CNBC Million Dollar Portfolio Challenge - Tuesday, Week 7
[Scroll down for answers to today's Bonus Bucks trivia questions.]
Watch this space for today's updates, picks, and reallocation methodology.
To recap, yesterday was a great start to Week 7 for our crowdsourced strategy. Generally speaking, stocks ended the day mostly lower, but half of our participating portfolios (the oil baskets) wound up with one-day gains of 5.6%.
Today, we remain poised to capitalize on oil volatility in either direction, by keeping half the portfolios in oil stocks and half in airlines (which received yet another unholy trouncing yesterday), and we've mixed in two companies reporting earnings before the opening bell - Symmetry Medical (SMA) and Kroger (KR).
This afternoon around 2 pm, once we know which of our subgroups is prevailing, we'll post today's reallocations.
Update [10:00 am]: Good news: both KR and SMA turned in strong results this morning and are trading up 5.9% and 12.8%, respectively. So-so news: neither the airlines nor the oil stocks are able to get off the ground so far this morning, what with oil prices being stubbornly steady. Lots of day left though...
Update [3:30 pm]: It's still not clear which group will finish in the lead, but all 4 are positive on the day, so let's have all participating portfolios execute today's reallocation. For this one, let's go back to the day of the week you were born to determine your allocation:
- Sunday: LCC, DAL, COMS, JBL
- Monday: LCC, DAL, FUL, MON
- Tuesday: CLR, FTO, COMS, JBL
- Wednesday: CLR, FTO, FUL , MON
- Thursday: COMS, JBL, FUL, MON
- Friday: LCC, DAL, UAUA, AMR
- Saturday: CLR, FTO, CEO, GMXR
Important: If you're using more than one portfolio for this project, kindly allocate the first portfolio according to the birthday scheme, the next portfolio to the allocation directly beneath it, and so on, until you've reallocated all involved portfolios.
For example: If you were born on a Friday 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 7: Monday, Tuesday
Week 6: Monday, Tuesday, Wednesday, Thursday, Friday
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.
Tuesday June 24th
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: Cramer Flashback: On May 27, the Mad Money guru called SPX the ultimate New Tech stock. What does it leverage?"
Answer: All of the above
Squawk On the Street: "Question: In her Monday blog post on foreclosures, what did Carmen Wong Ulrich say "matters most"?"
Answer: Home expense/salary ratio
The Call: "Question: In the CNBC.com feature, "The Future of Oil: What the Experts Are Saying," who is Peter Beutel paired with?"
Answer: Addison Armstrong
Power Lunch: "Question: According to CNBC.com’s video report “Foreclosure Tour Hits Manhattan” how many Q1 residential foreclosures were there?"
Street Signs: "Question: In Diana Olick's post, "Harvard and Housing: A Silver Lining?" Eric Belsky cited a "significant amount" of this:"
Closing Bell: Question: In the CNBC Stock Blog, "Brokerage Stocks: Go Long," what did Ryan Lentell call "probably the best set-up firm"?"
Answer: Goldman Sachs
Handcrafted by Flip on June 24, 2008 |
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