Million Dollar Portfolio Challenge: Trades of the Day - CNBC By The Numbers

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May.21

9:47 AM ET

Wednesday, 21 May 2008

Million Dollar Portfolio Challenge: Trades of the Day

Posted By:Ariel Nelson | Gina Francolla

Topics:Million Dollar Portfolio Challenge | Stock Market

Nearly 2.2 billion shares and $45 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...

The most widely held stock today remains Sirius [SIRI Loading... () ] as contestants continue to buy on hopes of news of the pending merger with XM [XMSR Loading... () ], with over 1.23 Billion shares held, dwarfing the next widely held, E*Trade [ETFC Loading... () ] 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. National City [NCC Loading... () ] was the new financial added to the widely helds as of Monday, but it didn't do much for our contestants as it closed down about 0.68%. 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

Western Refining, [WNR Loading... () ] - If you bought on Monday before 4pET and held/sold on Tuesday, you made 7.07%.
Cheniere Energy [CQP Loading... () ] - If you bought on Monday before 4pET and held/sold on Tuesday, you made 5.45%
Canadian Solar [CSIQ Loading... () ] - If you bought on Monday before 4pET and held/sold on Tuesday, you made 4.74%.