‘Uncle Jerry’ Resets Stock Market This Week With His ‘Very Premature’ Rhetoric – $AG $FSLR $JPM $NVDA $SHIP Rise!

Happy Saturday All!

I hope all is well and that you are having a wonderful weekend.  As for the markets this week, investors overall realized a reversal of sorts after a the nice and recent rebound that left many quite disturbed. The concern came as the Fed moved up interest rates once again by .75 basis points as was expected, however, then Fed Chair ‘Uncle Jerry’ Powell went on a war path of sorts during his speech and questions session. He indeed made sure that everyone understood that it was his show and that his program confirmed that the talk of beating inflation was indeed ‘very premature’ and that rates are set to move much higher. The Fed now seems it is now moving interest rates towards a peak fund rate between 5-5.3% by March 2023. In turn, the markets again legged lower overall despite a nice bounce on Friday that came as the job data report revealed that the unemployment rate rose to 3.7%.  

In turn, the S&P 500 closed at 3,771 down 3.3% for the week, and is now down 20.9% YTD. Adding to the pressure on the S&P was the 6.82% weighting of Apple (AAPL) shares, which closed at $138.38 down 11.15% over the last 5-days experiencing one its worst performing performing week’s that I can remember, at least in recent times. The Dow 30 closed lower at 32,403 and down 1.4% for the week and is now down on 10.8% YTD. The Nasdaq closed at 10,475 chunking down a meaty 5.6% weekly & is now down a whopping 33% YTD. Curiously, the CBOE Volatility Index (^VIX) closed at $24.55, -4.66% over the last 5-days and remains up +42.57% YTD. The small caps on the Russell 2000 also fell this week and closed at 1,799.87 down 2.55% for the week & is now down 19.84% YTD. The MicroCaps reversed tracks as well as the iShares Micro-Cap ETF (IWC) closed at $110.55, 2.12% over the last 5-days and is now down 20.88% YTD. 

In the US, the yield curve ended the week with the 2-yr note yield moving up 25 basis points at 4.69% & the 10-yr note yield moved up to end at 4.164%. Oil prices closed on Friday to end at $92.53/bbl, up 5.3% this week, despite President Biden’s move to deplete our reserves in his battle with OPEC+, Russia, etc. The US dollar ticked up this week as it moved up from last Friday’s close of $110.67 to $110.79.

THE MAC REPORTS

BIOTECH AND HEALTHCARE

Biotech stocks moved overall lower this week and the smaller you were in general the more that was the case. Overall the Nasdaq Biotechnology ETF (IBB) pulled back and closed at $128.34, -1.03% over the last 5-days, & is down -15.91% YTD. The NYSE ARCA Biotech Index (^BTK) closed at 4,930.50, -.19% over the last 5-days and is now down -10.65% YTD. The SPDR S&P Biotech ETF (XBI) closed at $79.96, -4.54% over the last 5-days & is now down 28.58% YTD. The 52-week range is is now $61.78-$133.33.

The iShares U.S. Healthcare ETF (IYH) closed at $271.52, -1.79% over the last 5-days. 

EV, TECH, CONSUMER, FINANCIALS

Apple (AAPL) closed at $138.38, -11.15% over the last 5-days. Apple represents a 6.82% weighting in the S&P 500. Last week, Apple reported its fiscal Q4 earnings confirming record revenue, but missed Wall Street’s expectations with regard to iPhone & their services segment.  

EV giant Tesla (TSLA) closed at $207.47, -9.21% over the last 5-days.

 

 

Shares of ADT Inc. (ADT), the most trusted brand in smart home and small business security, closed at $8.49, -2.41% over the last 5-days.

 

On Oct. 13, ADT, announced that it has issued and sold in a private placement to State Farm 133.3 million shares of ADT common stock for a gross purchase price of $1.2 billion. In September, ADT announced a new partnership with State Farm to revolutionize the homeownership experience through innovation in the detection and mitigation of property losses. In addition to the equity investment, State Farm has committed up to $300 million to fund product and technology innovation, customer growth and marketing activities in connection with the partnership. State Farm has funded the first $100 million and the two companies will collaborate to approve initiatives utilizing the funds.

