General Body Meeting of 9/22/23: Market Update, Personal Finance, & Buy Pitch

Consumer Spending Analyst Tim Jimenez ‘25 and Vladimir Necula reported the market update on Friday, September 22. The overview touched on the FED FOMC meeting, rate hikes, and recent IPOS.

Vice President Aykut Ugurlar ‘24 and Energy Analyst Evan O’Connell ‘24 held an educational segment on personal finance and opening up a brokerage account. They touched on three well-known platforms, Robinhood, Charles Schwab, and Interactive Brokers, sharing the pros and cons of each platform.

Industrials Analyst Johnny Blazakis ‘25 & Jimmy Paugh ‘26 conducted a buy pitch for Consolidated Edison. The presentation included an overview of global market trends, industry drivers, and industry performance. The presentation highlighted the company’s substantial market share, consistent financials, and exposure to both value and growth. The club elected to purchase $15,000 of Con Edison. The meeting concluded with a vote for a partial sale of American Water Works, selling half of the $30,800 position.

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