can disrupt the energy balance of immune cells.
- Researchers have identified four distinct subtypes of Alzheimer’s disease.
- Intermittent fasting can help to reduce hypertension by reshaping the gut’s microbiome.
- New cell atlas of COVID lungs reveals why SARS-CoV-2 is deadly and different.
- Longevity through Ketosis via a drink.
CANNABIS & PSYCHEDELICS
- ‘Mad honey’: The rare hallucinogen from the mountains of Nepal. 🍯
- Researchers identify a psychedelic-like drug without hallucinogenic side effects.
- The push to legalize psychedelics has ignored Indigenous communities.
- Can a genetic test prevent risk in psychedelic therapy?
- The search for psychedelic-like drugs opens the mind to scientists.
- The African threat to cannabis stocks is already beginning to arrive. (we couldn’t agree more, hence why Wuhan is so well-positioned)
- For the first time, the NFL will not test players for cannabis use during offseason. 🏈
- The Paris-Roubaix, a one-day cycling race, moved from April to October in of fears for significant COVID infections. 🚲
- Biden turns to NASCAR and NAACP for help to convince US citizens to get COVID-19 vaccines. 🏁
- LeBron James’s rookie card sets record for most expensive basketball card ($5.2 million). ⛹️♂️
- Houston Texans quarterback Deshaun Watson faces two more lawsuits for sexual assault and inappropriate conduct.
- Investigations into football star Diego Maradona’s death find serious negligence within his personal medical team. ⚽️
💲 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 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:
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%.
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:
- Biohaven Pharmaceutical (NYSE: BHVN)📈
- AgeX (NYSE: AGE)📈
- Portage Biotech (NASDAQ: PRTG) 📈
- Wuhan General Group (OTC: WUHN) 📈
- Agronomics Ltd (LON: ANIC)📈
- Regent Pacific Group Ltd. (HKG: 0575) 📈
- ThreeD Capital Inc. (IDK.CN) (OTC: IDKFF)📈
🏆 Quotes That Inspire Us:
“Choose a job you love, and you will never have to work a day in your life.”
📖 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:
- The Real Business of Blockchain by David Furlonger & Christophe Uzureau
- The Connector Manager: Why Some Leaders Build Exceptional Talent – and Others Don’t by Jaime Roca and Sari Wilde
- The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary Results by Gary Keller and Jay Papasan
- Change by Design: How Design Thinking Transforms Organizations and Inspires Innovation by Tim Brown
- Payoff: The Hidden Logic That Shapes Our Motivations by Dan Ariely
📽 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! 💪
The IBR Team
All content provided by Internet Bull Report is for informational and educational purposes only and is not meant to represent trade or investment recommendations.