10/30/07 - General Meeting

OIG General Meeting! 10/30/07

Thursday 7:30 Dalton 25– 11/1
Laurie - Alum from ING is coming – graduated from BMC in 1979
CFI – Charted Financial Analyst
What it is like to work in the Finance industry as a woman?

Friday 4-5PM HC, Swarthmore Room – 11/2
Credit Suisse – Haverford Alum
Careers in finance, how to interview, tips and advice

Amita Tomkoria – Haverford Alum ‘06
Works at GE in the Financial Management Program
Wants to share with undergraduates about her experiences
Please email her if you are interested
Making connections with alumni is really important
Amita.tomkoria@ge.com

Portfolio

EMC Corporation went from $22.50 and $25.00
Made $2000 in just this week

80% of our stocks are domestic stocks
20% are foreign
We want to work to make that more like 60/40 or at least 70/30.

Don’t have any media or telecomm stocks
Have a lot of financial services, hardware, and consumer services
We need our portfolio to be invested in energy.

Energy Presentation
It is important for us to have the energy sector in our portfolio because in the long-run it will give us a large return.
Oil and gas stocks did much better than the S&P 500.
Exxon, Occidental – are among a few that are doing very well.
Oil prices are rising! Boosted the overall performance of all these oil stocks.
Now there are forecasts that the oil prices will decrease, so b/c of the number of people selling the oil stocks the oil stocks prices are down.
We need to decide if we think the oil stocks will rise or not, should we buy?
If we were to buy one, it should be Exxon.

Members will choose a certain sector that they find interesting.
Stay in that sector for the rest of the semester.
This way you can really get to know the sector. What causes changes in those stocks? What stocks are in that sector? What are the price changes?


Finance
Merrill Lynch’s CEO resigned.
Goldman is underperforming S&P 500.
Most of the stocks are underperforming. Due to economic situation with banks now.

Transportation
Want to sell Southwest Airlines and to buy Lockheed Martin, which makes satellites and military aircraft
Why not Boeing?
Higher earning and a lower P/E ratio.
Harley Davidson is doing bad, bad, bad! We want to buy Exxon instead.

Technology and Retail
No updates!