On Friday, November 3rd, Industrials Analyst Johnny Blazakis ‘25 and member Kathryn Duane ‘26 led the Market Update. The Fed Outlook and FOMC Meeting were overviewed. The S&P, Nasdaq, and Dow Jones stock performances were highlighted. News headlines regarding headlines such as Apple, Amazon, and WeWork concluded the Market Update.
The Energy/Industrials Sell Pitch of Kinder Morgan was performed by Hasnat Aslam. Kinder Morgan is among the largest midstream energy firms in North America with few positive industry outlooks. The lack of a long-term contract, the government’s expenditure realignment, taking a look at the company’s DCF, and various other factors were reviewed. The club concluded by electing to sell Kinder Morgan.