Welcome to the 168th 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
- From sunny ways to pelted with stones: Why do some Canadians hate Justin Trudeau? 🇨🇦
- Jacob Zuma’s application to repeal prison sentence denied – political tensions in SA continue. 🇿🇦
- Tech giants ban Russian opposition app from their app stores on day of Parliamentary Vote. 🚫
- Do Parliamentary elections make sense in Russia when “everything is decided in advance”? 🇷🇺
- Tens of thousands on the streets in Buenos Aires – working-class citizens demanding jobs and increased food subsidies amid economic crisis. 🇦🇷
- Norway set for new Prime Minister with a pledged to tackle the fossil fuel issue. 🛢
ECONOMICS
- Swiss DLT stock exchange wins long-awaited license to operate. ⚙️
- Linking ESG investing to planetary impact. 🌱
- Kenyans furious over hike in fuel prices after government ends subsidies on fuel introduced earlier this year to cushion high cost of living. ⛽️
- Argentina’s faltering 2022 budget forecasts: inflation of 33%, fiscal deficit of 3.3% of GDP, staggering US$19.1B debt to IMF. 💰
- Strong CPI data reinforcing hawkish BoE rhetoric and adding to probability for earlier rate hikes as inflation prints are running hotter in UK. 💹
- Caught with hands in the cookie jar: Fed Chair Powell and other officials held securities the central bank bought during COVID-19. 🍪
- US supply trickles back into market after hurricane Ida took out 26 million barrels of offshore production, pushing oil prices lower. 🛢
CULTURE
- Anthony Hopkins’ sci-fi thriller Zero Contact gets NFT debut on Vuele with 11 blockchain-based tokens. ⛓
- Early 19th century postcards made by French illustrators anticipated the future. 👨🎨
- Celebrations of the National Hispanic Heritage month is highlighting their culture through local cuisines and traditional recipes. 🌮
- The story of the Manhattan cocktail and its younger sibling the Black Manhattan. 🍸
- Prague was voted and proclaimed as the most beautiful city in the world. 🌇
- The story of Mao Zedong’s wife, who wielded untold power, now told in the book “The Sisters Mao”. 🇨🇳
- Dune: A look into the masterpiece and how Denis Villeneuve succeeded in adapting the 1965 novel, after two directors’ failed attempts (spoiler alert). ⚠️
SOCIETY
- Hotel business travel revenues expected to be down by 80% at top 20 destinations in 2021. 📉
- Upcycling not only supports today’s eco-values, but it’s also the future of luxurious fashion. ♻️
- The real female chess trailblazer, Nona Gaprindashvili, sues Netflix for $5M over false claims in The Queen’s Gambit. 🏆
- Lawmakers on Capitol Hill are pushing to ban Facebook’s proposed Instagram app for kids. 🐥
- Reddit bans COVID-19 misinformation subreddit after 135 communities protested by ‘going dark’. 🙅♂️
- How American consumers embraced color in everyday products, 💄
TECHNOLOGY
- Evolve Additive Solutions secures $30M funding. 🤑
- Scientists develop gelatinous Extra Virgin Olive Oil in Italy. 🫒
- Finnish scientists successfully transform plant cells into coffee-like drink. ☕️
- Apple introduces new iPads, Watches, iPhones, and teases the upcoming OS update in its mega event this week. 📱
- Using the new phantom wallets to buy Solana NFT’s, a rival to Ethereum NFT’s. ⛓
- What is the science behind Google’s time crystal, will it change physics forever? 🔮
- SpaceX’s StarLink satellite broadband service will complete its Beta test phase by October. 🛰
- SpaceX’s ‘non-astronaut’ Inspiration4 crew lands safely after three days in space. 🧑🚀
MEDICINE & SCIENCE
- Making and breaking eye contact makes conversation more engaging. 👁
- Predicting possible Alzheimer’s with nearly 100% accuracy. 🎯
- AI could speed up lung cancer diagnosis by a year. 🫁
- Precision fermentation innovator Formo celebrates record funding round. 🧀
