Russell 2000 Rules During Record Setting Week – $DIS $F $FATE $NVDA $PFE $TSLA Rise
Happy Weekend All!
I hope that you all had a wonderful week and that your investment accounts all increased beyond your expectations once again as the broad markets experienced a record setting week. The small caps on the Russell 2000 led all indices jumping an amazing 6.1% while closing at 2,437.08 and is now up 23.4% YTD. The S&P 500 also closed at 4,697.53 (+2%) setting a another new record high & is now up 25.1% YTD, the Dow 30 closed at 36,327.95 (+1.4%) also setting a new record high & is now up 18.7% YTD, and the Nasdaq experienced another strong week and closed at 15,971.59 (+3.1%) and is now up 23.9% YTD. The MicroCaps also powered forward as the iShares Micro-Cap ETF (IWC) closed at $156.29, +5.93% for the week, and is up +31.72% YTD. 9 of the 11 sectors finished the week in the green, with the communication discretionary, information technology & the materials sectors leading the way, both with 5-3% gains, while the two that dropped were the health care sector that was hampered by price control government discussions and the financials sector which saw interest rates retreat with t10-yr yield closing at 1.45%, down another 11 basis points wk/wk and the 2-yr yield closed at .49%, up 2 basis points.
A myriad of bullish oriented drivers surfaced this week, including arguably the most important one that was made by the Fed who decided to keep interest rates near zero, while also committing to taper net asset purchases by $15B this month; moves that were somewhat expected. The Fed also reemphasized that in order for rates to be raised, we would need to reach maximum employment, while also restating that inflation pressures are truly transitory at best. In addition, a number of quarterly earnings reports continued to roll in this week from marquis names with the vast majority exceeding expectations including NVIDIA (NVDA) & Qualcomm (QCOM). Also, making the market and possibly the world feel safer, Pfizer (PFE) stated that its COVID-19 oral antiviral interim data proved to reduce the risk of hospitalization or death by 89% and its shares rose $48.61, +10.86% on Friday.
A number macroeconomic reports also surfaced including the ISM Non-Manufacturing Index report for October, which confirmed a rise to 66.7%, while the factory orders for manufactured goods report confirmed a rise by .2% M/M in September. The ADP Employment Change report approximated that 571k jobs were added to private-sector payrolls in October. The IHS Markit Services PMI report confirmed a rise to 58.7 in the final reading for October. The weekly MBA Mortgage Applications Index report confirmed drop by 3.3%. The weekly crude oil inventories was confirmed to have risen by 3.29M barrels (a rise for a second consecutive weeks) & OPEC+ agreed to keep their current production schedule in place though December and oil prices fell 2.5% weekly to close at $81.52/bbl, but are still up 68% YTD. On Thursday, the Initial jobless claims for the week ending October 30 fell by 14k to 269k, while continuing claims for the week ending October 23 fell by 134k to 2.105 million. However, Q3 productivity dropped by 5%, while unit labor costs jumped by an annual rate of 8.3%. The September trade deficit also worsened coming in a record $80.9B. On Friday, the October nonfarm payrolls rose by 531k. The 3-month average for total nonfarm payrolls fell to 442k , while September nonfarm payrolls were revised to 312k. October private sector payrolls rose by 604k & September private sector payrolls were revised to 365k. the October unemployment rate came in at 4.6%, while persons unemployed for 27 weeks or more accounted for 31.6%. The U6 unemployment rate was 8.3% down from September. October average hourly earnings rose by .4%. Over the last 12 months, average hourly earnings have risen 4.9%. The average workweek in October was 34.7 hours & the manufacturing workweek slipped by .1 hours to 40.3 hours & factory overtime fell equally by .1 hours to 3.2 hours. Consumer credit also rose by $29.9B in September.
The U.S. Dollar Index ticked higher to end at 94.20 moving up from the 94.13 mark last week.
Next week, the macroeconomic schedule will serve the inflation data report and the hourly earnings report.
STORIES YOU MAY HAVE MISSED
Goldman Sachs Promotes Diversity In Hiring
Apple Prioritizes Production Of iPhone 13 Over iPad Amid Global Chip Crunch
Biotech Giant Amgen Releases Q3 Earnings
Apple Reported Revenue of $83.36B Versus $84.68B Expectations
Surprise! Chevron Reports ‘Best Ever’ Cash Flow As Oil & Gas Prices Fly Upward
EV, TECH, CONSUMER
Apple (AAPL) closed at $151,28, +.99% over the last 5-days. On Oct. 28th Apple® announced financial results for its fiscal 2021 fourth quarter ended September 25, 2021 and reportedly falling short of Wall Street’s expectations. The Company posted a September quarter revenue record of $83.4 billion, up 29 percent year over year, and quarterly earnings per diluted share of $1.24. Tim Cook, Apple’s CEO stated, “This year we launched our most powerful products ever, from M1-powered Macs to an iPhone 13 lineup that is setting a new standard for performance and empowering our customers to create and connect in new ways. We are infusing our values into everything we make — moving closer to our 2030 goal of being carbon neutral up and down our supply chain and across the lifecycle of our products, and ever advancing our mission to build a more equitable future.” Luca Maestri, Apple’s CFO stated, “Our record September quarter results capped off a remarkable fiscal year of strong double-digit growth, during which we set new revenue records in all of our geographic segments and product categories in spite of continued uncertainty in the macro environment. The combination of our record sales performance, unmatched customer loyalty, and strength of our ecosystem drove our active installed base of devices to a new all-time high. During the September quarter, we returned over $24 billion to our shareholders, as we continue to make progress toward our goal of reaching a net cash neutral position over time.” Apple’s board of directors has declared a cash dividend of $0.22 per share of the Company’s common stock. The dividend is payable on November 11, 2021 to shareholders of record as of the close of business on November 8, 2021.
Shares of IronNet, Inc. (IRNT), an innovative leader transforming cybersecurity through Collective Defense, closed at $11.22 rose +26.40%, Recently, IronNeet announced that it has joined the Microsoft Intelligent Security Association (MISA), a nomination-only association, demonstrating IronNet’s long-term commitment with Microsoft to deliver better security solutions to customers. As a Microsoft partner, IronNet, through its innovative Collective Defense platform, empowers Microsoft customers to execute safe and seamless migrations to the cloud amidst the increasing volume of highly-aggressive and sophisticated cyberattacks. IronNet Founder and Co-CEO, General (Ret.) Keith Alexander, “As we continue to see an increase in malicious cyberattacks against both the public and private sectors, we are pleased to join the Microsoft Intelligent Security Association to advance how we defend together. MISA’s mission directly aligns with our mission at IronNet: to develop integrated and innovative ways to better defend together against an evolving cyber threat landscape.” Shares if IRNT jumped to $16.34, +58.64% after hitting intraday high of $17 share on Wednesday. Our same day purchased Feb 18, 2020 $20 calls ran from $.60 to well over $3 that day.
Amazon (AMZN) closed at $3,518.99, +4.35% for the week. Recently, Amazon announced their financial results for its third quarter ended September 30, 2021 missing expectations as they continued to make investments across their massive platform, etc. Operating cash flow decreased 1% to $54.7 billion for the trailing twelve months, compared with $55.3 billion for the trailing twelve months ended September 30, 2020. Free cash flow decreased to $2.6 billion for the trailing twelve months, compared with $29.5 billion for the trailing twelve months ended September 30, 2020. Free cash flow less principal repayments of finance leases and financing obligations decreased to an outflow of $8.8 billion for the trailing twelve months, compared with an inflow of $18.4 billion for the trailing twelve months ended September 30, 2020. Free cash flow less equipment finance leases and principal repayments of all other finance leases and financing obligations decreased to an outflow of $3.9 billion for the trailing twelve months, compared with an inflow of $17.9 billion for the trailing twelve months ended September 30, 2020. Common shares outstanding plus shares underlying stock-based awards totaled 523 million on September 30, 2021, compared with 518 million one year ago. Net sales increased 15% to $110.8 billion in the third quarter, compared with $96.1 billion in third quarter 2020. Excluding the $0.5 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 15% compared with third quarter 2020. Operating income decreased to $4.9 billion in the third quarter, compared with $6.2 billion in third quarter 2020. Net income decreased to $3.2 billion in the third quarter, or $6.12 per diluted share, compared with $6.3 billion, or $12.37 per diluted share, in third quarter 2020. “We’ve always said that when confronted with the choice between optimizing for short-term profits versus what’s best for customers over the long term, we will choose the latter—and you can see that during every phase of this pandemic,”said Andy Jassy, Amazon CEO.
