YMFYP International Portfolio Powerpoint

Davindra BasdeoBenjamin BisetRaphaël Comte

Pierre-Marie GigonAlexia Klein

Sarah Lombardo

Young Money For Young *****Portfolio Presentation

Finance 230

ECONOMIC OUTLOOK

US Fiscal Policy

Reduction of the deficit by $4

trillion over 12 years

Annual Domestic Spending

Healthcare

Spending

Defense Budget

Monetary Policy

Operation Twist

Purchase : $400 bn of Long Term securities

Sell : $400 bn of Short Term securities

Forecasts

2.5% to 2.8% for real GDP growth

5.0% to 6.0% for unemployment

rate

1.6% to 2.0% for the inflation rate

No other QE

Fed Funds Rate : maintained between 0.00% to 0.025%

Decisions

GDP

<10%>

2008 Crisis: Fell by 10%Consumption, Business Investments, Gov Spending

Decreased

2009-2010: GDP rebound with QE1

2011: GDP increased Consumption in durable goods, Business Investments

2012: GDP expected to increase by 2.5%Consumer will spend againEmployment will improve with businesses investments

Unemployment

August to December, “the unemployment rate has declined by 0.6%.”

0.6%

GOLD

Increased by 40% (January to August) Safe place to invest

China’s GDP rose by 21%

Decreased To a price of $1650/ounce until January 2012Strenghtening of US Dollar

Increased by 22% in One Year <13%>

+40%

+22%

+9%

OIL Increased by 25%

Peak in April Riots in Middle East and Arabic Countries

Decreased by 30% Investors looking fo StabilityExcess of Production

Increased by 24%European effort to solve the debt crisis Decrease in Production

+25%<30%

>+24%

Treasury Bonds• Used to be the safest form of investment

o Rates started to decline after 9/11

o Decline accelerated after 2008

• Return for US Corporate Bond yields higher than Municipal Bond yields

o Suggests higher risk for Municipal Bonds

• Decrease in both bonds rates from 2010 till 2011

• Yield Curves January 2011 higher than January 2012o Higher number of treasuries sold in 2011

o Recovery slowed in 2011

• Optimistic forecast for the year 2012o Due to unsafe European bonds

European Bonds• Rise in 10-year bonds since early 2010

o Started with Greece in December 2009

o Continued with Ireland, Spain and Italy

• Forecasts:o Fall of the Eurozone bonds continues, but not as

substantially

Dollar and Euro

June 2010: Hungary and Greece debt

concerns

Nov. 2010: QE2$600B of US Treasuries purchase

Dec. 2011: Bank of China lowered Banks Reserve Requirements

Standard&Poor ’s downgrade

Beginning 2011: US debt crisis

concerns

Forecasts

Always seen as a safe-haven: Appreciation after S&P’s sovereign

downgrades including France. The USD, measured by the trade-

weighted DXY index, has increased 8% since early September.

Asian markets will probably be overvalued due to fewer exports to Europe, leading the US currency to strengthen.

The Euro will continue to weaken in 2012:

Worsening debt crisis in Europe

Eurozone’s inflation “remains above the bank’s 2% target” leading to higher yields in the short term.

Stock Market The Dow Jones

4% increase due to overall

recovery

-Ben Bernanke speech about no future quantitative easing-Increase in profits of large companies

-Ended 5.5% at the end of

the year - Biggest

increase in 13 years

Standard&Poor’s downgrade of US

Treasury Securities from

AAA to AA

Nasdaq and S&P500

-Same curves trends as the Dow Jones: similar correlation between

the three indexes.

-The Dow Jones was the only index which rose 5.5%.

-The S&P 500 remained almost the same (0.4% decrease).

-The Nasdaq decreased by 1.8%

Forecasts

US stock market will continue to be

considered the “safest” market to invest in, as the situation of the rest of the world becomes more uncertain (e.g.:

Europe)

Fragile economy: Dow Jones more attractive.

“The U.S. will continue to be the 'least bad' place to invest for a number of years."

