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Laker Asset Management

Garek Schultz

Club News

Macro Terms with a Little Bit of Covid-19

Current Numbers on Unemployment and What it means As the war against COVID-19 rages on, it is important to look at the numbers and see how this virus has effected the economy. Throughout this article, we will look at what key factors have been effected throughout this pandemic and what the numbers mean, as well as mentioning and briefly describing what some of those key macro terms actually represent.One of the most heavily watched data points throughout this pandemic has been unemployment.

by Garek Schultz
Domestic

Domestic | Doomed Financials | Sep 16th-Sep 22nd

Financial Markets Reaction to Fed Rate Cuts The Federal Reserve’s chairman Jerome Powell announced the second rate cut of 2019, by 25 basis points (bps), at the end of the two-day Federal Open Market Committee (FOMC) meeting this Wednesday. Global economic growth and trade-war related uncertainties leading to slowdown in business investments were cited as key reasons for the latest cut. Hence, banking stocks are expected to record lower margins at the end of the current quarter However, the cen

by Garek Schultz 2 Comments on Domestic | Doomed Financials | Sep 16th-Sep 22nd
Domestic

Domestic | A Week of Tech | Sep 9th-Sep 15th

Summary of Apple Hardware Show       The annual Apple hardware show happened this week and it did not disappoint. Not only did they release a the new iPhone 11 (which also included the iPhone 11 Pro/Pro-Max), Apple also announced they were moving into streaming services with Apple+. The service will be released November 11th and will only be $4.99 a month, undercutting competitors such as Netflix and Disney which both posted losses on the day. As time goes on we'll see how much of the stream

by Garek Schultz
Domestic

Domestic | Aging stocks | Sep 2nd-Sep 8th

The theme of aging population and why it never gets old. A week doesn't go by without hearing about the problems which will be created by the world's rapidly aging population. Much of the focus is on how fewer people will mean lower future economic growth. When we look at the investment opportunities as a fund, we must look at many different and unique markets older adults not only rely on their primary care physician, but also on long-term care services and supports. Teams of physicia

by Garek Schultz
Domestic

Domestic | 5G Progression | Aug 26th-Sep 1st

5G is moving faster than expected  =   5G has been a hot topic for telecom stocks during the past year, and the rollout for nationwide consumer 5G gets closer and closer. During this past week, new updates of certain telecom companies and their progression of 5G networks have pointed out that 5G will be fully functional sooner than most people expected. In particular, Sprint has brought 5G to four more major cities in the US, including Los Angeles and New York City. Sprint's 5G network is c

by Garek Schultz
Domestic

Domestic | Consumers Stay Spending | Aug 19th-25th

Retailers Show Signs of Strong Consumer Spending U.S. retailers show strong earning reports with Target (TGT) leading the way and Lowes (LOW) close behind. Both companies were thought to be hit hard by the trade war but ended up posting higher than expected EPSs through steady consumer spending. Since consumer spending makes up about two-thirds of the U.S GDP, strength in this sector of the market is important to maintain healthy GDP growth and offset the weaker U.S manufacturing sector. Wi

by Garek Schultz