Chat with us, powered by LiveChat At the end of each week from week 1 to week 6 (by Sunday at Midnight CST), you are expected to provide a discussion of why the stock market behaved as it did during the week(October 3 | Wridemy

At the end of each week from week 1 to week 6 (by Sunday at Midnight CST), you are expected to provide a discussion of why the stock market behaved as it did during the week(October 3

At the end of each week from week 1 to week 6 (by Sunday at Midnight CST), you are expected to provide a discussion of why the stock market behaved as it did during the week(October 3

 

At the end of each week from week 1 to week 6 (by Sunday at Midnight CST), you are expected to provide a discussion of why the stock market behaved as it did during the week(October 31st to Nov 4th 2022)  and how your StockTrak portfolio performed under these market conditions. For each entry, you can write it like a two-part (paragraph) blog post: part one why the stock market behaved as it did during the week; and part two how your portfolio performed under these market conditions. 

StocTrak: Its a play trading tool where you buy stocks funds with Dummy Money.Intially each student will be given 1000000$ and need to trade weekly until the end of the semester.

My Protfolio This week:(October 31st to Nov 4th 2022)

Please see attached document for My Portfolio This week.

Example:please see below example how one my classmate written on this assignment(Hows the market this week and how it effected his portfolio)-Please dont copy paste but take it as reference

 

Why the Stock Market Behaved as it Did (October 31st to Nov 1st)

Stocks were down slightly this week with the S&P 500 dropping -2.87%. This was in response to the Fed’s 0.75 rate hike this week and with continuing high inflation a likely additional increase of the same size in December (Investing.com, 2022). However, the jobs report beat expectations with the economy adding 261,000 jobs above the 200,000 estimate. It does appear that commodities and energy are continuing to do well as international markets are shifting with China set to ease Covid-19 restrictions, OPEC cutting production, and Russia backing out of grain/fertilizer commitments due to the Ukraine conflict. Overall, the stock market will continue to hang on every word of the Fed until rate hikes begin to decrease in size and frequency. Through the month of November into December discretionary spending will be tested and may provide additional insight into what is in store for 2023.

How my stock portfolio Performed

This week I tried to make some bigger moves but failed spectacularly. I transitioned out of corporate bonds which I had ~$100k invested and moved completely out of the energy companies that had a high exposure to natural gas prices ~$50k. From what I was seeing with the highly volatile short term natural gas prices was that prices were moving based on the projected 2-4 week weather forecast for the lower 48 instead of larger supply/demand issues internationally as they had done over the past few months. Instead of pretending like I have any insight on weather patterns I pivoted and decided to invest in some sectors that have been winners for me, particularly agriculture and energy. I purchased shares of Nutrien Ltd (NTR), ICL Group Ltd. (ICL) and Canadian Natural Resources Ltd. (CNQ). All were rated either buys or strong buy’s and from what I could tell from their finical statements and how they compared to their industry competitors their stock prices appeared to poised for success. However, I over committed on agriculture fertilizers in my mix…

“Nutrien (NTR) came out with quarterly earnings of $2.51 per share, missing the Zacks Consensus Estimate of $3.92 per share. This quarterly report represents an earnings surprise of -35.97%.” (Zacks Equity Research, 2022)

Earning reports for NTR came out the day after I purchased shares. Additionally, it appears that the domestic market is producing more potash and other fertilizer components in response to record high prices further depressing future outlooks across the industry. This was a costly mistake of -13.94% and a loss of -$6,303.42 to my portfolio by seeking additional risk. Most of my other stocks were relatively unchanged for the week, but my short term moves did not pay off this week.

References

Investing.com. (2022, November 4). Stock market Today: Dow Gains but ends weekly win streak amid mixed jobs report by investing.com. Investing.com. Retrieved November 4, 2022, from https://www.investing.com/news/stock-market-news/stock-market-today-dow-gains-but-ends-weekly-win-streak-amid-mixed-jobs-report-2933498

Zacks Equity Research. (2022, November 2). Nutrien (NTR) Q3 earnings and revenues miss estimates. Yahoo! Finance. Retrieved November 4, 2022, from https://finance.yahoo.com/news/nutrien-ntr-q3-earnings-revenues-225510484.html

 

Portfolio by end of Nov 4th 2022.

PORTFOLIO VALUE

$1,006,837.44 (6,837.44 $ increase)

PORTFOLIO RETURN

0.68%

Shares: This week I bought LH-Laboratory corp of America holding(100 Shares),DVA-Davita Inc(100 Shares) and Holded other stocks without buy or sell.

Table  Description automatically generated

Calendar  Description automatically generated with medium confidence

Mutual Funds:Continued to hold FLCEX Mutual Fund this week

Graphical user interface, application  Description automatically generated

Forex : Bought EUR/USD Forex this week

Graphical user interface, application  Description automatically generated

Public

Public

Public

image1.png

image2.png

image3.png

image4.png

Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.

Do you need an answer to this or any other questions?

About Wridemy

We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.

How It Works

To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.

Are there Discounts?

All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.

Hire a tutor today CLICK HERE to make your first order

Related Tags

Academic APA Writing College Course Discussion Management English Finance General Graduate History Information Justify Literature MLA