CNBC's Mandy Drury looks back at the week's top business and financial stories including oil prices and the merger between Heinz and Kraft Foods.» Read More
It's official--we are a broken record--as we talk once again about earnings when it comes to contest stocks. Earnings affected the best performers as well as the worst, showing how dominate those numbers can be when it comes to stock performance. And the hope of good earnings today put a new name on the most active list. (see below). Here ya go:
It's the "usual suspects" holding down the top three spots on Trading With The Stars. Jonathan Tucker and a very active Stephen Collins maintain a status quo by holding the first two positions. Jonathan has not made any transactions except for bonus bucks since 4/23, and Stephen had been active buying and selling and getting big gains on Advanced Energy--balanced by losses in C-Cor. James Cromwell continues to hold 3rd place.
Hi all. Here's a report that ran on CNBC-TV today that might be of interest. It's money manager Mike Koskuba of Victory Capital Management on stocks he thinks have a great upside coming to them--and stock holders. Now, these are not necessarily for you to add to your contest picks (or your personal portfolio) and you might to get tremendous gains, but they are some stocks to think about.
Wow! Talk about a busy earnings season. I haven't had much time to breathe lately, which explains the lack of blogs these past several days. The financial flurry has been non-stop and right now is the first chance I've gotten to catch that long-lost breath. And it gives me an opportunity to focus on Microsoft, which reports after the bell today.The Street is looking for 46 cents on $13.89 billion in revenue.
Here's our latest contest stock report. Once again, earnings--good and bad--are playing apart in what's making you "money" or not. If you had Amazon, you saw the good, while owners of Travelzoo saw the bad--and ugly, from earnings. Also, there's a new name on the most active list--as a results of earnings--Sun Microsystems. Here ya go with the details:
The Nasdaq hit a six-year high Wednesday, as the Dow Jones Industrial Average zoomed past 13,000. How should investors play these dizzying heights? David Scott, senior vice president and senior portfolio manager for Chase Investment Counsel, and John Praveen, chief investment strategist at Prudential International Investment Advisers, advised "Street Signs" viewers where to put their money.
French luxury group LVMH reported faster-than-expected first-quarter sales growth, helped by surging demand for high-end watches, and reaffirmed its full year guidance. The maker of Dior perfume, Fendi shoes and Veuve Clicquot champagne said on Wednesday sales in the three months to March 31 rose to 3.804 billion euros ($5.16 billion) from 3.555 billion in the same period a year earlier.
Posh accessory-maker Coach announced it would close its coporate accounts business -- and its stock dropped more than 5%. So why is Chief Executive Lew Frankfort "more optimistic than ever"? The CEO explained his rosy outlook to "Closing Bell" viewers.
CNBC’s Jim Cramer, who has long urged investors to buy Target and forget Wal-Mart, reversed his position on both stocks. “I think the risk-reward has changed dramatically here,” Cramer said during an appearance on "Squawk on the Street."
Here's a look at the latest contest stock action. Mergers and acquisitions played a strong part in the best performers (MedImmune, Baush & Lomb) as well as earnings figures (Angiodynamics). A couple of newer names showed up in the most active list (Ligand and Angiotech) while the widely held stocks stayed the same.
Hey folks. Here's a bit of an update on Vitaliy Khizder. Some of you were adding up the percentage he gained by the trades listed during the week he won. And that wasn't adding up the the 93.25%. So--to be clear, the percentage is based off the % change in the dollar value of his portfolio starting after the close on Friday 4/13 and ending after the close on Friday, 4/20 and that % change calc adds up to the 93.25%:
Hey there. Here's guest blogger Timothy Sykes is back with his contest picks for the week. As he says, these are his early week picks--and will have more on Wednesday. Here he is: I don’t know about anybody else, but I look forward to Mondays. This will all change over the next few years when trading becomes 24/7, but for now Mondays are my favorite day of the week.
So, how did Vitaliy become a weekly winner, you ask? Well, he started the week with a portfolio value of $1,605,717.10 as of the close on Friday, April 13th, and ended the week on Friday, April 20th with a portfolio value of $3,107,399.87 making him 93.52% for the week.
J.C. Penney is moving forward with a new ambitious plan for growth, despite market-wide concerns over weakening consumer spending and a slowdown in the housing market, CEO Myron Ullman told Erin Burnett on “Street Signs.” “The middle third of the economy essentially is our customer," Ullman said. "She’s employed, she’s finding what she likes and we have a very great style, quality, a smart price. We feel good about the spring season...Our biggest category is our apparel so we feel very good about the prospects going forward.”
Revlon keeps appearing on the most active and widely held lists of the contest. Here's a bit of a breakdown on the stock. What is Revlon? "Revlon, Inc. conducts its business through its direct wholly owned operating subsidiary, Revlon Consumer Products Corporation and its subsidiaries (Products Corporation), which manufactures, markets and sells an array
Champion poker player Chris Moneymaker widens his lead in first place to more than $150K with the sale of Adtran which was up 6.16% Tuesday--as actor Willie Garson lost over $20k on Seagate Technology--which was down 1.73% Tuesday. And actor Stephen Collins decided to take time off from his acting career--to make more buys and sells than everyone on Wall Street (I'm making this last sentence up--but as you will see, it's not that far off!).
In case you missed it, here's a video portion of Friday night's "How To Win" program on the million dollar portfolio challenge. The show got right to the picks from the analysts, so I will do the same. Notice a bit of a theme--earnings reports coming out this week. Also, there are a couple of "bigger" names like Google and McDonald's to chose from.
U.S. retail sales rose a slightly more-than-expected 0.7% in March in part on higher gasoline prices, a Commerce Department report on Monday showed.
Americans will spend more than $40 billion this year keeping their pets healthy and happy. As the Westminster Kennel Club Dog Show crowns a champion in New York Tuesday, the pet industry is bigger than ever. And companies from Target to Colgate-Palmolive are looking to profit by getting their paws in the business.
Folks--here's a sector breakdown from our crack analystical team on what's happening with the stocks you contestants are buying. And there's been a "sea change" for sure. The analyses run through 3/28, found that over 50% of the leaders' trades occurred in retail and technology. But the current analysis--run from 3/29 - 4/10, shows that the contest leaders are now much more diversified with the top group only comprising 8.07%.