Million Dollar Portfolio Challenge: Trades of the Day
By: Ariel Nelson | Director of Market Data & Content Services, CBNC
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 fell off the most widely helds list as National City 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 beat estimates on solid earnings andif you bought on Wednesday before 4pET and held/sold on Thursday, you made 8.43%
- AMR Corp. if you bought on Wednesday before 4pET and held/sold on Thursday, you made 5.47%
- Western Refining if you bought on Wednesday before 4pET and held/sold on Thursday, you made 8.40%
- Evergreen Solar if you bought on Wednesday before 4pET and held/sold on Thursday, you made 20.00%
Sample of Losing Trades from the Leaderboard:
- Solarfun- 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
- Delta Air Lines
- UAL
- Xinyuan Real Estate
- Apple Inc.
- Yahoo
- Chesapeake Energy
- Theravance
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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...
