Stars Show "Conservative" Side On First Day Trades
Senior Editor, CNBC
Our celebrity trading has begun--so it's time to see where the stars "stand." Not all have traded yet but for those that have it, seems their approach to investing is more conservative than the majority of our non-celebleaders--with more stable companies and purchases spread across multiple stocks.
Johnny Bench came out of the batters box swinging--maxing out his million dollars on his first day on multiple stocks with a strong focus on pharma and biotech:
-American Oriental Bioengineering
-Fifth Third Bancorp
-Gol Linhas Aereas
Stephen Collins spent almost $700K of his $1M, picks include:
And James Cromwell spent about $960K, picks include:
-Bank of America
We do have change to note: Actor Willie Garson is replacing John Salley as the celeb stock picker for "On The Money." Willie is best known for playing Stanford Blatch on the HBO series "Sex and the City," and Willie returns to HBO in a new series, "John From Cincinnati," later this year. He has also appeared in more than 50 movies. The charity he's playing for is The Creative Coalition.
And Willie got right into the action. He bought Randgold Resources, Windstream Corp and Rite Aid and maxed out his million dollars. Go Willie!