Welcome to the 177th edition of The Weekly Bull Report.
Wishing our US readers a very happy Thanksgiving π¦ (did you feel the inflated costs?)π
Here’s a shortlist of the content we found interesting and informative over the past week…
π€ Interesting Articles & News:
POLITICS
- Democrats aren’t alone in the cannabis game anymore – Republicans from statehouses to Congress are pushing legalization bills. πΏ
- China downgrades ties with Lithuania after Taiwan opens de facto embassy in the Baltic state. π±πΉ
- DR Congo President Felix Tshisekedi orders mining licences audit, aiming to combat fraud within the lucrative sector. β
- Libyans protest against Khalifa Haftar and Gadhafi’s son presidential runs. πͺ§
- Prominent journalist Abdiaziz Mohamud, known for making programs critical of the armed group, killed by suicide bomber in Mogadishu. π₯
- More than a million vote βblankβ or spoil ballots cast in Argentina’s midterms. π³
- In anticipation of new constitution, Chile elects a president. Results are expected late Sunday. π¨π±
ECONOMICS
- China’s land sales slump for 4th month as property woes worsen, as cash-strapped developers move cautiously after tighter regulatory curbs on new borrowing. π
- Turkish lira on eight-day spiral to all-time lows, after CB slashed rates and signaled more risky easing was on the way. π
- South Africa: How smart tech is helping small farmers stay competitive. π¨βπΎ
- UK Energy market crisis worsens with suppliers rejecting new customers in fear of making losses. β‘οΈ
- Mortgage refinance demand continues its free fall, as interest rates rise again. π
CULTURE
- Ethiopia hails return of artifacts looted 150 years ago. πͺπΉ
- Two men wrongfully convicted of killing Malcolm X are exonerated after 55 years. π
- Is the Old Testament historically accurate? π
- Muonic X-ray emission spectroscopy study of Roman coins reveals thriving empires. πͺ
- Catherine the Great Smallpox letter, dated April 20, 1787, and addressed to a count, echoes Russiaβs pandemic woes. βοΈ
- How South Asian DevadΔsΔ«s temple dancers fought moral reform. πΊ
SOCIETY
- Why Ikarian honey could be the key to longevity. π―
- Misremembering might actually be a sign your memory is working optimally. π§
- Donβt mess with Russian Churches – couple sentenced 10 months jail for photo in which they simulated oral sex in front of St. Basil’s Cathedral on Red Square. βͺοΈ
- Lee Young-ae became one of Koreaβs highest-paid actresses – Age 50, with a net worth of US$40 million. π°
- UK: 85% of independent retailers are boycotting Black Friday, the highest figure ever recorded. π
- Facebook demands Los Angeles Police Department to stop creating fake accounts to spy on other users. π΅οΈββοΈ
TECHNOLOGY
- How to fix Facebook. π
- MIT physicists use fundamental atomic property to turn matter invisible. βοΈ
- New insights into the dynamic inner structure of the Neutron. π¬
- Strange Quasiparticles β called Anyons β may be useful in future quantum computers. π₯
- Digital transformation: The way for job creation in Africa. π
- A new theory for systems that defy Newtonβs Third Law. π©βπ¬
- Big data study suggests human brain navigates by taking the βpointiest pathβ rather than the shortest path. π§
MEDICINE & SCIENCE
- Researchers found virgin olive oils high in polyphenols lowered the risk of contamination from common food-borne pathogens by up to 90 percent. π«
- Consumption of coffee and tea and risk of developing stroke, dementia, and poststroke dementia.Β βοΈ
- Β The βbackground noiseβ in the brain disrupts long-memory signals by neurons. This noise interrupts the consistent rhythm of long-memory alpha wave signals in people experiencing identity confusion. βοΈ
- Study links stress to Crohnβs disease flare-ups. π¬
- How herpes checks into the nervous system for life. π§ͺ
- Switching to a diet that includes more leafy greens, including spinach and kale, reduces inflammation and oxidative stress, and improved symptoms associated with chronic migraine.π±
- Scientists report finding a second person to be βnaturallyβ cured of HIV, raising hopes for future treatments. π
- Chronic stress and depression boost this brain receptor; a new study maps out how to block it. π
- Good or bad? Top cardiologist gives verdict on chocolate, coffee, and wine. π
- Scientists mystified as Africa avoids COVID disaster. π·
- All disease begins in the (leaky) gut: role of zonulin-mediated gut permeability in the pathogenesis of some chronic inflammatory diseases. β»οΈ
CANNABIS & PSYCHEDELICS
- Malta to completely legalize CBD oil and other products when weed law passes. πΏ
- Ads about psychedelic substances, cannabis, and other things that promote βunsafe behaviorβ are now banned by New Yorkβs Metropolitan Transit Authority. π«
- Alabama medical board proposes rules for doctors to treat patients with cannabis products. π¨ββοΈ
- Party leaders in Germanyβs incoming government coalition have reached an agreement to legalize marijuana nationwide. π©πͺ
- Psychedelics including psilocybin and LSD show promise in providing lasting relief from symptoms for those suffering some mental health disorders. π
- Superfood Brand Identity launches new food item, a CBD-Infused bone broth. π
- Researchers, Bioethicists discuss the future of Psychedelic Therapy in Petrie-Flom Webinar. π©βπ»
- Could psychedelics and technology solve our mental health crisis? π€
- Metaphysics and mushrooms: Psychedelics can change how you think about the universe. π
- Some advocates claim that widespread psychedelic use will change the world for the better. But itβs not so simple. π
- Flies, Lies and Magic Mushrooms:Β How one man used psilocybin to treat his anxiety and depression. πͺ°
SPORTS
- Terence Crawford stops Shawn Porter in 10th round to retain welterweight title. π₯
- Argentina cap off glorious 2021 by securing ticket to Qatar 2022. β½οΈ
- Chinese tennis starβs disappearance is warning for Olympics – Peng Shuai hasnβt been seen in public since 2 November. πΎ
- Uruguay sack coach Γscar TabΓ‘rez after record-breaking 15-year run. π₯Ύ
π² Noteworthy Stocks & Assets:
- Why Wall Street is not yet on board with pot stocks. πΏ
- Sanofi makes $270M bet that a startupβs AI tech can boost its cancer drug R&D. π°
- Starbucks opens its first cashierless coffee shop. βοΈ
- US Chain CVS to close 900 drugstores to expand health hubs at remaining stores.Β β
Earnings spotlight:
Monday, November 22: Zoom Video Communications (ZM), Agilent Technologies (NYSE:A), Spire (NYSE:SR), Urban Outfitters (NASDAQ:URBN) and Niu Technologies (NASDAQ:NIU).
Tuesday, November 23: Analog Devices (NASDAQ:ADI), HP (NYSE:HPQ), Best Buy (BBY), Gap (NYSE:GPS), Dick’s Sporting Goods (NYSE:DKS), Dell Technologies (NYSE:DELL), Jack in the Box (NASDAQ:JACK), Dollar Tree (NASDAQ:DLTR) and Vmware (NYSE:VMW).
Wednesday, November 24: Deere (NYSE:DE) and Futu Holdings (NASDAQ:FUTU).
IPOs expected to start trading this week:
No IPOs are due to start trading next week, but there will still be plenty of action with analysts posting ratings on a large number of companies that went public last month. The analyst quiet period expires on Globalfoundries (NASDAQ:GFS), Fluence Energy (NASDAQ:FLNC), Informatica (NYSE:INFA), Rent the Runway (NASDAQ:RENT), Solo Brands (NYSE:DTC), Arteris (NASDAQ:AIP), Augmedix (NASDAQ:AUGX) and Marpai (NASDAQ:MRAI) on November 22. Analysts will also get to post ratings on HireRight (NYSE:HRT), Udemy (NASDAQ:UDMY), Entrada Therapeutics (NASDAQ:TRDA), Sonendo (NYSE:SONX), AirSculpt Technologies (NASDAQ:AIRS), Aura Biosciences (NASDAQ:AURA), Biofrontera (NASDAQ:BFRI) on November 23.
IPO lockup periods expire on Paymentus (PAY) on November 22, as well as Figs (NYSE:FIGS), Singular Genomics Systems (NASDAQ:OMIC) and Day One Biopharmaceuticals (NASDAQ:DAWN) on November 23. Centessa Pharmaceuticals (NASDAQ:CNTA) and Zivo Bioscience (NASDAQ:ZIVO) see IPO lockup periods end on November 24 and LianBio (NASDAQ:LIAN) has its lockup period expiring on November 26.
