Retailer Lowe's Cos. reported a lower-than-expected first-quarter profit on Monday as the slower U.S. housing market pressured sales and cut its full-year earnings forecast.
Good morning everyone. Here's a look at the current standings on our finalist leaderboard--as we head into the last week of the contest. Steven Lee (pictured) holds onto first place--and he's taking a rather conservative approach by remaining all in cash and hoping that Serge Amelyan's all-in bet on Terra Industries doesn't pan out. Serge moves back into 2nd place from 4th on his Intuit trade up on strong earnings.
Here's our contest stock report for both the finals and Second Chance Showdown. Acxiom proved to be a winner for several finalsts--and you can see why. It was up 18%. But those who had ADS did even better as that stock was up 24% on news of a merger. Weak earnings took a toll on the worst performing stocks--while the most active and widely held reamined the same.
Here's what's happening in the Second Chance Showdown. Matthew Martinez takes the lead in the Second Chance contest on strong performance by Axciom, buying it on news late Wednesday that it would be acquired by two private equity firms, and earnings news. Lisabeth Szczepanek stays in second place gaining $108K with Raven Industries--which was up on strong earnings news.
Good morning all. Big changes on the leaderboard for the contest finals. Steven Lee (that's his picture) jumps from 12th place on Wednesday to take the lead by gaining $182K with Acxiom Corp. which was up 18.08% Thursday. And Mary Williams continues her climb from 4th place Wednesday to take 2nd place--with another big gain on Ctrip.com that added $87K to her portfolio. Serge Amelyan falls into 4th place from first and Stephen Luchko is down in 6th place from 2nd.
Okay, we're slowly but surely posting the most recent information on the contest. Here's the stock report--for both the Million Dollar Portfolio Challenge and Second Chance Showdown. Earnings are still helping the best performers. One longtime favorite--CMGI--shows up on worst performer as well as most active and widely held. Maybe it's time has come and gone. Here ya go..
Hey everyone--Kiran Bhattarai takes the lead in the Second Chance contest on a strong performances by Jack in the Box and Stifel Financial ending the 27-way tie that existed after the popular Winn-Dixie trade on Tuesday. However the portfolio values are very tight among the leaders. Lisabeth Szczepanek follows close behind in second with only $10,904.60 separating her from the lead and even less separating her and our third place contestant Steve Ogullukian. He is only $2,216.608 behind Lisbeth.
Hey everyone, a bit later than usual, but we have the leaderboard for the finals with a new name on top. A few notes before we get to that. Some of the numbers were incomplete in yesterdays' post for a couple of portfolios. However, I want to make clear that the total for the portfolio values were accurate. We just had a little less of the complete picture for the trades. We're working to make sure we do the best job on that front. As for one stock--BPRG--it is a valid stock for the contest. Reuters data shows a market cap of $1.3B on 3/2/07--which was the date for contest stocks.
Hey--here's our "stock report" for both the finals and Second Chance Showdown. As we said, WINN was the big winner--if you had it. Most active and widely held remain much the same from the non-final trades of past weeks. Here ya go..
Hi there. Now that trading's done for today, anybody get a boost off of Winn-Dixie? Let us know if you did. It certainly made a lot of news today (see below). The stock went sky high today on earnings--up some 38% or more. Shares of the company touched a 52-week high of $26.05 during the day. The reason? Same-store sales rose by 1.6 percent for the third quarter, driven by increases in the average shopping basket--which on an identical store basis rose by 3.6 percent.
Hey folks, here's more on how Lina became weekly winner #10. She had the top % gain of 82.39% for he last week of the regular contest. Interesting to note, Lina wasn't even on the weekly leaderboard on Thursday, but came from behind--just like Donald Tang the week before--to capture the top spot.
Hey everyone. We call tell you that Lina Kim has been confirmed as weekly winner number 10 in the Million Dollar Portfolio Challenge. She completes the list of weekly winners competing in the contest finals. Here some info on Lina. She's originally from Seoul, South Korea but lives in New York City. She's an accountant and trades for fun. Her strategy was to buy companies that were reporting earnings. The stock that surprised her the most was Helen of Troy. Her favorite sport is swimming and her favorite TV show are "24" and "Deal or No Deal."
Home Depot, the world's largest home improvement chain, posted lower-than-expected quarterly profit on Tuesday as the softer U.S. housing market hurt sales at its retail stores. Based on the performance, Home Depot said it expected per-share earnings for this year to fall at the low end of a previously forecast range of 4 to 9 percent.
Good morning all. We are going to be a little short on information today, but rest assured we are working on getting what you need. We will not have individual results or rankings for the 20 finalists today in the Million Dollar Portfolio Challenge or the Second Chance contest, but we can tell you what stocks were the most popular today. Don't worry--we will have the individual results after the close of today's (Tuesday) trading.
Hey folks, Jeff Mishlove has some thoughts for the contest finals. We'll get right to them. Here's his post: Now the Portfolio Challenge moves into the finals and the Second Chance Showdown. I am not in the finals, and I have decided not to enter the Second Chance Showdown – so that there can be no suggestion of a conflict of interest with regard to any recommendations I may make for the Million Dollar Buzz.
Hey folks--here are the final contest standings as we start the last two weeks of the Million Dollar Portfolio Challenge. Serge Amelyan is the owner of the top portfolio by dollar value in the contest followed by Shi Nisman who have both hovered near the top of the list for a few weeks now. Serge did not break the $5M mark but managed to chalk up a 388% return over the last 10 weeks. More than $1M separates Serge in first and Barry in 10th.
Here's our re-cap of the day. Remember, the two week finals begin this Monday for both the Million Dollar Portfolio Challenge and Second Chance Showdown (open to all non-portfolio challenge finalists who have opted-in). All players in both contests start Monday with a fresh portfolio of $1,000,000 CNBC Bucks--and each player has only one portfolio. There are no more trivia questions for Bonus Bucks--today's the last day for them. And if you think you will be weekly winner #10, check your email--starting tonight--to see if we've contacted you and you qualify as the winner. That way you can start trading on Monday with the rest of the finalists.
Here's a CNBC news video report from CNBC/Wall Street Journal reporter Bob O'Brien on earnings. One of the stock he talks about is on the most active list-ALU. One that's not is Helen of Troy--which did "gangbusters" and gained some 16% in stock value. Did anyone have this stock? You did pretty well if you did. Here's the report that includes a look at AIG and THQI.
Friday--today--is the last day of Trading With The Stars--and only transactions that were input by 4 pm ET Thursday will make a difference in their standings. As the Dow fell almost 150 points, Ernie Hudson was the only celeb to show a portfolio gain Thursday--on Gmarket. Jonathan Tucker regained the top spot, and Stephen Collins fell back into second on heavy losses in Golden Telecom. Meanwhile, Chris Moneymaker got crushed on Allscripts Healthcare, which has cost him $181,862.60 since he purchased it on 5/8, and he is now in last place. James Cromwell was hit hard by Knot Inc. which cost him $160K dropping him from 4th to 8th.
Well, if you owned Vonage on Thursday, and a lot of you did, you got your "just" rewards as the stock turned out to be a best performer. It gained 10.82% by Thursday's close. Vonage has been on the most active and widely held lists for some time now. This it's first appearance as a best performer. A couple of newer names showed up on the most active--HALO,ALU and MNKD. Here ya go: