Boston College Investment Club

1
Club News and Notes Market Update Oct. 16
Oct. 23, 2006
2
Earnings Stocks We Own
3
Club Stuff

• Dues 15, Collected at the end of Todays
  meeting
• Come to the front of the room
• Only ½ have paid, needed so we can order
  T-shirts and start having pizza parties.
• Market Watch Game 171 players
• First Prize - 100
• Second Prize - 50
• Third Prize - 25

4
Club Leadership Position

• Sector Leader
• If you are interested in becoming a Sector
  Leader, please come see me at the end of the
  meeting.
• Sectors include
• Financial
• Energy
• Retail
• Technology
• Utilities

5
IBM Sold at 87.81

• 91.56, excellent earnings, suing Amazon over
  patent infringement.
• SOLD

6
Market Overview - DOW

• The Dow closed at 12,116.91 today setting a
  record for the highest close ever.
• Led by Walmart Up 3.93 today
• Plan to slow store growth

5-day DOW Performance
7
Oil

• Though OPEC's Friday decision to cut output by
  1.2 million barrels a day, Analysts are skeptical
  that they will actually do this.
• 58.81 down .52

8
Jeff Skilling

• Former Enron Chief sentenced to 24 years, 3
  months in prison for accounting fraud.
• Will immediately go into hole confinement before
  he heads to prison in Ohio.
• Just 52 years old

9
Fords Earnings

• Ford Loss Widens to 5.8 Billion in 3Q due to
  massive restructuring charges.

10
Caterpillars Earnings

• Third-quarter profit rose 15 but sharply reduced
  its forecast for the full year and said it
  expects a slowdown in 2007.
• Down - 9.51 or 12
• Cautioned that the weak residential housing
  market in the U.S. and a dropoff in sales of
  truck engines will restrain revenue growth next
  year

11
Googles Earnings

• Revenues exceeded analyst estimates by 48 while
  EPS missed analyst estimates by 2.4.
• EPS increased 79.4 to 2.36.
• Increase in capital expenditures led to a 6.2
  fall in free cash flow to 1.1 billion.

12
Companies Reporting this week

• Exxon Mobil (XOM)
• Chevron (CVX),