This meeting, Kyle gave a presentation on the NASDAQ exchange and company.
The NASDAQ, which stands for National Association of Securities Dealers Automated Quotation, was originally founded in 1971 by (NASD), now known as (FINRA). The NASDAQ originally provided electronic quotation services to allow investors to see live prices but all trading was still recorded by hand. The NASDAQ was the first electronic stock exchange and in 1998 the NASDAQ became the first stock exchange in the U.S. to trade online. As a result of NASDAQ’s early adoption of electronic trading and the fact that it is easier for companies to be listed on it as opposed to the NYSE, many tech, smaller companies, and high growth stocks are listed on it. In turn, the NASDAQ is more volatile than the NYSE. The NASDAQ also has indices. Some of the popular indices are the NASDAQ composite, which is a collection of almost all the companies listed on the Nasdaq. The NASDAQ 100, which tracks the 100 largest non financial U.S. companies by market cap. MNQ and NQ track the 100 Micro Futures and Futures respectively. Essentially this means that 10 contracts of MNQ is equal to 1 contract of NQ. Another well known ETF version of the NASDAQ 100 is QQQ, this gives exposure to the 100 largest non financial companies listed on the NASDAQ, but via ETF.
Carlos also gave a presentation on Logitech (LOGI) for the club to practice and receive feedback about the presentation and his analysis.
The club then also discussed local businesses, the past week in the market, and what we expect going forward.
