Day 3 Could See Interesting Portfolio Moves

The first two days of trading in our UCU Investment Challenge portfolios has been interesting, as negative market tone has switched into positive tone, and fairly abruptly mid-day yesterday, readusting some portfolio values. Today will be quite interesting because of the earnings miss by Apple (AAPL), the first time the company missed quarterly earnings estimates since 2004! AAPL is the most popular holding in our universe of positions, and so there will be an interesting dynamic evolving in portfolio valuations.