The Weekly Bull Report – May 29 , 2023 🗞

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:










Noteworthy Stocks & Assets:


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).


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.


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%.


🎯 Stocks On Our Radar:

  1. AgeX (NYSE: AGE)   $2 target 📈 
  2. Portage Biotech (NASDAQ: PRTG)  $10 target📈
  3. Tesla Inc. (NASDAQ: TSLA) $300 target📈
  4. Palantir Technologies Inc. (PLTR: NYSE) Big (beta) upside. $15 target 📈
  5. M2Bio Sciences (OTC: MRES) $0.10 target (disclosure, Jeff Robinson is the CEO)📈  
  6. Innovative Holdings Alliance (OTC: IHAI) (entered into a deal with MRES)📈


🏆 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


📖 Word Of The Week:

cajole – to deceive by flattery; coax

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:


🤣 One-Liners:

What if there were no hypothetical questions? 🤔


📽 A Must Watch & Listen:


📆 Upcoming Events:

None at the moment…

The IBR Team

Please send any news, comments, or stock ideas to 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.

Spread the love