GRADE THE TRADE
It’s “sink or swim” time for the most promising business students at the nation’s best colleges and universities. In this feature we test their trading prowess against “The Fast Money 5”. Get ready – school’s in session.
In this feature we give business students the questions in advance and then give them 30 seconds to explain their trade.
NEW YORK UNIVERSITY
Jeremy Feffer attends NYU’s Stern School of Business. He already has 4 years of experience in equity research at Bank of America.
Here's the scenario: "Google announces plans to release a ‘Smartphone’ in 2008. What stocks / ETFs are you selling and what are you buying as this scenario unfolds?"
Jeremy says he’s buying Google (GOOG), as well as Apple (AAPL) for the iPhone and Research in Motion (RIMM) because the new product shouldn’t affect the Blackberry. Jeremy is selling Palm (PALM), Motorola (MOT) and keeping an eye on Nokia (NOK). He’s also selling Microsoft (MSFT).
Pete Najarian says Jeremy gets an A+.
UNIVERSITY OF VIRGINIA
Ben Mackovjak recently received a diploma from the University of Virginia Darden School of Business He graduated magna cum laude.
Here’s the scenario: “China raises interest rates another three times this year in an attempt to slow their economy, which grew 11% last quarter. What stocks/etfs are you selling and what are you buying as this scenario unfolds?"
Ben says he’s buying TravelCenters of America (TA) as well as China Eastern Airlines (CEA). He’s shorting Schnitzer Steel Industries (SCHN ).
Jeff Macke says Ben gets an A-.
UNIVERSITY OF NORTH CAROLINA
Lee Copeland attends The University of North Carolina Flagler Business School. He's got 3 years of experience in municipal bonds.
Here’s the scenario: "More companies join with ConocoPhillips (COP) and consequently Congress passes a federal global-warming emission cap. What stocks/etfs are you selling and what are you buying as this scenario unfolds?"
Lee says he’s buying MEMC Electronics (WFR) because they make silicon chips for solar panels. Also he thinks oil service stocks will be crushed, so he’s buying them on the dip.
Eric Bolling give Lee an A.
UNIVERSITY OF FLORIDA
Justin Sink attends the University of Florida Warrington College of Business. He used to work as an oil services product engineer.
Here's the scenario: "The first quarter GDP report released next Friday comes in at 4%, double the 2% currently expected by economists. What stocks/etfs are you selling and what are you buying as this scenario unfolds?"
Justin says he’s buying railroads like Burlington Northern (BNI) because it would benefit from increased volume, as well as ExxonMobile (XOM) and he’s selling treasuries including iShares Lehman 1-3 Year Treasury Bond ETF (SHY) and consumer staples such as Coke (KO) and The Procter & Gamble Company (PG).
Guy gives Justin an A.
On APR 20, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders
Bolling Owns (SZE), (VE), Gold, Silver, Corn; Bolling Is Short Soybeans Najarian Owns (IBN), (PEP)