Welcome to the 225th 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:
POLITICS
- The British political psychodrama – and why the world is watching.🎭
- Massive turnout in defense of Mexican democracy
- Should Ramaphosa be charged, he will gladly step aside, says presidency. 👨⚖️
ECONOMICS
- The Bank of England predicted the United Kingdom will experience the longest recession in recorded history.
- Mass layoffs at Facebook.📉
- Saudi Arabia’s real GDP grows by 8.6% in Q3 2022.📈 (as we have been saying, such huge opportunities in the region)
CULTURE
- Art in the workplace improves employee well-being, study finds.🎨
- How to win at Wordle. (without cheating)
- The Clash co-founder dead: Keith Levene was 65.🎸
SOCIETY
- The Ferrari fugitives.
- Benoît Carcenat named ‘Chef of the Year 2023’.🧑🍳
- The ugly story of how corporate America convinced us to spend so much on water.💦
- Drowning death of crypto ‘visionary’ Nikolai Mushegian fuels conspiracy theories.
- How I learned to stop worrying and love uncertainty.❤
- What you can’t imagine clearly, you value less.
- A growing body of research suggests human behavior on social media is strikingly similar to collective behavior in nature.
TECHNOLOGY
- How tech is helping us talk to animals.
- Visualizing the composition of blood.🩸
- 3D Printing tech utilized to reconstruct patient’s eye socket in the UAE.👀
- NEOM invests $175m in urban air mobility provider Volocopter.🚁
- Scientists increasingly can’t explain how AI works.
- IKEA tests self-driving truck technology with daily 300-mile trek in Texas.
MEDICINE & SCIENCE
- Reversing aging is no longer a pipe dream.👴
- Why more and more girls are hitting puberty early.
- Reassuring new data on statin-induced Lp(a) elevation.
- Can an annual flu vaccine reduce your risk of Alzheimer’s disease?
- What causes heart disease?
- Vitamin D is not actually a vitamin, but a hormone.
- Plant-based meat gets a reality check.
CANNABIS & PSYCHEDELICS
- Psychedelic drug research held back by UK rules and attitudes say scientists. 💊
- Ketamine may reduce suicidal ideation in Treatment-Resistant Depression.
- Are psychedelic drugs beneficial for people without mental disorders? 😄
- Psychedelic medicine is going beyond PTSD and Depression.
- The antidepressant effect of a single Ketamine infusion.🧪
SPORTS
- Gerard Piqué: an icon of Barça’s greatest team who changed how defenders play football.⚽
- Wimbledon is finally changing its despised underwear rule.🎾
- Cristiano Ronaldo says ‘Man Utd have betrayed me‘ and ‘made me black sheep’ 🐑
- Anthony Johnson: Former UFC title challenger dies aged 38 after battling illness. 🥊
Noteworthy Stocks & Assets:
- CZ to liquidate Binance’s hundreds of millions of dollars in native token of Bankman-Fried’s rival FTX exchange,
- The shrinking trillion-dollar market gap club.💲
- The death of crypto has been greatly exaggerated, again.
- Meta lays off 11,000 workers as Zuckerberg takes blame: ‘I got this wrong’. 💼
- The breathtaking collapse of Sam Bankman-Fried’s crypto empire.
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Earnings spotlight:
Monday, November 14 Tyson Foods (TSN), Li Auto (LI), Tower Semiconductor (TSEM), and Oatly (OTLY).
Tuesday, November 15 Walmart (WMT), Home Depot (HD), Tencent Music (TME), and Advance Auto Parts (NYSE:AAP).
Wednesday, November 16 – Nvidia (NASDAQ:NVDA), Target (TGT), Lowe’s (LOW), Bath & Body Works (NYSE:BBWI), and Cisco (CSCO).
Thursday, November 17 – Alibaba (NYSE:BABA), Macy’s (M), Kohl’s (KSS), Palo Alto Networks (PANW), Applied Materials (NASDAQ:AMAT), and Ross Stores (ROST).
Friday, November 18 – JD.com (JD) and Foot Locker (FL).
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IPOs expected to start trading this week:
IPOs that could price and start trading include KWESST Micro Systems (KWE:CA) and Bullfrog AI Holdings (BFAI). The quiet period ends on Prime Medicine (NASDAQ:PRME) on November 14 to free up analysts to post ratings.