Shares of JPMorgan (JPM) closed at $130.68, +3.65% over the last 5-days. On November 3, Chase Home Lending announced the expansion of its $5,000 Homebuyer Grant program to nearly 5,000 Hispanic and Latino communities in 20 markets across the country. The grant can be applied toward two of the biggest barriers to homeownership—the upfront cash needed for a down payment and closing costs..

Amazon.com, Inc. (NASDAQ: AMZN) $90.98, -12.02% over the last 5-days. On Thursday, November 3, Amazon and the U.S. Agency for International Development (USAID) announced that they are launching a public-private partnership to address the gender inequities that exist for women in the climate finance ecosystem and support female entrepreneurs with the resources they need to accelerate climate change innovations. Amazon will commit a total of $53 million to help accelerate women’s climate solutions, including $3 million toward the USAID partnership and $50 million for Amazon to invest directly in climate tech companies run by women.

Shares of Microsoft Corp. (MSFT) closed at $221.39, -6.14% over the last 5-days. On Nov. 3, Raytheon Technologies announced that it is deepening its collaboration with Microsoft to equip the aerospace and defense company’s employees with cloud-based tools, technologies, and platforms to enhance collaboration, optimize operations and unlock intelligent insights that drive greater value for customers. The effort includes co-development of capabilities, as well as Raytheon Technologies’ use of existing or modified versions of popular Microsoft solutions such as Microsoft Teams. It is part of the company’s strategy to optimize operations and give employees access to standardized digital tools globally. Last week, Microsoft, reported its fiscal Q1 results beating expectations, but offered lower guidance. Microsoft highlighted that its cloud-computing services provided strength, but then its Azure infrastructure business increased at a slower than expected rate.

Shares of Salesforce, Inc. (CRM) closed at $139.77, -14.26% over the last five days. Activist hedge fund Starboard Value founder Jeff Smith recently revealed buying a stake in the enterprise software maker. Salesforce has been recognized by Gartner as a Leader in the 2022 Magic Quadrant for Sales Force Automation Platforms. It is the 16th consecutive year that Salesforce has received this recognition. On September 21, Salesforce announced the appointment of Robin Washington as Lead Independent Director of the Company’s Board of Directors, effective September 15, 2022. Washington, who also chairs the Board’s Audit Committee, succeeds Sanford Robertson, who will continue to serve as a Director and Chair of the Nominating and Corporate Governance Committee.

Shares of NVIDIA (NVDA), a pioneer in accelerated computing, closed at $141.56, +2.33% over the last 5-days. NVIDIA will host a conference call on Wednesday, November 16, at 2 p.m. PT (5 p.m. ET) to discuss its financial results for the third quarter of fiscal year 2023, which ended October 30, 2022. 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. On Oct. 18, Oracle and NVIDIA announced a multi-year partnership to help customers solve business challenges with accelerated computing and AI. The collaboration aims to bring the full NVIDIA accelerated computing stack — from GPUs to systems to software — to Oracle Cloud Infrastructure (OCI).

Cathie Wood’s ARK Innovation ETF (ARKK) closed at $35.22, -9.44% over the last 5-days. 

The Technology Select Sector SPDR Fund (XLK) closed at $120.99, -6.63% over the last 5-days.

Walt Disney Company (DIS) closed at $99.58, -6.01% over the last 5-days. On October 25, Reuters reported that Disney’s streaming service Disney+ stated that it would exclusively stream one of BBC’s highly revered shows, “Doctor Who”, to audiences outside the U.K. and Ireland.

The Walt Disney Company will discuss fiscal full year and fourth quarter 2022 financial results via a live audio webcast beginning at 4:30 p.m. ET / 1:30 p.m. PT on Tuesday, November 8, 2022. Results will be released after the close of regular trading on November 8, 2022. To listen to the webcast, please visit www.disney.com/investors.

