Beat the Street Recap: Day 1

In the first day of TheStreet.com's new Beat the Street contest, player MrKrabbs increased his portfolio to $280,000 to take the lead in the week-long game.

Under the rules of the weekly contest, players will be able to switch one of their five stocks between tonight's market close and Wednesday's market open.

Contestants looking to research their changes should take a look at Patrick Schultz's weekly Power Stock Rankings, which includes his take on Schering-Plough(SGP Quote - Cramer on SGP - Stock Picks), Apple(AAPL Quote - Cramer on AAPL - Stock Picks), Yamana Gold(AUY Quote - Cramer on AUY - Stock Picks), Sirius Satellite(SIRI Quote - Cramer on SIRI - Stock Picks), Citigroup(C Quote - Cramer on C - Stock Picks), Research in Motion(RIMM Quote - Cramer on RIMM - Stock Picks) and Altria(MO Quote - Cramer on MO - Stock Picks).

Cramer: 'Beat the Street' Game Rocks

Players should also consult Stockpickr's Beat the Street forum, Monday's Mad Money recap, and the Fast Money recap.

A look at the top 15 players shows that each made at least $14,000 in profits on the first day. Shortly after 10:00 am EDT Wednesday morning, participants will be able to see the final picks of all the competitors and gauge their chances for the week. And remember, the next Beat the Street game will be held next week, so if you missed this week, you're only a few days away from your next chance to play.