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Will it be Nancy, or Serge or Steven--or maybe someone else winning a $1,000,000? The Million Dollar Portfolio Challenge is winding down today. Trading stops at the closing bell, so what happens will depend on who picked the best stock or stocks--as very little money separates the top three contenders. But as we said, there could be someone back in the pack, that's picked the best stock to leapfrog over the big three.
Here's one of our last looks at the contest stocks. The most active and widely held remained pretty much the same throughout the contest and the finals--for both the Million Dollar Portfolio Challenge and Second Chance Showdown. Most best and worst performers were affected by earnings and M&A's over the weeks as well. Here you go:
Good morning all. We're starting this last day on the rough side as more than half of our Million Dollar contestants lost ground Thursday in a volatile market. All of our finalists are fully invested, with the exception of #15, Chuck Chow who is all in cash. Nancy Beaumont holds first place for the 4th straight day on the 9% gain of Gymboree. Nancy may hold onto the top spot with her almost all-in trade on Verigy, a Singapore-based maker of test systems for the semiconductor industry, which beat estimates after the bell Thursday. Verigy was up almost 10% in extended hours.
Shares of the German engineering group Siemens fell as a corruption probe from the U.S. Securities and Exchange Commission is expected to result in a substantial fine, Chairman Gerhard Cromme told German newspaper Sueddeutsche Zeitung.
Well, today is the biggest day for our Million Dollar Portfolio Challenge 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. Only $22K separates the top three positions. Nancy Beaumont holds first place for the 3rd straight day. Nancy looks like she may maintain her first position with retail company Gymboree. Joe Dondero is losing so far today on his all-in bet on Ansoft. It's down in a rather 'up and down day" on the Street. But like Nancy, 3rd place holder Serge Amelyan is getting the benefit from Gymboree's rise.
Shares of Air France-KLM rose Thursday after the company reported a 33% rise in full-year operating profit.
Hey folks, here's one of our last contest stock reports. And it's somewhat appropriate we do so as we are coming back full circle to the start of the contest with Fremont General once again on the actives list based on their news about its reorganization, selling a unit, and installing new management. Here you go:
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.
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