The Weekly Bull Report – May 31, 2020 🗞- Coronavirus Cases Lowering

Welcome to the 106th edition of The Weekly Bull Report.

A shame to see all these protests riots in the US… We should be celebrating and applauding the incredible achievement by Elon Musk’s SpaceX and NASA. 👏

Coronavirus infections and deaths continue to decrease in the US, the overall trend is now downward. ❤

Here’s a short list of content we found interesting and informative over the past week…

IBR-Newsletter-Internet-Bull-Report-coronavirus


🤔 Interesting Articles & News:

POLITICS

ECONOMICS

  • Renault axes 15,000 jobs in cost-cutting reboot.
  • Elon Musk has earned the first tranche of his performance-based pay for being CEO of Tesla. Musk, who doesn’t draw a salary, has been awarded $775 million in as an award for the stock hitting milestones.💰
  • Another 2.1 million Americans filed for unemployment benefits last week, bringing the total job losses since the pandemic began to 41 million, or about one in four employed adults.

CULTURE

SOCIETY

TECHNOLOGY

MEDICINE & SCIENCE

CANNABIS & MUSHROOMS

SPORTS

 

We recommend The Palm Group:

The Palm Group are experts in Palm Beach real estate and can help find your dream home in the sun. See more here. 🌴🏡


 

💲 Noteworthy Stocks & Assets:

  • Carl Icahn sold his entire stake of 55.34M common shares in Hertz (NYSE:HTZ) for $0.72 per share. His six-year bet on Hertz cost him about $1.6B.

 

Weekly Market Movement Wrap

U.S. Indices
Dow +3.8% to 25,383. S&P 500 +3% to 3,044. Nasdaq +1.8% to 9,490. Russell 2000 +2.6% to 1,391. CBOE Volatility Index -2.3% to 27.51.

S&P 500 Sectors
Consumer Staples +2.9%. Utilities +4.9%. Financials +7.9%. Telecom -0.1%. Healthcare +2.1%. Industrials +6.7%. Information Technology +0.2%. Materials +4.6%. Energy +1.1%. Consumer Discretionary +1.3%.

World Indices
London +1.4% to 6,077. France +5.6% to 4,695. Germany +4.6% to 11,587. Japan +7.3% to 21,878. China +1.4% to 2,852. Hong Kong +0.1% to 22,961. India +5.7% to 32,424.

Commodities and Bonds
Crude Oil WTI +6.3% to $35.34/bbl. Gold -0.2% to $1,731.6/oz. Natural Gas +6.2% to 1.839. Ten-Year Treasury Yield +0.1% to 139.33.

Forex and Cryptos
EUR/USD +1.85%. USD/JPY +0.19%. GBP/USD +1.46%. Bitcoin +2.6%. Litecoin +0.3%. Ethereum +6.%. Ripple -1.9%.

Top Stock Gainers
Arca Biopharma (NASDAQ:ABIO) +233%.
Mersana Therapeutics (NASDAQ:MRSN) +127%.
Esports Entertainment (OTC:GMBL) +107%.
Navidea Biopharmaceuticals (NYSEMKT:NAVB) +106%.
Adaptimmune (NASDAQ:ADAP) +89%.

Top Stock Losers
Minerva Neurosciences (NASDAQ:NERV) -75%.
Canaan (NASDAQ:CAN) -41%.
LA Jolla Pharma (NASDAQ:LJPC) -34%.
Aerocentury (NYSEMKT:ACY) -32%.
Arcturus Therapeutics (NASDAQ:ARCT) -28%.

Earnings spotlight: Dick’s Sporting Goods (NYSE:DKS), Tiffany (NYSE:TIF), CrowdStrike (NASDAQ:OTC:CRWD) and Zoom Video (NASDAQ:ZM) on June 2; American Eagle Outfitters (NYSE:AEO), Campbell Soup (NYSE:CPB), Canada Goose (NYSE:GOOS) and G-III Apparel (NASDAQ:GIII) on June 3; Broadcom (NASDAQ:AVGO), Ciena (NYSE:CIEN), DocuSign (NASDAQ:DOCU), Gap (NYSE:GPS), MongoDB (NASDAQ:MDB) and Slack (NYSE:WORK) on June 4: Kandi Technologies (NASDAQ:KNDI) on June 5

 


🎯 Stocks On Our Radar:

 


🏆 Quotes That Inspire Us:

  •  “Never underestimate the power of stupid people in large groups.” – George Carlin

 


📖 Word Of The Week:

  • Anecdotal adj. Based on casual observations or indications rather than rigorous or scientific analysis: “There is anecdotal evidence that the stock will soon double in price.”

 


 Did You Know: 

  • A jar of Nutella is sold every 2.5 seconds across 75 countries. 🥜

 


📽 A Must Watch & Listen:

  • Barry Ritholtz speaks with David Rosenberg, who is president of Rosenberg Research & Associates Inc. From 2002 to 2009, he was chief North American economist at Merrill Lynch in New York.

 


📚 Books We Are Reading:

5 books on leadership and resilience Bill Gates thinks everyone should read this summer.

  1. The Choice by Edith Eva Eger
  2. The Great Influenzaby John Barry
  3. Cloud Atlas by David Mitchell
  4. The Ride of a Lifetime by Robert Iger
  5. Good Economics for Hard Times by Abhijit Banerjee and Esther Duflo

 


🤣 One Liners:

  • @sammorril: Just got disconnected from a friend on FaceTime and neither of us called the other one back. That’s real friendship.

 


📆 Upcoming Events:

  • Psychedelics and Our Sense of Self: Implications for the Treatment of Depression
  • June 30, 2020 – 11am EDT / 4pm BST / 5pm CEST

 

Sign up for free here.

Psychedelics and Our Sense of Self: Implications for the Treatment of Depression


 

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 Resultado de imagen de twitter logo

 

Luka Marjanovic

Partner

Luka holds a Bachelor’s in International Business and a Master’s in International Management. During his undergraduate studies he founded his own consulting firm, providing services to local SME's in various sectors; following and investing in the capital markets; as well as working as a research assistant in the field of Big Data. Prior to his education, he served as Second Sergeant in the Danish Royal Army, leading and managing a group, under extreme pressures and conditions. Luka has spent significant time abroad, living and working in seven different countries. When he's not in the office, he's chasing the next gusts windsurfing, carving the mountain snowboarding or out in the forest for a jog.

No Comments Yet

Comments are closed