We’re approaching the halfway point of this month’s contest…
So far, 196 of our 395 contestants are in positive territory. That’s already better than March where only 30% of Stock Challengers didn’t lose money.
We had a fast start to the month, but this week has been a heck of a roller-coaster for the Stock Challenge Index (SCI). After being positive for the first ten days of April, the SCI dipped below zero for a day, but has now leaped backed into the green zone.
The TSXV is seeing a lot of action in April. The biggest chunk of the stocks picked in this month’s challenge are from the TSX Venture.
Of all the stocks picked in the Challenge, TSXV picks are averaging the second best returns overall, right behind the average returns from the CSE. Go micro-caps!
As you can see, stocks picked in this month’s contest from the major exchanges down south are struggling, as they remain in negative territory.
It looks like April will be another tight contest….
To get an idea of just how close things are, current 1st place ‘heyjude’ is ahead by roughly 24 percentage points. 2nd place and the eleventh-ranked player are separated only by about 17%. The biggest margin between adjacent spots in the top 10 (except between #1 and #2) is ~4%.
Check out the current rankings.
Even 1st place has changed a handful of times already within the last 2 weeks. It’s looking pretty spicy.
Blockchain seems to be the name of April’s game.
Once again Challengers are gobbling up crypto and blockchain-related stocks. All of the top 10 leaders have blockchain/crypto-based picks in their portfolio. The top 5 biggest breakout stocks in this month’s Challenge are all blockchain-based picks.
However, it’s not exactly an all-out takeover by blockchain/crypto. Gamestop is the most popular pick of the month.
Best of luck to you all for the remainder of the month! Don’t forget to sign up for May’s Stock Challenge when you have a moment. While there’s still plenty of time, we’d hate to see you miss out on a chance at winning silver bullion and Pinnacle Digest swag next month.