What Moved The Markets Last Week:
U.S. Indices
Dow -1.4% to 35,602. S&P 500 +0.3% to 4,698. Nasdaq +1.2% to 16,057. Russell 2000 -2.9% to 2,342. CBOE Volatility Index +9.9% to 17.91.
S&P 500 Sectors
Consumer Staples -1.%. Utilities +0.9%. Financials -2.8%. Telecom -1.%. Healthcare -0.7%. Industrials -1.2%. Information Technology +2.4%. Materials -2.%. Energy -5.2%. Consumer Discretionary +3.8%.
World Indices
London -1.7% to 7,224. France +0.3% to 7,112. Germany +0.4% to 16,160. Japan +0.5% to 29,746. China +0.6% to 3,560. Hong Kong -1.1% to 25,050. India -1.7% to 59,636.
Commodities and Bonds
Crude Oil WTI -6.3% to $75.67/bbl. Gold -1.2% to $1,847.1/oz. Natural Gas +6.% to 5.077. Ten-Year Treasury Yield +0.% to 130.73.
Forex and Cryptos
EUR/USD -1.48%. USD/JPY +0.16%. GBP/USD +0.27%. Bitcoin -9.1%. Litecoin -14.6%. Ethereum -8.%. Ripple -8.8%.
Top Stock Gainers
Longeveron Inc (NASDAQ:LGVN) +195%. Meredith Corp (NYSE:MDP) +102%. Jowell Global Ltd (NASDAQ:JWEL) +85%. Casper Sleep Inc (NYSE:CSPR) +85%. Trio-Tech International (NYSE:TRT) +83%.
Top Stock Losers
Connect Biopharma Holdings Ltd ADR (NASDAQ:CNTB) -65%. Flora Growth Corp (NASDAQ:FLGC) -58%. Redhill Biophrma ADR (NASDAQ:RDHL) -42%. The Beachbody Company Inc Cl A (NYSE:BODY) -42%. Big 5 Sporting (NASDAQ:BGFV) -41%.
π― Stocks On Our Radar:
- Biohaven Pharmaceutical (NYSE: BHVN) πΒ – $200 target.
- AgeX (NYSE: AGE) π Β – $3.00 target
- Portage Biotech (NASDAQ: PRTG) π –Β $100 target
- Wuhan General Group (OTC: WUHN) π – $3.00 target
- Agronomics Ltd (OTC: AGNMF) π
- Regent Pacific Group Ltd. (HKG: 0575) π
- ThreeD Capital Inc. (IDK.CN) (OTC: IDKFF) π
π Quotes That Inspire Us:
“Given a 10% chance of a 100 times payoff, you should take that bet every time.” β Jeff Bezos
π Word Of The Week:
Usurp | yooΒ·surpΒ | verb – [with object] take (a position of power or importance) illegally or by force: “Richard usurped the throne”.Β
[no object] (usurp on/upon) archaic encroach or infringe upon (someone’s rights): “the Church had usurped upon the domain of the state”.
β Did You Know:
What is the ”Stoned Ape Theory”? π¦
π Books We Are Reading:
Bill Gates Top 5 Must Reads
- I Contain Multitudes: The Microbes Within Us and a Grander View of Life β Ed Yong.
- When Breath Becomes Air β Paul Kalanithi.
- Seveneves β Neal Stephenson.
- Sustainable Materials with Both Eyes Open β Jonathan Cullen, Julian M. Allwood, and Mark A. Carruth.
- Interventions: A Life in War and Peace β Kofi Annan and Nader Mousavizadeh.
π€£ One-Liners:
A rich man comes home to tell his wife he lost everything in the stock market crash and they need to change their lifestyle.
He says to his wife: “If you learn how to cook we can fire the chef.”
She replies: “If you learn how to f**k we can fire the gardener as well.”
π½ A Must Watch & Listen:
Todd Harrison On The βTrade Of A Lifetimeβ. π
Oat milk: Donβt call it creamy.π₯
π Upcoming Events:
Rising to the Challenge: Healthy Aging Forum 2022. π§¬π¬
Our very best wishes for a brilliant upcoming week! πͺ
Respectfully yours,
The IBR Team
Please send any news, comments, or stock ideas to jeff@internetbullreport.comΒ and follow IBR on Twitter @IBullReportΒ 
All content provided by Internet Bull Report is for informational and educational purposes only and is not meant to represent trade or investment recommendations.
