Hump Day Produces More Green For Majors – $AAPL, $INMB, $NEGG & $NBSE Move Higher

Happy Hump Day!

I hope all is well with you and that the markets treated you well as the majors were up across the board on Hump Day. The S&P 500 closed at 4,358.13 (+.34%), the Dow 30 closed at 34,681.79 (+.30%) & the Nasdaq eked out another small win closing at 14,665.06 (+.01%). Four large and highly weighted components of the large cap dominated indices helped to push them in to the green including Apple (AAPL) closing at $144.57, +1.8%, Amazon (AMZN) closing at $3,696.58, .6%, Alphabet (GOOG) closing at $2,601.55, +.2% & Microsoft (MSFT) closing at $279.93, +.8%. The FOMC minutes were released today, which did not reveal any new hawkish sentiment & helped to support their current low interest rate position and the market.  However, the smalls on the Russell 200o hung out in negative land throughout the day and closed lower again at 2,252.85 (-.95%) as did the microchips, which moved significantly lower for the second day in a row as evidenced by the iShares Micro-Cap ETF (IWC) that closed at $146.76, -1.54%, which now represents a nearly 4% drop in the first 2 days of the week.

A couple of macroeconomic reports also surfaced today including the job openings report, which confirmed a rise to 9.209M in May & the weekly MBA Mortgage Applications Index report that also showed a 1.8% drop. Tomorrow, the macroeconomic schedule will produce the weekly Initial and Continuing Claims report & the Consumer Credit report for May.

The energy sector fell 1.7% as oil prices closed at $72.18/bbl off also 1.7%. It was widely reported today that the U.S. Energy Information Administration reduced its 2021 world oil demand growth forecast by 80k barrels/day to 5.33M bpd.

The 10-yr treasury yield dropped 5 basis points to close at 1.32% & 2-yr yield rose 1 basis point & close at .22%. The U.S. Dollar Index rose .2% to 92.71. 

BIOTECH SHARPLY LOWER – INMB MOVES Higher!

The SPDR S&P Biotech ETF (XBI) closed sharply lower again today at $133.59, -2.15%, confirming a 4.59% drop in 2-days. The iShares Nasdaq Biotechnology ETF (IBB) closed at $161.43, -.88% & the NYSE ARCA Biotech Index (^BTK) closed at 5,869.41, -.48%. 

Shares of VP Watchlist stock, InMune Bio (NASDAQ: INMB) moved up nicely today closing at $19.75, +10.64% after hitting $20.09 in intraday trading. A Maxim Group analyst also raised his target price from $32 to $42 today. Shares of INMB have an approximately 20% short position and with only 15,125,171shares outstanding currently & relatively high insider ownership coupled with the fact that the company is well funded (closed Q1/2021 with cash of $45.3M) this biotech represents an interesting opportunity for a short squeeze with multiple milestones across its platform including its XPro1595,  a PEGylated protein that selectively neutralizes human soluble TNF (sTNF), an inflammatory cytokine found to be elevated in the cerebrospinal fluid (CSF) and brain (post-mortem) of patients with Alzheimer’s disease and other neurodegenerative disorders.

Shares of NeuBase Therapeutics (NASDAQ: NBSE) may have found a floor yesterday as it dipped to $4.10 and then closed nicely higher today at $4.37, +2.34% and has now legged higher in the aftermarkets at $4.449, up another +1.83% on 250,394 shares of trading. 

MEMES REPORT

AMC Entertainment (AMC) continues to drift lower as it closed at $45.o7, -9.79%.  Has this infamous memestock lost its luster?

GameStop (GME) also closed at $190.66, -4.46%. Ditto…

Shares of Newegg Commerce, Inc. (NEGG) experienced another monster move today closing up 148.42% at $67.57 after reaching $79.07 in intraday trading following yesterday’s 41.67% jump. Today, NEGG announced that offers professional PC assembly to customers who design their own computers on the Newegg PC Builder. The Company’s build-to-order (BTO) offering takes advantage of Newegg’s ENIAC in-house computer assembly service to build and deliver fully assembled computers significantly faster than other competitive BTO offerings. By the way, NEGG represents that it is headquartered in the City of Industry, California & is a leading tech-focused e-retailer in North America and serves a global customer base throughout Europe, Asia Pacific, Latin America and the Middle East. Founded in 2001, the company offers direct sales and an online marketplace platform for PC and IT hardware, consumer electronics, automotive, gaming products and finished goods. Newegg also offers an extensive portfolio of technology, marketing, logistics and other partner services to help companies grow their business. For more information, please visit https://www.newegg.com/.

