CNBC Features GSM Student
Matt Solomon (SMG’01, GSM’08) gave trading advice on CNBC’s Fast Money.
Matt Solomon, a business administration and finance student in the Graduate School of Management, made his first television appearance this summer — on CNBC’s Fast Money.
Fast Money’s June 29 “Grade the Trade” segment featured Solomon (SMG’01, GSM’08) and two other MBA students. Each was given a business scenario an hour before the segment began and had 30 seconds on air to provide trading advice to a panel of former traders, who then graded the students.
The traders asked Solomon what he would buy and sell if a private equity firm bought MGM. His lowest grade, a B-, came from a trader who “didn’t like that I told him to sell Trump Casinos” Solomon says. “That Monday, the stock went down. It was ironic that he gave me a lower grade based on a trade that made a lot of money that following Monday.”
Solomon was asked to be on the show because of his interest in capital markets. “It’s a pretty cool show and pretty cool to talk to those guys,” he says. “It was an opportunity to be on TV and get noticed as one of the top MBAs.”
Rebecca McNamara can be reached at firstname.lastname@example.org.