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
Sample of Losing Trades from the Leaderboard:
Bets being made for today (May 20): Dominated by alternative energy plays
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