9 Sectors Join Market’s Party Thursday – VP Watchlist Biotech Stocks Rise $ATOS $FATE $INMB $INM

Happy Thursday!

I hope you succeeded in making your health a priority today, while continuing to make a fortune in the markets. Growing your investments overall today was a bit easier as we had one of those broadly positive swings where all indices rose & the S&P 500 closed at 4,429.10 (+.60%) & the Nasdaq closed at 14,895.12 (+78%), both record highs. In addition, the big boys on Dow 30 closed at 35,064.25 (+.78%) & the smalls on the Russell 200o bounced up nicely closing at 2,236.01 (+1.81%). The microchips jumped strongly back in the game too as the iShares Micro-Cap ETF (IWC) closed at $144.75, (+2.09). Completely opposite to yesterday,  9 of the 11 S&P 500 sectors closed in the green led by the energy sector moving up 1.3% as oil prices rose to $69.09/bbl, +1.4%, the financials moving up 1.2%, & the utilities adding 1.1%, while the health care sector down .4% and the materials sector down  -.1% failed to join the party. 

The macroeconomic schedule delivered a couple of reports. The Initial jobless claims report for the week ending July 31 confirmed a drop by 14k to 385k & the continuing claims report for the week ending July 24 confirmed a drop by 366k to 2.930M, which is the lowest level since March 14, 2020. The trade deficit report confirmed a widening to $75.7B in June. Tomorrow’s schedule will bring the Employment Situation Report for July, the Consumer Credit report for June, & the Wholesale Inventories report for June. 

As part of a “stress capital buffer” regime established by the Fed, they announced how much each of the 34 large banks that underwent the most recent stress test will be required to hold on their books as capital cushions as of Oct.1, 2021.

The yield curve moved higher as the close the 10-yr treasury yield closed up 4 basis points at 1.22% & the 2-yr yield rose 3 basis points to close at .20%. The U.S. Dollar Index closed flat at 92.27. Gold prices rose $1 to close at $1,813 and silver closed at $25.42, +$.17.

BIOTECH BOUNCES

The SPDR S&P Biotech ETF (XBI) closed at $129.54, +3.8%, the iShares Nasdaq Biotechnology ETF (IBB) closed at $174.85, +1.57% & the NYSE ARCA Biotech Index (^BTK) closed at 6,002.61, +1.2%.

Shares of VP Watchlist firm, Seattle-based 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 $3.33, +5.71% on 8.79M shares of trading volume after reaching $3.41 in intraday trading. 

Shares of VP Watchlist firm, Fate Therapeutics (FATE), a clinical-stage biopharmaceutical company dedicated to the development of programmed cellular immunotherapies for patients with cancer, closed at $95.54/share, +11.44%. The 52-wk high is $121.16. 

Shares of VP Watchlist stock, INmune Bio (NASDAQ: INMB), a clinical-stage immunology company focused on developing treatments that harness the patient’s innate immune system to fight disease including Alzheimer’s disease, closed at $14.95, +5.8%. 

InMed Pharmaceuticals, Inc. (NASDAQ: INM) is 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. Shares of InMed closed trading at $2.45, +7.93.

TECH

Massively weighted Apple (AAPL) beat analyst estimates last week with revenue increasing 36% Y/Y to $81.4B while iPhone revenue jumped ~+50% in Q2. Shares of Apple closed at $147.06, +.07% today.

Tesla (TSLA) ticked higher again today to close at $710.63, +.52%.

Shares of chip maker NVIDIA (NVDA) keeps on driving higher and closed at $206.37, +1.78% today after their recent 4-1 stock split as the chip shortage wars wage on. NVIDIA will host a conference call on Wednesday, August 18, at 2 p.m. PT (5 p.m. ET) to discuss its financial results for the second quarter of fiscal year 2022, which ended August 1, 2021. The call will be webcast live (in listen-only mode) on investor.nvidia.com. The company’s prepared remarks will be followed by a question and answer session, which will be limited to questions from financial analysts and institutional investors. Ahead of the call, NVIDIA will provide written commentary on its second-quarter results from its CFO. This material will be posted to investor.nvidia.com immediately after the company’s results are publicly announced at approximately 1:20 p.m. PT.

Microsoft (MSFT) closed at $289.52, +1.05%.

Amazon.com (AMZN) closed at 3,375.99, +.63%. Amazon today announced plans to open a fulfillment center in Port St. Lucie, FL that they believe will be launched in 2022 creating 500 new, full-time jobs.

MEMES 

AMC Entertainment (AMC) bounces to close at $33.51, +12.3%.

GameStop (GME) also closed at $153.44, +4.52%.

Virgin Galactic Holdings (SPCE) closed at $31.53, +2.44%. 

