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+.