Welcome to the 242nd edition of The Weekly Bull Report.🤗
Real heroes never die. They always live in our hearts to inspire us, motivate us, and guide us in our lives. Sending all of you warm wishes on Memorial Day in remembrance of the true heroes lost.💜
🤔 Interesting Articles & News:
POLITICS
- Biden faces broad negative ratings at start of campaign. 📉
- As China, Russia, and Trump challenge the old rules of global politics, G7 aims to shore them up.
- How the U.S. and South Africa ended up in a dispute over Russian gunrunning allegations. 🔫
- Biden touts bipartisan debt ceiling agreement but says neither side got everything it wanted.
ECONOMICS
- The Euro could hit $1.25 by 2025.📈
- Buffett turns gloomy: The “Incredible Period” for the US economy is coming to an end.📉
- Charting the number of failed crypto coins, by year (2013-2022).
CULTURE
- Understanding Catalonia’s madness for Bruce Springsteen.🎸
- Map explainer: Sudan.🗺️
SOCIETY
- New England Journal of Medicine is slammed for suggesting students should be broken into groups segregated by race for medical education.
- Elon Musk opens up about childhood in South Africa.
- The world’s busiest airports, by passenger count.🛫
TECHNOLOGY
- New research explains how finer grinds may lead to weaker espresso. (the study can be found here) ☕
- Twitter taps NBC ad chief to take over as CEO from Elon Musk.
- State of AI adoption for enterprise IT management in the Middle East. 🤖
- MRI scans and AI technology really could read what we’re thinking. The implications are terrifying.
- Proving AI in the clinic: An algorithm that accurately evaluates heart failure.
- Machines of mind: The case for an AI-powered productivity boom. 📈
MEDICINE & SCIENCE
- New AACE Type 2 Diabetes algorithm individualizes care.
- Cracking an intriguing secret of centenarians: Why so few are ravaged by Alzheimer’s disease. 🧠
- The growing use of ADHD label risks ‘Medicalising Human Experience’.
- FDA approves first drug for treating agitation in Alzheimer’s patients.
- Coffee may be good for your eyesight.👀 (the study can be found here) ☕
- Know the difference between hemorrhoids and colorectal cancer and when to seek help.
- Researchers discovered a promising new avenue for treating glioblastoma, a deadly brain cancer.
- Glutamate imbalance impairs hippocampus, leading to psychosis.🧠
- Exercise and the Brain: The neuroscience of fitness explored.💪
- Human brain organoids reveal how microglia develop and function.
- COVID-19 Vaccine effectiveness drops to near zero within months.💉
- World-First clinical trial using Cannabis-based drug to treat deadly brain tumors recruits first patients.
- “The cholesterol paradox”: a catchy phrase for an idea with no substance.
- Canine brain Atlas sheds light on evolution of human brain function.
- Artificial intelligence model to help scientists predict whether breast cancer will spread.
- Music can be an alternative to opioid-based medication for chronic pain.🎶
NUTRITION & MICROBIOME
- FDA approves first pill containing human feces.💩
- ‘Sugar-Free’ does not mean healthy.
- GM tomatoes are coming back, but this time they’re purple, and packed with new health benefits.
- Discovery: Olive oil helps cure gastric diseases.
- Diet and Dementia: Study uncovers gut-brain link to Alzheimer’s.
- Obesity epidemic linked to unexpected factor. 🍔
- Probiotics raise concerns in vulnerable populations. (the study can be found here)
- M2Bio Sciences division M2Biome Cardiometabolic Health launches website.
- The neurons that make us feel hangry.
- Vitamin D’s crucial role in dopamine function and schizophrenia.☀️
CANNABIS & PSYCHEDELICS
- Thailand’s cannabis sellers say US growers are eating their lunch. 🍕
- To ease the start of addiction treatment, doctors find a surprise aid: ketamine.
- Scientists found new psychoactive drugs in wastewater.💧
- Psychedelic users’ trust puzzle: Untangling information sources.
- CBD found to be effective in extending the shelf life of fresh fruit. (the study can be found here)
- Heavy Marijuana use might raise the risk of bipolar disorder, depression.🥲
- DMT users are using AI to draw the strange beings they meet while tripping.
SPORTS
- Max Verstappen cruises to victory at Monaco Grand Prix, avoiding rain-induced chaos.🏎️
- Premier League: Sky Sports football writers assess and deliver verdict on each team’s season.⚽
- LeBron James and Patrick Beverley react to NBA investigation of referee Eric Lewis over alleged burner account.🏀
Noteworthy Stocks & Assets:
- Family Offices are deploying capital, just not to crypto anymore.
- Elon Musk’s choice for Twitter CEO is NBC advertising exec and World Economic Forum Chair Linda Yaccarino.
- Binance to stop serving the Canadian market blames new stablecoin guidance.
- Why climate asset tokenisation may be the way forward.
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Earnings spotlight:
Tuesday, May 30 – HP (HPQ), Hewlett Packard Enterprise (HPE), Ambarella (AMBA), and Box (BOX).