- Rhinos: Scientists are hanging them upside-down from helicopters – here’s why. 🦏
- It’s official: plant-based diets make us gassier… so what’s worse for the planet – cow or human farts? 💨
- SENS spin-out that targets cholesterol and atherosclerosis awarded ‘Innovation Passport’ by UK Regulators. 🇬🇧
- Following the Mediterranean diet was linked with the normal development of an important part of the nervous system in depressed patients. 🥗
- Researchers from the University of Louisiana-Monroe are working to create an oral oleocanthal-based supplement for Alzheimer’s patients. 💊
- There is a link between attention deficit hyperactivity disorder (ADHD) and risk for Alzheimer’s disease (AD) and other dementia types. 👵🏻
- Individuals aged 18-24 years are at the highest risk of weight gain and developing overweight or obesity over the next 10 years compared with all other adults. ⚠️
- How does coffee affect your heart? 🫀
- The role of probiotics in mental health. 💊
- CDC warns of ‘Alarming’ Increase in Child Obesity during pandemic. 😷
CANNABIS & PSYCHEDELICS
- COMPASS Pathways acquires IP portfolio of novel psychedelic compounds and prodrugs. 💊
- Psilocybin and MDMA represent the first wave of therapies that help patients by changing the way they view reality. 🍄
- LSD-triggered altered behaviors linked to abnormal brain communication. 🧠
- The impact and importance of psychedelic medicine. 🩺
SPORTS
- Michael Holding retires from cricket commentary, broadcasting, and 20 years at Sky sports. 🏏
- Novak Djokovic’s grand slam dream comes to an end as Daniil Medvedev beats World No. 1 in the US Open final. 🎾
- Ronal Koeman’s position with the team and their financial situation make the upcoming 3 games crucial for FC Barcelona. ⚽️
- The 80-year-old Brazil football legend Pele ‘stable’ after respiratory problems days following surgery for suspected tumor. ⚽️
💲 Noteworthy Stocks & Assets:
- There was insider trading on NFT platform OpenSea, the $1.5 billion start-up admits. 🚫
- Psychedelics are tripping across the ETF space. 🍄
- Singapore earmarking $1.1B USD to make its exchange SGX attractive for local “promising high-growth” companies. 🇸🇬
- Hang Seng index falls nearly 5% for the week – dragged down by Evergrande debt issues, poor China data, Macau casino trouble. 🇭🇰
Earnings spotlight:
Monday, September 20th: Lennar (NYSE:LEN).
Tuesday, September 21st: AutoZone (NYSE:AZO), Cracker Barrel (NASDAQ:CBRL), Aurora Cannabis (NASDAQ:ACB), FedEx (FDX), Adobe (NASDAQ:ADBE) and Stitch Fix (NASDAQ:SFIX).
Wednesday, September 22nd: General Mills (NYSE:GIS), Blackberry (NYSE:BB) and KB Home (NYSE:KBH).
Thursday, September 23rd: Carnival (NYSE:CCL), Darden Restaurants (NYSE:DRI), Rite Aid (NYSE:RAD), Costco (NASDAQ:COST) and Nike (NKE).
IPOs expected to start trading this week:
IPOs expected to start trading on September 22 include a.k.a. Brands Holdings (AKA), Freshworks (FRSH), VersaBank (OTCPK:VRRKF) and Toast (TOST).
IPOs expected to start to trading on September 23 include Argo Blockchain (ARBK), Brilliant Earth Group (BRLT), Knowlton Development (KDC), Remitly (RELY), Sovos Brands (SOVO) and Steling Check Corp. (STER).
The IPO lockup period expires on a long list of stocks including DigitalOcean (NYSE:DOCN), ACV Auctions (NASDAQ:ACVA), Diversey (NASDAQ:DSEY), Olink Holding (NASDAQ:OLK), Cricut (NASDAQ:CRCT), Vizio Holding (NYSE:VZIO), SEMrush (NYSE:SEMR), ThredUp (NASDAQ:TDUP) and Lava Therapeutics (NASDAQ:LVTX).
What Moved The Markets Last Week:
U.S. Indices
Dow -0.1% to 34,585. S&P 500 -0.6% to 4,433. Nasdaq -0.5% to 15,044. Russell 2000 +0.3% to 2,234. CBOE Volatility Index -0.7% to 20.81.
S&P 500 Sectors
Consumer Staples -0.9%. Utilities -3.1%. Financials -0.1%. Telecom -1.2%. Healthcare -0.2%. Industrials -1.6%. Information Technology -0.7%. Materials -3.2%. Energy +3.3%. Consumer Discretionary +0.5%.
