The Motley Fool and Microsoft Corp. today announced the one-millionth stock pick by Krishna Yalamanchi via The Motley Fool CAPS on MSN, a stock rating service and community site that allows users to trade stocks without using real money. In response to the increasing popularity of the CAPS stock rating services, MSN Money and The Motley Fool have also launched the MSN Money Stock Picks Contest, an online skill contest in which contestants are asked to create their own “fantasy” stock portfolios. The winners will be the three entrants who have achieved the greatest increase in their portfolio values as measured from Nov. 12, 2007, through Jan. 31, 2008. The grand prize winner will receive $2,500 cash; second prize winner will take home an Xbox 360 Elite system console; and third prize winner will get a Zune 80GB digital media player. More information about the contest is available at http://msncaps.fool.com/Contests.aspx.
CAPS member Krishna Yalamanchi, who uses the screen name “krishnay,” successfully picked IMAX Corp., an entertainment technology company, and predicted it would outperform the market. As of market close on Dec. 5, 2007, IMAX Corp. was outperforming the market. Yalamanchi will receive an X-Box 360 for the effort.
Motley Fool CAPS on MSN is one of the most popular services that rates stocks and tracks professional and individual investors to help provide market-beating investment ideas. Powered by a unique process, CAPS is a powerful yet easy-to-use research tool that harnesses investor sentiment and recommendations in real time, with more than 5,000 rated stocks generated from more than 1 million recommendations.
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