VP Watchlist company Tesla (TSLA) closed $1,222.09, +9.7% over the last 5-days & is valued at $1.23T. On Oct 25, Hertz’ (HTZZ, $27.01, -1.06%) announced that they are making a significant investment to offer the largest EV rental fleet in North America and one of the largest in the world, which includes an initial order of 100,000 Tesla’s (+$4B investment) by the end of 2022 and new EV charging infrastructure across the company’s global operations. However, this week Elon Musk apparently stated that there is no signed contract with Heartland that it would not have any economic impact. Last week, Tesla also released its financial results for the third quarter of 2021 they topped estimates but this win was a surprise. Tesla’s revenues came in at $13.76 billion vs. $13.91 billion expected, $8.77 billion Y/Y & Adjusted earnings per share came in at $1.86 vs. $1.67 expected, 76 cents Y/Y. Tesla also reconfirmed the company’s guidance that it will achieve 50% average annual growth in vehicle deliveries over a stated multi-year horizon.
Shares of Ford (F) closed at $19.29, +12.94% over the last 5-days. On Oct, 27, Ford Motor Company (F) reported its 2021 third quarter financial results after the markets closed. Ford generated quarterly revenue of $35.7 billion, net income of $1.8 billion, adjusted EBIT of $3.0 billion; North America auto EBIT margin of 10.1%/. Ford increased guidance for full-year 2021 adjusted EBIT to between $10.5 billion and $11.5 billion & expects cash flow over current planning period to be more than sufficient to fund growth priorities; announces resumption of regular stock dividend in fourth quarter. Shares of Ford have trade up to $16.85, +8.58% in the aftermarkets!
Shares of Lucid Group (LCID) jumped 13%% over the last 5-days to close at $41.80. Lucid will host a conference call to discuss its third quarter 2021 results on Monday, November 15, 2021 at 2:00 pm PT / 5:00 pm ET. The company will issue an earnings press release with the dial-in number and a link to the live webcast on its investor relations website at ir.lucidmotors.com prior to the conference call. Lucid’s mission is to inspire the adoption of sustainable energy by creating the most captivating electric vehicles, centered around the human experience. The company’s first car, Lucid Air, is a state-of-the-art luxury sedan with a California-inspired design underpinned by race-proven technology. Lucid Air features a luxurious full-size interior space in a mid-size exterior footprint. Customer deliveries of Lucid Air, which is produced at Lucid’s new factory in Casa Grande, Arizona, will begin on October 30, 2021.
Facebook (FB) closed at $341.13, +5.43% this week. On Oct. 25, Facebook, Inc. (Nasdaq: FB) reported financial results for the quarter ended September 30, 2021. “We made good progress this quarter and our community continues to grow,” said Mark Zuckerberg, Facebook founder and CEO. “I’m excited about our roadmap, especially around creators, commerce, and helping to build the metaverse.” Facebook daily active users (DAUs) – DAUs were 1.93 billion on average for September 2021, an increase of 6% year-over-year, Facebook monthly active users (MAUs) – MAUs were 2.91 billion as of September 30, 2021, an increase of 6% year-over-year, Family daily active people (DAP) – DAP was 2.81 billion on average for September 2021, an increase of 11% year-over-year, Family monthly active people (MAP) – MAP was 3.58 billion as of September 30, 2021, an increase of 12% year-over-year, Capital expenditures – Capital expenditures, including principal payments on finance leases, were $4.54 billion for the third quarter of 2021, Share repurchases – We repurchased $14.37 billion of our Class A common stock in the third quarter and had $7.97 billion remaining on our prior share repurchase authorization as of September 30, 2021. We also announced today a $50 billion increase in our share repurchase authorization, Cash and cash equivalents and marketable securities – Cash and cash equivalents and marketable securities were $58.08 billion as of September 30, 2021, & Headcount was 68,177 as of September 30, 2021, an increase of 20% year-over-year. On Oct. 28th, at Connect 2021, CEO Mark Zuckerberg introduced Meta the new name for Facebook, which he represented brings together their apps and technologies under one new company brand. Meta’s focus will be to bring the metaverse to life and help people connect, find communities and grow businesses. The metaverse will feel like a hybrid of today’s online social experiences, sometimes expanded into three dimensions or projected into the physical world. He further suggests, that will let you share immersive experiences with other people even when you can’t be together — and do things together you couldn’t do in the physical world. It’s the next evolution in a long line of social technologies, and it’s supposedly ushering in a new chapter for their company. Mark shared more about this vision in a founder’s letter.Facebook announced that it is changing its name to stock trading symbol to MVRS on Dec. 1, 2021.
Microsoft (MSFT) closed at $336.06, +1.34% for the week and boasts the largest market cap on the planet at a monster $2.52T! Last week, Microsoft released their Q1 2022 fiscal earnings report. Here are a few of the numbers from the report: Revenue: $45.3 billion versus $43.93 billion expected, Earnings per share: $2.71 versus $2.07 expected, Intelligent Cloud: $16.98 versus $16.58 billion expected, & Productivity & Business processes: $15.04 versus $14.70 billion expected. Satya Nadella, chairman and chief executive officer of Microsoft stated, “Digital technology is a deflationary force in an inflationary economy. Businesses – small and large – can improve productivity and the affordability of their products and services by building tech intensity. The Microsoft Cloud delivers the end-to-end platforms and tools organizations need to navigate this time of transition and change.”
Dow 30 component and global leader in CRM, salesforce.com (CRM), closed at $307.25, +2.52% this week after establishing an all-time new high of $311.38. Recently, Marc and Lynne Benioff announced $200 million in new climate investments toward reforestation and restoration efforts—establishing the first-of-its-kind $100 million Benioff TIME Tree Fund and committing $100 million in investments from TIME Ventures, the Benioffs’ investment fund. Salesforce to give $100 million funding in grants over the next 10 years to nonprofits working on ecosystem restoration and climate justice, donate technology through the Power of Us program, and enable volunteers to deliver 2.5 million volunteer hours to organizations focused on climate action. On Oct. 21, NVIDIA announced its next-generation cloud gaming platform — delivering GeForce RTX™ 3080-class gaming on GeForce NOW™ — available exclusively in a new, high-performance membership tier. The GeForce NOW RTX 3080 membership tier provides gamers with access to the greatest-ever generational leap in GeForce® history, delivering cloud gaming’s highest resolutions and fastest frame rates, paired with the lowest latency. On September 23, salesforce announced a revision to its Fiscal Year 2022 revenue guidance and initiation of Fiscal Year 2023 guidance as of Sept. 23, 2021. The raised FY22 revenue guidance to a range of $26.25 billion to $26.35 billion.
NVIDIA Corporation powered upward this week to close at $297, +16.37% for the week after beating expectations. Highlights included: Record revenue of $6.51 billion, up 68 percent from a year earlier, Record Gaming revenue of $3.06 billion, up 85 percent from a year earlier, & Record Data Center revenue of $2.37 billion, up 35 percent from a year earlier. Learn more here. On Oct. 21, NVIDIA also announced its next-generation cloud gaming platform — delivering GeForce RTX™ 3080-class gaming on GeForce NOW™ — available exclusively in a new, high-performance membership tier. The GeForce NOW RTX 3080 membership tier provides gamers with access to the greatest-ever generational leap in GeForce® history, delivering cloud gaming’s highest resolutions and fastest frame rates, paired with the lowest latency. Each cloud GeForce NOW SuperPOD consists of over 1,000 GPUs that deliver more than 39 petaflops of graphics horsepower. Each instance is 35 teraflops of performance, nearly 3x that of an Xbox Series X.
Cathie Wood’s ARK Innovation ETF (ARKK) closed at $122.29, +.83% for the week.
The Technology Select Sector SPDR Fund (XLK) closed at $167.08, +3.44% for the week.
DISNEY
Disney (DIS) closed at $175.63, +3.14% for the week. Disney will discuss fiscal full year and fourth quarter 2021 financial results via a live audio webcast beginning at 4:30 p.m. ET / 1:30 p.m. PT on Wednesday, November 10, 2021. Results will be released after the close of regular trading on November 10, 2021. To listen to the webcast, please visit www.disney.com/investors.
BIOTECH & HEALTHCARE
The biotech indices experienced volatility again starting the week strongly but ended a sour note on Friday. The Nasdaq Biotechnology ETF (IBB) closed at $156.94, -1.67% for the week, now up 3.6% YTD. The NYSE ARCA Biotech Index (^BTK) closed at 5,616.46, -2.42% for the week and is now down -2.14% YTD. The SPDR S&P Biotech ETF (XBI) on the other hand closed at $131.32, +5.22% for the week and is off 6.72% for the year. The XBI’s 52-wk range is $118.23-$174.79.
