I have to say we are very impressed with the interest shown in this contest - the participation numbers are really great, as 50 portfolios have been entered! This is still an unofficial number, as we still have a couple of things to verify with participants, but irrespective of that, the turnout we have will make for a very interesting contest! As I mentioned before, just by looking at the positions that are in the various portfolios, we have a highly sophisticated base of participants.
Completely unintended, the launch of the contest happens to coincide with one of the busiest weeks in the corporate earnings calendar in the US, as many companies will be reporting their 3rd quarter earnings this week. One of the most popular stock picks among our participants is AAPL (Apple Inc), which is a position in 25% of the portfolios entered. AAPL reports their 3rd quarter earnings at the close of trading on Tuesday, October 18th. Other companies reporting earnings this week that we find in various portfolios include: McDonalds, American Express, Honeywell, Wynn Resorts, Coca-Cola, Microsoft, IBM, Encana, JNJ and Citigroup.
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