We are already midway through this month’s Stock Challenge!
So far, of the 336 Challengers, only 100 are in positive territory. The market has not been very friendly during these first couple of weeks in May — particularly for micro-caps.
The Stock Challenge Index itself has spent most of May below sea level but is now starting to come up for air.
Mineral exploration companies are the dominant force among the current top ten leaders — not surprising given the impact inflation has had on gold, copper, palladium and other metals in recent weeks.
Top 10 Leaderboard
Nine of the top ten contestants picked at least one mining stock this month. Furthermore, two of the top three performing stocks so far are mining stocks.
One thing we will point out is that the current 1st place contestant picked exclusively pharma/healthcare stocks — something kind of like the Bill Gates move we wrote about here.
True that it may be too early to call anything for May, but unless something earth shattering happens, it’s not looking like we’ll see anything close to the record-breaking returns we saw in Q1 (Jan/Feb). But hey, there’s still 14 days remaining, and anything can happen in the small and micro-cap markets.
Best of luck to you all for the remainder of the month! And don’t forget to sign up for June’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.