TESLA

 Tesla (TSLA) simmered down again today closing at $644.65, -2.26%. On July 2nd, Tesla reported that they produced and delivered over 200,000 vehicles. 

NVDA 

NVIDIA (NVDA) closed at $814.87, -1.58% today.

VP WATCHLIST HIGHLIGHTS

Our complete VP Watchlist is a list that we believe deserves consideration for short term and long term portfolio adds that include Apple, Tesla, & seven other names current. The dedicated pages for each of these companies will enable you to stay informed and learn more about these companies daily.

Please review few of the updates on a few of the VP Watchlist companies below:

Economic Reports

• On Monday, the macroeconomic schedule produced the ISM Non-Manufacturing Index report for June which confirmed a drop to 60.1% & the final reading for the June IHS Markit Services PMI report which also came in lower at 64.6.
• On Tuesday, the job openings report confirmed a rise to 9.209M in May. The weekly MBA Mortgage Applications Index report also showed a 1.8% drop. 

Investing & Inspiration

1. “It is indeed true that the stock market can forecast the business cycle.” -Paul Samuelson

2. “The wisest rule in investment is: when others are selling, buy. When others are buying, sell. Usually, of course, we do the opposite. When everyone else is buying, we assume they know something we don’t, so we buy. Then people start selling, panic sets in, and we sell too.” – Jonathan Sacks

3. “What lies behind you and what lies in front of you, pales in comparison to what lies inside of you.” – Ralph Waldo Emerson
4. “Each new generation born is in effect an invasion of civilization by little barbarians, who must be civilized before it is too late.” – Thomas Sowell
5. “Life is 10% what happens to you and 90% how you react to it.” – Charles R. Swindoll
6. “The truth is you don’t know what is going to happen tomorrow. Life is a crazy ride, and nothing is guaranteed.” – Eminem

7. “View health as an investment, not an expense.” – John Quelch

8. “Opportunity does not knock, it presents itself when you beat down the door.” – Kyle Chandler

9. “If you don’t know where you are going, any road will get you there.” – Lewis Carroll
10. “Once you replace negative thoughts with positive ones, you’ll start having positive results.” – Willie Nelson
11. “That which does not kill us makes us stronger.” – Friedrich Nietzsche
12. “Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less.” – Marie Curie
13. “A problem is a chance for you to do your best.”–  Duke Ellington
14. “The best way to predict the future is to create it.” -Peter Drucker
15. “I’m involved in the stock market, which is fun and, sometimes, very painful.” – Regis Philbin
16. “Who owns the future? This is the question at the heart of every stock market.” – John Landgraf
17. “One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.” – William Feather
18. “While I’m sure some millennials are concerned with the ethical issues involved in mining for diamonds, the main reason they steer clear of the gems is because, well, they’re a dumb investment.” – Ana Kasparian
19. “The wisest rule in investment is: when others are selling, buy. When others are buying, sell. Usually, of course, we do the opposite. When everyone else is buying, we assume they know something we don’t, so we buy. Then people start selling, panic sets in, and we sell too.” – Jonathan Sack
20. “We must shift our thinking away from short-term gain toward long-term investment and sustainability, and always have the next generations in mind with every decision we make.” –  Deb Haaland
21. “The only way to have a friend is to be one.” –  Ralph Waldo Emerson
22. “If you believe in yourself and have dedication and pride – and never quit, you’ll be a winner. The price of victory is high but so are the rewards.” – Bear Bryant

23. “Investing in women’s lives is an investment in sustainable development, in human rights, in future generations – and consequently in our own long-term national interests.” -Liya Kebede

24. “Success is not final, failure is not fatal: it is the courage to continue that counts.”– Winston Churchill

25. “Our greatest glory is not in never falling, but in rising every time we fall.” – Confucius

26. “Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” – Archimedes
27. “Who controls the past controls the future. Who controls the present controls the past.” – George Orwell
28. “If you get up in the morning and think the future is going to be better, it is a bright day. Otherwise, it’s not.” – Elon Musk
29. “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward
30. “Start where you are. Use what you have. Do what you can.” – Arthur Ashe
31. “Netflix, Amazon, iTunes – whatever platforms emerge – we are looking at as having the same potential that home video had for the movie business. Which means there are entirely new opportunities to monetize our capital investment in content and do so in ways that work for distributors, for consumers and for creators.” – Bob Iger

32. “When you have no one to answer to, vendetta as investment strategy is as legitimate as anything.” – Carl Icahn

33. “No other investment yields as great a return as the investment in education. An educated workforce is the foundation of every community and the future of every economy.” – Brad Henry
34. “In my view, the biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital. Not only is the mere drop in stock prices not risk, but it is an opportunity. Where else do you look for cheap stocks?” – Li Lu

35. “Modern medical advances have helped millions of people live longer, healthier lives.

