NEW YORK (TheStreet) -- There's a new stock-picking champion. MarketWatch's Cody Willard has taken the Smackdown crown from TheStreet'sScott Moritz, previous champ.
The market swoon Friday helped salvage some of Moritz's pride, but his portfolio never recovered from the bruising one-two punch of Intel (INTC) and Adtran (ADTN), both of which Willard was heavily long.
In the final tally of fake cash, Willard booked a $470 profit, or 4.6% gain on his $10,000 pretend investment for the week. Moritz, whose book was colored red all week, was down as low as 7% early on. He ended with a 2% loss, a deficit of $200 in his $10,000 initial play-money allocation.
Willard's winning strategy was to put $8,000 on Intel and networking gearmaker Adtran, which both blew past earnings targets Tuesday. Moritz, who took an all long strategy last quarter, reversed that move this time. Moritz went short Intel, Adtran, Polycom (PLCM), Google (GOOG) and National Beverage (FIZZ).The drama heated up after the bell Tuesday as Willard and Moritz squared off on Intel and networking gearmaker Adtran. Moritz was $4,000 short on the two stocks. And collectively, Willard staked $8,000 of his $10,000 total pretend allocation on the long side. Willard saw Adtran as part of "a major spend cycle to build up the wireless networks you use for your iPad, iPhones, Androids, Blackberrys and wireless cards." Despite being dead wrong on Intel and Adtran, Moritz almost made up lost ground with two spot on bets against Google and teleconference specialist Polycom. Google's troubling flat-growth pace and rising costs led to a 7% dip in the stock Friday. And Polycom strangely fell 10% Friday despite posting strong numbers and guidance. And, as Moritz predicted, Shasta soda maker National Beverage fizzled, but only 3% Friday. It was nowhere near enough to offset the Intel and Adtran damage. So Kudos to the new champ, Cody Willard. --Written by Scott Moritz in New York.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV