On grade the trade we test the trading prowess of some of the most promising business students in the nation. This week they’re from Georgetown, Miami University, The Old Dominion University, and Georgia Tech.
Get ready – school’s in session.
Our business school students have been given the questions in advance, and have 30 seconds to answer.
Grad #1: Roshani From McDonough School Of Business At Georgetown University
Originally from Nepal, Roshani has 2 years of private wealth management experience.
Here’s the scenario: Congress passes a law that essentially taxes profits made by private-equity and hedge-fund managers at the income tax rate, rather than the lower capital gains rate. What are you buying, what are you selling as this scenario unfolds?
Roshani is buying blue chips stocks with international exposure. Domestic stocks such as GE (GE), Qualcomm (QCOM) and Pepsico (PEP), And international stocks such as Schlumberger (SLB), GlaxoSmithKline (GSK), Siemens (SIE) and Unilever (UL). She’s selling domestic REIT’s.
Karen Finerman doesn't love Roshani's trades and giver her a “C” - she does, however, like that Roshani answered with conviction.
Grad #2: David from The Farmer School Of Business At Miami University
David just returned from a 2 month internship in China.
Here’s the scenario: Russia builds a natural gas pipeline to China. What are you buying, what are you selling as this scenario unfolds?
David is buying Gazprom, Alcoa (AA), Alcan (AL) and more… and he’s selling Peabody (BTU), and PetroChina (PTR).
Tim Seymour gives David a “B+”
Trader disclosure: On June 21 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:Finerman Owns (GS); Finerman's Firm Owns (FL); (MO),S&P Puts; Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns UniCredito Italiano; Seymour Owns (COP), (EEM), (BX), (AAPL), (TIE), (BP), (RTI), Gazprom; Gazprom Is On Pink Sheets In The U.S. And Trades On The Exchange In London; UniCredito Italiano Is On Pink Sheets In The U.S. And Trades On The Exchagne In London; Red Star Asset Management Owns Gazprom; Red Star Asset Management Is Short (EEM); Red Star Asset Management Is Short (XOM):GE Is The Parent Company Of CNBC
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