On Friday, October 27th, first-year club member Hasnat Aslam ‘27 and Treasurer Henry Nicosia ‘24 led the Market Update. S&P, Nasdaq, and Dow Jones stock performances were highlighted. The GDP report, consumer spending, and inflation were discussed as well as the recent Exxon and Chevon oil M&A activity.
ESG Analyst Elena Duffy ‘24 and PR Chair Paraskevi Briegel ‘26 presented the ESG Sector Update. The presentation defined ESG investing, and how securities are measured by the MSCI ESG ratings, and concluded with the current portfolio ratings. The club’s holdings remain within the club’s ESG commitment.
Michael Feldman performed a Newell Brands sell pitch. Newell Brands designs, manufactures, and distributes commercial products globally. The driving factors to sell are dropping revenues, negative cash flow, high debt levels, and news the company will be removed from the S&P. After a unanimous vote, the club will sell its Newell Brands holdings.