Vivendi has closed the deal to sell its Brazilian broadband business to Spain's Telefonica for cash and shares worth nearly $10 billion.» Read More
Good morning everyone. Today--Thursday--is a big day for our contestants. The trades they execute prior to 4pm will be the last trades that will impact their total portfolio value based on their performance on Friday. And, the race at the top gets tighter each day. Only $22K separates the top three positions. Nancy Beaumont holds first place for the 3rd straight day on the 9.75% gain of The Men's Wearhouse. Nancy looks like she may maintain her first position with Gymboree up almost 10% in extended hours.
Ban Tran says he's so caught up in the excitement of the CNBC Million Dollar Portfolio Challenge, that he's delayed finding a job until he's completely through with the contest. Well, he won't have long--with the contest ending this Friday. Ban is one of the 20 finalists competing for the $1,000,000 prize. So maybe if he wins, he'll delay his job search even longer.
We have a pair of Million Dollar Portfolio Challenge finalists to "introduce" to you. Stephen Luchko (pictured) is from Swarthmore, Pennsylvania--and a portfolio accountant for The Haverford Trust Company. And Greyson Masters (interview below) is a market research executive and lives in Winchester, Virginia. He says he trades for pleasure. The pleasure may be ending as both have just two days now to get the winning portfolio value for the $1,000,000 prize!
Here's our latest contest "stock report." Mortgage finance company FMT is back in the news--as a best performer, thought it's been gone for a while as one of the most widely held, it's in the most active list. And GIGM turned into a negative play with news the company sees slower growth ahead. Here you go..
Good morning all. Here's what's happening on our finals leaderboard with three days of trading left. Nancy Beaumont--pictured left--remains in first place--even with losing almost $30K on Pacific Sunwear Tuesday. And Serge Amelyan moves back into 2nd on an almost $5K gain on Vanda Pharma, and helped by Steven Lee's $76K loss on Neurochem.
So, who's leading the pack as the CNBC Million Dollar Portfolio Challenge heads into its final days (only four left)? Well, we have the up to date standings along with a video clip with the ins and outs. We also have the leaders of the Second Chance Showdown. This is for the contestants who didn't make it into the finals--but can win a Sony Home Theatre Entertainment system. The winner in each category will have to come up with the portfolio with the largest value.
Mainland China is the place to be, right? Not according to Peter Stock. The president and chief investment officer of Stock Investment Management says Hong Kong is a better value -- and he thinks the mainland is a bubble slated to burst. He joined CNBC's Mark Haines to tell "Squawk on the Street" viewers which Hong Kong companies' shares are poised to jump.
Four days and counting until the end of the CNBC Million Dollar Portfolio Challenge. Twenty people are competing for the prize of $1,000,000--and Stephen Luchko is one of them. Stephen appeared on "Squawk Box" this morning to talk about his last few days of contest trading. He's currently in 4th place on the leaderboard. Here's a look at his portfolio value and what he holds. Make sure you listen to the stock picks Stephen makes when he's asked about long-term investing. Quite a change from his contest outlook.
Hey everyone, here's a look at the contest stock report. The biggest change appears to be GIGM which appears on the actives list for the first time--as part of the Chinese online gaming play betting on strong earnings before the bell Tuesday. Here you go:
A U.S. District Judge might have denied NASCAR's request to stay an injunction that allowed the Cingular logo on Jeff Burton's car to be replaced with an AT&T logo, but NASCAR got a victory yesterday when Alltel agreed to a $25 billion private equity buyout. Let's go back and put this in context for you. NASCAR obviously did not want the AT&T brand on the track because it wasn't one of the brands that were grandfathered in when the governing body signed a 10-year, $700 million deal with Nextel to be the official telecommunications company of NASCAR. But consolidation in this industry is very common -- Sprint soon bought Nextel and AT&T bought Cingular.
Good morning. Chinese gaming stocks are in the spotlight Monday as The9 propelled Nancy Beaumont to the top of the pack on its 10.31% gain. The9 was up on the news that Electronic Arts agreed to buy a $167M stake in the company, and also licensed a soccer game to The9. Steven Lee managed to hold onto second even though he was all in cash after Friday's trading. He has now gone all-in on Neurochem.
Here's a look at our "stock report" for both the finals and Second Chance Showdown. As we've already posted, aQuantive was the big gainer for many of you in SCS. And Trump Entertainment came in a "winner" as a result of takeover interest. (wonder if The Donald likes being a contest best performer). The most actives and widely held remain pretty much the same.
Here's our contest stock report for both the finals and Second Chance Showdown. Acxiom proved to be a winner for several finalsts--and you can see why. It was up 18%. But those who had ADS did even better as that stock was up 24% on news of a merger. Weak earnings took a toll on the worst performing stocks--while the most active and widely held reamined the same.
Okay, we're slowly but surely posting the most recent information on the contest. Here's the stock report--for both the Million Dollar Portfolio Challenge and Second Chance Showdown. Earnings are still helping the best performers. One longtime favorite--CMGI--shows up on worst performer as well as most active and widely held. Maybe it's time has come and gone. Here ya go..
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.
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..
A company called YouMail lets you create specific voicemail messages for specific incoming callers, like a professional message when your boss calls, or a warm and fuzzy voicemail message when mom calls. Now it’s put a wicked twist on the idea, called Ditchmail. Originally intended to block telemarketers, Gen X,Y,Z-ers (is there a Z yet?) are using the service to dump bad dates.
Good morning all. We have some info for you. The first Million Dollar Finals leader is Donald Tang who gained $73K on Mindray Medical. He's closely followed by Serge Amelyan with the same Mindray Medical trade. However, Serge used his remaining cash to buy 2 shares of CMGI at $2.44, which fell -2.46% Tuesday-- resulting in the $0.12 difference between him and Donald, and costing him the tie for first.
Hey folks, here's more on how Lina became weekly winner #10. She had the top % gain of 82.39% for he last week of the regular contest. Interesting to note, Lina wasn't even on the weekly leaderboard on Thursday, but came from behind--just like Donald Tang the week before--to capture the top spot.
Good morning all. We are going to be a little short on information today, but rest assured we are working on getting what you need. We will not have individual results or rankings for the 20 finalists today in the Million Dollar Portfolio Challenge or the Second Chance contest, but we can tell you what stocks were the most popular today. Don't worry--we will have the individual results after the close of today's (Tuesday) trading.
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