Monday’s Markets See Record Setting Start For Nasdaq & S&P 500 – $FB $FATE $MRIN $NTLA $NVDA Jump

Happy Monday!

I hope that you had a great start to the week in the markets.

Today’s session saw records broken on both the Nasdaq & the S&P 500. The moves were led by the highly weighted information technology sector that rose strongly by 1.1%, while Apple (AAPL) closed at $134.78, +1.25%.  At the same time, the cyclicals, which led last week’s strong swing, fell as the energy sector dropped by 3.3%, the financials pulled back .8%, & the industrials moved down by .5%. The Dow 30 and Russell moved lower.  reviewing the end of day results, the S&P 500 closed at a new report high of 4,290.61 (+.23%), the Dow 30 closed at 34,283.27 (-.44%), the Nasdaq achieved another new record high and closed at 14,500.51 (+.98%), while the Russell 200o closes at 2,322.34 (-.52%).  The microchips also moved lower as evidenced by the iShares Micro-Cap ETF (IWC) closed at $153.83, -1.12%, but not to far off of its 52-wk high of $159.56. 

The yield curve moved lower today as the 10-yr treasury yield pulled back 7 basis points to close at 1.47% & the 2-yr yield moved lower by 2 basis points to .25%. The U.S. Dollar Index edged higher to end at 91.90.

On a somber note, stories regarding the spreading of the delta coronavirus variant and the subsequent resurgence of travel restrictions is being seen in several countries, which is placing greater concern on global growth. This news reportedly came out of Australia, South Africa, Germany, Portugal, Russia, and also interestingly in Bangladesh where the Bangladesh’s government has halted all public transportation. Oil prices moved lower by 1.5% to $72.82/bbl.

The macroeconomic schedule was quiet today, but tomorrow we will see the Conference Board’s Consumer Confidence Index report for June, the FHFA Housing Price Index report for April, & the S&P Case-Shiller Home Price Index report for April

BIOTECH  & HEALTHCARE DRIFTS – NTLA POPS

The SPDR S&P Biotech ETF (XBI) closed at $137.85, -.60% after hitting a intraday high of $141.04 and a low of $135.12, & well off from its 52-week high $174.79 & above the 52-week low of $97.15. The iShares Nasdaq Biotechnology ETF (IBB) closed at $163.37, +.15% & the NYSE ARCA Biotech Index (^BTK) closed at 5,920.70, +.57%. 

Today, Intellia Therapeutics, Inc. (NASDAQ: NTLA) closed trading at $133.43, +50.21%. On Saturday June 26, Intellia Therapeutics, Inc. and Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN, $542.70, -1.43%) announced positive interim data from an ongoing Phase 1 clinical study of their lead in vivo genome editing candidate, NTLA-2001, which is being developed as a single-dose treatment for transthyretin (ATTR) amyloidosis. The Phase 1 study, run by Intellia as the program’s development and commercialization lead, is evaluating NTLA-2001 in people living with hereditary transthyretin amyloidosis with polyneuropathy (ATTRv-PN). NTLA-2001 is the first CRISPR/Cas9-based therapy candidate to be administered systemically, via intravenous infusion, for precision editing of a gene in a target tissue in humans. NTLA-2001 is designed to inactivate the TTR gene in liver cells to prevent the production of misfolded transthyretin (TTR) protein, which accumulates in tissues throughout the body and causes the debilitating and often fatal complications of ATTR amyloidosis. The interim data were presented today at the 2021 Peripheral Nerve Society (PNS) Annual Meeting and published in The New England Journal of Medicine. “These are the first ever clinical data suggesting that we can precisely edit target cells within the body to treat genetic disease with a single intravenous infusion of CRISPR. The interim results support our belief that NTLA-2001 has the potential to halt and reverse the devastating complications of ATTR amyloidosis with a single dose,” said Intellia President and Chief Executive Officer John Leonard, M.D. 

MEMES REPORT

AMC Entertainment (AMC) closed at $58.11, +7.49% after hitting $59.36 in intraday trading.   

GameStop (GME) also closed at $213.25, +1.79%. 

1847 Goedeker Inc. (GOED) closed at $4.19, -2.33% after reaching $4.48 in intraday trading. “Goedekers” the largest pure-play online retailer of household appliances in the US, recently reported continued strong growth with record revenue for the month of May 2021, up 41.9% from May 2020 to $44.3 million on May 2021 written orders of $72.6 million.