Recently, Atossa Therapeutics (ATOS) recently released a short video message recognizing Breast Cancer Awareness Month, and urging women to get mammograms. In the video message, which can be found on Atossa’s website here, Dr. Quay cites that the global pandemic “changed everything” with regard to breast cancer screening, indicating that many women have ceased to seek out their mammograms since the initial COVID-19 outbreak. This is corroborated in an article in the October 2021 issue of the peer-reviewed medical journal, Preventative Medicine, which indicated this was a particular problem in women of color and those who fall in the lower income brackets. On October 23, Dr. Steven Quay CEO of Atossa Therapeutics (NASDAQ: ATOS) published an interesting and informative video called “Long COVID Is An important Issue.” You may view by clicking here now.
I hosted a FREE Tribe Public Presentation and Q&A event with INMB management on September 30, 2021. INmune Bio’s (NASDAQ: INMB) CEO Dr. Raymond J. Tesi, MD and CFO David J. Moss delivered their presentation titled “Improving White Matter Integrity In Alzheimer’s Disease” & and were available for a brief Q&A session. Please view the video that has now been viewed over 24k times to learn more now.
Health Care Select Sector SPDR (XLV) jumped this week to close at $132.86, -.72% over the last 5-days.
Progenity, Inc. (PROG) closed at $3.52. Progenity is a biotechnology company innovating in the fields of women’s health, gastrointestinal health, and oral biotherapeutics. Progenity applies a multi-omics approach, combining genomics, epigenomics, proteomics, and metabolomics to its molecular testing products and to the development of a suite of investigational ingestible devices designed to provide precise diagnostic sampling and drug delivery solutions. Progenity’s vision is to transform healthcare to become more precise and personal by improving diagnoses of disease and improving patient outcomes through localized treatment with targeted therapies. Today Progenity announced the appointment of Jill Howe to its board of directors effective November 3, 2021. Ms. Howe was also appointed chairperson of the Audit Committee and member of the Nominating and Corporate Governance Committee. Jill Howe stated, “It’s an exciting time for Progenity as there is incredible depth and potential in the R&D pipeline. I look forward to working with the team to ensure the company’s potential is valued.” Progenuity will report earnings on November 10th after the close at 4:30pm ET.
GOLD & SILVER MOVE HIGHER
Gold prices closed at $1,820, +$35 for the week & silver prices closed at $24.22, +$.28/oz for the week.
MEMES REPORT
AMC Entertainment (AMC) closed at $41.79, 17.90% over the last 5-days. AMC Theaters, the largest theatrical exhibitor in the United States, in Europe & the Middle East and in the world, announced this week that it is again rewarding its self-identified shareholders through AMC Investor Connect. Existing and new participants who sign up by year-end in AMC Investor Connect will be encouraged to come to AMC movie theatres in the United States in November, December, or January with the offer of another Free Large Popcorn, useable with the purchase of a ticket. This is the second time AMC has made such an offer to its shareholders. The first such time started in June of 2021, with that free large popcorn offer valid through October 31.
GameStop (GME) closed at $213.25,+16.21% for the week.
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) closed at $1.09, -1.8% for the week after announcing its financial results for the third quarter ended September 30, 2021. Highlights of the Third Quarter of 2021: Gross revenues: $50 million in Q3 2021, as compared to $20.4 million in Q3 2020, up 146%, Net Income: $20.1 million in Q3 2021, as compared to $3.6 million in Q3 2020, up 459%, EBITDA1: $30.1 million in Q3 2021, as compared to $12.7 million in Q3 2020, up 137%, Adjusted EBITDA1: $32.2 million in Q3 2021, as compared to $7.8 million in Q3 2020, up 312%.
BITCOIN
Bitcoin $BTC.X closed at $61,333.61, -2.99% this week.
ENERGY
The Energy Select Sector SPDR Fund or ETF (XLE) closed at $58.26, +1.37% over the last five days & 53.72% YTD.
NEXT WEEK
The stock market will enjoy another normal 5-day trading week.
VP WATCHLIST UPDATES
Please review our complete VP Watchlist that includes Apple (AAPL), Disney (DIS), Tesla (TSLA) & a select group of emerging names. The pages will allow you to learn more and keep up with these companies daily.
For now, see the summaries or five of the emerging companies from the VP Watchlist below:
- Shares of INmune Bio, Inc. (NASDAQ: INMB), a clinical-stage immunology company focused on developing treatments that harness a patient’s innate immune system to fight disease, closed at $14.27. The 52-wk range is $7.28 – $30.37.
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- The Maxim Group’s analyst Jason McCarthy confirmed his $42 Price target this week.
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- On Nov. 3rd, INmune Bio (NASDAQ: INMB), a clinical-stage immunology company focused on developing treatments that harness a patient’s innate immune system to fight disease, reported its financial results for the third quarter ended September 30, 2021 and provided a business update including the announcing of a second Phase 2 trial of XPro in Mild Cognitive Impairment (MCI) in addition to previously announced Phase 2 trial in mild Alzheimer’s disease (AD) & Cash and cash equivalents of $84.5 million on September 30th. RJ Tesi, M.D., Chief Executive Officer of INmune Bio stated, “In the first patient treated in our Phase I study of INKmune™ in high-risk myelodysplastic syndrome, INKmune™ was found to safely produce cancer killing memory-like NK cells while increasing proliferation and persistence of those NK cells. As expected, the memory-like NK cells generated in vivo killed NK-resistant cancer cells in vitro. We now have data from Day 73 post first treatment and over 60% of his peripheral blood NK cells remained activated and highly functional in vitro. We are continuing to screen patients for future enrollment and are in the process of expanding the number of clinical trial sites in the UK and overseas. Our latest drug stability data allows us to extend the shelf-life to over 12 months and consequently we initiated a manufacturing scale up to secure drug supplies as the program expands. In our Phase I trial of XPro in AD, we have shown that XPro decreases biomarkers of neuroinflammation and neurodegeneration while improving biomarkers of CNS repair. We hope to demonstrate these effects on cognition in the Phase II mild AD trial that is on track to initiate later this year.” INmune Bio announced that they will deliver multiple poster presentations and a plenary talk at the upcoming 14th Clinical Trials on Alzheimer’s Disease (CTAD) Annual Meeting that is being held during November 9-12 in Boston. For details please visit the following link.
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- Next week, INmune Bio will deliver multiple poster presentations and a plenary talk at the upcoming 14th Clinical Trials on Alzheimer’s Disease (CTAD) Annual Meeting, being held from November 9-12 in Boston. For details please visit the following link.
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- I hosted a FREE Tribe Public Presentation and Q&A event with INMB management, Thursday, September 30 at 8:30am PT/11:30am ET. INmune Bio’s (NASDAQ: INMB) CEO Dr. Raymond J. Tesi, MD and CFO David J. Moss delivered their presentation titled “Improving White Matter Integrity In Alzheimer’s Disease” & and were available for a brief Q&A session. Please view the video that has been viewed over +20k times now to learn more.
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- On Wednesday, Sept. 1, INMB announced that XPro™ (pegipanermin), the Company’s selective DN-TNF inhibitor candidate for the treatment of Alzheimer’s disease (AD), treatment resistant depression, and other neurological diseases where neuroinflammation is implicated, has been found to decrease multiple species of Phospho Tau (pTau) and improve neuroimaging biomarkers of myelination in patients with AD. INmune Bio management will host an investor webinar to review these findings and additional phase 1b data in greater detail on September 7, 2021 at 4:30 pm ET The Registration Link is https://us06web.zoom.us/webinar/register/WN_IlMwrkPGRa63319QM91YFg. Learn more bout INmune Bio (INMB) by clicking here.
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- On Wednesday, Aug. 4th, INmune Bio, Inc. reported its financial results for the second quarter ended June 30, 2021 and provided a business update. Raymond J Tesi, M.D., CEO/CMO of INmuneBio (INMB) stated, “We continue our planning and setup for a Phase 2 clinical trial of our lead candidate, XPRO™ (Xpro1595™), in patients with mild Alzheimer’s disease, which we plan to initiate by year-end. We have already demonstrated that XPRO™ can reduce neuroinflammation and decreases biomarkers of neurodegeneration and improve synaptic function. If successful in Phase 2, we believe XPRO™ has the potential to be among the most significant advancements in the treatment of Alzheimer’s Disease (AD) and other neurodegenerative diseases in many years. At the Alzheimer’s Association International Conference last week, we introduced a new biomarker – Apparent Fiber Density (AFD), a measure of axonal integrity measured by MRI. XPRO™ increases AFD in patients receiving 1mg/kg/week. We believe the novel non-invasive white matter analytics of white matter free water and apparent fiber density will be very useful in the development of XPRO™ in AD, Treatment Resistant Depression (TRD) and the many other CNS indications we hope to attack in the future. Last month, we treated the first patient in the first Phase 1 clinical trial of our NK cell priming platform, INKmune, in high-risk myelodysplastic syndrome (MDS). We are calling INKmune a pseudokine because, in vitro, it converts the resting NK cells into memory-like NK cells that can kill cancer cells as well or better than NK cells treated cytokines such as IL-12, IL-15 and IL-18 alone or in combination.”