Shares of McDonald’s (MCD) closed at $274.62, +.04% over the last 5-days. On October 27, McDonald’s Corporation announced results for the third quarter ended September 30, 2022 and highlighted the following: 1) Global comparable sales increased nearly 10%, with growth across all segments, 2) U.S. comparable sales increased more than 6% for the quarter, marking the ninth consecutive quarter of comparable sales growth for the segment, & 3) Digital Systemwide sales* in our top six markets were nearly $7 billion for the quarter, representing over a third of total Systemwide sales in those markets.

GOLD & SILVER

Gold prices closed at $1,685/oz., +$36/oz. & silver prices closed at $20.88/oz., +$1.63/oz. for the week.

Hecla Mining (HL) closed at $4.76, +1.93% over the last 5-days & First Majestic (AG) closed at $8.96, +6.67% over the last 5-days. 

On Nov. 1, First Majestic Silver Corp. announced positive drilling results from its ongoing exploration program at the Jerritt Canyon Gold Mine located in Elko County, Nevada. The 2022 drilling campaign at Jerritt Canyon consists of short-term focused underground core drilling testing extensions of known ore controls near active mining; mid-term focused drilling planned to validate/test the presence of mineralized volumes near historic workings; and long-term focused drilling aiming to make new gold discoveries in the district.

On Sept. 7,  Hecla Mining Company and Alexco Resource Corp. (NYSE American: AXU; TSX:AXU) announced that the Alexco acquisition has been completed.

MEMES CENTRAL

AMC Entertainment (AMC) closed at $5.65, -13.21% over the last 5-days. AMC is set to report its earnings on Nov. 8. Reportedly, AMC’s LA-based theaters have added “Laser” and can can expect improved picture contrast, maximum picture brightness, & apparently a more vivid color on-screen. On October 24, Fathom Events, a recognized leader in the entertainment industry as one of the top distributors of content to movie theaters in North America that is owned by AMC Entertainment, Cinemark Holdings, Inc. (NYSE: CNK); and Regal, a subsidiary of the Cineworld Group (LSE: CINE.L), announced that “The Dark Crystal” is returning to the big screen in celebration of its 40th Anniversary. The movie is a masterful, live-action fantasy starring some of the most imaginative creatures ever put on film. Do you remember it?

GameStop (GME) closed at $26.51, -5.89% over the last 5-days as the shorts won this week. Note that approx. 20% of GME’s outstanding shares are sold short landing it with a short interest ratio of 7.6. On Sept 7th, GameStop released financial results for the second quarter ended July 30, 2022. Net sales were $1.136 billion for the quarter, compared to $1.183 billion in the prior year’s second quarter. Sales attributable to collectibles, which is a segment the Company intends to grow over the long-term, were $223.2 million for the quarter, compared to $177.2 million in the prior year’s second quarter. Selling, general and administrative expenses were $387.5 million for the quarter, representing a sequential decline of 14.3% from the first quarter of 2022 and reflecting, in part, the Company’s focus on right-sizing costs following a period of significant investment in long-term initiatives. After the close today, September 7, GameStop Corp. also announced that it has entered into a partnership with FTX US (“FTX”). The partnership is intended to introduce more GameStop customers to FTX’s community and its marketplaces for digital assets. In addition to collaborating with FTX on new ecommerce and online marketing initiatives, GameStop will begin carrying FTX gift cards in select stores. During the term of the partnership, GameStop will be FTX’s preferred retail partner in the United States. The financial terms of the partnership are not being disclosed.

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) closed at $.4783, +3.98% over the last 5-days. On Oct. 13, Seanergy announced the closing of its previously announced $28.0 million term loan secured by two 2010-built Capesize vessels, M/V Fellowship and M/V Premiership, with a prominent European financing institution. The facility has refinanced an existing facility at an interest rate is 2.50% plus SOFR per annum compared to 3.50% plus LIBOR in the previous facility secured by the same vessels. The $28 million principal will amortize over a five-year term through quarterly instalments averaging approximately $1.2 million and a $4.1 million final balloon payment at maturity.

CRYPTO & BITCOIN

Bitcoin (BTC) closed nicely above the 20k mark at $21,100.07, +2.95% over the last 5-days at the time this report was prepared. 