Wednesday, May 31 – Salesforce (CRM), CrowdStrike (CRWD), Chewy (CHWY), and NetApp (NTAP).
Thursday, June 1 – Broadcom (AVGO), Dollar General (DG), Lululemon Athletica (LULU), Dell Technologies (DELL), Macy’s (M), and Zscaler (ZS).
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IPOs expected to start trading this week:
The quiet periods expire on Kenvue (NYSE: KVUE) and Acelyrin (SLRN) will end to open analysts up to post ratings on the stocks. On the spinoff front, Knife River Corporation (KNF) will start trading after being spun off from MDU Resources (NYSE: MDU). The spinoff of the construction materials and contracting business will occur by means of a pro rata distribution of approximately 90% of the outstanding shares of Knife River common stock to MDU Resources stockholders of record as of the close of business on May 22. Knife River will be added to the S&P MidCap 400 prior to the opening of trading on June 1. MDU Resources Group will remain in the S&P MidCap 400 as well.
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What Moved the Markets:
U.S. Indices
Dow -0.3% to 33,093. S&P 500 +0.3% to 4,205. Nasdaq +2.5% to 12,976. Russell 2000 flat at 1,773. CBOE Volatility Index +6.8% to 17.95.
S&P 500 Sectors
Consumer Staples -3.2%. Utilities -2.4%. Financials -1.5%. Telecom +1.2%. Healthcare -2.9%. Industrials -1.4%. Information Technology +5.1%. Materials -3.1%. Energy -1.1%. Consumer Discretionary +0.4%. Real Estate -1.4%.
World Indices
London -1.7% to 7,627. France -2.3% to 7,319. Germany -1.8% to 15,984. Japan +0.4% to 30,916. China -2.2% to 3,213. Hong Kong -3.6% to 18,747. India +1.3% to 62,502.
Commodities and Bonds
Crude Oil WTI +1.8% to $72.87/bbl. Gold -1.8% to $1,946.1/oz. Natural Gas -10.7% to 2.418. Ten-Year Bond Yield -0.2 bps to 3.795.
Forex and Cryptos
EUR/USD -0.69%. USD/JPY +1.92%. GBP/USD -0.76%. Bitcoin -1.6%. Litecoin -5.7%. Ethereum +0.5%. XRP -0.2%.
Top S&P 500 Gainers
NVIDIA (NVDA) +25%. Monolithic Power Systems (MPWR) +21%. Advanced Micro Devices (AMD) +20%. Broadcom (AVGO) +19%. Arista Networks (ANET) +18%.
Top S&P 500 Losers
Ulta Beauty (ULTA) -14%. Dollar Tree (DLTR) -11%. Insulet (PODD) -9%. Medtronic plc (MDT) -9%. Target (TGT) -9%.
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🎯 Stocks On Our Radar:
- AgeX (NYSE: AGE) – $2 target 📈
- Portage Biotech (NASDAQ: PRTG) – $10 target📈
- Tesla Inc. (NASDAQ: TSLA) $300 target📈
- Palantir Technologies Inc. (PLTR: NYSE) Big (beta) upside. $15 target 📈
- M2Bio Sciences (OTC: MRES) $0.10 target (disclosure, Jeff Robinson is the CEO)📈
- Innovative Holdings Alliance (OTC: IHAI) (entered into a deal with MRES)📈
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🏆 Quotes That Inspire Us:
“The point of modern propaganda isn’t only to misinform or push an agenda. It is to exhaust your critical thinking, to annihilate truth.” – Garry Kasparov
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📖 Word Of The Week:
The most effective technique is to cajole rather than to threaten.
❔ Did You Know:
The Human Stomach Can Dissolve Razor Blades 🪒
It may sound horrible, but it is another one of the most amazing facts in science that a human stomach is more capable of dissolving razor blades. Acids are classified on a scale from 0 to 14. Remember, the lower the ph level, the stronger the acid is. And the pH level in the stomach ranges from 1-3 which is so strong that it can dissolve a single-edge blade in a few hours of immersion in the stomach acid, as found in a study. So, if you ever swallow a razor blade, you don’t need to panic.
📚 Books We Are Reading:
- Emotional Intelligence: Why It Can Matter More than IQ
by Daniel Goleman - The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail
by Clayton Christensen - True North: Discover Your Authentic Leadership
by Bill George - Extreme Ownership: How U.S. Navy SEALs Lead and Win
by Jocko Willink & Leif Babin
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🤣 One-Liners:
What if there were no hypothetical questions? 🤔
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📽 A Must Watch & Listen:
- Dr. Peter Attia: Optimizing brain health: Alzheimer’s disease risk factors, APOE, prevention strategies, and more.
- You Don’t Need Weird Tricks to Slow Down Aging with Morgan Levine PhD, Gerontology.
- Juvenescence: Think aging up, rather than disease down.
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📆 Upcoming Events:
None at the moment…
The IBR Team
Please send any news, comments, or stock ideas to jeff@internetbullreport.com and follow IBR on Twitter @IBullReport
All content provided by Internet Bull Report is for informational and educational purposes only and is not meant to represent trade or investment recommendations.