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- On July 26th, INmune Bio announced the design of its upcoming Phase 2 clinical trial of XProTM in patients diagnosed with mild Alzheimer’s disease (AD) at AAIC. The announcement was accompanied by the release of additional biomarker data from the Phase 1b AD trial that shows improvement in white matter (myelinated axons) that degenerate in AD patients. READ MORE.
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- On July 22, LUMICKS, a leading next generation life science tools company renowned for its innovative platforms for Dynamic Single-Molecule and Cell Avidity analysis, announced that it has installed its ground-breaking z-Movi® Cell Avidity Analyzer at INmune Bi0. INmune Bio is employing the z-Movi cell avidity analysis platform to demonstrate that the mechanism of action of the tumor-priming is the increase in NK cell:tumor cell avidity. Early data acquired by the z-Movi support their hypothesis that increased cell avidity enhances NK cell killing of tumor cells. This allows screening of batches of INKmune for potency and provides a potential biomarker of in vivo activity by measuring the tumor avidity of NK cells isolated from patients before and after INKmune treatment.
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- On July 14th, INmune Bio announced that it has entered into a definitive agreement with one healthcare focused institutional investor and one family office for the purchase and sale of 1,818,182 shares of its common stock at a price of $22 per share for gross proceeds of approximately $40 million in a registered direct offering. The closing of the offering is expected to occur on or about July 16, 2021, subject to the satisfaction of customary closing conditions. A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering. INmune Bio intends to use the net proceeds from this offering for working capital and general corporate purposes and to advance the development of its product candidates and expand its pipeline. This includes the completion and data readout from the Company’s planned Phase 2 clinical trial of its lead clinical candidate, XPro1595, in patients suffering from Alzheimer’s disease, which is expected to commence by the end of 2021. “With this investment, we expect the Company’s Phase II program in Alzheimer’s disease is completely funded” said RJ Tesi MD, CEO of Inmune Bio.
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- On July 12th, INmune Bio, Inc. announced that the first patient has been treated in the company’s Phase 1 clinical trial of its Natural Killer (NK) cell priming platform, INKmune, as a potential treatment for high-risk myelodysplastic syndrome (MDS). This Phase 1 open label study will enroll nine patients with a confirmed diagnosis of MDS with excess blasts in a 3×3 dose escalation protocol. The primary endpoint is the safety and tolerability of INKmune when administered intravenously. Most secondary endpoints are biomarkers and include the change in percentage of blasts in peripheral blood and bone marrow, the change in autologous NK cell activity and functional maturity into tumor-induced memory-like NK cells in vivo. The overall response rate using WHO criteria, and duration of response will also be reported. READ MORE.
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- The Maxim Group’s analyst confirmed their $42 Price target.
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On June 14th, INMB announced that it had entered into a new $15M credit facility with Silicon Valley Bank (SVB) and an affiliate of SVB Financial Group. INmune intends to use the proceeds from the facility to partially fund the buyout of an option held by Xencor, Inc.(XNCR), resulting from INmune’s in-licensing of XPro1595 (now known by its generic name, pegipanermin) in October 2017. XPro1595 is a next-generation inhibitor of tumor necrosis factor (TNF) that uses a dominant-negativeTNF technology that is very different from approved TNF inhibitors that block the effects of both soluble and trans-membrane TNF. Pegipanermin neutralizes soluble TNF, without affecting trans-membrane TNF or TNF receptors. XPro1595 could have substantial beneficial effects in patients with Alzheimer’s and other neurodegenerative diseases by decreasing neuroinflammation. Total consideration to be paid to Xencor by INmune is $18.3 million, comprised of $15 million of cash and $3.3 million of INMB shares at a price of $17.14 resulting in the issuance of 192,533 shares. Pursuant to the original 2017 in-licensing agreement, INmune granted Xencor an option to purchase an additional number of shares of common stock equal to 10% of INmune’s fully diluted company shares for a period of seven years. The retirement of the Xencor option eliminates an estimated 2.1 million shares of potential future common stock dilution upon exercise of the option.
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- On June 2nd, the United States Adopted Name Council (USAN) has adopted the name “Pegipanermin” for INMB’s lead clinical candidate, XPro1595.
- Shares of InMed Pharmaceuticals, Inc. (NASDAQ: INM), a leading clinical-stage pharmaceutical company developing cannabinoid-based drug candidates for high unmet medical needs and IntegraSyn, a proprietary and cost effective manufacturing approach for synthesized rare cannabinoids, closed at $1.47. Please visit the INM page at our website to learn more and check out the videos section too. The 52-wk range is $1.38 – $8.94.
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- On October 13, InMed announced that they have completed the previously announced acquisition of BayMedica Inc. (“BayMedica”), a private company based in the US specializing in the manufacturing and commercialization of rare cannabinoids for the health and wellness sector. Eric A. Adams, President and Chief Executive Officer of InMed, stated, “We are delighted to close this acquisition and welcome everyone at BayMedica to the InMed team. In the next several weeks, we will focus on corporate integration, exploring our combined manufacturing know-how and looking to accelerate revenue growth. BayMedica brings significant expertise and will help strengthen our pharmaceutical drug development efforts as well as position the Company to become a global leader in the manufacturing of rare cannabinoids.”
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- On September 30, INmed announced that it has commenced its Phase 2 clinical trial of INM-755 (cannabinol) cream in the treatment of Epidermolysis Bullosa (“EB”). This marks the first time cannabinol has advanced to a Phase 2 Clinical trial to be studied as a therapeutic option to treat a disease. This study will be taking place at eleven sites across seven countries including Austria, Germany, Greece, France, Italy, Israel and Serbia. Clinical Trial Applications (“CTAs”) have been filed in all participating countries with regulatory authority and ethics committee approvals currently in place in four countries (Austria, France, Greece, Israel). The first site initiation visit was completed at a clinical site in Austria, where screening for eligible patients will begin shortly. “The start of this Phase 2 clinical trial represents a very important step forward to test the efficacy of INM-755 (cannabinol) cream in treating epidermolysis bullosa, a disease that has very few treatment options,” stated Alexandra Mancini, Senior Vice President of Clinical and Regulatory Affairs at InMed. “Based on our earlier studies, we are hopeful that our cannabinol cream will prove to be a safe and effective treatment for people living with this severe genetic skin disease.”
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- I hosted INM’s management team on the Tribe Public Network on Tuesday, September 21 for a 30-minute FREE Presentation and Q&A Webinar Event. Eric A. Adams, MIBS, CEO & President of InMed Pharmaceuticals (NASDAQ: INM) & Shane Johnson, MD, Co-Founder of BayMedica delievered a presentation titled “Accelerating The Commercialization of Rare Cannabinoids.” They held a Q&A session at the end of the presentation. You may view the event video that has been viewed over 21.8k times at the Tribe Public YouTube Channel here.
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- On Friday morning, September 24, InMed reported their full year Fiscal 2021 financial results and provided a business update. The Company’s full financial statements and related MD&A for the fiscal year ended June 30, 2021, are available at www.inmedpharma.com, www.sedar.com and at www.sec.gov. Eric A. Adams, InMed CEO, stated, “In the final quarter of our of fiscal year 2021, as well as throughout the year, we made important progress in corporate development, pharmaceutical drug development and in advancing our proprietary manufacturing approach, IntegraSyn™. With the recent announcements regarding our acquisition of BayMedica Inc., the Company is well positioned to continue its activities to solidify a leadership position in the field of rare cannabinoids.”
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- On July 9th, Roth Capital Partners analyst Scott Henry, CFA issued an update report with. BUY Rating titled, “INM: Favorable Take on BayMedica LOI” that includes a $11.50 12-Month Price Target.
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On July 2, InMed announced that it had closed the previously announced private placement and after deducting the placement agent fees and estimated offering expenses payable by the Company, the Company received net proceeds of approximately US$11 million. H.C. Wainwright & Co. acted as the exclusive placement agent for the private placement. Under the terms of the private placement, an aggregate of 4,036,327 common shares (or common share equivalents in lieu thereof) and warrants to purchase up to an aggregate of 4,036,327 common shares were purchased, at an effective purchase price of US$2.973 per common share (or common stock equivalent in lieu thereof) and associated warrant. The warrants have an exercise price of US$2.848 per share, are exercisable immediately and have a term of five years. InMed intends to use the net proceeds from the offering to continue pipeline development, advance business development activities and for general working capital purposes.
