FIC Mockstock Round 1 (5th October, 2014)

RULES 

• Every team has a budget of $10,000 at the beginning.
• There are 6 companies in which you can invest your amount depending upon the news and rumors given.
• You cannot invest more than 60% of the budget in one stock at a time. You need to invest in at least 2 stocks in each round.
• The first round only includes buying of shares. Short selling of shares is not allowed.
• The team with the maximum profit at the end of both the rounds is the winner.

COMPANIES

1. IBM (Technology and Consulting) - $180
2. P&G (Consumer Goods) - $80
3. Walmart (Multi-brand Retail) - $70
4. ExxonMobil (Oil & Gas) - $90
5. JP Morgan (Banking & Finance) - $60
6. Nike (Apparel & Accessories) - $90

NEWS 

• International Business Machines Corp. (IBM) amassed more US patents than any other company for the 21st straight year, helped by its push into big-data services, which gleans insights by mining large quantities of information.

• Walmart Stores Inc. said it spent $439 million in the past two years to investigate the possible payment of foreign bribes, making it one of the most expensive probes in US history.

•  Proctor & Gamble co. (PG), the world's largest consumer goods maker, posted second quarter profit that topped analysts' estimates as sales of products rose in emerging markets.

• After its FIFA World Cup marketing campaigning fuelled profit and sales, 4th quarter net income of NIKE Inc., the world's largest sporting goods maker, rose 23% y-o-y comprehensively beating the analysts' estimates. The stock has already outperformed the S&P 500 Index this year.

• The U.S. and European Union are poised to halt billions of dollars in oil exploration in Russia by the world's largest energy companies as the new sanctions over Ukraine would prohibit such corporations in searching Russia's Arctic, deep seas or shale formations for crude.

• Despite a sub par growth in net income, falling revenues and a declining pattern of EPS over the last year, some street experts rate JP Morgan in BUY category based on the convergence of positive investment measures by the company and attractive valuation levels.

Send in your responses latest by 3 PM, 6th Oct at the following link: http://goo.gl/igs3DY