Transcript Ross Finance Club Weekly Breakout Sales, Trading, and Research

Ross Finance Club Weekly Breakout
Sales, Trading, and Research
October 3, 2004
Zachary Emig
MBA Class of 2005
Items of Note
• Intro to Tozzi next Sunday (files on CD)
• Bloomberg Certification classes in Tozzi
• Wall Street Forum applications due next week
• MBA1 iMpact resume deadline on October 15th
• The Finance Club website has been refreshed,
and its calendar is now updated with
upcoming events
• FinClub Coursepack: Sections 1, 2, 5-8 most
applicable to S&T; Section 10 (Technical Reference) is very IBspecific
This Week’s News
• This week: Dow up 1.5% to 10,192; S&P up 2%
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to 1131; Nasdaq up 3.3% to 1942 (Q3 #s for
each: -3.4%, -2.3%, -7.4%)
Oil briefly touches $50 a barrel on Monday due
to Nigeria rebel situation; closes above $50 on
Friday
Google pops 7% on Tuesday as Morgan Stanley,
CSFB initiate with buy recommendations
Thursday, Merck stock drops 27% as Vioxx
pulled; largest DJIA component drop since ‘01
Q2 GDP finalized at 3.3%
Strong Chicago PMI (manufacturing), housing
numbers
Upcoming Week
• Tuesday (10/5): ISM non-manufacturing
index
• Friday (10/8): September payroll,
unemployment numbers (what’s the
recent history, what does the market
expect?)
• Earnings announcements:
– Thursday: Marriott International
– Friday: General Electric
http://www.briefing.com/Silver/Calendars/EconomicCalendar.htm
Next Week
In next Sunday’s breakout we’ll talk about
how to prepare for the WSF:
• What is your story?
• What is a stock pitch?
• What is a view on the economy?
• What are informational interviews like?
Why should I do them? How do I set
them up?
• What should I be doing now?
• The economy, markets, banks
• Sign-up sheet going around
• Research CD-ROM going around
• 3 guides to resumes up front for pickup