George Feiger, CEO of Contango

YMFYP’s Strategy

25% Bonds

75% Stocks, Options,

Futures

MODERATE AGGRESSIVE STRATEGY

STOCKS, MUTUAL FUND, ETF

Halliburton

• $32.61 billion company

• Created in 1919• Traded on the New

York Stock Exchange, Quote: HAL

• Operates in 80 countries

Industry

• Oil and gas equipment services

• Provides exploration, development and production of oil and gas

• Sperry drilling, wireline and perforating, testing and subsea

Major Competitors

• Schlumberger Limited

• Baker Hughes Inc

• Technip

BETA

1.58

Hot News

“This was a record year for our company.Our business

has nearly doubled in size over the last 5

years.”

January 25th

• Smart strategies in its quest to gain loyal customers: $23 million spending in strategic projects

• Hyper-efficient business model which goes beyond 24-hour operations. Intangible benefits, strengthening existing relations with customers.

January 23rd

Q4 2011 earnings results release.

CEO Dave Lesar:

Short Position: FSLR• Sector started to underperform end of 2010

• Company’s stock had been falling for a long periodo Was expected to file for bankruptcy by the end of the year

Our case: January 27thWorst Case: February 9th

Best Case: March 7th

Worst/Best Case(à dire à l’oral)

• Worst Case

o Increase in stock price until February 9th:

Continuation of the drop due to the previous announcement

Biggest intraday gain since January 27th

• Best Case

o 1 month drop: February 9th – March 7th

Delay on Toledo permit: only US production facility

FSLR losses of $413M in the 4th quarter posted

Fidelity

• Fund inception in 1997

• Net Asset of $1.30B

• Quote: FNARX

Sharpe RatioFNARX Category

Treynor RatioFNARX Category

Major Competitors

- Ivy Global Natural Ressources

- JHancock2 Global Timber1

BETA

1.25

0.74 0.64

15.29 12.34

3 Years

FNARX-Long YMFYP Best Case Worst Case

Bought $34,22 $34,22 $34,22

Sold $34,53 $36,31 $33,72

Number of Contracts 2 922 2 922 2 922

Long Amount ($) $99 990,84 $99 990,84 $99 990,84

Sell Amount ($) $100 896,66 $106 097,82 $98 529,84

<Commission> $10,00 $10,00 $10,00

Gain / Loss $895,82 $6 096,98 $-1 471,00

Return 0,91% 6,11% -1,46%

Bought 01/25/2012 01/25/2012 01/25/2012

Sold 03/15/2012 02/24/2012 01/30/2012

Total Gain / Loss $895.82 $6 106,98 $-1 461,00

# of days 50 30 5

Annualised 6,52% 73,29% -105,20%

0.91%

6.11%

6.52%

73.29%

-105.20

%

-1.46

%

FNARX

$34.22

$33.72

$36.31

$34.53

- One of the world’s largest mutual fund companies

- Short term period: 80% analysts agreed to buy FNARX

- Medium term period: 100% agreed to buy

- Long term period 67% said to buy

- 1.46 %

6.11 % 0.91 %

$34.22

$ 895.82

Exchange Traded Fund

ICF

Large Cap Companies(> $10 Bn)

100%

Exposure

10.15%

1 year

33.65%

3 years

> 21.32

%

+45.25%

+13.97%

0.73

0.71 N/A

3 years 10 years5 years

N/A N/A6.64

Sharpe Ratio

Treynor Ratio

X 10.43

0.07

N/A

6.43

≈

ICF Category ICF ICF CategoryCategory

+ 0.23

Networthy ETF Inflows : ICF

4.2% increase in the

outstanding units week over week

Indicator of quality and

performance

Hot News

Are U.S. REIT ETFs A Buy In 2012?

Improving US economic Data

Gain of interest and confidence from investors in the

domestic real estate market

Investors seeking to expand

exposure to the domestic real estate market

Sign of possible increase of returns in

the US real estate market positions

Foreclosure Properties Fall to 20% of Home Buys

Foreclosure and

distressed sales

20% Recoverag

e of the housing sector

Subprime Debt Insured by FHA Climbs in Bet on Housing Recovery: Mortgages

New refinancing program

US homeowners allowed to

refinance their mortgages

New mortgages with very low interest rates

Improvement of investors

confidence in the housing

sector

$ 942.90 $ 3 515.67 $ -1 980.09

7.20% 23.82% -25.40%

0.94 % 3.51% -1.98%

$74.42

$72.95

$75.12

$77.03

Drop in the Real Estate Market

Constant recovery of the

Real Estate Market

10 year German Bonds

Largest economy in the EU1st

Higher Probability

for the Bond Price to increase

Higher Probability

for the Bond Yield to decrease

Top News

ECB slashes 2012 growth outlook, economy may contract

Euro Zone Expected

Contraction

Panic of Investors /

Loss of Confidence

Germany seen as a

safe haven

Germany sells bonds guaranteed to lose money

Germany sold bonds with

negative yield

Investors are desperately

searching for a safe place

to invest

Demand for German Bonds

expected to increase

0.94%$4 616.95

4.64%$933.31

$2 959.452.98%

Treasury Bonds

5 year T-Bonds

Short Term Bonds

Long Term Bonds

Operation Twist Process

S

PP

YY

D

OPTIONS

Call Option PolyporeOption Price

$1.65

Stock Price

$40.73

Exercise Price

$45.00

Leverage

25

Expiry Date

February 18th, 2012

Call Option: PolyporeOn Stocktrak

Call Polypore: PPO YMFYPStock price $40,73 Exercise price $45,00 Option Price per share $1,65 # shares / contract 100Price / contract $165,00 Breakeven price $46,65 # contracts 60,61real # contracts 60Investment $9 900,00 #shares at actual price 243# shares at option price 6000Leverage 25 Took the Put on 2/1/12Sold on 2/18/12Sold at (option price) $- Gain/Loss $-9 900,00 Commission $-20,00 Total Gain / Loss $-9 920,00 Return (%) -100% Gain / Loss $-9 920,00 # of days 17Annualized Return (%) -2100,71

Off Stocktrak Call Polypore: PPO YMFYP Best CaseStock Price $ 40,73 $ 40,73 Exercise Price $ 45,00 $ 45,00 Option price per share $ 1,65 $ 1,65 # shares / contratc 100 100option price / contract $ 165,00 $ 165,00 Breakeven price $ 46,65 $ 46,65 # contracts 60,61 60,61real #contracts 60 60Investment $ 9 900,00 $ 9 900,00 #shares at actual price 243 243# shares at option price 6000 6000Leverage 25 25 Did not exercise until 2/18/12 Exercised on 2/6/12Exercised price $ 48,99

Total Gain / Loss $ -9

900,00 $ 14

040,00 Return (%) -100,0% 141,8%

Gain / Loss $ -9

900,00 $ 14

040,00 Days 17 5Annualized Return (%) -2096,47 10108,8

$40.73 $48.9

9

BE$46.65

Short term analyst opinion: 40% sell

Medium term analyst opinion: 100% sell

Long term analyst opinion: 100% sell

- 29 .92%

Expiration Date

Exercice Price$45.00

$ -9,920

- 16.28%

New Competitor enter in the market

A couple of analysts downgraded Polypore on the news

Call Option: Polypore

Call Option MS1218B19:

Morgan Stanley

• $37.96 billion financial holding company

• Created in 1935• Traded on the New

York Stock Exchange

• Quote: MS

Industry

• Investment brokerage – national industry in the financial sector

• Segments of operation: Institutional Securities, Global Wealth Management, Asset Management

Major Competitors

• Goldman Sachs

• JPMorgan Chase

JANUARY 19TH

Q4 EARNINGS REPORT: $275 MILLION LOSS ON A SETTLEMENT WITH THE BOND INSURER MBIA

“THE INVESTMENT BANK'S LOSS WAS LESS THAN WALL STREET WAS EXPECTING.”

February 1st

• News on Facebook’s IPO regulatory filings with the Securities and Exchange Commission.

• Facebook confirmed that Morgan Stanley will be the leading underwriter in its IPO, which “could generate as much as $500 million for the investment banks.”