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What Moved the Markets:
U.S. Indices
Dow +4.1% to 33,748. S&P 500 +5.9% to 3,993. Nasdaq +8.1% to 11,323. Russell 2000 +4.8% to 1,887. CBOE Volatility Index -8.3% to 22.52.
S&P 500 Sectors
Consumer Staples +2.4%. Utilities +1.4%. Financials +5.7%. Telecom +9.2%. Healthcare +1.1%. Industrials +4.6%. Information Technology +10.%. Materials +7.7%. Energy +2.%. Consumer Discretionary +5.9%.
World Indices
London -0.2% to 7,318. France +2.8% to 6,595. Germany +5.7% to 14,225. Japan +3.9% to 28,264. China +0.5% to 3,087. Hong Kong +7.2% to 17,326. India +1.4% to 61,795.
Commodities and Bonds
Crude Oil WTI -4.1% to $88.86/bbl. Gold +5.8% to $1,774.2/oz. Natural Gas -7.8% to 5.902. Ten-Year Bond Yield -0.2 bps to 3.811.
Forex and Cryptos
EUR/USD +3.96%. USD/JPY -5.31%. GBP/USD +4.06%. Bitcoin -20.8%. Litecoin -13.%. Ethereum -21.9%. XRP -23.9%.
Top S&P 500 Gainers
SolarEdge Technologies, Inc. (SEDG) +32%. T. Rowe Price Group, Inc. (TROW) +30%. DISH Network Corporation (DISH) +27%. Invesco Ltd. (IVZ) +26%. Meta Platforms (META) +24%.
Top S&P 500 Losers
Cboe Global Markets, Inc. (CBOE) -10%. McKesson Corporation (MCK) -10%. Dominion Energy, Inc. (D) -8%. Everest Re Group, Ltd. (RE) -7%. W. R. Berkley Corporation (WRB) -7%.
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🎯 Stocks On Our Radar:
- AgeX (NYSE: AGE) 📈 – $3.00 target
- Portage Biotech (NASDAQ: PRTG) 📈 – $45 target
- Agronomics Ltd (OTC: AGNMF) 📈
- Regent Pacific Group Ltd. (HKG: 0575) 📈
- ThreeD Capital Inc. (IDK.CN) (OTC: IDKFF) 📈
- Palantir Technologies Inc. (PLTR: NYSE) 📈Big (beta) upside. $25 target
- M2Bio Sciences (OTC: MRES) 📈
- Wuhan General (OTC: WUHN) 📈
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Quotes That Inspire Us:
“Imperfection is beauty, madness is genius and it’s better to be absolutely ridiculous than absolutely boring.”
―
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📖 Word Of The Week:
perseverance – persistence in doing something despite difficulty or delay in achieving success.
❔ Did You Know:
📚 Books We Are Reading:
- Unfu*k Yourself: Get Out of Your Head and Into Your Life – by Gary John Bishop.
- Self Made: The Definitive Guide to Business Startup Success – by Bianca Miller-Cole and Byron Cole.💼
- The Servant: A Simple Story About the True Essence of Leadership – by James C. Hunter.
- Women in Science: 50 Fearless Pioneers Who Changed the World – by Rachel Ignotofsky.👩🔬🔬
- Vagabonding: An Uncommon Guide to the Art of Long-Term World Travel – by Rolf Potts.
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🤣 One-Liners:
“There are three kinds of people: those who can count and those who can’t.” 🔢
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📽 A Must Watch & Listen:
- Let’s Talk: the future of Crypto Nation Switzerland. Watch it here.
- Bloomberg Radio host Barry Ritholtz speaks with ETF industry pioneer Dave Nadig.
- Elon Musk interviewed by Ron Baron at the 29th Annual Baron Investment Conference on 4 November 2022.
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📆Upcoming Events:
Jeff is in Bangkok for 3 weeks to investigate and explore opportunities in the cannabis space as Thailand recently made it ”somewhat” legal.🌿 (still, more regulations are needed). Also, looking at the MMA (Mixed Martial Arts) sector. 🥋🥊➡️🤔
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
All content provided by Internet Bull Report is for informational and educational purposes only and is not meant to represent trade or investment recommendations.