World Indices
London -0.9% to 6,964. France -1.4% to 6,570. Germany -0.8% to 15,490. Japan +0.4% to 30,500. China -2.4% to 3,614. Hong Kong -4.9% to 24,921. India +1.2% to 59,016.
Commodities and Bonds
Crude Oil WTI +3.2% to $71.97/bbl. Gold -2.1% to $1,754./oz. Natural Gas +2.5% to 5.061. Ten-Year Treasury Yield -0.2% to 132.83.
Forex and Cryptos
EUR/USD -0.76%. USD/JPY +0.06%. GBP/USD -0.74%. Bitcoin +6.2%. Litecoin +1.9%. Ethereum +5.2%. Ripple -0.2%.
Top Stock Gainers
Corvus Pharma Com (NASDAQ:CRVS) +115%. Greenidge Generation Hldgs Inc (NASDAQ:GREE) +89%. Atyr Pharma Inc (NASDAQ:LIFE) +88%. Leap Therapeutics Inc (NASDAQ:LPTX) +82%. Helbiz Inc (NASDAQ:HLBZ) +61%.
Top Stock Losers
Protagonist Therapeutics Inc (NASDAQ:PTGX) -61%. Mimedx Group Inc (NASDAQ:MDXG) -60%. Virpax Pharmaceuticals Inc (NASDAQ:VRPX) -51%. Tcr2 Therapeutics Inc (NASDAQ:TCRR) -45%. Valneva Se ADR (NASDAQ:VALN) -42%.
🎯 Stocks On Our Radar:
- Biohaven Pharmaceutical (NYSE: BHVN) 📈 – $200 target.
- AgeX (NYSE: AGE) 📈 – $3.00 target
- Portage Biotech (NASDAQ: PRTG) 📈 – $100 target
- Wuhan General Group (OTC: WUHN) 📈 – $3.00 target
- Agronomics Ltd (OTC: AGNMF) 📈
- Regent Pacific Group Ltd. (HKG: 0575) 📈
- ThreeD Capital Inc. (IDK.CN) (OTC: IDKFF) 📈
🏆 Quotes and Thoughts That Inspire Us:
“The truth of the matter is that you always know the right thing to do. The hard part is doing it.”
– Norman Schwarzkopf
📖 Word Of The Week:
Nebulous [neb·u·lous], adj. – in the form of a cloud or haze; hazy: “a giant nebulous glow.”
(of a concept) vague or ill-defined: “nebulous concepts like quality of life.”
❔ Did You Know:
Did you know that the SGX was formed by combining 3 entities?
The Singapore Exchange (SGX) was formed on 1 December 1999. SGX came into formation after combining three entities, namely Stock Exchange of Singapore, Singapore International Monetary Exchange, and Securities Clearing and Computer Services Pte, making it one of the youngest stock exchanges in the world. 💹 🌏
📚 Books We Are Reading:
Our Top 5 Nutrition Books:
- The Omnivore’s Dilemma; A Natural History of Four Meals – Michael Pollan
- How Not to Die – Michael Greger
- Finally Full, Finally Slim – Dr. Lisa Young, MD
- Read It Before You Eat It: How to Decode Food Labels and Make the Healthiest Choice Every Time – Bonnie Taub-Dix
- What to Feed Your Baby and Toddler – Nicole M. Avena, PhD
🤣 One-Liners:
“What’s your name, son?” The principal asked his student.
The kid replied, “D-d-d-dav-dav-david, sir.”
“Do you have a stutter?” the principal asked.
The student answered, “No sir, my dad has a stutter but the guy who registered my name was a real jerk.”
📽 A Must Watch & Listen:
Ecstasy, LSD and magic mushrooms: are these drugs the future of therapy? (26 minute listen)
📆 Upcoming Events:
Newly appointed Chief Innovation Officer of M2Bio Sciences, Dr. Riyad Domingo, will be presenting his inaugural webinar on the future of mental health therapeutics derived from the psychedelic prodrug psilocybin.
He will provide an overview of the company’s innovative work leveraging the power of artificial intelligence and additive manufacturing in the drug discovery and development process.
Welcome to the future of personalized medicine for mental illness.
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.
