CNBC Million Dollar Portfolio Challenge - Monday, Week 6
[Scroll down for answers to today's Bonus Bucks trivia questions.]
Watch this space for today's picks and contest updates.
Unfortunately, we didn't quite win Week 5 after all. After Friday's rebalancing, our own Hugh Daniel slipped from 1st to 4th. His 19.9% return made for a terrific week, but it wasn't quite enough to take home the TAG Heuers.
This week's prize is a 4-day trip to Annika Academy in Orlando, including nine holes with Annika herself.
The allocations we set on Friday will be the first to count toward this week's performance. See updates below for today's picks and subgroup segmentation.
Update: So far, things are looking good for Group 1 (MMR, REXX, DPTR, LEH), which is enjoying an intraday gain of 4.4%, thanks to another increase in oil prices and a favorable market reception to Lehman Brothers' earnings release.
Update: Spoke too soon. Airline stocks are staging a bit of a late morning rally, leading Group 2 (LCC, AMR, UAUA, LEH) to pull nearly even with Group 1. At 11:30, all 4 Friday groups were trading higher, despite the Dow and S&P 500 moving lower today.
Update: Pulling into the close, Friday's Groups 3 and 4 are vying for the best finish, with both showing an approximate one-day gain of 6.8%, including bonus bucks. All 4 groups are doing nicely, so let's have everyone proceed with the next reallocation and keep as many portfolios alive as possible.
We've got 5 subgroups today, assigned according to the last digit of your phone number, as follows:
- 1-2: BBY, TCL, HK, UAUA
- 3-4: GS, BBY, HK, UAUA
- 5-6: GS, TCL, HK, UAUA
- 7-8: BBY, TCL, GS, UAUA
- 9-0: BBY, TCL, GS, HK
Remember to enter those trades by 4 pm today.
If you're looking for additional potential founts of volatility, at least two other contest-eligible companies will report earnings after today's close or before tomorrow's open: Adobe Systems (ADBE) and FactSet Research (FDS).
Important: If you're using more than one portfolio for this project, kindly allocate the first portfolio according to the phone number scheme, the next portfolio to the allocation directly beneath it, and so on, until you've reallocated all involved portfolios.
For example: If your phone number ends with a 7, and you're using 3 portfolios, your allocations would be:
In all cases, each position should be set at 25%.
Consider all of the above to be for entertainment purposes and not meant to be used as real-world investment recommendations. The goals and strategies of the Portfolio Challenge are not to be confused with those of sensible investing.
See all related posts in the CNBC Portfolio Challenge archive:
- Week 6: Monday
- Week 5: Monday, Tuesday, Wednesday, Thursday, Friday
- Week 4: Monday, Tuesday, Wednesday, Thursday, Friday
- Week 3: Monday, Tuesday, Wednesday, Thursday, Friday
- Week 2: Monday, Tuesday, Wednesday, Thursday, Friday
- Week 1: Monday, Tuesday, Wednesday, Thursday, Friday
- Week 0: Pre-game
- A New Fly In the Ointment
- Currency Trading Resumes
- More Technical Difficulties
- Prize Poll
- The Airing Of Grievances
- Technical Difficulties, Orders Cancelled
To receive additional updates by e-mail, drop a line here with the word "Subscribe" in the subject header.
Monday June 16th
Throughout the contest, each day's answers will be at the top of the CNBC Portfolio Challenge archive as soon as the questions are published, so bookmark accordingly.
Squawk Box: "Question: Where did "Managing Asia" blogger Christine Tan get her Masters degree?"
Answer: University of Auckland
Squawk On the Street: "Question: On June 5, Cramer sang the praises of Yum! Brands. How high did he say the stock would go?"
Answer: Past $45
The Call: "Question: "Beloved Characters as Reimagined for the 21st Century" told of toon & toy updates. What was "the industrys nightmare"?"
Answer: Earring Magic Ken
Power Lunch: "Question: The May 27 Fast Money University segment had bad news for some -- but possibly good for others. What was the topic?"
Answer: Natural disasters
Street Signs: "Question: Darren Rovell called Kimbo Slice the fiercest athlete since Mike Tyson. Whom did Rovell see Slice fight on May 31?"
Answer: James Thompson
Closing Bell: "Question: In "Utility Stocks Hotter with Deregulation," which stock was Dan Eggers' "top idea right now"?"
Question: "A series of higher highs and higher lows signals what kind of trend?"
Handcrafted by Flip on June 16, 2008 |
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