Hot News

Option Price

$0.77

Stock Price

$19.13

Exercise Price

$19.00

Leverage

25

Expiry Date

February 18th, 2012

Freight Transportatio

n

Supply Chain Management

Services

Logistics

Trailer Manufacturin

g

Option Price

$2.75

Stock Price

$32.43

Exercise Price

$30.00

Leverage

12

Expiry Date

March 17th, 2012

+56.03%

8 Stocks to Ride the Economic Revival

Increase in the US economy

Boost Conway’s company

Expected Increase in the

stock value

Hot News

Net Income (Q4 2011 vs Q4 2010)

Operating Income(Q4 2011 vs Q4 2010)

+ 958%

+ 316%

Revenue (Q4 2011 vs Q4 2010)

+ 8.7%

Incredible Profitability

Management, Management

Efficiency and Cost Control

On Stocktrack Off Stocktrack

35.07%$3 472

-100%-$9 900 $4,824

48,7%

$32.43

$34.09

Announcement of installation of new technology

EP = $30.00

BE = $32.75

Put Options

EXXON

- Energy products

- Major player in the industry

- Created in 1870

- Irving, Texas

Oil & Natural Gas Sector

- $42,845B Market Capitalization

- Highly volatile

-Affected by the recent tensions in OPEC

countries

Competitors

- Royal Dutch Shell PLC

- BP, PLC

- Total SA

- Chevron Corporation

Option Price

$1.86

Stock Price

$83.91

Exercise Price

$85.00

Leverage

45

Expiry Date

February 18th, 2012

Put Options

Exxon News Bloomberg Calendar

EIA Petroleum Report : Announced drop in oil demand, increase in

inventory, and in price Bloomberg

Drop in Polish operations The Street

Exxon lost its No 1 position in the stock market Expects a cash shortage

Barchart Supply in US Exxon Natural gas too high

On Stocktrak

Off Stocktrak

Put Option – Pfizer Inc. (PFE)

Healthcare Sector Major drug

manufacturing industry Top competitors: Bayer

AG, Merck & Co. Inc., and Novartis AG

Recent recall so expected stock prices to fall

Recommendation: Strong Sell

Option Price

$0.34

Stock Price

$20.89

Exercise Price

$21.00

Leverage

61

Expiry Date

February 18th, 2012


Strike Price: $21.00

BE: $20.66

$-10,016

Put Option Sony Corporation

Electronic Equipment Industry

Flooding in Thailand

Strong Yen

Decrease in Sales in Europe and in the United States

Net loss of MORE than $2BILLION

Option Price

$0.20

Stock Price

$17.62

Exercise Price

$17.00

Leverage

88

Expiry Date

February 18th, 2012

Put Option SONY Corporation

Put Option SONY

$17.62 $16.85


BE: $16.80

$-7,320

Put Option SONY

Option Price

$0.35

Stock Price

$19.36

Exercise Price

$17.00

Leverage

55

Expiry Date

February 18th, 2012

Put Option SONY

Put Option SONY

$19.36


BE: $16.65

$-2,680

SUMMARY OPTIONS

$8,923

FUTURES

Short Future Position on the Japanese Yen

Events that affected the future

EIA petroleum report

Bernanke Speech

BOJ intervention

EIA weekly petroleum report

Petroleum report Depreciation of USD → led the future USDJPY

down Increase in supply, and drop in demand

Bernanke's speech about tax cut program

BOJ intervention• Short position took on February 8th

o Earthquake

o Constant intervention of the BOJ

• GDP declineo Shrink in output

o Export decline: Fall of 11.9% in 4th quarter 2011

Cont’d• JPY low benchmark interest rates

o Drop in investors confidence in the US and Europe

o JPY is seen as the safest currency

Light Crude Oil

Crude Gains on Surprise US Stocks Fall

Clashes in Nigeria

Potential Oil Supply Chain Disruptions

Hot News

Iran asks OPEC members not to raise oil output

Iran Embargo

Drop in oil supply for Western countries

Demand for Crude Oil expected to increase

Crude Rises On Hopes For Greek Austerity Plan

Expectations that Greece will approve

austerity measures

First step in Euro debt

crisis solvation

Expected Improvement of European economies

95.35% 227.75% -350.32%

$ 15 820.00

$ 1 317 209.00

$ -11 660.00

$99.68

$98.71

$109.77

$101

Short Position on Natural Gas

Gas stocks: currently 25.4% above the 5 year average and 24.6% higher than the same period last year.

The Northeastern and Midwestern sections of the United States are starting to finally see cold weather, but the weather will have far too late for the bulls in this market.