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- On Thursday, June 17th, InMed Pharmaceuticals (NASDAQ: INM) announced that its continued optimization of IntegraSyn™ has increased the cannabinoid yield to a level of 5 g/L, further improving the economics of this proprietary manufacturing approach in advance of large-scale production. InMed’s cannabinoid yield of 5 g/L significantly exceeds currently reported industry yields. The Company has continued to make important steps to further optimize the IntegraSyn™ manufacturing process, resulting in the improved yield of 5 g/L, surpassing InMed’s previously reported yield levels of 2 g/L, an already commercially viable yield. The impact of improved yield is a significant reduction in the overall cost of manufacturing due to greater amount of cannabinoid produced per batch. InMed is now focused on manufacturing scale-up to larger batch sizes in the second half of calendar year 2021. “We are very excited by these impressive yield levels that further validates the IntegraSyn™ manufacturing approach as a commercially viable solution for large-scale, pharmaceutical-grade GMP production of rare cannabinoids. While we continue to refine the process, we are now focused on advancing the program towards the next key milestones, including the manufacture of our first large-scale batch through a GMP-ready process in the coming months. We continue to believe InMed’s proprietary IntegraSyn™ approach will be one of the most important manufacturing processes for pharma-grade cannabinoids,” stated Eric A. Adams, President and Chief Executive Officer of InMed.
- Shares of Natural-Killer cell (NKcell) focused biopharmaceutical firm Fate Therapeutics (FATE) closed at $61.42, +14.16% over the last 5-days.
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- On Nov 4, FATE reported business highlights and financial results for the third quarter ended September 30, 2021. Scott Wolchko, President and Chief Executive Officer of Fate Therapeutics stated, “The interim Phase 1 data from our FT516 and FT596 programs in relapsed / refractory lymphoma demonstrate that our off-the-shelf, iPSC-derived NK cell product candidates have the potential to deliver substantial therapeutic benefit for patients along with a differentiated safety profile that supports outpatient treatment. We look forward to sharing additional clinical data from both of these programs at the American Society of Hematology Annual Meeting in December. We also continue to be pleased with the clinical advancement of our multiplexed-engineered, iPSC-derived NK cell pipeline, where we have now successfully treated the first patients with FT516 in disease-specific expansion cohorts for lymphoma and with FT538 in combination with daratumumab for multiple myeloma. Additionally, we have successfully completed GMP manufacture and release of FT576, our multi-antigen targeted, CAR BCMA product candidate for multiple myeloma, and have initiated enrollment in our Phase 1 study.”
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- On Oct. 1, Fate announced that one oral and four poster presentations for the Company’s induced pluripotent stem cell (iPSC) product platform were accepted for presentation at the 36th Annual Meeting of the Society for Immunotherapy of Cancer (SITC) being held November 10-14, 2021. The oral presentation will highlight preclinical data for FT536, the Company’s off-the-shelf, multiplexed-engineered, iPSC-derived, chimeric antigen receptor (CAR) NK cell product candidate that uniquely targets the α3 domain of the MHC class I related proteins A (MICA) and B (MICB). In a recent publication in Cancer Immunology Research (DOI: 10.1158/2326-6066.CIR-19-0483), Kai W. Wucherpfennig, M.D., Ph.D., Chair of the Department of Cancer Immunology and Virology at the Dana-Farber Cancer Institute and co-leader of the Cancer Immunology Program at Dana-Farber / Harvard Cancer Center, demonstrated that cancers with loss of MHC Class I expression can be effectively targeted with MICA/B α3 domain-specific antibodies to restore NK cell-mediated immunity against solid tumors. The FT536 program is supported by an exclusive license from the Dana-Farber Cancer Institute to intellectual property covering novel antibody fragments binding MICA/B for iPSC-derived cellular therapeutics. The Company expects to submit an Investigational New Drug (IND) application for FT536 in the fourth quarter of 2021 for the treatment of advanced solid tumors, including in combination with monoclonal antibody therapy.
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- On September 15, Fate Therapeutics announced the publication of preclinical data demonstrating that its off-the-shelf, multiplexed-engineered, iPSC-derived NK cell product candidate FT538 exhibits significantly enhanced serial killing and functional persistence compared to peripheral blood NK cells. The superior anti-tumor activity of FT538 was attributable to its novel engineered components, including the knockout of CD38 and the expression of IL-15/IL-15R fusion protein, which were shown to improve metabolic fitness, increase resistance to oxidative stress, and induce transcription of proteins that control NK cell activation and effector function. The data were published in Cell Stem Cell in an online article entitled “Harnessing features of adaptive NK cells to generate iPSC-derived NK cells for enhanced immunotherapy”.
- Shares of Atossa Therapeutics, Inc. (Nasdaq: ATOS), a clinical-stage biopharmaceutical company seeking to discover and develop innovative medicines in areas of significant unmet medical need with a current focus on breast cancer and COVID-19, closed at closed at $2.56.
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- On October 23, Dr. Steven Quay CEO of Atossa Therapeutics (NASDAQ: ATOS) published an interesting and informative video called “Long COVID Is An important Issue.” You may view by clicking here now.
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- On September 30, September 30, Atossa announced it has begun to enroll participants in its clinical study of AT-H201 in Australia. The nebulized formulation, AT-H201, is being developed as an inhalation therapy for moderately to severely-ill hospitalized COVID-19 patients and for “long-haul” patients with post-infection pulmonary disease. “Even with vaccines becoming widely available, the COVID-19 pandemic continues to be an urgent global health crisis,” said Steven Quay, M.D., Ph.D., Atossa’s CEO and President. “Enrolling the first two participants in this study marks a significant milestone in our goal of ultimately developing nebulized AT-H201 to improve lung function in patients with active disease, which may reduce the number of patients requiring ventilators, and in ‘long-haul’ patients who have residual pulmonary function damage. Up to one third of hospitalized patients have pulmonary function changes 60 days or more after recovering from COVID. The portability of nebulizers, already routinely used for other chronic lung disease, should allow for treatment at home.”
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- On September 8th, Edward Woo, analyst at Ascendiant Capital Markets issued an update report titled “Q2 about inline. COVID-19 and breast cancer clinical trials expected to start soon should be catalysts for stock” and raided his P/T to $8.50.
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- On Aug 13th, Atossa announced financial results for the fiscal quarter ended June 30, 2021, and provided an update on recent company developments. “We continue to experience encouraging progress in our MBD and COVID-19 programs, with new regulatory approvals being granted in Sweden for a Phase 2 trial in MBD and authorization in Australia to commence a Phase 2 study of AT-H201 for respiratory illness associated with COVID-19. In the meantime, we continue to enjoy a strong balance sheet, which we have significantly expanded over the last three quarters and will facilitate our development plans over the near term. As we actively explore the possibility for strategic expansion into other areas where we might see near-term milestones and results, we also urge all of our shareholders to exercise their right to vote at our special stockholder’s meeting on September 7, 2021. We urge a vote in favor of the proposal to increase authorized shares, which will provide the Company with the flexibility to issue shares as part of these potential acquisitions, collaborations and partnerships, a common strategy successful biotech companies seeking to grow shareholder value employ in order to create a more attractive opportunity for all. We look forward to continuing to update our stockholders on these opportunities as they develop,” stated Dr. Steven Quay, Atossa’s President and Chief Executive Officer.
- Shares INVO Bioscience (NASDAQ: INVO), a medical device company focused on creating alternative treatments for patients diagnosed with infertility and developers of INVOcell®, the world’s only in vivo Intravaginal Culture System, closed at $3.75.
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- On October 20, INVO Bioscience, Inc. announced that four exciting poster abstracts were presented discussing INVOcell at the 77th Scientific Congress & Expo of the American Society for Reproductive Medicine (ASRM) being held this week in Baltimore, Maryland. “It’s extremely rewarding to see our technology highlighted at this year’s ASRM. Four independent abstracts were selected for presentation at the fertility industry’s most prominent annual meeting. On behalf of the entire INVO team, we sincerely appreciate the work of the many clinicians that now support INVOcell as a solution and thank those that contributed their independent work in advancing the understanding of the unique capabilities of INVOcell. These types of events and studies emphasize the opportunity we have to democratize advanced fertility services through the unique attributes of the INVOcell solution and bring care to the large, underserved patient population around the world,” stated Steve Shum, CEO of INVO Bioscience. LEARN MORE!
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- On Oct. 14, INVO announced that November 1, 2021 will be the grand opening date for the Company’s INVO Center joint venture, based in Monterrey, Mexico. The new center, named “Positib Fertility, an INVO Center,” will focus on patients in need of advanced fertility care utilizing the efficient, effective, and affordable INVOcell solution.
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- On Oct. 1, INVO announced that it has entered into definitive agreements with institutional and accredited investors and members of INVO Bioscience’s management team to purchase 1,240,763 shares of its common stock at a purchase price of $3.26 per share, in a registered direct offering priced at-the-market under Nasdaq rules, for gross proceeds of approximately $4.0 million. The registered direct offering is expected to close on or about October 5, 2021, subject to the satisfaction of customary closing conditions.
