First Step to Final Offer (9/03/24)

CAREER OPPORTUNITIES

Class of 2027 Jobs & Events

• Raymond James Banking Insights Program Link here

• Bank of America Global Markets Sales & Trading Rotational Sophomore Summer Analyst Program – 2025  Link here 

• Goldman Sachs Possibilities Summits  Link here

• Deloitte Consulting Discovery Sophomore Intern Summer 2025 Link here

• Deloitte Discovery Intern (Sophomore) Consulting (Government & Public Services) - Summer 2025 Link here

• RBC Capital Markets U.S. Pathways Diversity Award Program Link Here

• RBC Capital Markets U.S. Women’s Advisory Program Link Here

• RBC Capital Markets LGBTQ+ Sophomore Insights Program Link Here

• Bain & Company Event Series Link Here

• Goldman Sachs Emerging Leaders Series - Link Here

• Morgan Stanley Summer 2025 Applications - Link Here

Class of 2026

• Morgan Stanley 2025 Investment Management Summer Analyst Program - Fixed Income High Yield (Boston)  Link here

• Goldman Sachs 2025 Internships  Link here

• StepStone Group 2025 Private Equity Summer Analyst  Link here

• Susquehanna International Group, LLP (SIG) Quantitative Trader Internship: Summer 2025  Link here

• Bracebridge Capital 2025 Summer Investment Analyst  Link here

• Blackstone 2025 Real Estate Finance Summer Analyst   Link here

• BNY 2025 Summer Internship Programs Link here

•  Deutsche Bank Internship Program Investment Bank: Commercial Real Estate - New York - 2025  Link here

• MUFG 2025 Corporate, Investment Banking and Markets (CIBM) Summer Analyst Program  - Link here

• Deutsche Bank Internship Program - Investment Bank: Origination and Advisory Capital Markets - New York 2025 - Link here

• Deutsche Bank Internship Program - Investment Bank: Origination and Advisory - San Francisco 2025 - Link here

• Lazard 2025 Institutional Client Group Summer Internship - Link Here

• Baird, Equity Research Analyst Summer 2025 - Link Here

• BCG Associate Internship - Link Here

• Bain & Company Associate Consultant Intern - Link Here

• Nomura Summer 2025 Analyst Roles - Link Here

• Citadel Securities Trading Fundamental Analyst - Link Here

• Loop Capital Summer 2025 Analyst Positions - Link Here

• Stifel Financial Corp Summer 2025 Analyst Roles - Link Here

• Citi Summer Summer 2025 Analyst Roles - Link Here

• StepStone Group Summer 2025 PE Analyst - Link Here

• Guggenheim Summer 2025 Applications - Link Here

• Oppenheimer Summer 2025 Applications - Link Here

• Abdiel Capital Summer 2025 Application - Link Here

• Long Ridge Summer 2025 Application - Link Here

• D.E. Shaw Summer 2025 Application - Link Here

• Bank of America Summer 2025 Applications - Link Here

• Point72 Summer 2025 Application- Link Here

MARKET NEWS

Nvidia Earnings Now Rival U.S. Jobs Report for Market Impact

Nvidia’s earnings have gained prominence, with analysts now viewing the company’s financial results as impactful as key U.S. economic data. As the chipmaker prepares to announce its quarterly earnings, investors are keenly watching, given Nvidia’s critical role in powering the artificial intelligence boom. Despite recent market dips, Nvidia’s stock has surged over 160% this year, and analysts consider its results one of the most anticipated earnings events for the market in recent years. The outcome is expected to influence not only Nvidia’s stock but also other major tech players like Apple and Microsoft.

Source: Financial Times

Stocks Tumble as Economic Data Raises Fresh Concerns

U.S. stocks tumbled on Tuesday as weak economic data reignited fears about the health of the economy. The Dow Jones Industrial Average dropped 626.15 points, or 1.51%, while the S&P 500 fell 2.12%, and the Nasdaq Composite saw a sharp decline of 3.26%. Technology stocks, particularly in the semiconductor sector, led the downturn, with Nvidia losing more than 9%. The market’s decline was triggered by disappointing manufacturing production data, which raised concerns about slowing U.S. economic growth.

Source: CNBC

Private Equity Targets $30 Billion Youth Sports Industry

Private equity firms are turning their attention to the $30 billion youth sports industry, seeing it as a lucrative growth opportunity. As sports academies, leagues, and facilities expand, investment dollars are flowing into a sector that has seen increasing participation rates and parental spending. Firms are betting on the long-term growth of youth sports, as more families prioritize athletic training and experiences, even amid economic uncertainties.

Source: Bloomberg

Buffett’s Berkshire Hathaway Tops $1 Trillion Market Value

Berkshire Hathaway, Warren Buffett's conglomerate, has officially surpassed the $1 trillion market value mark, solidifying its place among the world’s most valuable companies. This milestone comes on the back of strong performance in Berkshire’s diverse portfolio, including key holdings in insurance, railroads, and energy. Analysts point to the company’s disciplined investment strategy and solid fundamentals as key drivers of its long-term success.

Source: Bloomberg

M&A DEAL OVERVIEW

Dell Attempts to Sell Cybersecurity Firm SecureWorks Again

Dell Technologies is once again exploring the sale of its cybersecurity subsidiary, SecureWorks, which is valued at approximately $800 million. Dell has enlisted Morgan Stanley and Piper Sandler to seek interest from potential buyers, including private equity firms. This marks Dell's second attempt to sell SecureWorks after a previous effort in 2019. SecureWorks, which provides cybersecurity services through its cloud-based platform Taegis, has struggled to compete with larger players in the industry. Despite the sale talks, no deal is guaranteed, and Dell may choose to retain the business. Shares of SecureWorks spiked 34% following the report before paring gains.

Source: Reuters

TECHNICAL QUESTION OF THE WEEK:

ADDITIONAL RESOURCES

• Class of 2027 Application Tracker

LAST WEEK TECHNICAL QUESTION OF THE WEEK ANSWER: