Econ Advisory February 26, 2018 | Cam Allan

Portfolio Performance Portfolio Market Value $658,921.68

Portfolio Highlights Nvida (NVDA) and Rockwell Collins Inc. (COL) sales per share are up 41% and 34% over the past year 3M (MMM) set to pay $850MM to settle Minnesota PFC lawsuit Chevron Corp (CVX) downgraded from perform to underperform by RBC Veeva Systems Inc. (VEEV) upgraded to overweight by MS What To Watch For Vevva Systems Inc. (VEEV) to announce earnings report on Tuesday, February 27 Salesforce.com Inc. (CRM) to announce earnings report on Wednesday, February 28

DJIA Performance Source: Wall Street Journal Advanced Charting. http://quotes.wsj.com/index/SPX/advanced-chart

SPX Performance Source: Wall Street Journal Advanced Charting. http://quotes.wsj.com/index/SPX/advanced-chart

Bitcoin Performance Source: Wall Street Journal Advanced Charting. http://quotes.wsj.com/index/SPX/advanced-chart

Market Summary US Stocks continue to recover from correction; tech stocks surge, rate fears subside VIX down 57.7% to 15.80 from 37.32 on February 5 Despite correction, market outlook is still positive; note profitability across industries Trump tax cuts yield $29B gain for Berkshire Hathaway in 2017 Multitude of companies distance themselves from the NRA (i.e. UAL and DAL) Dropbox files for IPO on Friday; share sale could occur by March 19 Tech company worth more than $1B in revenue However, 11M paying users out of 500M total

Micron Technology (NASDAQ: MU) Source: Wall Street Journal Advanced Charting. http://quotes.wsj.com/index/SPX/advanced-chart

Applied Materials (NASDAQ: AMAT) Source: Wall Street Journal Advanced Charting. http://quotes.wsj.com/index/SPX/advanced-chart

MU and AMAT Fundamentals P/E PEG P/S P/CF S&P BMI Info Tech 31.20 N/A 4.21 18.77 MU 7.33 0.27 2.32 6.01 AMAT 15.90 0.83 3.88 15.64 Source: Bloomberg Terminal

Upcoming Events At Middlebury GS Diversity Meet & Greet on February 27 at 6pm in Adirondack House GS Firmwide Info Session on February 27 at 7:15pm in MBH 216 GS Women’s Breakfast on February 28 from 8:30 to 9:30am in Coltrane Lounge GS Divisional 101 Chats with Alumni on February 28 MS Info Session on March 6 at 6pm in Atwater Dining Hall Barclays Info Session on March 19 at 6:30pm in Hillcrest 103 Markets Fed meeting on March 20-21