Today Marin Software (MRIN) skyrocketed to close at $7.50, +96.85% and has even hit an aftermarket high of $10.50 on over 287M shares of trading! MRIN is a leading provider of digital marketing software for performance-driven advertisers and agencies who announced on June 23 that they had added the ability to manage Instacart Ads to its flagship MarinOne platform. This integration is reported to “make it easier for brands to connect with customers directly at the point of sale.”

TESLA

Tesla (TSLA) had another good day closing at $688.72, +2.51% as it has been on uptrend over the last two weeks. 

FACEBOOK WINS

Facebook (FB) closed at $355.64, +4.2% closing at a $1.02T market cap. The upward swing came after a judge from the U.S. district court dismissed the FTC’s antitrust lawsuit against the company stating “the FTC has failed to plead enough facts to plausibly establish … that Facebook has monopoly power in the market for Personal Social Networking (PSN) Services.”

NVDA MOVES HIGHER

NVIDIA (NVDA) closed at $799.40, +5% today after establishing a new all-time high of $893.73 now standing at a $498.03B market cap. if off some reason you do not who NVDA is yet, note that they are a Santa Clara, California based NVIDIA Corporation that operates as a visual computing company worldwide. It operates in two segments, Graphics and Compute & Networking. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise design; GRID software for cloud-based visual and virtual computing; and automotive platforms for infotainment systems. The Compute & Networking segment offers Data Center platforms and systems for AI, HPC, and accelerated computing; Mellanox networking and interconnect solutions; automotive AI Cockpit, autonomous driving development agreements, and autonomous vehicle solutions; and Jetson for robotics and other embedded platforms. The company’s products are used in gaming, professional visualization, datacenter, and automotive markets. NVIDIA Corporation sells its products to original equipment manufacturers, original device manufacturers, system builders, add-in board manufacturers, retailers/distributors, Internet and cloud service providers, automotive manufacturers and tier-1 automotive suppliers, mapping companies, start-ups, and other ecosystem participants.

MRIN SKYROCKETS

Today Marin Software (MRIN) , a leading provider of digital marketing software for performance-driven advertisers and agencies, has added the ability to manage Instacart Ads to its flagship MarinOne platform. This integration makes it easier for brands to connect with customers directly at the point of sale.

VP WATCHLIST HIGHLIGHTS

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

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

Economic Reports

• On Monday, the macroeconomic schedule did not produce any siginificant reports today.

Investing & Inspiration

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

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

3. “If you don’t know where you are going, any road will get you there.” – Lewis Carroll
4. “Once you replace negative thoughts with positive ones, you’ll start having positive results.” – Willie Nelson
5. “That which does not kill us makes us stronger.” – Friedrich Nietzsche
6. “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
7. “A problem is a chance for you to do your best.”–  Duke Ellington
8. “The best way to predict the future is to create it.” -Peter Drucker
9. “I’m involved in the stock market, which is fun and, sometimes, very painful.” – Regis Philbin
10. “Who owns the future? This is the question at the heart of every stock market.” – John Landgraf
11. “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
12. “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
13. “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
14. “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
15. “The only way to have a friend is to be one.” –  Ralph Waldo Emerson
16. “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

17. “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

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

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

20. “Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” – Archimedes
21. “Who controls the past controls the future. Who controls the present controls the past.” – George Orwell
22. “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
23. “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward
24. “Start where you are. Use what you have. Do what you can.” – Arthur Ashe
25. “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

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

27. “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
28. “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

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

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

31. “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

32. “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
33. “Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.” – Kevin Brady
34. “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
35. “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
36. “Historically, there has been a bull market in the commodities every 20 or 30 years.” – Jim Rogers
37. “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
38. “Stop trying to predict the direction of the stock market, the economy or the elections.” – Warren Buffett
39. “An important key to investing is to remember that stocks are not lottery tickets.” – Peter Lynch
40. “Learn everyday, but especially from the experiences of others. It’s cheaper!” – John Bogle
41. “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
42. “No stock price is too low for bears or too high for bulls.” – John F. Heerdink, Jr.

