Looking back at the milestones in his life, Jim Cramer reveals a secret to his stock picking success.» Read More
Good morning everyone. Here's a look at the current standings on our finalist leaderboard--as we head into the last week of the contest. Steven Lee (pictured) holds onto first place--and he's taking a rather conservative approach by remaining all in cash and hoping that Serge Amelyan's all-in bet on Terra Industries doesn't pan out. Serge moves back into 2nd place from 4th on his Intuit trade up on strong earnings.
Here's what's happening in the Second Chance Showdown. Matthew Martinez takes the lead in the Second Chance contest on strong performance by Axciom, buying it on news late Wednesday that it would be acquired by two private equity firms, and earnings news. Lisabeth Szczepanek stays in second place gaining $108K with Raven Industries--which was up on strong earnings news.
Good morning all. Big changes on the leaderboard for the contest finals. Steven Lee (that's his picture) jumps from 12th place on Wednesday to take the lead by gaining $182K with Acxiom Corp. which was up 18.08% Thursday. And Mary Williams continues her climb from 4th place Wednesday to take 2nd place--with another big gain on Ctrip.com that added $87K to her portfolio. Serge Amelyan falls into 4th place from first and Stephen Luchko is down in 6th place from 2nd.
Hey everyone--Kiran Bhattarai takes the lead in the Second Chance contest on a strong performances by Jack in the Box and Stifel Financial ending the 27-way tie that existed after the popular Winn-Dixie trade on Tuesday. However the portfolio values are very tight among the leaders. Lisabeth Szczepanek follows close behind in second with only $10,904.60 separating her from the lead and even less separating her and our third place contestant Steve Ogullukian. He is only $2,216.608 behind Lisbeth.
Hey everyone, a bit later than usual, but we have the leaderboard for the finals with a new name on top. A few notes before we get to that. Some of the numbers were incomplete in yesterdays' post for a couple of portfolios. However, I want to make clear that the total for the portfolio values were accurate. We just had a little less of the complete picture for the trades. We're working to make sure we do the best job on that front. As for one stock--BPRG--it is a valid stock for the contest. Reuters data shows a market cap of $1.3B on 3/2/07--which was the date for contest stocks.
It's been ten years since you've seen her on television, but now she's back. She plans on taking market share and kicking proverbial 'butt' in the category in which she's best known: syrup. Pancake syrup.
Hey--here's our "stock report" for both the finals and Second Chance Showdown. As we said, WINN was the big winner--if you had it. Most active and widely held remain much the same from the non-final trades of past weeks. Here ya go..
Hey folks, here's our look at the Second Chance Showdown leaderboard. Remember I asked yesterday if anyone got on the Winn-Dixie Bandwagon? Some 27 of you did go all-in on the Winn-Dixie trade, buying it on Monday at $20.01 and selling/holding it Tuesday at $27.45, for a 37.18% on strong earnings. Now, believe it or not, and you better believe it, we have 27 of you tied for the lead with the same portfolio value. That's mainly because most of you made the same trade, but that will change after today and the tie will most likely be broken.
Hi there. Now that trading's done for today, anybody get a boost off of Winn-Dixie? Let us know if you did. It certainly made a lot of news today (see below). The stock went sky high today on earnings--up some 38% or more. Shares of the company touched a 52-week high of $26.05 during the day. The reason? Same-store sales rose by 1.6 percent for the third quarter, driven by increases in the average shopping basket--which on an identical store basis rose by 3.6 percent.
See what analysts had to say today about the market on CNBC.
Dan Genter, president and chief investment officer at RNC Capital Management, told CNBC’s “Squawk on the Street” that investors should consider shares of retailers that sell home electronics and cater to younger consumers.
Hey everyone. We call tell you that Lina Kim has been confirmed as weekly winner number 10 in the Million Dollar Portfolio Challenge. She completes the list of weekly winners competing in the contest finals. Here some info on Lina. She's originally from Seoul, South Korea but lives in New York City. She's an accountant and trades for fun. Her strategy was to buy companies that were reporting earnings. The stock that surprised her the most was Helen of Troy. Her favorite sport is swimming and her favorite TV show are "24" and "Deal or No Deal."
Skype, the Internet telephony firm owned by eBay, made a powerful brick-and-mortar ally: Wal-Mart Stores. On Monday, the world’s largest retailer said it will start selling Skype calling cards, another element in the discount giant’s massive electronics onslaught.
Luxury accessories are the most profitable segment of the fashion business , which is why retail buyers are scouring the runways during New York Fashion Week looking for the "It" bag and the season's hottest shoes. The top-dollar acquisition of shoemaker Jimmy Choo is just the latest example of how savvy designers and investors trying to cash on consumers' seemingly-insatiable appetite for high-end shoes and handbags.
Like a runaway train, merger activity will continue to drive stocks this week, but investors will keep a cautious eye on key retailer earnings and economic data likely to impact day-to-day moves.
Foot Locker slashed its first-quarter earnings outlook, citing a 5.1% fall in quarterly same-store sales and markdowns at its stores in the United States.
Tony Dwyer, equity market strategist at FTN Midwest Securities, told CNBC’s “Morning Call” that large numbers of individual investors don’t appear to be participating in the current rally.
Retailers reported grim April sales data Thursday, well below views. What’s stopping consumers from flexing their spending muscle? Retail analysts Kimberly Greenberger and Brian Tunick joined CNBC’s Sue Herera on “Power Lunch” to explain.
The outlook for consumer spending dimmed Thursday after big retailers stumbled in April, their sales hurt by rising gasoline prices and the weak housing market.
Stocks are heading lower as April chain store sales promise a shower of negative news, though not unexpected. European markets are lower and Japanese stocks closed down on the day. But the star of Asia, China's stock market continues to bubble higher, and the Financial Times says the value of the shares that traded Wednesday on China's Shanghai and Shenzhen exchanges was greater than all of the rest of Asia combined.