General Body Meeting of 9/20/24: Market Update, Sell Pitch, & Buy Pitch

ESG Risk Analyst Kathryn Duane ‘26 and Andrew Newman ‘26 presented the Market Update on Friday, September 20th. The update covered the major indexes and top headlines. They discussed the Federal Reserve’s decision to cut rates despite a cooling labor market, noting that inflation is close to the 2% target while growth remains strong. The presentation highlighted the implications and key players affected by this historic cut, including middle-market companies, U.S. consumers, M&A activity, and the housing market.

Head Analyst Hasnat Aslam ‘27 presented a sell pitch recommending the divestment of 75% of Nvidia shares. His thesis focused on the eventual tightening of gross margins and market share, citing internal factors such as increased supply and demand tension, as well as external factors like heightened competition. The club voted to proceed with selling 75% of the Nvidia position.

Eric Wang ‘26 and Financials Analyst Valdemar Kofod-Olsen ‘26 presented a buy pitch for Palantir Technologies. Their investment thesis emphasized the total addressable market, annual revenue, and market capitalization of the company. They also included a mini-educational segment on discounted cash flow (DCF) analysis, applying it to their pitch. The club voted to invest $15,000 in Palantir Technologies.

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