Stock Picking Competition

On behalf of the Stephen D. Cutler Center for Investments and Finance, thank you to all of the participants in our first Stock Picking Competition as part of the 20th-anniversary celebration of the Cutler Center!

To our alumni participants, thank you for taking the time to join and help provide some great competition for our students. To our student participants, we’re so pleased to see so many of you finish toward the top. This competition turned out to be quite timely and much more eventful than we would have ever predicted as a result of the coronavirus pandemic.

We hope this competition provided everyone with a risk-free opportunity to follow the market closely during these unprecedented times, learn some valuable lessons for investing, and most importantly, have fun!

Congratulations to our top 3 students, alumni, and overall competition winners! 

Top 3 Alumni: 

  • 1st Place: Marcos Bento MBA '17
  • 2nd Place: Jason Orlosky '04
  • 3rd Place: Aakant Taurani MBA'17

Top 3 Overall:

  • 1st Place: Todd Andrade MBA '21
  • 2nd Place: James Cheng '20
  • 3rd Place: Esteban Abello MBA '20

Top 3 Students:

  • 1st Place: Todd Andrade MBA '21
  • 2nd Place: James Cheng '20
  • 3rd Place: Esteban Abello MBA '20

 

Vying for First in a Volatile Market

The last three months have been some of the most tumultuous in the history of the stock market. Surges and declines presented a valuable experiential opportunity for students and alumni participating in the Cutler Center Stock Picking Competition.

Learn More

 

In honor of the Stephen D. Cutler Center for Investments and Finance's 20th anniversary, sign up to participate in an eight-week stock picking competition. Current students, faculty, and alumni are invited to compete against one another for various cash prizes. Portfolios will be issued $1 million of simulated currency when the competition begins through the platform Wall Street Survivor.

 

Market Summary - as of Friday, May 1, 2020

  • Stocks finished down to end the week, but for the month of April the S&P 500 posted its best month in 33 years, returning 13% and up ~30% since the March 23rd
  • It was a busy week of corporate earnings, particularly from some of the tech giants like Amazon and Apple, which continued to drive stock swings throughout the week.
  • This week, new data showed the intense toll the coronavirus is having on the economy. Q1 GDP came in worse than feared, personal consumption was a big drag, dropping 7.6% for its worst decline since 1980, and millions of Americans filed for unemployment benefits, with initial jobless claims for the latest week at 3.8M which was higher than estimates.
  • Earlier in the week, the Federal Reserve warned of greater economic deterioration ahead but said it would continue to use its tools to support the economy.
  • The S&P was flat for the week, returning -0.2%. The overall return since the start of our competition (March 9th) was ~3%.
  • The sector performance was mixed. Energy, Communication Services, and Materials performed best, while Utilities, Healthcare and Consumer Staples were weaker.

 

KEY DATES

Monday, February 3: Registration Opens

Monday, March 9: Competition begins at 9:30 AM EST - Portfolios are issued $1 million of simulated currency

Friday, May 1: Competition ends at 4:00 PM EST

Week of May 4: Results Announced & Prizes Awarded

Thursday, September 24: Save the Date! Winners will be honored at the annual Alumni in Finance Reception in Boston


 

CASH PRIZES

Prizes will be awarded to the top three finishers in the following categories:

Top Alumni Prizes

1st Place - $300; 2nd Place - $200, 3rd Place - $100

Top Student Prizes

1st Place - $300; 2nd Place - $200, 3rd Place - $100

Top Overall Prizes

1st Place - $750; 2nd Place - $500, 3rd Place - $250


 

OFFICIAL RULES

Official Simulated Babson Stock Picking Competition Rules

THE BABSON STUDENT AND ALUMNI STOCK PICKING COMPETITION INVOLVES THE USE OF VIRTUAL SECURITIES AND CASH BALANCES. THE ODDS OF WINNING WILL BE DEPENDENT ON THE NUMBER OF PARTICIPANTS/TEAMS THAT PARTICIPATE. ENTRY IN THIS COMPETITION CONSTITUTES ACCEPTANCE OF THESE OFFICIAL COMPETITION RULES. BY PARTICIPATING IN THE COMPETITION, EACH PARTICIPANT REPRESENTS AND WARRANTS THAT HE OR SHE MEETS THE ELIGIBILITY REQUIREMENTS AND HAS READ, ACCEPTS AND WILL COMPLY WITH THESE OFFICIAL COMPETITION RULES.

THE 2020 BABSON STOCK PICKING COMPETITION IS ADMINISTERED THROUGH WALL STREET SURVIVOR.

Internet access is required to participate in this Competition. The Competition can be accessed through the following link:

https://app.wallstreetsurvivor.com/registerto/CutlerCenterStockPickingCompetition

1. Key Dates

Monday, February 10, 2020: Registration Opens

Monday, March 9, 2020 (9:30 AM EST): Competition Kick-Off - Portfolios are issued $1 million of simulated currency and the Competition Begins

Friday, May 1, 2020 (4:00 PM EST): Competition Ends

Week of May 4, 2020: Results Announced & Prizes Awarded

Thursday, September 24, 2020: Winners will be acknowledged at the annual Babson Alumni in Finance Reception in Boston

2. Eligibility Conditions

To enter the competition and be eligible to win a prize, a participant must either be a current undergraduate or graduate student, a member of the Babson Alumni Community, faculty or staff.

The Cutler Center as Host reserves the right to contact participants for verification purposes. As a condition of participation, each participant agrees to provide the Host with any and all requested documentation or other proof of eligibility within the specified time frame and as requested by Host in its sole discretion. Such documentation may include, without limitation, a photocopy of School or personal identification. The Host reserves the right to disqualify at any time any individual participant or related team if a participant or the team itself does not meet the eligibility criteria described in this section or has otherwise violated Competition Rules, as determined in the Host’s sole discretion.

THE COMPETITION IS NOT OPEN TO THE GENERAL PUBLIC.

3. Competition Composition

Each participant can enter the competition as an individual or team of two. Participants can be graduate students, undergraduate students, or Babson alumni.

There is no limit to the number of participants. Only one competition entry per participant. If competing as a team of two, you must register under one username.

Each participant’s simulated trading account will initially be credited a virtual (not real) cash account of $1 million to assist in building their stock portfolio.

4. Competition Rules

Participants will join the “Cutler Center Stock Competition” League to enter the competition on the Wall Street Survivor Website, which can be found at: https://app.wallstreetsurvivor.com/registerto/CutlerCenterStockPickingCompetition

In order to participate in the competition, all participants must input their first and last name, email, and create a username. Once your account has been created you will be asked to validate your email.

Participants are each solely responsible for maintaining the security of their Wall Street Survivor account information and password.

New participants can be added and new teams can be formed through March 8, 2020. Once the competition begins on March 9, 2020 at 9:30am EST, no new participants can be added.

The competition is limited to trading Equity securities and Exchange Traded Funds (ETFs), subject to the specifications detailed below. Shorting is also allowed. Day trading is allowed.

  • The minimum stock price for buying: $3.00
  • The minimum stock price for shorting: $5.00
  • The maximum number of trades allowed throughout the duration of the competition: 500
  • Position limits on securities: 25%

These limits are enforced by the application and apply at the time of purchase.

Each contestant must:

  • Make at least one proposal to buy and one proposal to sell a stock.
  • If any participant is found to be manipulating the system or violating the spirit of the competition, they and/or the team will be disqualified.
  • At their sole discretion, the Host reserves the right to verify eligibility and rule obedience and to take related reasonable action to protect the integrity of the competition, at any time and for any reason.

5. Prizes

The Babson simulated stock picking competition will have multiple prizes awarded totaling up to $2,700.

The winners must have followed all the rules contained in these Competition Rules.

1st Place Student (or team) Prize: $300

1st Place Alumni Prize: $300

1st Place Overall Prize: $750

Judging will begin when the competition ends and prize winners will be announced via email during the week of May 4, 2020. Winners will also be honored and celebrated at the Babson Alumni in Finance Reception on September 24, 2020, in Boston.

6. General Conditions

The Host reserves the right to withdraw or amend this competition in any way, at the event of an error, technical problem or failure, computer virus, bugs, tampering, unauthorized intervention or any other cause beyond the reasonable control of the Host that interferes with the proper conduct of this competition.

The Host reserves the right to cancel or suspend this competition, or to amend these rules at any time in any way without prior notice or obligation.

The Host does not assume any responsibility for technical malfunctions, human or technical error, printing errors, lost, delayed data or transmissions, omission, interruption, deletion, defect or failures of any telephone or computer lines or networks, computer equipment, software or any combination thereof.

As a condition of participating in this Competition, you grant the Cutler Center the right and permission to use, publish, post, or display your individual or team’s name, photograph, prize information, trade performance information, for advertising, publicity, and promotional purposes on the Babson website or Babson social sites.

7. Questions

If you have any additional questions, please email Leslie Romiza, Cutler Center Program Manager at lromiza1@babson.edu.