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Million Dollar Portfolio Challenge:  Trades of the Day

Nearly 3.2 billion shares traded yesterday in CNBC's Million Dollar Portfolio Challenge. Portfolio values are now up to a combined $67 billion. Here are the bets being made today...

The most widely held stock today remains Sirius as contestants continue to buy on hopes of news of the pending merger with XM , with over 1.13 Billion shares held, dwarfing the next widely held, E*Trade by over 800M shares

Financials continue to shore up their position taking over 30% of the top widely helds, followed by Information Technology and Consumer Discretionary both at 15% of the widely helds. Contestants are still betting that the volatility and beaten down prices in the Financial sector will work in their favor for large percentage gains. Note: The Financials are the worst performing sector in 2008 down almost 11% YTD.

Sample of Top Trades in the Leaderboard: Dominated by alternative energy and solar companies

  • Solarfun continues to be a top trade and holding in the Leaderboard assuming contestants are waiting on Solarfun's earnings due out Wed before the bell; if you bought on Friday before 4pET and held/sold on Monday, you made 10.25%.
    *Some of our leaders have held Solarfun since the beginning of the contest. SOLF is up 68.54% since May 12.
  • Canadian Superior Energy reported earnings last week. If you bought SNG on Friday before 4pET and held/sold on Monday, you made 5.88%
  • LDK Solar if you bought on Friday before 4pET and held/sold on Monday, you made 7.47%

Sample of Losing Trades from the Leaderboard:

  • First Solar one of the biggest losers in solar today - if you bought on bought on Friday before 4pET and held/sold on Monday, you lost -4.90%
  • MEMC Electronic Materials - if you bought on bought on Friday before 4pET and held/sold on Monday, you lost -4.43%
  • Volcom - if you bought on Friday before 4pET and held/sold on Monday, you lost -2.79%

Bets being made for today (May 20): Dominated by alternative energy plays

  • The9 Ltd
  • Dycom Industries
  • MF Global
  • MasTec
  • Suntech Power
  • Evergreen Solar
  • Canadian Solar
  • JA Solar

If you haven't registered yet, there are still great weekly prizes and it's not to late to go for the grand prize. Click here to play.

bythenumbers.cnbc.com

Symbol
Price
 
Change
%Change
CSIQ
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DY
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ETFC
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FSLR
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JASO
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LDKSY
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MFGLQ
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MTB
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NCTY
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SIRI
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SPLS
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YGE
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SUNE
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