Question
Cloud Nine provides its clients with a monthly newsletter that offers recommendations about stocks to buy or sell. Doug Layton, Cloud Nines president, has asked
Cloud Nine provides its clients with a monthly newsletter that offers recommendations about stocks to buy or sell. Doug Layton, Cloud Nines president, has asked your opinion on whether dot-com stocks might be good investments for the future. He specifically mentioned Google, eBay, Amazon.com, and Yahoo!, but he said you could suggest other companies. Doug wants you to do some Internet research to learn more about these Web-based companies and their prospects. You can use any search engine or start by visiting the Web sites of publications such as Forbes, Fortune Magazine, Business Week, or The Wall Street Journal, among others.
To perform this task:
1. Find out how the stock market works and how stocks are valued.
2. Research the Web to find IT companies whose stocks are traded publicly.
3. Choose two companies and pretend to buy $5,000 of its stocks.
4. Explain why did you choose these companies?
(Two or three paragraphs per company) Do not forget to include the following:
The stock code for each company
The current price per share (3-Sept-20)
How many shares are you buying per stock?
Total value of investment per stock
Total value of your investment ($5,000 max).
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