CNBC Million Dollar Portfolio Challenge - Tuesday, Week 10
[Scroll to the bottom for answers to today's Bonus Bucks trivia questions.]
Watch this space for today's updates, picks, and reallocation methodology.
Oddly, it looks like CNBC has decided to obscure the details of the leaderboard from us for the last few days of the contest. Replacing the scoreboard is a "winner's (sic) board", complete with lovely headshots of the weekly winners, but no Week 10 or overall rankings or standings.
Needless to say, this changes things somewhat for anyone vying for one of the top 6 spots who planned to incorporate the leaders' latest scores into their ongoing optimization of their own risk appetite. Unclear whether that was deliberate, and if so, what the rationale for this unannounced change in the gameplay might be.
Update: Today's reallocation is going to be an exciting one. We've been playing airlines and earnings reporters all contest long, but today, they're one and the same. Delta will report tomorrow before the closing bell and if you're looking for some last minute professional-grade volatility to make a final push for the leaderboard, I'm not sure you can do better than to load up on airlines today.
For a change, our airline basket is already doing well today, with oil having tumbled $10/barrel. But these stocks are still down unfathomably large amounts year-to-date and could be poised for a heckuva day, now that they'll have an actual earnings catalyst to focus renewed attention on their valuation.
That said, there are many contest-eligible stocks reporting earnings after today's close and before tomorrow's open, including a handful of financials which look pretty interesting, in the wake of the recent sell-off. For our participating portfolios, then, here are our reallocations for this afternoon, based on the day of the week you were born:
- Mon-Wed: CAL, UAUA, AMR, DAL (airlines)
- Thu-Fri: GMXR, CLR, CHK , DAL (oil operations + Delta)
- Sat-Sun: FMBI, PJC, WFC, RLI (financials)
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 participating portfolios.
For example: If you were born on a Saturday, and you're using 2 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 10: Monday, Tuesday
Week 9: Monday, Tuesday, Wednesday, Thursday, Friday
Week 8: Monday, Tuesday, Wednesday, Thursday, Friday
Week 7: Monday, Tuesday, Wednesday, Thursday, Friday
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
- Scoring Anomalies Resolved
- 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 July 15th
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: In the Stock Blog post, "Five-Star Picks: Fuel and Fertilizer", which stock supposedly has "at least 50 percent upside"?"
Squawk On the Street: "Question: In Jim Goldman's preview, "This Week's Tech Earnings Bonanza", what is the FIRST stock mentioned?"
The Call: "Question: Web Video Hunt: In Monday's CNBC.com video, "Commodities Explosion", which precious-metals play was John Roque's pick?"
Power Lunch: "Question: On Monday, Goldman Sachs' Abby Joseph Cohen told CNBC that the fair value of the S&P 500 is:"
Street Signs: "Question: Picks & Pans: In "Options Bubble on Financial Trouble," whose "implied volatility" shot up 101% Monday?"
Closing Bell: "Question: In Monday's video roundup "Best Trades Now: Financials, Medical Suppliers & More" which one is a 10-day earnings reactor?"
Handcrafted by Flip on July 15, 2008 |
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