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- The group of investors includes members of INVO Bioscience’s management team, including Steve Shum, CEO, and Andrea Goren, CFO. Paulson Investment Company, LLC is acting as the exclusive placement agent for the offering. The gross proceeds from the offering are expected to be approximately $4.0 million, before deducting placement agent’s fees and other offering expenses. INVO Bioscience currently intends to use the net proceeds from this registered direct offering for general corporate and working capital purposes.
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- Also, on Oct. 1, INVO entered into a separate Stock Purchase Agreement with Paradigm Opportunities Fund, LP an accredited institutional investor, pursuant to which we will issue to such investor 600,703 shares of their common stock, par value $0.0001 per share for a purchase price of $3.329 per share for an aggregate purchase price of $1,999,740.29. This transaction is set to close on November 30, 2021. The Shares will be issued under the exemption from registration under Section 4(a)(2) and/or Rule 506 of the Securities Act of 1933, as amended. The Purchase Agreement contains a $250,000 break-up fee whereby if either party fails to close, it will be required to pay the non-breaching party a fee of $250,000. The investor under the Purchase Agreement also agreed to a 1-year lock up period with respect to the Shares.
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- On September 9th, INVO Bioscience announced that it has completed the acquisition of a Canadian-based entity that was originally formed to offer INVOcell in Canada. The entity had previously completed a number of important procedures and documentation necessary to establish INVOcell within clinical operations in Canada. INVO Bioscience anticipates leveraging this entity to advance the distribution of INVOcell, and take advantage of the existing product registration which approved the device for sale based on 5-day incubation in the Canadian market. In addition, the Company is initiating the development of joint ventures to establish INVO Centers within the Canadian marketplace, similar to U.S. and Mexico markets, to further drive accelerated adoption of the INVOcell solution while also increasing much needed capacity and patient access within the fertility industry. Steve Shum, CEO of INVO Bioscience, commented, “We believe Canada offers an excellent opportunity to further expand our distribution efforts of INVOcell while also advancing our joint-venture based INVO Center model. With roughly 16% (or 1 in 6) couples in Canada experiencing infertility, a number that has doubled since the 1980s, and with a popultion of 37.74 million, Canada represents a sizable market opportunity. Canada also faces similar issues that hamper other parts of the world, including a large underserved population, access/capacity constraints and affordability challenges. We appreciate the key individuals in Canada that originally created this entity to help promote and bring our INVOcell technology into the marketplace and look forward to bringing greater resources to advance this effort. We anticipate this acquisition will serve as a platform to help accelerate building INVOcell’s presence in Canada.”
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On September 7th, INVO Bioscience announced that it has officially opened the Company’s 2nd INVO Center in the United States, based in Atlanta, Georgia after recently opening their first in Birmingham, AL called “Innovative Fertility Specialists, An INVO Center” on August 9th. INVO Centers are further scheduled this year to open in Monterrey, Mexico & the San Francisco Bay Area. This new joint-venture, named “Bloom Fertility, an INVO Center,” will focus on patients in need of advanced fertility care utilizing the efficient, effective, and affordable INVOcell solution. READ THE COMPLETE STORY.
- On August 16th, INVO announced their financial and operating results for the second quarter ended June 30, 2021 and provided a business update. Steve Shum , CEO of INVO stated. “Our team made excellent progress during the second quarter of 2021 toward our key objectives, headlined by last week’s official opening of our first INVO Center practice in Birmingham, AlabamaWe feel INVO is now well positioned for success based on the following core foundational elements developed over the past 2 years. We believe there is a substantial underserved patient population with infertility challenges and a real need to expand access to treatment. In our opinion, this is a multi-billion-dollar market expansion opportunity, and INVOcell is well positioned to address the unmet medical need.”
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- On Aug.2, INVO announced the Company’s first Joint Venture INVO Center practice in the United States, based in Birmingham, Alabama, will officially open on August 9, 2021. Dr. Hammond commented, “With the opening of the country’s first INVOcell medical practice, we are advancing a core mission towards improving access to advanced fertility services for the many patients who would otherwise never have the opportunity. To date, we have already received numerous advanced inquiries via word of mouth and have dozens of patients scheduled for initial patient consultations who are eager to proceed with treatment. As we officially open the center next week, we expect to accelerate our marketing programs with the help of the INVO marketing team to enhance overall patient awareness around Innovative Fertility Specialists, An INVO Center.”
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- On July 14th, INVO announced the appointment of world renowned women’s health expert, Dr. Barbara Levy, M.D., FACOG, FACS as the Company’s Senior VP, Global Clinical Integration to accelerate affordable infertility treatment INVOcell’s Global OB/GYN Clinical Integration Strategy. Dr. Levy is considered one of the most influential clinical executives in the world, recently serving as Vice President, Health Policy at the American College of Obstetricians and Gynecologists (ACOG) and chair of the American Medical Association/Specialty Society Relative Value Scale Update Committee. She joins INVO Bioscience to help further develop and accelerate the Company’s global OB/GYN channel strategy. Steve Shum, CEO of INVO Bioscience, said, “We are excited to have Dr. Levy join the INVO team to support our mission to bring care to the vast underserved patient population around the world experiencing infertility challenges. She has a clear understanding of the role that OB/GYNs can play in helping to democratize fertility care on a global basis by providing accessibility to affordable and effective treatments, the key hallmarks of the INVOcell technology. We look forward to leveraging her experience, relationships, and influence to accelerate our OB/GYN clinical implementation strategy in the years to come.”
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- On June 30th, VP Watchlist company, INVO Bioscience, Inc. (NASDAQ: INVO) expanded their North American footprint as they announced on June 30th that they had signed a joint venture agreement in partnership with reproductive specialist Dr. Sue Ellen Carpenter, M.D. through its wholly-owned subsidiary, INVO Centers, LLC, to open an INVO clinic in Atlanta. The clinic, Bloom Fertility, is scheduled to open in the second half of 2021. INVO Bioscience will provide funding for start-up and operating costs and own 40% of the Atlanta Joint Venture. Dr. Sue Ellen Carpenter, MD, is Board Certified in Obstetrics and Gynecology. With over 30 years of experience in reproductive medicine, Dr. Carpenter’s specialties include in vitro fertilization, treating congenital anomalies associated with infertility, as well as endometriosis and polycystic ovarian syndrome. Noted for excellence in her field and a “Top Doctor, Atlanta 2019 and 2020″ she delivers lectures across the country and has published more than a dozen papers on reproduction and fertility. She is an active member of the American Society of Reproductive Medicine (ASRM) as well as the Georgia OB GYN Society. Note that INVO Bioscience has also signed clinic partnerships in Birmingham, Alabama and the San Francisco Bay area earlier this year, along with its Mexico partnership in late 2020, which is scheduled to open later this year. These clinics, through the utilization of the INVOcell technology, in addition to the multiple clinic and distribution partnerships throughout the world are bringing advanced fertility care and much needed expanded access to the millions of underserved people.
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- On June 15th, INVO Bioscience, Inc. (NASDAQ: INVO), announced further foundational progress as they appointed of Andrea Goren as the Company’s Chief Financial Officer. In a career approaching 27 years, Mr. Goren has extensive experience in numerous financial functions, including service as a public company CFO, company director, capital raising activities as well as mergers and acquisition experience. Mr. Goren has served as managing director and CFO of Phoenix Group, a New York City-based private equity firm specializing in micro-cap and nano-cap public companies. He served as vice president of Shamrock Group, the Roy Disney family private investment firm in London; and was a director at New York City-based Madison Capital Group, a corporate advisory firm focused on U.S. / European Union cross border transactions. Mr. Goren holds a Bachelor of Arts degree from Connecticut College in New London, Connecticut, and an MBA from the Columbia Business School in New York City.
