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CNBC Million Dollar Portfolio Challenge - Tuesday, Week 6

[Scroll down for answers to today's Bonus Bucks trivia questions.]

We're off to a good start this week, with 100% of participating portfolios in the black and half of them returning 6.7% or more on the first day.  If a couple of yesterday's picks pan out today (earnings reporters BBY, TCL, and GS, with some oil and airlines on the side), many of you should be looking at double-digit week-to-date gains by today's close.

The average weekly prize winner has managed 26.1%, so anything above 9.7% by Tuesday is potential Annika territory.

Today's new allocations and subgroup segmentation methodology are available below.

Update:  Looks like we're 2 for 2 so far today, with BBY and GS both beating Wall Street expectations and moving higher in pre-market trading.  Mumbai-based TCL hasn't reported yet.

Update:  Despite Best Buy's beat, persistent retailer-wariness dragged the shares lower during the regular session.  Even so, all 5 groups remain positive for the day (as of 1:20 pm), even before bonus bucks.  None too shabby on a day when all major indices are moving lower.  At this point, the best performing subgroup is Group 3 (GS, TCL, HK, UAUA), with an intraday gain of  5.0%, including bonuses.  If we were to close at these prices today, our best performers would realize a week-to-date gain of 12.2%.

The leading group could well change by day's end, so I'd again encourage all participating portfolios to go ahead with today's reallocations.  Make sure to enter all trades by 4 pm (Eastern) today.

Today's segmentation methodology is brought to you by the first letter of your last name.

  1. A-F: LNN, IHS, APA, DVN
  2. G-L: MS, LNN, FDX, UAUA
  3. M-S: MS, LNN, IHS, APA
  4. T-Z: IHS, AMR, FDX, UAUA

Important: If you're using more than one portfolio for this project, kindly allocate the first portfolio according to the surname initial scheme, the next portfolio to the allocation directly beneath it, and so on, until you've reallocated all involved portfolios.

For example: If your last name is Vorshtein, and you're using 2 portfolios, your allocations would be:

In all cases, each position should be set at 25%.

Four of these names (MS, LNN, IHS, and  FDX) are earnings reporters; the others constitute that airline/oil pairings.

For reference, there are at least three other eligible earnings reporters on deck (CLC, KMX, and CMC), but they seem somewhat less suited for our purposes.

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:

To receive additional updates by e-mail, drop a line here with the word "Subscribe" in the subject header.

Bonus Bucks
Tuesday June 17th

Cnbc_triviaThroughout 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.

Daily Trivia:

Squawk Box:  "Question: In Bob Pisani's blog post "Using Analysts As Contrarians?" which financial firm's employee is mentioned by his full name?"

 Answer: Merrill Lynch

Squawk On the Street:  "Question: In Monday's "Stop Trading!" segment, which stock did Jim Cramer say "suffers from a lack of momentum"?"

    Answer: Nokia

The Call:  "Question: CNBC Stock Blog: On June 16, Jonathan Vyorst offered CNBC his stock picks. But which one was an exclusive "Web Extra"?"

    Answer:  American Financial

Power Lunch:  "Question: Full disclosure: In "Stocks Your Dad Would Love," which of Brent Wilsey's picks is in his portfolio?"

 Answer:  Harley-Davidson

Street Signs:  "Question: In "Take Your Position: Financials" Fast Money's Guy Adami says "take at least half your position off the table" for:"

   Answer:  Lehman Brothers

Closing Bell:  "Question: In Vince Farrell's "Raising Rates Would Spark a Rally" he quotes Stefan Abrams on the worst thing for stock prices:"

   Answer:  Rising rate of inflation

Handcrafted by Flip on June 17, 2008 |

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Comments

I had all my trades in before 4pm Cst, but only trades in 3 of my accounts went through? Is there a cutoff time that trades have to be in before? Could it be 3pmcst, I was entering my trades about then, so I could have entered 3 before 3pm and 2 after? Just wondering if that was the problem.. thanks

Posted by: jaxxman | Jun 17, 2008 10:51:37 AM

Jaxxman - Trades need to be in by the closing bell, which is 4 pm Eastern.

Posted by: Flip | Jun 17, 2008 10:54:25 AM

I don't know how the bonus is figured in but my best gains yesterday were 6.4%. Looks like bby & gs are rolling over.

Posted by: Mike Hutchins | Jun 17, 2008 12:13:17 PM

Looks like bby & gs are rolling over.
It's bizarre. Hopefully they'll perk up this afternoon. Happily, Petrohawk and Tata are picking up the slack in the mean time. As is (at about 12:20), Group 3 should be looking at the best intraday gain - roughly 4.0%, including bonuses through the end of the day. That'd put our best week-to-date gains at just over 11.0%.

Posted by: Flip | Jun 17, 2008 12:20:32 PM

IHS and HWAY are announcing earnings after market close on wednesday.

Posted by: Thiru | Jun 17, 2008 3:22:49 PM

You're right, Thiru. Thanks for the heads up. I got my lists tangled a bit and included two of tomorrow night's earners on tomorrow morning's roster. The impact should be limited though - those groups with IHS will incur 25% of its one-day pre-earnings move instead of 25% of its post-earnings move. Sorry for the mix-up.

Posted by: Flip | Jun 17, 2008 3:27:58 PM

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