1. MIDDLEBURY COLLEGE STUDENT INVESTMENT COMMITTEE 12th March 2018
Econ Advisory
MIDDLEBURY COLLEGE
STUDENT INVESTMENT COMMITTEE
12th March 2018

2. Portfolio Overview Total Value: $673,453.79 Today's Change:
$ = 0.08%

3. Market Overview – S&P 500 Up 3.25% Since January
Continues rebound from drop in early February
  2,783.02
Down 0.13% Today

4. Market Overview - DJIA

5. 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!!

6. 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

7. 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

8. 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