ENERGY

The Energy Select Sector SPDR Fund or ETF (XLE) closed at $91.42, +2.43% over the last 5-days. Chevron (CVX) closed at $183.42, +1.91% over the last 5-days. Warren Buffet’s pick in the space, Occidental Petroleum (OXY) closed at $72.27, +1.99% over the last 5-days.

Shares of First Solar, Inc. FSLR) rose to $153.62, +15.79% over the last 5-days. On October, 27 FSLR announced that it plans to invest approximately $270 million in a dedicated research and development (R&D) innovation center in Perrysburg, Ohio. The new facility is believed to be the first of its scale in the United States and is expected to accelerate American leadership in the development and production of advanced thin film photovoltaics (PV).

Oil prices closed on Friday to end at $92.53/bbl, up 5.3% this week.

NEXT WEEK

A full set of 5 trading days will be back in play next week… Expect volatility. 

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, please see the summaries  from the VP Watchlist below:

Shares of InMed Pharmaceuticals Inc. (INM), a leader in the research, development and manufacturing of rare cannabinoids, closed at $2.50.

• On Oct. 26, InMed announced that it is supporting initiatives to raise awareness of epidermolysis bullosa, a group of rare genetic connective tissue disorders. Epidermolysis Bullosa Global Awareness Week is October 25-31, 2022.

• Alexandra Mancini, Senior Vice President of Clinical and Regulatory Affairs for InMed commented, “In severe cases of epidermolysis bullosa, or EB, the very fragile skin tears easily and forms painful blisters and open wounds that do not heal quickly. EB is a very important but rare disease that does not get the attention it deserves. EB Awareness Week is an opportunity for the community to come together to raise awareness about epidermolysis bullosa to foster the necessary research and resources to work towards better treatments and, eventually, a cure to improve the lives of those with EB. InMed has undertaken a Phase 2 study in patients with EB in the hope that its cannabinol cream will provide important symptom benefit.”

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 and let’s find ways to crush it again this year!

Investing & Inspiration

1. “I want to put a ding in the universe.” – Steve Jobs

2. “Research is creating new knowledge.” – Neil Armstrong

3. “The reward for work well done is the opportunity to do more.” – Jonas Salk
4. “Man is a creative retrospection of nature upon itself.” – Karl Wilhelm Friedrich Schlegel
5. “There’s something about taking a plow and breaking new ground. It gives you energy.” – Ken Kesey

6. “Success seems to be largely a matter of hanging on after others have let go.” – William Feather

7. “The essential conditions of everything you do must be choice, love, passion.” – Nadia Boulanger

8. “More business is lost every year through neglect than through any other cause.” – Rose Kennedy

9. “Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” – Archimedes

10. “A person who won’t read has no advantage over one who can’t read.” – Mark Twain

11. “The best way out is always through.” – Robert Frost

12. “Start by doing what’s necessary; then do what’s possible; and suddenly you are doing the impossible.” – Francis of Assisi

13. “Without labor nothing prospers.” – Sophocles

14. “Intellectuals solve problems, geniuses prevent them.” – Albert Einstein

15. “This is the precept by which I have lived: Prepare for the worst; expect the best; and take what comes.” – Hannah Arendt

16. “The best and most beautiful things in the world cannot be seen or even touched – they must be felt with the heart.” – Helen Keller

17. “He who is brave is free.” – Lucius Annaeus Seneca

18. “When something is important enough, you do it even if the odds are not in your favor.” – Elon Musk

19. “I choose a block of marble and chop off whatever I don’t need.” – Auguste Rodin

20. “Hope is the only bee that makes honey without flowers.” – Robert Green Ingersoll

21. “He who knows that enough is enough will always have enough.” – Lao Tzu

22. “Plans to protect air and water, wilderness and wildlife are in fact plans to protect man.” – Stewart Udall

23. “In order to carry a positive action we must develop here a positive vision.” – Dalai Lama