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- On May 17, INVO announced financial results for the first quarter of 2021 ended March 31, 2021 and provides a business update. Steve Shum, Chief Executive Officer of INVO Bioscience stated, “This was an exciting start to the year 2021 for INVO Bioscience as we advanced our INVO Clinic strategy with the signing of our first U.S.-based INVOcell exclusive facility in Birmingham, Alabama, the signing of a partnership agreement to establish and operate a center in Northern California, and the completion of our product registration in Mexico. We expect these initial centers to become operational in the second half of the year. Throughout this year, we have expanded our real-world experience data and positive results with INVOcell, enhanced our online training tools, materials, and capabilities and have experienced a substantial increase in active training sessions for our international partners and distributors. We believe the combination of strong commercialization partnerships and company-owned clinics, both in the U.S. and around the world, is key to expanding INVOcell’s adoption within the fertility industry. In addition to the progress made executing new commercialization agreements, we have strengthened our marketing capabilities to support the INVOcell-only centers and our growing number of distribution partners. Meryle Lynn Chamberlain, a tenured women’s health and fertility solution marketing professional, joined us as Director of Marketing in March 2021, while Rebecca Messina, current Senior Advisor at McKinsey & Co. and former Global Chief Marketing Officer at both Uber and Beam Suntory joined our board of directors in April 2021. As we look to increase access to care and expand fertility treatment across the globe, our market positioning and overall strategies are more important than ever. The addition of Meryle Lynn and Rebecca will enhance our ability to successfully accomplish these goals. As we look to the remainder of 2021, we have set a number of key objectives, including the opening of our first company-owned clinics in Mexico and the United States. Additionally, we will seek to build our international revenues this year through our growing list of international distribution partners as they finish training, and we complete local product registration requirements. Of note, we are extremely pleased to see the initial INVO procedures performed recently in Spain and Malaysia, which reflects the groundwork done by our team in these specific markets, which we believe will help in further expanding the overall awareness of the potential outside of the U.S. Finally, we are continuing to advance our 5-day label expansion efforts with the FDA in the U.S. market with a goal of completing this effort in 2021. It remains our belief that there is strong global demand for fertility services and INVOcell is well-positioned through our growing, global footprint to play a key role in helping to turn the dream of creating a family for millions of people around the world into a reality through our accessible, efficient, and affordable fertility treatment.”
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- On May 11, a 13G was filed that confirms that David Sable’s (a former #IVF doc turned portfolio manager) Special Situations Fund of AWM Investment Company increased their ownership to 11.1% or 1,154,153 share ownership of INVO Bioscience (INVO). They held 625k/6.5% as of the 13G filing 2-12-2021. If you are not familiar with them, I believe if you do a relatively small amount sleuthing you will find out that they are one of the most successful multi-billion funds over the last 20-years, especially in finding small undiscovered microchips. I believe that they led the round of $13M at $3.20 a share in November 12, 2020 that pushed INVO uplist to the NASDAQ. Here’s the 13G filing. The company only has 10,424,229 shares issued and outstanding as of March 31, 2021.
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- Industry forecasts suggest that only 1% to 2% of the estimated 150 million infertile couples worldwide are currently being treated. INVO’s mission is to increase access to care and expand infertility treatment across the globe with a goal of improving patient affordability and industry capacity. Since January 2019, INVO Bioscience has signed commercialization agreements in the United States, India, as well as parts of Africa and Eurasia and Mexico for the INVOcell device.
Thanks again for your attention this week. Please continue to share your thoughts, questions, & ideas as we move forward.
In the meantime, please enjoy the balance of the weekly newsletter’s videos, quotes, updates.
Investing & Inspiration
- “The true secret of happiness lies in taking a genuine interest in all the details of daily life.” – William Morris
- “Formal education will make you a living; self-education will make you a fortune.” – Jim Rohn
- “Give me the luxuries of life and I will willingly do without the necessities.” – Frank Lloyd Wright
- “If opportunity doesn’t knock, build a door.” – Milton Berle
- “Age is an issue of mind over matter. If you don’t mind, it doesn’t matter.” – Mark Twain
- “The smallest deed is better than the greatest intention.” – John Burroughs
- “It’s the steady, quiet, plodding ones who win in the lifelong race.” – Robert W. Service
- “When I was young I thought that money was the most important thing in life; now that I am old I know that it is.” – Oscar Wilde
- “A savvy entrepreneur will not always look for investment money, first.” – Daymond John
- “In tennis, you strike a ball just after the rebound for the fastest return. It’s the same with investment.” – Masayoshi Son
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“Look deep into nature, and then you will understand everything better.” -Albert Einstein
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“The young man knows the rules, but the old man knows the exceptions.” – Oliver Wendell Holmes, Sr.
- “Don’t go through life, grow through life.”– Eric Butterworth
- “This life is worth living, we can say, since it is what we make it.” – William James
- “People who think they know everything are a great annoyance to those of us who do.” – Isaac Asimov
- “True life is lived when tiny changes occur.” – Leo Tolstoy
- “If you want a guarantee, buy a toaster.” – Clint Eastwood
- “In order to attain the impossible, one must attempt the absurd.” – Miguel de Cervantes
- “Aim for the moon. If you miss, you may hit a star.” – W. Clement Stone
- “If I had to live my life again, I’d make the same mistakes, only sooner.” – Tallulah Bankhead
- “The deal machinations many companies put themselves through, while certainly a bonanza for investment bankers, can confound the typical investor.” – Whitney Tilson
- “Nothing is impossible, the word itself says ‘I’m possible’!” – Audrey Hepburn
- “Procrastination is the art of keeping up with yesterday.” – Don Marquis
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“Do not fear mistakes. You will know failure. Continue to reach out.” – Benjamin Franklin
- “Success is peace of mind which is a direct result of self-satisfaction in knowing you did your best to become the best you are capable of becoming.” – John Wooden
- “One fails forward toward success.” – Charles Kettering
- “The greater danger for most of us lies not in setting our aim too high and falling short; but in setting our aim too low, and achieving our mark.” – Michelangelo
- “I hear and I forget. I see and I remember. I do and I understand.” – Confucius
- “I’m a very strong believer in listening and learning from others.” – Ruth Bader Ginsburg
- “Blessed are those who give without remembering and take without forgetting.” – Elizabeth Bibesco
- “As you walk down the fairway of life you must smell the roses, for you only get to play one round.” – Ben Hogan
- “Progress is man’s ability to complicate simplicity.” – Thor Heyerdahl
- “Economics is all about consumption. People either spend money now or they use financial instruments – like bonds, stocks and savings accounts – so they can spend more later.” – Adam Davidson
- “Ever tried. Ever failed. No matter. Try Again. Fail again. Fail better.” -Samuel Beckett
- “In the post-industrial economy, ideas and great minds often provide far greater return on investment than any other resources or capital investments.” – Marvin Ammori
- “Work like you don’t need the money. Love like you’ve never been hurt. Dance like nobody’s watching.” – Satchel Paige
- “One of the rules I’ve learned is that struggling to try and think your way into making an investment is usually the best way to not have a great outcome.” – Stephen A. Schwarzman
- “The secret of business is to know something that nobody else knows.” – Aristotle Onassis
- “It takes a long time to grow an old friend.” – John Leonard
- “Life is a dream for the wise, a game for the fool, a comedy for the rich, a tragedy for the poor.”– Sholom Aleichem
- “The truth is you don’t know what is going to happen tomorrow. Life is a crazy ride, and nothing is guaranteed.” – Eminem
- “Man is only great when he acts from passion.” – Benjamin Disraeli
- “We need to stop thinking about infrastructure as an economic stimulant and start thinking about it as a strategy. Economic stimulants produce Bridges to Nowhere. Strategic investment in infrastructure produces a foundation for long-term growth.” – Roger McNamee
- “We must let go of the life we have planned, so as to accept the one that is waiting for us.” – Joseph Campbell
- “Put your heart, mind, and soul into even your smallest acts. This is the secret of success.” – Swami Sivananda
- “I can’t change the direction of the wind, but I can adjust my sails to always reach my destination.” – Jimmy Dean
- “Companies have too many experts who block innovation. True innovation really comes from perpendicular thinking.” – Peter Diamandis
- “By failing to prepare, you are preparing to fail.” – Benjamin Franklin
- “We cannot solve our problems with the same thinking we used when we created them.” – Albert Einstein
- “When you’re an investor, you can look at the quantitative and qualitative elements of an investment, but there’s a third aspect: What you feel in your gut.” – Kevin O’Leary
- “Set your course by the stars, not by the lights of every passing ship.” – Omar N. Bradley
- “Do not take life too seriously. You will never get out of it alive.” – Elbert Hubbard
- “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey
- “Every good painter paints what he is.” – Jackson Pollock
- “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
- “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
- “You cannot have a positive life and a negative mind.” – Joyce Meyer
- “Like wildebeest and zebra migration across the Serengeti, investment managers and consultants, too, have a habit of running together and, every now and then, changing direction.” – Sanjaya Baru
- “If people are anything but enthusiastic about the information or ideas that they’re sharing, they’re either not that invested in what they’re doing – or they’re not communicating that investment effectively.” – Ana Kasparian
- “Life consists not in holding good cards but in playing those you hold well.” – Josh Billings
- “Friend, there’s no greater investment in life than in being a people builder. Relationships are more important than our accomplishments.” – Joel Osteen
- “It’s only natural that the heavy users help contribute to the investment to keep the Web healthy. That is the most important concept of net neutrality.” – Lowell McAdam
- “The more sand that has escaped from the hourglass of our life, the clearer we should see through it.” – Jean Paul
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“Eliminate emotion from your investment program.” -John C. Bogle
- “Modern medical advances have helped millions of people live longer, healthier lives. We owe these improvements to decades of investment in medical research.” – Ike Skelton
- “In every investment, before I get involved or invest, I always see what the mindset of the founder, the CEO, is.” – Zaza Pachulia
- “An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can’t easily recognize that they are the same.” – Daniel Kahneman
- “The return on investment in global health is tremendous, and the biggest bang for the buck comes from vaccines. Vaccines are among the most successful and cost-effective health investments in history.” – Seth Berkley
- “Few things in the world are more powerful than a positive push. A smile. A world of optimism and hope. A ‘you can do it’ when things are tough.” – Richard M. DeVos
