<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="For those in the dark, the WeTrader Competition offers traders the chance to build their best-performing portfolio with $100,000 in simulated capital every week until the closing bell on November 1. The top 10 performing portfolios each week will receive an Amazon.com, Inc. (NASDAQ: AMZN) gift card valued between $100 for tenth place all the way up to $5000 for the first-place portfolio.” data-reactid=”19″>For those in the dark, the WeTrader Competition offers traders the chance to build their best-performing portfolio with $100,000 in simulated capital every week until the closing bell on November 1. The top 10 performing portfolios each week will receive an Amazon.com, Inc. (NASDAQ: AMZN) gift card valued between $100 for tenth place all the way up to $5000 for the first-place portfolio.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Successful traders will also contribute toward a donation to Shriners Hospitals for Children of up to $50,000.” data-reactid=”20″>Successful traders will also contribute toward a donation to Shriners Hospitals for Children of up to $50,000.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Finally, the top ten winners from each of the four weekly rounds will also be entered into the final championship round in which they will compete for the chance to win either a $40,000 student loan payment or a Tesla Inc. (NASDAQ: TSLA) Model 3.” data-reactid=”21″>Finally, the top ten winners from each of the four weekly rounds will also be entered into the final championship round in which they will compete for the chance to win either a $40,000 student loan payment or a Tesla Inc. (NASDAQ: TSLA) Model 3.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Account Returns” data-reactid=”22″>Account Returns
This second round of the competition drew in 5,267 participants and saw the paper traders post roughly $2M in simulated profit, raising an additional $2,000 for the Shriners Hospitals for Children. The total donation amount for the competition now sits at $7,424.
Individually, the top ten participants generated between 18.05% and 30.98% in profits, helping to make this round the most profitable of the tournament.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Market Update” data-reactid=”25″>Market Update
The major indexes each finished the week up this week between 0.7% and 1.2%, with the S&P 500 finding a new all-time closing high of 3,066. Helping these results were relatively solid GDP figures and yet another interest rate cut.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="On the earnings front, the market was helped by positive results from blue-chip companies Apple Inc. (NASDAQ: AAPL) and General Motors Company (NYSE: GM), while a bottom-line miss from Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) ended up putting the stock generally flat on the week.” data-reactid=”27″>On the earnings front, the market was helped by positive results from blue-chip companies Apple Inc. (NASDAQ: AAPL) and General Motors Company (NYSE: GM), while a bottom-line miss from Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) ended up putting the stock generally flat on the week.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The biotech sector also had strong figures over the week with quarterly beats from Pfizer Inc. (NYSE: PFE) and Merck & Co., Inc. (NYSE: MRK), although disappointing sales and lowered guidance from Sanofi (NASDAQ: SNY) may have diminished some of the enthusiasm in the sector.” data-reactid=”28″>The biotech sector also had strong figures over the week with quarterly beats from Pfizer Inc. (NYSE: PFE) and Merck & Co., Inc. (NYSE: MRK), although disappointing sales and lowered guidance from Sanofi (NASDAQ: SNY) may have diminished some of the enthusiasm in the sector.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The Championship Round” data-reactid=”29″>The Championship Round
The final championship round begins at market open on Monday, November 4 and runs through Friday, November 8. The 70 contestants—the top 10 portfolios from each weekly round and 30 of the most popular participants—will vie for the grand prize of either $40,000 in student debt payments or a Tesla Model 3.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The final batch of competitors can expect a slew of earnings reports from The Walt Disney Company (NYSE: DIS), Uber Technologies, Inc. (NYSE: UBER), QUALCOMM Incorporated (NASDAQ: QCOM) and Baidu, Inc. (NASDAQ: BIDU).” data-reactid=”31″>The final batch of competitors can expect a slew of earnings reports from The Walt Disney Company (NYSE: DIS), Uber Technologies, Inc. (NYSE: UBER), QUALCOMM Incorporated (NASDAQ: QCOM) and Baidu, Inc. (NASDAQ: BIDU).
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Webull is a content partner of Benzinga” data-reactid=”32″>Webull is a content partner of Benzinga
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="This promotion is in no way sponsored, endorsed, or administered by, or associated with Benzinga. By participating in the WeTrader Competition you are providing information to Webull and not to any other party. The information provided will be used in conjunction with the following Privacy Policy found at https://www.webull.com/policy” data-reactid=”33″>This promotion is in no way sponsored, endorsed, or administered by, or associated with Benzinga. By participating in the WeTrader Competition you are providing information to Webull and not to any other party. The information provided will be used in conjunction with the following Privacy Policy found at https://www.webull.com/policy
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="No content on the Benzinga website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data on the website are for reference only and no historical data shall be considered as the basis for judging future trends.” data-reactid=”34″>No content on the Benzinga website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data on the website are for reference only and no historical data shall be considered as the basis for judging future trends.
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