MIDDLEBURY COLLEGE STUDENT INVESTMENT COMMITTEE 12th March 2018 Econ Advisory MIDDLEBURY COLLEGE STUDENT INVESTMENT COMMITTEE 12th March 2018
Portfolio Overview Total Value: $673,453.79 Today's Change: $432.19 = 0.08%
Market Overview – S&P 500 Up 3.25% Since January Continues rebound from drop in early February 2,783.02 Down 0.13% Today
Market Overview - DJIA
In the Market Outstanding February Jobs report last Friday Economy added ~313,000 jobs, wage growth dropped a bit to 2.6% Unemployment stays steady, indicating job gains in the labor market are individuals joining the workforce Keeps markets happy with low unemployment and stagnant inflation Goldman’s Lloyd Blankfein to retire, was CEO for 12 years since 2006 David Solomon said to be next in line – Hamilton grad!!
Portfolio Veev (.061%) beat earnings last week, up to $77.64 Dominos pizza continues to do well and had sales higher than Pizza Hut for the first time ever last quarter – Up 20% this past month alone Salesforce beat earnings as well, up 18% over past month
Other News Health insurer Cigna to buy Express Scripts for $52B ($67B including debt) Vertical integration – Cigna wants more control over the prices they pay for medications GM leads race in autonomous vehicles New Cadillac reported to have best automated driving system Trump declares a 10% tariff on aluminum imports Rhetoric from other countries that this could start a “trade war” Shkreli hit with 7 years of prison for defrauding investors Broadcom continues to try to acquire Qualcomm
Calendar PJT Partners Undergraduate Woman’s Program Thursday, April 12th in NYC BAML STEM Summit for Sales and Trading Friday, April 6th Goldman Sachs Boston Symposium