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May.23
9:15 AM ET
Friday, 23 May 2008
Million Dollar Portfolio Challenge: Trades of the Day
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Nearly 2.1 billion shares and $38 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
Yamana Gold [AUY
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] fell off the most widely helds list as National City [NCC
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] returned. Financials again comprise 30% of the widely helds. The Financials are the worst performing sector in 2008 down over 14% YTD.
Sample of Top Trades in the Leaderboard:
- Sanderson Farms [SAFM
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] beat estimates on solid earnings and if you bought on Wednesday before 4pET and held/sold on Thursday, you made 8.43%
- AMR Corp. [AMR
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] if you bought on Wednesday before 4pET and held/sold on Thursday, you made 5.47%
- Western Refining [WNR
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] if you bought on Wednesday before 4pET and held/sold on Thursday, you made 8.40%
- Evergreen Solar [ESLR
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] if you bought on Wednesday before 4pET and held/sold on Thursday, you made 20.00%
Sample of Losing Trades from the Leaderboard:
-
Solarfun [SOLF
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] - some of our leaders held on too long because the best trade last week lost you -22.08% today
Bets being made for today (May 23):
- Aruba Networks [ARUN
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]
- Delta Air Lines [DAL
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]
- UAL [UAUA
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]
- Xinyuan Real Estate [XIN
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]
- Apple Inc. [AAPL
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]
- Yahoo [YHOO
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]
- Chesapeake Energy [CHK
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]
- Theravance [THRX
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]
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