24. “A hero is someone who understands the responsibility that comes with his freedom.” – Bob Dylan
25. “Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.” – Kevin Brady
26. “If we give something positive to others, it will return to us. If we give negative, that negativity will be returned.” – Allu Arjun
27. “A good plan violently executed now is better than a perfect plan executed next week.” ~ George S. Patton
28. “You must do the things you think you cannot do.”- Eleanor Roosevelt
29. “Success is dependent on effort.” – Sophocles
30. “Nobody who ever gave his best regretted it.” – George Halas
31. “Lots of people want to ride with you in the limo, but what you want is someone who will take the bus with you when the limo breaks down.” ~ Oprah Winfrey
32. “And when I breathed, my breath was lightning.” – Black Elk
33. “Moderation is the silken string running through the pearl chain of all virtues.” – Joseph Hall
34. “You are the sum total of everything you’ve ever seen, heard, eaten, smelled, been told, forgot – it’s all there. Everything influences each of us, and because of that I try to make sure that my experiences are positive.” – Maya Angelou
35. “If you want a guarantee, buy a toaster.” – Clint Eastwood
36. “We are an impossibility in an impossible universe.” – Ray Bradbury
37. “If you think in terms of a year, plant a seed; if in terms of ten years, plant trees; if in terms of 100 years, teach the people.” – Confucius
38. “I’d rather attempt to do something great and fail than to attempt to do nothing and succeed.” – Robert H. Schuller
39. “Do your little bit of good where you are; it’s those little bits of good put together that overwhelm the world.” Desmond Tutu
40. “It takes considerable knowledge just to realize the extent of your own ignorance.” – Thomas Sowell
41. “Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment.” – Buddha”
42. Surprise is the greatest gift which life can grant us.” –  Boris Pasternak
43. “Trust in dreams, for in them is hidden the gate to eternity.” – Khalil Gibran 
44. “Always be yourself, express yourself, have faith in yourself, do not go out and look for a successful personality and duplicate it.” – Bruce Lee
45. “All life is an experiment. The more experiments you make the better.” – Ralph Waldo Emerson
46. “There are no secrets to success. It is the result of preparation, hard work, and learning from failure.” –  Colin Powell
47. “There is more to life than increasing its speed.” – Mahatma Gandhi
48. “Your attitude is like a box of crayons that color your world. Constantly color your picture gray, and your picture will always be bleak. Try adding some bright colors to the picture by including humor, and your picture begins to lighten up.” – Allen Klein
49. “Definiteness of purpose is the starting point of all achievement.” – W. Clement Stone
50. “Success usually comes to those who are too busy to be looking for it.” – Henry David Thoreau
51. “In matters of truth and justice, there is no difference between large and small problems, for issues concerning the treatment of people are all the same.” – Albert Einstein
52. “Life is too short for long-term grudges.” – Elon Musk
53. “There cannot be a crisis next week. My schedule is already full.” – Henry Kissinger
54. “Success consists of getting up just one more time than you fall.” – Oliver Goldsmith
55. “The Earth is the cradle of humanity, but mankind cannot stay in the cradle forever.” – Konstantin Tsiolkovsky
56. “Ours is a world of nuclear giants and ethical infants. We know more about war that we know about peace, more about killing that we know about living.” – Omar N. Bradley
57. “Beauty surrounds us, but usually we need to be walking in a garden to know it.” – Rumi
58. “But man is not made for defeat. A man can be destroyed but not defeated.” – Ernest Hemingway
59. “Don’t watch the clock; do what it does. Keep going.” – Sam Levenson
60. “Let there be work, bread, water and salt for all.” – Nelson Mandela
61. “The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.” – John Maynard Keynes
62. “A successful society is characterized by a rising living standard for its population, increasing investment in factories and basic infrastructure, and the generation of additional surplus, which is invested in generating new discoveries in science and technology.” – Robert Trout
63. “I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones.” – Albert Einstein
64. “It is the fight alone that pleases us, not the victory.” – Blaise Pascal
65. “If you can’t describe what you are doing as a process, you don’t know what you’re doing.” – W. Edwards Deming
66. “Never interrupt your enemy when he is making a mistake.” – Napoleon Bonaparte
67. “Be sure you put your feet in the right place, then stand firm.” – Abraham Lincoln
68. “Without investment there will not be growth, and without growth there will not be employment.” – Muhtar Kent
69. “You have to do your own growing no matter how tall your grandfather was.” – Abraham Lincoln