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

44. “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

45. “Even the intelligent investor is likely to need considerable willpower to keep from following the crowd.” – Benjamin Graham
46. “Individual who cannot master their emotions are ill-suited to profit from the investment process.” – Benjamin Graham
47. “I made my first investment at age eleven. I was wasting my life until then.” – Warren Buffet
48. “I don’t look to jump over seven-foot bars; I look around for one-foot bars that I can step over.” — Warren Buffett
49. “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
50. “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble” ― Warren Buffett
51. “If you buy things you do not need, soon you will have to sell things you need.” – Warren Buffet
52. “How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” — Robert G. Allen
53. “It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.” – Warren Buffett
54. “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
55. “Every once in a while, the market does something so stupid it takes your breath away.” — Jim Cramer
56. “The person who starts simply with the idea of getting rich won’t succeed; you must have a larger ambition.” — John D. Rockefeller
57. “Know what you own, and know why you own it.” – Peter Lynch
58. “Although it’s easy to forget sometimes, a share is not a lottery ticket… it’s part ownership of a business.” – Peter Lynch
59. “Wise spending is part of wise investing. And it’s never too late to start.” – Rhonda Katz

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

61. “Fear incites human action far more urgently than does the impressive weight of historical evidence.”
    -Jeremy Siegel
62. “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
63. “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

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

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

66. “Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.”
    ― Warren Buffett
67. “The key to making money in stocks is not to get scared out of them.” – Peter Lynch
68. “Courage taught me no matter how bad a crisis gets … any sound investment will eventually pay off.” — Carlos Slim Helu
69. “Investing puts money to work. The only reason to save money is to invest it.” – Grant Cardone
70. “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
71. “Given a 10% chance of a 100 times payoff, you should take that bet every time.” — Jeff Bezos
72. “Money is always eager and ready to work for anyone who is ready to employ it.” ― Idowu Koyenikan
73. “The secret to investing is to figure out the value of something – and then pay a lot less.” – Joel Greenblatt
74. “We don’t have an analytical advantage, we just look in the right place.” – Seth Klarman
75. “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
76. “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
77. “No Price is too low for a bear or too high for a bull.” — Anonymous
78. “Investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future.” Anonymous
79. “Behind every stock is a company. Find out what it’s doing.” — Peter Lynch
80. “Wise spending is part of wise investing. And it’s never too late to start.” –Rhonda Katz
81. “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
82. “A bull market is like sex. It feels best just before it ends.” — Barton Biggs
83. “The investor’s chief problem — even his worst enemy — is likely to be himself.” — Benjamin Graham
84. “No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation.” – Robert Rhea
85. “Money is like a sixth sense – and you can’t make use of the other five without it.” – William Somerset Maugham
86. “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” — Albert Einstein
87. “Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results” — Warren Buffett
88. “The stock market is a device for transferring money from the impatient to the patient.” – Warren Buffett
89. “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
90. “Investing puts money to work. The only reason to save money is to invest it.” – Grant Cardone
91. “You cannot save time for your future use however you can invest time for your future.” – John F. Heerdink, Jr. 
92. “Know what you own, and know why you own it.” – Peter Lynch
93. “Liquidity is only there when you don’t need it.” -Old Proverb
94. “If you want to be a millionaire, start with a billion dollars and launch a new airline.” – Richard Branson
95. “Fear incites human action far more urgently than does the impressive weight of historical evidence.” – Jeremy Siegel
96. “In investing, what is comfortable is rarely profitable.” – Robert Arnott
97. “Spend each day trying to be a little wiser than you were when you woke up.” – Charlie Munger
98. “The entrance strategy is actually more important than the exit strategy.” – Edward Lampert
99. “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
100. “It is impossible to produce superior performance unless you do something different from the majority.” – John Templeton
101. “An investment in knowledge pays the best interest.” – Benjamin Franklin.
102. “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
103. “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
104. “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
105. “If all the economists were laid end to end, they’d never reach a conclusion. -George Bernard Shaw
106. “There are old traders and there are bold traders, but there are very few old, bold traders.”-Ed Seykota
107. “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.”
108. “As long as you enjoy investing, you’ll be willing to do the homework and stay in the game.” -Jim Cramer
109. “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
110. “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
111. “The policy of being too cautious is the greatest risk of all.” -Jawaharlal Nehru
112. “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
113. “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
114. “The four most dangerous words in investing are: ‘this time it’s different.” -Sir John Templeton
115. “Money doesn’t make you happy. I now have $50 million but I was just as happy when I had $48 million.” -Arnold Schwarzenegger