We've just completed the first week of activity for our portfolios, and we've now priced all positions and have portfolio values as of the end of trading on October 17th. It was quite a dramatic week, with a couple very big companies reporting mixed earnings - Apple Inc missed street estimates, and their shares fell about $30 from a high of about $426 on Oct. 17th, to $393 on Oct 21st. On the other hand, McDonalds had stellar results, and their stock popped higher by about 2%. AAPL is trading up over $10/share today, and so some of the lost ground is being made back. Companies held in our portfolios that report earnings this week include: Canadian Utilities, Atco, Inmet, Barrick Gold, Vale, Gold Corp and Agnico Eagle. The leader after Week One is up over 36%, with most portfolios hovering +/- the starting value of $100,000. 
Monday, October 24, 2011
UCU Investment Challenge - Week One Update!
We've just completed the first week of activity for our portfolios, and we've now priced all positions and have portfolio values as of the end of trading on October 17th. It was quite a dramatic week, with a couple very big companies reporting mixed earnings - Apple Inc missed street estimates, and their shares fell about $30 from a high of about $426 on Oct. 17th, to $393 on Oct 21st. On the other hand, McDonalds had stellar results, and their stock popped higher by about 2%. AAPL is trading up over $10/share today, and so some of the lost ground is being made back. Companies held in our portfolios that report earnings this week include: Canadian Utilities, Atco, Inmet, Barrick Gold, Vale, Gold Corp and Agnico Eagle. The leader after Week One is up over 36%, with most portfolios hovering +/- the starting value of $100,000. 
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