March Madness (Tournament)
Sometimes you just gotta do something “mindless” and holding a return-based elimination tournament of stocks over the next few weeks of March Madness seemed to fit the bill.
The (64) qualifiers are based on the highest 1-year total return forecasts according to the analyst consensus (ACE) with a minimum stock price of $9. In the first round, #1 plays #64, #2 plays #63, #3 plays #62, etc. There are some community and recently featured favorites such as Stifel Financial (SF), Vertex Pharma (VRTX), Michigan’s own Steelcase (SCS) and Inteliquent (IQNT). There are also “villains” like Valeant Pharma (VRX). David Einhorn and Greenlight Capital (GLRE) have been red hot — can they extend the trend into the tournament?
The tracking dashboard for Week One is: https://www.manifestinvesting.com/dashboards/public/march-madness-64