Robinhood Markets, Inc., went public last Thursday under the ticker ‘HOOD’ at a price of $38/share, but then dropped to a low of $33.25. They then proceeded to hit a high $85/share prior to announcing today that they are now selling up to 97.9 million Class A shares owned by shareholders. The stock closed at $50.97, -27.59%. 

Economic Reports

• On Monday, the macroeconomic schedule delivered the July ISM Manufacturing Index report came in slightly lower at 59.5%, but still in the expansion territory. The total construction spending report confirmed a .1% month/month higher move in June. The total private construction report moved up .4% month/month. Total public construction spending dropped 1.2%. The final IHS Market Manufacturing PMI for June was confirmed at 63.4.
• On Tuesday, the Factory Orders report for June confirmed a rise of 1.5%.
• On Wednesday, the ISM Non-Manufacturing Index report for July showed a rise to 64.1% again confirming expansion again well above the Mendoza line. However, the ADP Employment Change report confirmed an estimated 330k jobs were added to private-sector payrolls in July, unfortunately substantially less than the expected 650k.  The final reading for the July IHS Markit Services PMI came in slightly higher at 59.9 & the weekly MBA Mortgage Applications Index report confirmed a drop by 1.7%.
• On Thursday, the Initial jobless claims report for the week ending July 31 confirmed a drop by 14k to 385k & the continuing claims report for the week ending July 24 confirmed a drop by 366k to 2.930M, which is the lowest level since March 14, 2020. The trade deficit report confirmed a widening to $75.7B in June.

Investing & Inspiration

1. “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
2. “In every investment, before I get involved or invest, I always see what the mindset of the founder, the CEO, is.” – Zaza Pachulia
3. “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
4. “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
5. “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
6. “To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment.” – Ralph Waldo Emerson
7. “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
8. “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward- American Writer, Born 1921
9. “Once you replace negative thoughts with positive ones, you’ll start having positive results.” – Willie Nelson
10. “The secret of your future is hidden in your daily routine.” – Mike Murdock
11.  “If somebody puts you down or criticizes you, just keep on believing in yourself and turn it into something positive.” – Leah LaBelle
12. “Opportunity is missed by most people because it is dressed in overalls and looks like work”. -Thomas A. Edison
13. “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey

14. “Human behavior flows from three main sources: desire, emotion, and knowledge.” – Plato

15. “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
16. “Success is not final, failure is not fatal: it is the courage to continue that counts.” – Winston Churchill

17. “If you don’t know where you are going, any road will get you there.” – Lewis Carroll

18. “Don’t worry about being a star, worry about doing good work, and all that will come to you.” – Ice Cube

19. “It is not in the stars to hold our destiny but in ourselves.” – William Shakespeare

20. “Prediction is very difficult, especially if it’s about the future.” – Niels Bohr (Danish Physicist)

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

22. “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

23. “What lies behind you and what lies in front of you, pales in comparison to what lies inside of you.” – Ralph Waldo Emerson
24. “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
25. “Life is 10% what happens to you and 90% how you react to it.” – Charles R. Swindoll
26. “The truth is you don’t know what is going to happen tomorrow. Life is a crazy ride, and nothing is guaranteed.” – Eminem

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

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

29. “If you don’t know where you are going, any road will get you there.” – Lewis Carroll
30. “Once you replace negative thoughts with positive ones, you’ll start having positive results.” – Willie Nelson
31. “That which does not kill us makes us stronger.” – Friedrich Nietzsche
32. “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
33. “A problem is a chance for you to do your best.”–  Duke Ellington
34. “The best way to predict the future is to create it.” -Peter Drucker
35. “I’m involved in the stock market, which is fun and, sometimes, very painful.” – Regis Philbin
36. “Who owns the future? This is the question at the heart of every stock market.” – John Landgraf
37. “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
38. “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
39. “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
40. “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
41. “The only way to have a friend is to be one.” –  Ralph Waldo Emerson
42. “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

43. “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

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

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

46. “Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” – Archimedes
47. “Who controls the past controls the future. Who controls the present controls the past.” – George Orwell
48. “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
49. “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward
50. “Start where you are. Use what you have. Do what you can.” – Arthur Ashe
51. “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

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

53. “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
54. “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

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

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

57. “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

58. “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
59. “Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.” – Kevin Brady
60. “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
61. “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
62. “Historically, there has been a bull market in the commodities every 20 or 30 years.” – Jim Rogers
63. “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
64. “Stop trying to predict the direction of the stock market, the economy or the elections.” – Warren Buffett
65. “An important key to investing is to remember that stocks are not lottery tickets.” – Peter Lynch
66. “Learn everyday, but especially from the experiences of others. It’s cheaper!” – John Bogle
67. “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
68. “No stock price is too low for bears or too high for bulls.” – John F. Heerdink, Jr.

