Alright, what a start! Thank you to everyone that showed up and spent time with us for an hour. It was great seeing old faces and new…
📰What was in the News?
🎥Netflix beats earnings, finally reaching the 200m subscriber mark, which sent shares surging 10%
Biden nominates former Goldman Sachs partner Gary Gensler to the head of the SEC. Gensler is known as a financial watchdog and also someone is proficient in crypto -> check this video here where he teaches a class on the blockchain
President Biden immediately got to work. U.S. has rejoined WHO, the Paris climate agreement, enacted immigration reform, and signed a federal mask mandate. There is a clear change in the political guard. Read his budget plan here and we will discuss it next meeting.
Stocks:
🥗$SSPK: Weedmaps SPAC (Silver Spike Acquisition Group) is up 50% this week. This spike is most likely fueled on the prospect of pro-marijuana legislation from the blue controlled Congress and Pres. Biden.
🏠$ABNB: Jumped 11.47% on Thursday after Motley Fool wrote a piece, praising the stock and lauding over its potential.
👛$BTC: Dropped over 20% this week. Janet Yellen, the incoming Treasury Secretary said she would consider “curtailing” crypto-currencies in the future.
🕹$GME: Shares of Gamestop had to be halted on Friday after the stock climbed 69%!!👀 . The rally has been placed on infamous shorter, Citron research after they claimed the stock was going to $10/share, instead, it now sits at $65/share, due to momentum from Subreddit, WallStreetBets (please don’t blindly follow their trades)
🤝Meeting Recap
🥅Goals: Really interesting to hear. Keep shooting for the stars and please, please, please do not hesitate to reach out. Another thing that can be helpful is writing down where you want to go in life and than different avenues you can peruse to achieve that goal.
🚪Breakout rooms: Great job. I didn’t get to be in each room, but my room was engaged.
💴Presentation: I hope this was helpful. In the future, let me know what you all want to go over, and we can have seminars on exactly what you are interested in.
📜Merch! Fill out the Google Sheet for merch
✨Highlights of the Week:
Garret: Not only did I love his ambition to be an IB analyst in Europe, but he was also the first person to speak up and answer a question in our meeting.
Brandon Firth: Active and engaged the whole meeting. Also answered a question correctly.
Ani Jain: Great work on the Exec board!
🔮What to Look forward to:
Go over the Biden tax plan and how we think that will effect the market
Everyone come prepared to talk about 1 stock and 3 sentences or less on why someone should invest
Break out into groups based on your interest in early stage, equites, and/or operations. Also discuss the projects we will be focusing on this semester and set expectations.
Seminar on either screening for stocks, excel, or spreading financial statements
Big earnings week.
1/26: $AMD, $LMT, $NEE, $JNJ
1/27: $T, $BA, $FB
1/28: Major airlines report including, JetBlue, Southwest, American
1/29: $KKR
Quote of the week:
"Economists don't always agree, but I think there is a consensus now: Without further action, we risk a longer, more painful recession now - and long-term scarring of the economy later. Over the next few months, we are going to need more aid to distribute the vaccine; to reopen schools; to help states keep firefighters and teachers on the job,"
Janet Yellen, Incoming Treasury Secretary, and first female to hold the position