Natural Gas-Short YMFYP Best Case Worst CaseBought $2,47 $2,47 $2,47 Sold $2,432 $2,06 $2,68 Margin $3 713,00 $3 713,00 $3 713,00 Investment $96 538,00 $96 538,00 $96 538,00 Number of Contracts 26 26 26Unit per contract 10 000 10 000 10 000Leverage 6,6 6,6 6,6Short Amount ($) $642 200,00 $642 200,00 $642 200,00 Cover Amount ($) $632 320,00 $535 600,00 $696 800,00

<Commission> $20,00 $20,00 $20,00 Total Gain / Loss $9 860,00 $106 580,00 $-54 620,00 Return 1,54% 16,60% -8,50%

Shorted 02/07/12 02/07/12 02/07/12Covered 02/09/12 03/16/2012 02/17/2012

Total Gain / Loss $9 860,00 $106 580,00 $-54 620,00 # of days 2 38 10Annualised 276,92% 157,26% -306,07%

$2.47

$2.43

$2.68

$2.06

Short Position on Future – Ultra T-Bond

Fastest growing interest rate futures product ever introduced by the CME Group

Initially set up to manage long-term interest rate risk

Recommendation: Hold, Sell, Strong Sell

Short Position on Future –Ultra T-Bond

Short Position on Future –Ultra T-Bond (UDH12)

Long Position DOW JONES

Strong Buy Signals

US economy is recoveringStock market more attractive

Greek government closed to agree on budget measures

Big components reported their earnings Disney and Coke

Long Position: Dow Jones

DOW JONES

Long Position DOW JONES

$12,846

$12,900

$12,701

$13,331

Best Case: March 16th,2012

Positive economic membersIncrease in Oil pricesIncrease in Big components Prices (Alcoa, GE, Bank of America..)

Worst Case: March 6th,2012

Fear of the Greek debtChina’s cut of economic growth target

Long Future Position on theAustralian Dollar

Events which will have an impact on the Aussie: US Crude Oil and

gasoline inventories China inflation New Zealand

unemployment rate

February 7th 2012 The RBA released its first 2012 Interest Rate decision. Cash rate unchanged at 4.25%: big surprise as investors

expected the Central Bank to lower again the rate. The Australian Dollar climbed to the highest in six months

versus the US. News stating that the Aussie “is set for more gains this

week.”

Rally after the RBA announced that it will leave its cash interest

unchanged.