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

70. “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

71. “Even the intelligent investor is likely to need considerable willpower to keep from following the crowd.” – Benjamin Graham
72. “Individual who cannot master their emotions are ill-suited to profit from the investment process.” – Benjamin Graham
73. “I made my first investment at age eleven. I was wasting my life until then.” – Warren Buffet
74. “I don’t look to jump over seven-foot bars; I look around for one-foot bars that I can step over.” — Warren Buffett
75. “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
76. “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble” ― Warren Buffett
77. “If you buy things you do not need, soon you will have to sell things you need.” – Warren Buffet
78. “How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” — Robert G. Allen
79. “It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.” – Warren Buffett
80. “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
81. “Every once in a while, the market does something so stupid it takes your breath away.” — Jim Cramer
82. “The person who starts simply with the idea of getting rich won’t succeed; you must have a larger ambition.” — John D. Rockefeller
83. “Know what you own, and know why you own it.” – Peter Lynch
84. “Although it’s easy to forget sometimes, a share is not a lottery ticket… it’s part ownership of a business.” – Peter Lynch
85. “Wise spending is part of wise investing. And it’s never too late to start.” – Rhonda Katz

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

87. “Fear incites human action far more urgently than does the impressive weight of historical evidence.”
    -Jeremy Siegel
88. “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
89. “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

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

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

92. “Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.”
    ― Warren Buffett
93. “The key to making money in stocks is not to get scared out of them.” – Peter Lynch
94. “Courage taught me no matter how bad a crisis gets … any sound investment will eventually pay off.” — Carlos Slim Helu
95. “Investing puts money to work. The only reason to save money is to invest it.” – Grant Cardone
96. “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
97. “Given a 10% chance of a 100 times payoff, you should take that bet every time.” — Jeff Bezos
98. “Money is always eager and ready to work for anyone who is ready to employ it.” ― Idowu Koyenikan
99. “The secret to investing is to figure out the value of something – and then pay a lot less.” – Joel Greenblatt
100. “We don’t have an analytical advantage, we just look in the right place.” – Seth Klarman
101. “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
102. “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
103. “No Price is too low for a bear or too high for a bull.” — Anonymous
104. “Investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future.” Anonymous
105. “Behind every stock is a company. Find out what it’s doing.” — Peter Lynch
106. “Wise spending is part of wise investing. And it’s never too late to start.” –Rhonda Katz
107. “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
108. “A bull market is like sex. It feels best just before it ends.” — Barton Biggs
109. “The investor’s chief problem — even his worst enemy — is likely to be himself.” — Benjamin Graham
110. “No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation.” – Robert Rhea
111. “Money is like a sixth sense – and you can’t make use of the other five without it.” – William Somerset Maugham
112. “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” — Albert Einstein
113. “Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results” — Warren Buffett
114. “The stock market is a device for transferring money from the impatient to the patient.” – Warren Buffett
115. “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
116. “Investing puts money to work. The only reason to save money is to invest it.” – Grant Cardone
117. “You cannot save time for your future use however you can invest time for your future.” – John F. Heerdink, Jr. 
118. “Know what you own, and know why you own it.” – Peter Lynch
119. “Liquidity is only there when you don’t need it.” -Old Proverb
120. “If you want to be a millionaire, start with a billion dollars and launch a new airline.” – Richard Branson
121. “Fear incites human action far more urgently than does the impressive weight of historical evidence.” – Jeremy Siegel
122. “In investing, what is comfortable is rarely profitable.” – Robert Arnott
123. “Spend each day trying to be a little wiser than you were when you woke up.” – Charlie Munger
124. “The entrance strategy is actually more important than the exit strategy.” – Edward Lampert
125. “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
126. “It is impossible to produce superior performance unless you do something different from the majority.” – John Templeton
127. “An investment in knowledge pays the best interest.” – Benjamin Franklin.
128. “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
129. “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
130. “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
131. “If all the economists were laid end to end, they’d never reach a conclusion. -George Bernard Shaw
132. “There are old traders and there are bold traders, but there are very few old, bold traders.”-Ed Seykota
133. “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.”
134. “As long as you enjoy investing, you’ll be willing to do the homework and stay in the game.” -Jim Cramer
135. “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
136. “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
137. “The policy of being too cautious is the greatest risk of all.” -Jawaharlal Nehru
138. “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
139. “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
140. “The four most dangerous words in investing are: ‘this time it’s different.” -Sir John Templeton
141. “Money doesn’t make you happy. I now have $50 million but I was just as happy when I had $48 million.” -Arnold Schwarzenegger