36. We owe these improvements to decades of investment in medical research.”– Ike Skelton

37. “Stock market goes up or down, and you can’t adjust your portfolio based on the whims of the market, so you have to have a strategy in a position and stay true to that strategy and not pay attention to noise that could surround any particular investment.” – John Paulson

38. “Your mindset matters. It affects everything – from the business and investment decisions you make, to the way you raise your children, to your stress levels and overall well-being.” – Peter Diamandis
39. “Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.” – Kevin Brady
40. “Bitcoin, in the short or even long term, may turn out be a good investment in the same way that anything that is rare can be considered valuable. Like baseball cards. Or a Picasso.” – Andrew Ross Sorkin
41. “I think you have to learn that there’s a company behind every stock and there’s only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.” – Peter Lynch
42. “Historically, there has been a bull market in the commodities every 20 or 30 years.” – Jim Rogers
43. “The markets generally are unpredictable, so that one has to have different scenarios. The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.” – George Soros
44. “Stop trying to predict the direction of the stock market, the economy or the elections.” – Warren Buffett
45. “An important key to investing is to remember that stocks are not lottery tickets.” – Peter Lynch
46. “Learn everyday, but especially from the experiences of others. It’s cheaper!” – John Bogle
47. “When purchasing depressed stock in troubled companies, seek out the ones with the superior financial positions and avoid the ones with loads of bank debt.” – Peter Lynch
48. “No stock price is too low for bears or too high for bulls.” – John F. Heerdink, Jr.

49. “Investment is most successful when it is most businesslike.” – Ben Graham

50. “Value stocks are about as exciting as watching grass grow, but have you ever noticed just how much your grass grows in a week?” – Christopher Browne

51. “Even the intelligent investor is likely to need considerable willpower to keep from following the crowd.” – Benjamin Graham
52. “Individual who cannot master their emotions are ill-suited to profit from the investment process.” – Benjamin Graham
53. “I made my first investment at age eleven. I was wasting my life until then.” – Warren Buffet
54. “I don’t look to jump over seven-foot bars; I look around for one-foot bars that I can step over.” — Warren Buffett
55. “There are only three measurements that tell you nearly everything you need to know about your organization’s overall performance: employee engagement, customer satisfaction, and cash flow. It goes without saying that no company, small or large, can win over the long run without energized employees who believe in the mission and understand how to achieve it.” – Jack Welch, former CEO of GE
56. “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble” ― Warren Buffett
57. “If you buy things you do not need, soon you will have to sell things you need.” – Warren Buffet
58. “How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” — Robert G. Allen
59. “It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.” – Warren Buffett
60. “A market downturn doesn’t bother us. It is an opportunity to increase our ownership of great companies with great management at good prices.” — Warren Buffett
61. “Every once in a while, the market does something so stupid it takes your breath away.” — Jim Cramer
62. “The person who starts simply with the idea of getting rich won’t succeed; you must have a larger ambition.” — John D. Rockefeller
63. “Know what you own, and know why you own it.” – Peter Lynch
64. “Although it’s easy to forget sometimes, a share is not a lottery ticket… it’s part ownership of a business.” – Peter Lynch
65. “Wise spending is part of wise investing. And it’s never too late to start.” – Rhonda Katz

66. “Invest for the long haul. Don’t get too greedy and don’t get too scared.” – Shelby M.C. Davis

67. “Fear incites human action far more urgently than does the impressive weight of historical evidence.”
    -Jeremy Siegel
68. “With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future.” — Carlos Slim Helu
69. “If we like a business, we’re going to buy as much of it as we can and keep it as long as we can. And when we change our mind, we don’t take half measures.” – Warren Buffett

70. “The most contrarian thing of all is not to oppose the crowd but to think for yourself.” — Peter Thiel

71. “Never depend on a single income, make an investment to create a second source.” Warren Buffet

