General Meeting (11/06/2014)

Market Update

The end of QE:
Officially announced last week that it end its QE program this month
Earning of 43 cents per share
Increase of 49% from last quarter
Facebook surprised investors, declaring 2015 a “Significant Investment Year”
Michael Kors Qtrly Earnings:
Net earnings of$1 per share on 1.06 billion in revenue.
Comparable store sales grew 16.4%, but fell short of the 19% growth forecast.
Following the release of the earnings results, shares of Michael Kors plunged as           much as 11% in pre- market trading action

Portfolio Update
NTT and VZ were add into the portfolio