Welcome to the 240th edition of The Weekly Bull Report.🤗
🤔 Interesting Articles & News:
POLITICS
- Saudi Arabia rises to the world’s 5th largest military spender.🪖
- Ron DeSantis bets big on his Disney feud.
- Three paths to raising the debt limit — and why every one of them is murky. 💲
ECONOMICS
- De-dollarization: Not a matter of if, but when.📉
- UAE airports’ passenger traffic jumps by 56.3% in Q1 2023.
- Zimbabwe is launching a local digital currency alternative to the US dollar. (smart move) 💷
CULTURE
- Don Lemon says he has been fired by CNN: ‘I am stunned’. 💼
- Tucker Carlson leaves Fox News in a surprise announcement.
- Actor Scott Baio leaving California after 45 years: ‘It’s not a safe place anymore’. 🔒
- ‘Jaws’ star Richard Dreyfuss slams new Oscars diversity rules.
SOCIETY
- India overtakes China to become the world’s most populous country. 🤼
- Tucker Carlson gets $100 Million offer from Patrick Bet-David.
- Drake is officially bidding farewell to his massive Beverly Hills estate for $88 million. 🎵
TECHNOLOGY
- This AI can design complex proteins perfectly tailored to our needs.
- Slack GPT brings native generative AI to chat app.
- Clickbait News Sites Turn to AI for Content. 🤖
MEDICINE & SCIENCE
- Is it possible to provide equitable nutritional care for diabetes and obesity? 💉
- Alcohol fuels pain: study reveals link between drinking and chronic pain.
- Inspired by Rubik’s Cube, scientists create a shape-shifting antibiotic to fight disease. 💊
- How old is too old to start strength training?🏋️♂️
- Metformin is linked to reduced osteoarthritis risk.
- Parkinson’s Disease has become a pandemic.🦠
- New Alzheimer’s drug slows cognitive decline by a third.
NUTRITION & MICROBIOME
- Olive oil may have an important role in the diets of astronauts. 🍽
- Forging the microbiome to help us live long and prosper.
- Reviewing the aging of the gut microbiome. 🔬
- A daily dose of blueberries could improve brain and heart health.🫐
- Micronutrients, phytonutrients, and mental health. 🧠
- New antiobesity drugs will benefit many. Is that bad?
CANNABIS & PSYCHEDELICS
- Pain, hope, and science collide as athletes turn to magic mushrooms. 🍄
- How can cannabis help our furry friends?
- Americans spent more on legal cannabis in 2022 than chocolate. 🍫
- Can psychedelics solve the youth mental health crisis?
SPORTS
- Rodrygo scores twice to win Copa del Rey for Real Madrid against Osasuna.⚽
- Max Verstappen wins from ninth on grid to extend championship lead.🏎️
- Carlos Alcaraz wins title with victory over Jan-Lennard Struff.🎾
Noteworthy Stocks & Assets:
- Is the Bitcoin comeback for real?
- BitOasis secures MVP operational license from Dubai’s VARA.
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Earnings spotlight:
Monday, May 8 – PayPal Holdings (PYPL), Tyson Foods (TSN), KKR (KKR), Lucid Group (NASDAQ:LCID) and Freshpet (FRPT).
Tuesday, May 9 – Duke Energy (DUK), Airbnb (ABNB), Fox (FOX), Coupang (CPNG), Rackspace Technology (RXT), and Nikola (NKLA).
Wednesday, May 10 – Disney (DIS), Trade Desk (TTD), Roblox (RBLX), Li Auto (LI), and Unity Software (U).
Thursday, May 11 – JD.com (JD), US Foods (USFD), and News Corporation (NWS).
Friday, May 12 – Spectrum Brands (SPB) and Soho House (SHCO).
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IPOs expected to start trading this week:
Strong Global Entertainment (SGE) is expected to start trading. The company is expected to see its $8M IPO priced at around $5 per share. Based in North Carolina, Strong provides projection screens and support services to cinema operators such as IMAX, Cinemark and AMC.
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What Moved the Markets:
U.S. Indices
Dow -0.3% to 33,674. S&P 500 -0.8% to 4,136. Nasdaq +0.1% to 12,235. Russell 2000 -0.6% to 1,758. CBOE Volatility Index +8.9% to 17.19.
S&P 500 Sectors
Consumer Staples -0.4%. Utilities +0.1%. Financials -2.7%. Telecom -2.3%. Healthcare +0.1%. Industrials -0.5%. Information Technology +0.6%. Materials -1.1%. Energy -5.8%. Consumer Discretionary -0.4%. Real Estate -0.8%.
World Indices
London -1.2% to 7,778. France -0.8% to 7,433. Germany +0.2% to 15,961. Japan +1.% to 29,158. China +0.3% to 3,335. Hong Kong +0.7% to 20,033. India -0.1% to 61,054.
Commodities and Bonds
Crude Oil WTI -7.1% to $71.32/bbl. Gold +1.3% to $2,024.6/oz. Natural Gas -12.3% to 2.113. Ten-Year Bond Yield -0.2 bps to 3.435.
Forex and Cryptos
EUR/USD -0.02%. USD/JPY -1.05%. GBP/USD +0.49%. Bitcoin +1.2%. Litecoin -2.8%. Ethereum +4.5%. XRP -2.5%.
Top S&P 500 Gainers
Royal Caribbean Cruises (RCL) +16%. Live Nation Entertainment (LYV) +14%. ON Semiconductor (ON) +13%. Generac Holdings (GNRC) +12%. Vulcan Materials (VMC) +11%.
Top S&P 500 Losers
First Republic Bank (FRC) -78%. Paramount Global (PARA) -28%. The Estée Lauder (EL) -18%. Newell Brands (NWL) -17%. Comerica (CMA) -16%.
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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:
“It is the mark of an educated mind to be able to entertain a thought without accepting it.” – Aristotle
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📖 Word Of The Week:
❔ Did You Know:
$42-billion
… the estimated value of assets that will now be taken over by King Charles, according to Forbes. These include a collection of property holdings including Buckingham Palace and Windsor Castle, and the Duchy of Lancaster, which in March 2022 was valued at £652.8-million (R15.18-billion), and is owned by the monarch in a trust. 👑
📚 Books We Are Reading:
- Merchants of Truth: The Business of News and the Fight for Facts – by Jill Abramson.
- The Idea Factory: Bell Labs and the Great Age of American Innovation – by Jon Gertner.
- The Hundred-Year Marathon: China’s Secret Strategy to Replace America As the Global Superpower – by Michael Pillsbury.
- Measure What Matters: How Google, Bono, and the Gates Foundation Rock the World with OKRs – by John Doerr.
- Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street – by Sheelah Kolhatkar.
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🤣 One-Liners:
What do you call a blonde with half a brain? Gifted. 👱♀️
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📽 A Must Watch & Listen:
- Jack Kornfield: Finding Inner Calm.
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📆 Upcoming Events:
Nothing here at the moment…
The IBR Team
Please send any news, comments, or stock ideas to jeff@internetbullreport.com and follow IBR on Twitter @IBullReport
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