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Lafayette Investment Club

11/05/10. Lafayette Investment Club. CLUB news FINANCIAL news PORTFOLIO overview SECTORS sign up ! WHAT IS AN ADR? BAIDU presentation (vote!). AGENDA. SOLD TY , BOUGHT VESTAS WALL STREET 2 – good time! SPOT party - not too many people showed up 

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Lafayette Investment Club

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  1. 11/05/10 Lafayette Investment Club

  2. CLUB news FINANCIAL news PORTFOLIO overview SECTORS sign up! WHAT IS AN ADR? BAIDU presentation (vote!) AGENDA

  3. SOLD TY, BOUGHT VESTAS WALL STREET 2 – good time! SPOT party - not too many people showed up  Next meeting: next Friday, Nov 12th Trip: Thu, Nov 11thDeSales University– Art/Business Conference, sign up with Career Services Speaker: Holly Paul ’94, PWC, Monday, Nov 15thOechsle Hall Club News

  4. High Unemployment - 9.6% (Stable/Stubborn) ECI Wages and Salaries: just over 1.5%, slow and relatively stable recently Retail Sales: very strong recently and for quite a while Profits & Earnings have been large + new orders also strong. Consumer Sentiment: 67.7, has been on a downward Trajectory Consumer Spending: Slow Growth GDP Growth: Slowing down Housing Sector: BAD!!! Home sales(both new and old) remain weak Inflation Subdued (Core PCE:1.4%) Inflation Expectation Fell in Sept Financial news MIXED !!!

  5. QE2($600 billion of U.S. government bonds) Stock (Dow Jones Up by 1.96%, SP 500 up by 1.94%) Inflation Expectation just turned to rise What’s New This week

  6. Total AUM: approx. $350,000 Cash: approx. $30, 000 Beta = .89 (up from .81) Number of positions: 42 PORTFOLIO

  7. Performance • S&P 500 YTD 8% • Portfolio YTD approx. 8.5%

  8. TOP 11 Holdings

  9. SCCO (PCU) 147% DBB 104% IBM85% AKAM85% KMR64% CAT43% TOP PERFORMERS

  10. BAC(only .7%)68% MFC44% GE 33% BA 19% INTC 17% GILD 16% WORST PERFORMERS

  11. $6,178 IN A DAY How much did we make yesterday?

  12. Sectors

  13. TMT (TECH, MEDIA, Telecom)

  14. ENERGY & Commodities

  15. Financials

  16. HEALTHCARE and Biotech

  17. Consumers and industrials

  18. Markets have experienced a high correlation • Reasons: • ETFs • Macro driven trading • => PICK A SECTOR and follow it • => MAKE GROUP PROPOSALS ON SECTORS Active management

  19. Sectors – PLEASE SIGN UP! • TECHNOLOGY • FINANCIALS • ENERGY • HEALTHCARE • CONSUMERS

  20. What is an ADR?

  21. Represents a share of ownership in a corporation Can be traded on exchanges (NASDAQ, NYSE, etc) Can be traded OTC (in the “Pinks”) Common Stock

  22. Companies that are small May not meet exchange requirements Possibly doesn’t meet SEC requirements OTC/Pink Sheets

  23. American Depository Receipt Issued by foreign companies Traded on US exchanges Price based on home country price Allows many benefits of ownership Exposes buyer to currency risk ADR

  24. BIDU 110.06 -0.59 (-0.53%) Range 107.10 - 112.55 52 week 38.47 - 113.78 Open 112.09 Vol / Avg. 13.97M/14.10M Mkt cap 38.34B P/E 91.85 Div/yield     - EPS 1.20 Shares 348.33M Beta 1.79 BAIDU vs GOOGLE GOOG 624.27 +4.09 (0.66%) Range 622.10 - 629.92 52 week 433.63 - 629.92 Open 624.62 Vol / Avg. 3.57M/3.52M Mkt cap 199.63B P/E 25.26 Div/yield     - EPS 24.71 Shares 319.78M Beta 1.21

  25. BAIDU vs GOOGLE

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