72. “Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.”
    ― Warren Buffett
73. “The key to making money in stocks is not to get scared out of them.” – Peter Lynch
74. “Courage taught me no matter how bad a crisis gets … any sound investment will eventually pay off.” — Carlos Slim Helu
75. “Investing puts money to work. The only reason to save money is to invest it.” – Grant Cardone
76. “As time goes on, I get more and more convinced that the right method of investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes.” — John Maynard Keynes
77. “Given a 10% chance of a 100 times payoff, you should take that bet every time.” — Jeff Bezos
78. “Money is always eager and ready to work for anyone who is ready to employ it.” ― Idowu Koyenikan
79. “The secret to investing is to figure out the value of something – and then pay a lot less.” – Joel Greenblatt
80. “We don’t have an analytical advantage, we just look in the right place.” – Seth Klarman
81. “Men, it has been well said, think in herds. It will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.” – Charles Mackay
82. “It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” – George Soros
83. “No Price is too low for a bear or too high for a bull.” — Anonymous
84. “Investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future.” Anonymous
85. “Behind every stock is a company. Find out what it’s doing.” — Peter Lynch
86. “Wise spending is part of wise investing. And it’s never too late to start.” –Rhonda Katz
87. “It amazes me how people are often more willing to act based on little or no data than to use data that is a challenge to assemble.” ― Robert Shiller
88. “A bull market is like sex. It feels best just before it ends.” — Barton Biggs
89. “The investor’s chief problem — even his worst enemy — is likely to be himself.” — Benjamin Graham
90. “No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation.” – Robert Rhea
91. “Money is like a sixth sense – and you can’t make use of the other five without it.” – William Somerset Maugham
92. “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” — Albert Einstein
93. “Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results” — Warren Buffett
94. “The stock market is a device for transferring money from the impatient to the patient.” – Warren Buffett
95. “Thousands of experts study overbought indicators, head-and-shoulder patterns, put-call ratios, the Fed’s policy on money supply…and they can’t predict markets with any useful consistency, any more than the gizzard squeezers could tell the Roman emperors when the Huns would attack.” – Peter Lynch
96. “Investing puts money to work. The only reason to save money is to invest it.” – Grant Cardone
97. “You cannot save time for your future use however you can invest time for your future.” – John F. Heerdink, Jr. 
98. “Know what you own, and know why you own it.” – Peter Lynch
99. “Liquidity is only there when you don’t need it.” -Old Proverb
100. “If you want to be a millionaire, start with a billion dollars and launch a new airline.” – Richard Branson
101. “Fear incites human action far more urgently than does the impressive weight of historical evidence.” – Jeremy Siegel
102. “In investing, what is comfortable is rarely profitable.” – Robert Arnott
103. “Spend each day trying to be a little wiser than you were when you woke up.” – Charlie Munger
104. “The entrance strategy is actually more important than the exit strategy.” – Edward Lampert
105. “The rivers don’t drink their own water; Trees don’t eat their own fruits. The sun does not shine for itself, And flowers do not spread their fragrance For themselves. Living for others is a rule of nature” – Pope Francis
106. “It is impossible to produce superior performance unless you do something different from the majority.” – John Templeton
107. “An investment in knowledge pays the best interest.” – Benjamin Franklin.
108. “I believe the returns on investment in the poor are just as exciting as successes achieved in the business arena, and they are even more meaningful!” -Bill Gates
109. “Every portfolio benefits from bonds; they provide a cushion when the stock market hits a rough patch. But avoiding stocks completely could mean your investment won’t grow any faster than the rate of inflation.” – Suze Orman
110. “The tax on capital gains directly affects investment decisions, the mobility, and flow of risk capital… the ease or difficulty experienced by new ventures in obtaining capital, and thereby the strength and potential for growth in the economy.” – John F. Kennedy
111. “If all the economists were laid end to end, they’d never reach a conclusion. -George Bernard Shaw
112. “There are old traders and there are bold traders, but there are very few old, bold traders.”-Ed Seykota
113. “Let this scenario play out on its own, in its own fashion. As you watch it unfold, you will soon be grateful that you choose the peaceful path. Remember — those who live by the sword, die by the sword.”
114. “As long as you enjoy investing, you’ll be willing to do the homework and stay in the game.” -Jim Cramer
115. “I rarely think the market is right. I believe non-dividend stocks aren’t much more than baseball cards. They are worth what you can convince someone to pay for it.” -Mark Cuban
116. “Michael Marcus taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael taught me about making your best judgment, being wrong, making your next best judgment, being wrong, making your third best judgment, and then doubling your money.” -Bruce Kovner
117. “The policy of being too cautious is the greatest risk of all.” -Jawaharlal Nehru
118. “The only true test of whether a stock is “cheap” or “high” is not its current price in relation to some former price, no matter how accustomed we may have become to that former price, but whether the company’s fundamentals are significantly more or less favorable than the current financial-community appraisal of that stock.” -Philip Fisher
119. “I learned to avoid trying to catch up or double up to recoup losses. I also learned that a certain amount of loss will affect your judgment, so you have to put some time between that loss and the next trade.” -Richard Dennis
120. “The four most dangerous words in investing are: ‘this time it’s different.” -Sir John Templeton
121. “Money doesn’t make you happy. I now have $50 million but I was just as happy when I had $48 million.” -Arnold Schwarzenegger