- “To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment.” – Ralph Waldo Emerson
- “We all have dreams. But in order to make dreams come into reality, it takes an awful lot of determination, dedication, self-discipline, and effort.” – Jesse Owens
- “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward- American Writer, Born 1921
- “Once you replace negative thoughts with positive ones, you’ll start having positive results.” – Willie Nelson
- “The secret of your future is hidden in your daily routine.” – Mike Murdock
- “If somebody puts you down or criticizes you, just keep on believing in yourself and turn it into something positive.” – Leah LaBelle
- “Opportunity is missed by most people because it is dressed in overalls and looks like work”. -Thomas A. Edison
- “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey
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“Human behavior flows from three main sources: desire, emotion, and knowledge.” – Plato
- “We are what our thoughts have made us; so take care about what you think. Words are secondary. Thoughts live; they travel far.” – Swami Vivekananda
- “Success is not final, failure is not fatal: it is the courage to continue that counts.” – Winston Churchill
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“If you don’t know where you are going, any road will get you there.” – Lewis Carroll
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“Don’t worry about being a star, worry about doing good work, and all that will come to you.” – Ice Cube
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“It is not in the stars to hold our destiny but in ourselves.” – William Shakespeare
- “Prediction is very difficult, especially if it’s about the future.” – Niels Bohr (Danish Physicist)
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“It is indeed true that the stock market can forecast the business cycle.” -Paul Samuelson
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“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
- “What lies behind you and what lies in front of you, pales in comparison to what lies inside of you.” – Ralph Waldo Emerson
- “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
- “Life is 10% what happens to you and 90% how you react to it.” – Charles R. Swindoll
- “The truth is you don’t know what is going to happen tomorrow. Life is a crazy ride, and nothing is guaranteed.” – Eminem
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“View health as an investment, not an expense.” – John Quelch
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“Opportunity does not knock, it presents itself when you beat down the door.” – Kyle Chandler
- “If you don’t know where you are going, any road will get you there.” – Lewis Carroll
- “Once you replace negative thoughts with positive ones, you’ll start having positive results.” – Willie Nelson
- “That which does not kill us makes us stronger.” – Friedrich Nietzsche
- “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
- “A problem is a chance for you to do your best.”– Duke Ellington
- “The best way to predict the future is to create it.” -Peter Drucker
- “I’m involved in the stock market, which is fun and, sometimes, very painful.” – Regis Philbin
- “Who owns the future? This is the question at the heart of every stock market.” – John Landgraf
- “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
- “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
- “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
- “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
- “The only way to have a friend is to be one.” – Ralph Waldo Emerson
- “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
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“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
- “Success is not final, failure is not fatal: it is the courage to continue that counts.”– Winston Churchill
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“Our greatest glory is not in never falling, but in rising every time we fall.” – Confucius
- “Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” – Archimedes
- “Who controls the past controls the future. Who controls the present controls the past.” – George Orwell
- “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
- “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward
- “Start where you are. Use what you have. Do what you can.” – Arthur Ashe
- “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
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“When you have no one to answer to, vendetta as investment strategy is as legitimate as anything.” – Carl Icahn
- “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
- “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
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“Modern medical advances have helped millions of people live longer, healthier lives.
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We owe these improvements to decades of investment in medical research.”– Ike Skelton
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“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
- “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
- “Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.” – Kevin Brady
- “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
- “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
- “Historically, there has been a bull market in the commodities every 20 or 30 years.” – Jim Rogers
- “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
- “Stop trying to predict the direction of the stock market, the economy or the elections.” – Warren Buffett
- “An important key to investing is to remember that stocks are not lottery tickets.” – Peter Lynch
- “Learn everyday, but especially from the experiences of others. It’s cheaper!” – John Bogle
- “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
- “No stock price is too low for bears or too high for bulls.” – John F. Heerdink, Jr.
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“Investment is most successful when it is most businesslike.” – Ben Graham
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“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
- “Even the intelligent investor is likely to need considerable willpower to keep from following the crowd.” – Benjamin Graham
- “Individual who cannot master their emotions are ill-suited to profit from the investment process.” – Benjamin Graham
- “I made my first investment at age eleven. I was wasting my life until then.” – Warren Buffet
- “I don’t look to jump over seven-foot bars; I look around for one-foot bars that I can step over.” — Warren Buffett
- “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
- “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble” ― W
- “If you buy things you do not need, soon you will have to sell things you need.” – Warren Buffet
- “How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” — Robert G. Allen
- “It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.” – Warren Buffett
- “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
- “Every once in a while, the market does something so stupid it takes your breath away.” — Jim Cramer
- “The person who starts simply with the idea of getting rich won’t succeed; you must have a larger ambition.” — John D. Rockefeller
- “Know what you own, and know why you own it.” – Peter Lynch
- “Although it’s easy to forget sometimes, a share is not a lottery ticket… it’s part ownership of a business.” – Peter Lynch
- “Wise spending is part of wise investing. And it’s never too late to start.” – Rhonda Katz
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“Invest for the long haul. Don’t get too greedy and don’t get too scared.” – Shelby M.C. Davis
- “Fear incites human action far more urgently than does the impressive weight of historical evidence.”
-Jeremy Siegel - “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
- “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
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“The most contrarian thing of all is not to oppose the crowd but to think for yourself.” — Peter Thiel
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“Never depend on a single income, make an investment to create a second source.” Warren Buffet
- “Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.”
― Warren Buffett - “The key to making money in stocks is not to get scared out of them.” – Peter Lynch
- “Courage taught me no matter how bad a crisis gets … any sound investment will eventually pay off.” — Carlos Slim Helu
- “Investing puts money to work. The only reason to save money is to invest it.” – Grant Cardone
- “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
- “Given a 10% chance of a 100 times payoff, you should take that bet every time.” — Jeff Bezos
- “Money is always eager and ready to work for anyone who is ready to employ it.” ― Idowu Koyenikan
- “The secret to investing is to figure out the value of something – and then pay a lot less.” – Joel Greenblatt
- “We don’t have an analytical advantage, we just look in the right place.” – Seth Klarman
- “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
- “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
- “No Price is too low for a bear or too high for a bull.” — Anonymous
- “Investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future.” Anonymous
- “Behind every stock is a company. Find out what it’s doing.” — Peter Lynch
- “Wise spending is part of wise investing. And it’s never too late to start.” –Rhonda Katz
- “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
- “A bull market is like sex. It feels best just before it ends.” — Barton Biggs
- “The investor’s chief problem — even his worst enemy — is likely to be himself.” — Benjamin Graham
- “No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation.” – Robert Rhea
- “Money is like a sixth sense – and you can’t make use of the other five without it.” – William Somerset Maugham
- “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” — Albert Einstein
- “Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results” — Warren Buffett
- “The stock market is a device for transferring money from the impatient to the patient.” – Warren Buffett
- “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
- “Investing puts money to work. The only reason to save money is to invest it.” – Grant Cardone
- “You cannot save time for your future use however you can invest time for your future.” – John F. Heerdink, Jr.
- “Know what you own, and know why you own it.” – Peter Lynch
- “Liquidity is only there when you don’t need it.” -Old Proverb
- “If you want to be a millionaire, start with a billion dollars and launch a new airline.” – Richard Branson
- “Fear incites human action far more urgently than does the impressive weight of historical evidence.” – Jeremy Siegel
- “In investing, what is comfortable is rarely profitable.” – Robert Arnott
- “Spend each day trying to be a little wiser than you were when you woke up.” – Charlie Munger
- “The entrance strategy is actually more important than the exit strategy.” – Edward Lampert
- “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
- “It is impossible to produce superior performance unless you do something different from the majority.” – John Templeton
- “An investment in knowledge pays the best interest.” – Benjamin Franklin.
- “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
- “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
- “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
- “If all the economists were laid end to end, they’d never reach a conclusion. -George Bernard Shaw
- “There are old traders and there are bold traders, but there are very few old, bold traders.”-Ed Seykota
- “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.”
- “As long as you enjoy investing, you’ll be willing to do the homework and stay in the game.” -Jim Cramer
- “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
- “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
- “The policy of being too cautious is the greatest risk of all.” -Jawaharlal Nehru
- “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
- “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
- “The four most dangerous words in investing are: ‘this time it’s different.” -Sir John Templeton
- “Money doesn’t make you happy. I now have $50 million but I was just as happy when I had $48 million.” -Arnold Schwarzenegger
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