Major:

Finance

Michael Penna is a Senior student pursuing a Bachelor's of Science in Finance and a Bachelor's of Science in Management Information Systems with a Minor in Economics. He joined FMA in 2019, and promptly became the analyst for the Financial Sector, as well as Secretary. Michael completed his Series 7 and Series 66 before his Junior year, and is currently studying for the CFA exam. This past summer, he completed an internship at Goldman Sachs, working in Private Wealth Management.

Stock Pitches

EVBN

Sell
N/A

Thesis: We recommend selling EVBN due to their stagnant market share caused by fierce competition, escalating loan delinquencies, compressed net interest margins, decelerated mortgage growth, and substantial headwinds from the U.S. recession.

$TMDX Sell

Sell
Success

We are up 145.52% on TransMedics and given current market conditions, it makes sense to take profits while we can.

$SRS

Buy
Success

BUY 10 Shares of SDS for a 2x projected profit based on several catalysts, notably a second COVID-19 wave.

$PLTR (sell)

Sell
Failure

Sell PLTR at a 50% loss due to further downside and poor Q3 results

$IAU & $GLD

Sell
Success

Sell 75% of IAU for $7300 and 60% of GLD for $3900 to take profits

$UBER

Buy
Failure

Buy pitch to purchase 13 shares of Uber (NYSE: UBER) for $478