$-16,835

FUTURES SUMMARY

INTERNATIONAL STOCKS & ADR

Materials Technology

Production and Supply of flat carbon steel

products

Assembling cars, construction, appliance, energy, packaging sectors…

USED IN

Passenger and Freight Elevators

Escalators

Moving walks Passenger Boarding bridges

Stair and platform lifts

Top News

ThyssenKrupp in €480m quarterly loss

€480 m losses

Q1 2011Q1 2012

€101 m profits VS

TKA stock value expected to

decrease

52.03%188.64

%

-57.03

%

0.87%10.48%

1.56%2.02%

-9.83% -0.79%

$862.54$9

897.26-$1

586.31

-38.77%

-1.29%-2.49%

-$1 585.01

-$3 166.29

149.02%

-504.39

%

-4.20%5.00%7.45

%

-6.77

%

$4 248.93

$21.202

$20.51

$21.37

$20.77

$18.80

Acquisition of TKA stainless steel unit by Outokompu

group

+0.09%

+0.15%

+0.27%

Higher

LowerLowerLower

+2.3

Higher

Lower

+0.6

Lower LowerLower

Stocks, Commodities Rise After Greece Approves Austerity Plan for Bailout

Greek approval of the austerity

plan

Bailout of Greece / No default

payment

Euro Appreciation vs USD

Hot News

Man Group• Funded in 1783 and changed

its name in 2000 • Industry of asset management,

Man Group is ranked at the 8th position

• Market Cap: $243.08B • Quote: EMG.L

Major Competitors

- Schroders Plc- Resolution Ltd

BETA

1.04

Man Group-Long YMFYP Best Case Worst CaseShares 46 641 46 641 46 641Price Bought £1,344 £1,344 £1,344Investment (£) £62 685,50 £62 500,00 £62 500,00 Exchange Rate $1,5753 $1,5753 $1,5753Investment ($) $98 748,47 $98 456,25 $98 456,25 Price Sold £1,441 £1,5291 £1,2750Exchange Rate $1,5929 $1,5933 $1,5733Price Change 7,22% 13,77% -5,13%Dollar change 1,12% 1,14% -0,13% Gain / Loss $8 309,83 $15 175,92 -$4 896,39<Commission> $20,00 $20,00 $20,00Total Gain / Loss $8 289,83 $15 155,92 -$4 916,39 Gain / Loss Unhedged 8,42% 15,41% -4,97%Gain / Loss Hedged 7,22% 14,11% -4,85% Bought 02/14/2012 02/14/2012 02/14/2012Sold 03/01/12 03/02/12 02/23/2012 # of days 16 17 9Annualised 162,39% 298,80% -194,09%

Man Group

£134.4

£127.50

£144.1

£152.91

£134.4

- Europe’s largest alternative fund manager

- short term indicators: 60% buy

- 4.97 %15.41 %8.42 %

$ 8289.83

Hedging: Great British Pound March 2012 Future

Hot NewsFebruary 9th 2012

Bank of England took the decision to keep its interest rate at 0.5% and to purchase a further £50 billion of UK Government debt.

Added to the £200 billion purchase authorized between 2009 and 2010, and to the £75 billion purchase in October 2011, the quantitative easing plan amounts to a total of £325 billion.

The Bank of England adopted an expansive monetary policy and this last purchase in February lead the British Pound to depreciate.

February 14th

Moody's decision to downgrade Italy, Spain, Portugal, Malta, Slovakia and Slovenia, and negative outlook on the UK, France and Austria.

The Pound depreciated as the Dollar became more attractive and safer to investors.

Last £50 billion quantitative easing a week before: investors’ sentiment toward future inflation announcement is likely to be on the upside rather than to the downside.

ADR: Canadian Pacific Railway

Good Canadian Economy

Railroad Industry

A possible changement of CEO

Investment Plan

ADR: Long Position on CP

2.25%

2.25%

7.24%

7.24%

-3.41

%

-3.41

%

Canadian Pacific Railway

$79.57

$71.67$74.20

$75.87

Oil decreased and US dollar strenghtened Canadian Stock decreased

Consol Energy decided to cut output at its Buchana mine (Virginia) because of the lower demand from foreign steelmakers CP decreased

CP announced that its annual meeting of shareholders will take place in May 17th,2012

Changement of CEO

DAY TO DAY TRADES

Day Trade: Short on

Adobe

• $Created in 1982• Traded on Nasdaq

100• Quote: ADBE

Industry

• Application Software

• Offers a line of software and services

Major Competitors

• Apple

• Microsoft Corporation

March 20, 2012

Adobe’s fiscal first-quarter earnings fell 21% on weaker-than-

expected revenue from its legacy

desktop software franchise as

customers awaited introduction of its new creative tools and subscription

services.

Adobe Systems-Short YMFYP Best Case Worst Case

Shorted $33,38 $33,38 $33,38

Covered $33,14 $32,88 $33,38

Number of Contracts 279 279 279

Short Amount ($) $9 313,02 $9 313,02 $9 313,02

Cover Amount ($) $9 246,06 $9 173,52 $9 313,02

<Commission> $20,00 $20,00 $20,00

Dividend - - -

Gain / Loss $46,96 $119,50 $-20,00

Return 0,72% 1,50% 0,00%

Shorted on 03/20/2012 03/20/2012 03/20/2012

Covered on 03/20/2012 03/20/2012 03/20/2012

Total Gain / Loss $46,96 $119,50 $-20,00

# of days 1 1 1

Annualised 258,84% 539,25% 0,00%

Day Trade: Long Position

Gordman’s Store

• $Created in 1915• Traded on Nasdaq • Quote: GMAN

Industry

• Home furnishing store

• Offers a line of footwear, home fashions products and accessories including fragrances

Major Competitors

• kohl’s Corp• Macy’s Inc• Wal-Mart

Stores

March 20, 2012

Gordmans’s fiscal fourth-quarter earnings rose a

better than expected 21% as the regional

retailer’s sales benefited from same store sales growth of six stores last year.

Colonne1 Colonne2 Colonne3 Colonne4Gordman's Store-

Long YMFYP Best Case Worst Case

Bought $17,10 $17,10 $17,10

Sold $19,16 $19,69 $17,10

Number of shares 6 476 6 476 6 476

Long Amount ($) $110 739,60 $110 739,60 $110 739,60

Sell Amount ($) $124 080,16 $127 512,44 $110 739,60

<Commission> $20,00 $20,00 $20,00

Gain / Loss $13 320,56 $16 752,84 $-20,00

Return 12,05% 15,15% 0,00%

Bought 03/20/2012 03/20/2012 03/20/2012

Sold 03/20/2012 03/20/2012 03/20/2012

Total Gain / Loss $13 320,56 $16 752,84 $-20,00

# of days 1 1 1

Annualised 4336,84% 5452,63% 0,00%

NuSkin

- Anti-aging products and nutritional

supplements

- $3.52B Market capitalization

- Created in 1984

- Provo, Utah

Industry

- Personal product

- $305B Market capitalization

Competitors

- Avon Products Inc

- L'Oreal SA

- Revlon, Inc

Day Trade: NuSkin

Long on NuSkinNews :

New program for the personnal product industry

NuSkin positive earnings forecats Construction of a new facility in Shanghai

Day Trade: Short on

Chevron


• Created in 1879• Traded on Dow

Jones Composite andDow Industrials

• Quote: CVX

Industry

• Major Integrated Oil & Gas

• Engaged in petroleum, chemicals, mining, power generation, and energy operations worldwide.

Major Competitors

• Exxon Mobil Corporation

• BP

March 22nd 2012 A Brazilian federal

prosecutor filed criminal charges against Chevron for a November oil spill.

Brazilian authorities estimate that 2,400 barrels of crude were spilled, which led authorities to suspend all of Chevron's drilling operations and to deny the company access to huge new offshore fields.

“The spilling of oil affected the entire maritime ecosystem, possibly pushing some species to extinction, and caused impacts on economic activity in the region.“

Rethink its Latin American strategies.

Shortage of trained workers, engineers and equipment have driven up costs in Brazil.

Day Trade: Mc Donald’s

McDonal's

- Fast food industry

- $100.39B Market capitalization

- Created in 1940

- Oak Brook, Illinois

Industry

- Restaurants

- $1,174B Market capitalization

- Stable industry, due to the necessity of the

product

Competitors

- YUM! Brands, Inc

- Burger King Holdings, Inc

Short on McDonald'sNews :

Retirement of the CEOKnown for being the leader who « turned the

company around »Worked 41 years in the company, became CEO

in 2004Don Thompson will replace him

Long Position APPLE

Ipad 3 Went in Sales

Apple


• Created in 1976• Traded on the

Nasdaq• Quote: AAPL

Industry

• Personal computer industry

• Segments of operation: Mobile phones, personal computers, digital music players

Major Competitors

• Google

• HPQ

Long Position APPLE

Long Position APPLE

$598$578

$584

DAY TRADES SUMMARY

FREE TRADES

Wheat

$6.3575

$6.4125

$88,000

March 22nd, 2012Buy

Risk of Drought in EuropeFreezing weather in February

Less SupplyPrice will increase

WHEAT

March 22nd, 2012

Our Secret investment: CORN

China (2nd largest produce) May need to increase import:

Import by China may reach 20million tons by 2020

The US is the largest exporter of crop

$6.4775

$6.5075

$120,750

March 22nd, 2012Buy

US CORN

March 22nd, 2012

Our Last Feeling: Live Cattle

Our Last chance

No News

Observations

Started to decrease

Strong SELL signal

Our winning Investment:Live Cattle

March 23rd, 2012

Live Cattle

$1.2462 $1.2412 <$200,000>

March 23rd, 2012Buy

$1.2424

$1.237$632,0

00

March 23rd, 2012Short

$1,000,000

$3,000,000

RESULTS…

Summary

Thank You For Your Attention

YMFYP

YMFYP International Portfolio Powerpoint

Economy & Finance

Transcript of YMFYP International Portfolio Powerpoint