By Mark Lawhead
Contributing Writer
Market Summary
Overall, the markets took a dive over the past week as international turmoil took the headlines and forced money managers on Wall Street to find alternative investments.
Oil and gas prices remain low amidst the turmoil, as tension with Russia remains at the forefront of the global markets.
If you are interested in joining SIMM next year, you can take it as a class or as an extracurricular activity. Any major and all experience levels are welcome. Researching companies and presenting recommendations provide education that can’t be found in any other class. If you are interested feel free to contact Steve Zimmer at zimmersm11@bonaventure.edu
This Week
Long Fund: $267,404
Energy Fund: $259,000
GAINERS
HYG 7.19%
EPD 1.1%
ADP .06%
MO .3%
LOSERS
F -9.2%
GLOG -6.9%
HOG -3.9%
NOV -3.1%
Trading Activity
SELL
Caterpillar (CAT)
Caterpillar manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel electric locomotives worldwide. CAT has faced headwinds as the mining industry began to shrink over the past few years given the United States shale revolution. CAT has had shrinking sales growth over the past two years, and we feel that our money is best invested in alternate position.
SELL
Phillips 66 (PSX)
PSX is an energy manufacturing and logistics company that produces natural gas liquids and petrochemicals. As refining companies are taking a hit as the spread between domestic and international oil prices shrink, the margins for refiners continue to shrink as well.
BUY
Commercial Metals Company (CMC)
CMC operates steel minimills, steel fabrication plants and metal recycling facilities in the U.S. and Poland. The company also buys and sells steelmaking raw materials and unfinished metal products worldwide. As we are expecting to see a comeback in steel prices, we feel that CMC is one of the best investments to take advantage of in this industry.
scardema11@bonaventure.edu
