Laker Asset Management

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Laker Asset Management

Drew Hoover

Club News

Fall Involvement Fair

Fall 2020 Involvement Fair Exciting things are happening with Laker Asset Management this upcoming year, and we can not wait to share the details with you all in the coming weeks. There have been many setbacks put in place this year due to University policies and COVID-19 mandates, but the LAM leadership team is doing everything possible to not let us fall behind. One of the biggest changes that will be faced is meeting remotely on a weekly basis. This took place for a number of weeks last Sprin

by Drew Hoover
Club News

Club News | Short-Term Competition Completed

The First Short-Term Competition has been Completed! After a nail-biting couple of weeks, the first competition of the $60,000 short-term investing competition has come to an end. Each of the five participating groups put a lot of hard work into their investing decisions, and surely their hard work paid off! As a club, from November 21st until December 11th, the portfolio's $60,000 allocation increased a whopping 4.47%, while the S&P 500 increased only 1.12% over this three-week period.C

by Drew Hoover
Macro

Macro | ETF Proposal | Sep 30th-Oct 6th

Thinking Green: What route should LAM take? What is a better play? Whether you buy an ETF or a bundle of stocks, aren't you practically buying the same thing? Read along to see what the Macro team recommends when looking at the latest theme of Thinking Green. No matter what route LAM chooses to take, there is still a great deal of risk taken when entering the markets of Renewable or Clean Energy. Laker Asset Management's main concern with purchasing stocks as of October 2019 is running to

by Drew Hoover
Macro

Macro | Fed Cuts Rates | Sep 16th-Sep 22nd

Federal Reserve Cuts Interest Rates for the Second Time in 2019 Over a decade had passed since the Federal Reserve had cut interest rates until July of 2019, and then again last week. These cuts have been reduced to the range of 1.75%-2.00%, according to a recent article posted this week. This is a big deal for numerous reasons: 1. This may show signs of a recession, 2. The cuts represent a safety in a slowing economy, and 3. Investors will lose confidence in the U.S. Economy. Let's dive a l

by Drew Hoover
Macro

Macro | Housing Market Strengthens | Sep 9th-Sep 15th

The Mortgage Industry is getting back up on its feet (finally) Fannie Mae and Freddie Mac, two of the United State's largest Government-Sponsored Enterprises (GSEC) are taking steps to bail themselves out from full control of the government. These two companies guarantee housing mortgages to customers from the private sector to the government. Both companies have their own backstory on how the government gained control of them, but it all comes together starting the 2008 housing financial crisis

by Drew Hoover
Macro

Macro | Economic Influencers | Sep 2nd-Sep 8th

Today's Economic Influencers and How the Economy is Reflected Although many variables may influence the economy, this article will only discuss a number of them that were mentioned in the news this past week. Specifically, the variables included in this article contain unemployment rates, consumer spending, and investor spending. Learn about the most recent updates in the world of economics and become involved in helping make conclusions for the club's benefit. AP News: Survey from Busine

by Drew Hoover
Macro

Macro | Q2 2019 GDP Released | Aug 26th-Sep 1st

Is 2% growth in GDP really considered growth? Growth in the U.S. economy is critical to keep the economy out of a recession. Investors and economists have feared a recession would happen in the near future. U.S. Gross Domestic Product (GDP) is a measure of the market value of all goods manufactured within the United State's borders. This useful statistic for investors and economists allows them to compare such numbers to understand how the economy is doing as a whole. Calculated and released

by Drew Hoover
Club News

Club News | Morning Brew

Looking for a better market news source? Look no further. A small startup headquartered in New York City does the hard work for you! Morning Brew is a FREE subscription-based company that targets college, higher education, and young businesspeople. Every morning, Morning Brew sends an email with a number of article summaries that talk about what happened the day before, and each email comes out six days a week! It is easy to sign up - click the picture below and type in your email, and you'll b

by Drew Hoover
Bonds

Bonds | Intro to Bonds | Aug 19th-25th

Hi, my name is Drew Hoover and I am the Director of Bonds Research for Laker Asset Management. Just like many of you, this is my first time dealing with bonds and learning how they work. I am excited to jump into the role as Director of Bonds and learn alongside any of those willing to research with me as a Junior Analyst. The team is always looking for more people to help out, so look for ways to apply at the bottom of this article. First, let's start with a basic definition of bonds. From our

by Drew Hoover