70. “Victory has a thousand fathers, but defeat is an orphan.” – John F. Kennedy
71. “Delete the negative; accentuate the positive!” – Donna Karan
72. “It’s crazy how fast time flies and how things progress.” – Nathan Chen
73. “The world is a dangerous place to live; not because of the people who are evil, but because of the people who don’t do anything about it.” – Albert Einstein
74. “Life isn’t about finding yourself. Life is about creating yourself.” – George Bernard Shaw
75. “Everything has beauty, but not everyone sees it.” – Confucius
76. “A man must be big enough to admit his mistakes, smart enough to profit from them, and strong enough to correct them.” – John C. Maxwell
77. “Walking with a friend in the dark is better than walking alone in the light.” – Helen Keller
78. “A man who dares to waste one hour of time has not discovered the value of life.” – Charles Darwin
79. “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
80. “Progress is man’s ability to complicate simplicity.” – Thor Heyerdahl
81. “I like to encourage people to realize that any action is a good action if it’s proactive and there is positive intent behind it.” – Michael J. Fox
82. “Nothing is impossible, the word itself says ‘I’m possible’!” – Audrey Hepburn
83. “But investment in space stimulates society, it stimulates it economically, it stimulates it intellectually, and it gives us all passion.” – Bill Nye
84. “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
85. “Life is a tragedy when seen in close-up, but a comedy in long-shot.” – Charlie Chaplin
86. “No matter what you’re going through, there’s a light at the end of the tunnel and it may seem hard to get to it but you can do it and just keep working towards it and you’ll find the positive side of things.” – Demi Lovato
87. “Infrastructure investment in science is an investment in jobs, in health, in economic growth and environmental solutions.” – Oren Etzioni
88. “Educating our children and giving them the skills they need to compete in a global economy is a smart investment in our country’s future.” – Sheldon Whitehouse
89. “Know thy self, know thy enemy. A thousand battles, a thousand victories.” – Sun Tzu
90. “If one does not know to which port one is sailing, no wind is favorable.” – Lucius Annaeus Seneca
91. “Beware of missing chances; otherwise it may be altogether too late some day.” – Franz Liszt
92. “The sofa is a really important investment for anybody, and I don’t mean financially. You need to find a really great sofa that can transition with you, and you can build from there.” – Jeremiah Brent
93. “There is no investment you can make which will pay you so well as the effort to scatter sunshine and good cheer through your establishment.” – Orison Swett Marden
94. “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
95. “There is little that can withstand a man who can conquer himself.” – Louis XIV
96. “In tennis, you strike a ball just after the rebound for the fastest return. It’s the same with investment.” – Masayoshi Son
97. “A camel makes an elephant feel like a jet plane.” – Jackie Kennedy
98. “The advance of technology is based on making it fit in so that you don’t really even notice it, so it’s part of everyday life.” – Bill Gates
99. “Success depends upon previous preparation, and without such preparation there is sure to be failure.” – Confucius, Chinese 
100. “Coming together is a beginning; keeping together is progress; working together is success.” – Edward Everett Hale
101. “Never do anything against conscience even if the state demands it.”– Albert Einstein
102. “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey
103. “The true measure of a man is how he treats someone who can do him absolutely no good.” – Samuel Johnson
104. “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
105. “A successful society is characterized by a rising living standard for its population, increasing investment in factories and basic infrastructure, and the generation of additional surplus, which is invested in generating new discoveries in science and technology.” – Robert Trout
106. “The best preparation for tomorrow is doing your best today.” – H. Jackson Brown, Jr.
107. “Friendship marks a life even more deeply than love. Love risks degenerating into obsession, friendship is never anything but sharing.” – Elie Wiesel
108. “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
109. “Success isn’t measured by money or power or social rank. Success is measured by your discipline and inner peace.” – Mike Ditka
110. “No matter how many goals you have achieved, you must set your sights on a higher one.” – Jessica Savitch 
111. “Start where you are. Use what you have. Do what you can.”– Arthur Ashe
112. “The secret of getting ahead is getting started.” – Mark Twain
113. “The amount of work and the amount of both physical and emotional investment it takes to get to the top.” – Drew Bledsoe