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Econ Advisory November 7, 2017
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Portfolio Performance
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Portfolio Highlights QuintilesIMS jumped around 6% after beating earnings Dominoes Pizza (DPZ) fell 1.9% even after beating earnings -Even though the company reported 8.4 percent domestic same-store sales growth, investors may have been disappointed. -Shares had rallied more than 17 percent since the end of August through Wednesday's close. Alphabet (GOOG) rolling out wait times for restaurants on Google Maps Salesforce (CRM) partnership with Google’s Analytics 360 Suite
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Econ / Market Summary 1. Jobs! 2. Interest Rates
US created 261,000 jobs October, up from -31,000 in September Because September was so low, 310,000 were expected but still strong number Unemployment rate fell to 4.1% in October which is an unprecedented low 2. Interest Rates Fed on track to raise rates in December Move range from 1.25% – 1.5% 3. Saudi Businessmen Arrested Dozen of Saudi princes and businessmen were arrested on corruption charges over weekend Alwaleed bin Talal famous for Lyft and Twitter investments Kingdom Holdings tanked Monday 4. CVS – Anthem Offered bid to Anthem to acquire insurance business $66B transaction value
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Upcoming Events Middlebury to Silicon Valley: Tales of a Liberal Arts background in Tech – Thursday 12:30pm – 1:30pm in ADK Library How to Find Summer Internships – November 14th at 5:30pm Coltrane Lounge MS Student Talk – November 15th from 6:00pm – 7:00pm Axxin 229 SIC Events… - Meeting next week Tuesday - Industry group meetings
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