Tech stocks were the story in May. The NASDAQ outperformed commodities, rising from about 12,000 to just under 13,000 on the month. AI-related issuers specifically stole the show…

The top three performers in May’s Stock Challenge were ImmunoGen (+153%), AI – C3.Ai Inc (+124%), and Palantir Technologies (+89%). The losses on the month were largely in energy and base metals, as commodities like oil (-40% YoY), natural gas (-74% YoY), and coal (-66% YoY) were decimated in May.

Stock Challenge Index May 2023

Despite challenging markets, our Top 20 Stock Challengers almost all registered gains of 20% or more. The top 5 members posted 40% combined average returns or greater.

AI Tech Stock C3.Ai Adds $2 Billion in Market Cap in May

C3.Ai stock chart

‘Morris’ Wins May’s Stock Challenge

Member ‘Morris‘ won in dramatic fashion over fellow member ‘chris‘ who also selected (AI: NASDAQ) in May’s Stock Challenge. Morris’ 66.18% was too much for Chris’ 60.07% return, but it was a well-fought battle, to say the least!

Congrats on the win, Morris! That silver bullion and prize package will soon be yours! Lookout for an email from our support staff.

Our third-place finisher, Lubie1953, was right behind them with a 55.29% combined average return. Lubie’s selection of ImmunoGen (IMGN) soared 153% on the month and was the best-performing equity in May.

Finally, we have to mention our 6th place finisher and April’s Stock Challenge Champ ‘PAULETTO,’ who stuck with tech stock Gatekeeper Systems (GSI) in May. PAULETTO’s combined average return of 34.46% this month marks back to back strong performances. Great to see you in the Top 10 after winning April’s Challenge! Consistency matters in the markets…

May’s Final Top 10 LeaderboardMay's Stock Challenge Final Leaderboard

To our Top 3 finishers, lookout for an email from our support team. Your prizes will be on their way shortly.

Have a great rest of the week,