Investing.com UK - Financial Markets Worldwide
NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Benzinga Launches March Madness Stock Competition: What Companies Are The No. 1 Seeds And The Top Matchups?

Published 17/03/2022, 15:05
© Reuters Benzinga Launches March Madness Stock Competition: What Companies Are The No. 1 Seeds And The Top Matchups?
GME
-
IXIC
-

Benzinga has launched a “Bulls vs. Bears” March Madness competition to find out which stock will take home top honors by fan vote.

What Happened: Coinciding with the 2022 NCAA Men’s Basketball Tournament, Benzinga is offering fans the chance to vote for their favorite stocks in a seeded battle of 64 teams to narrow the field down to a Sweet Sixteen, Elite Eight and Final Four until one champion is crowned.

The stocks are seeded 1 to 16 in four different regions representing themes of electric vehicles, technology, health care and WallStreetBets favorites.

The voting dates for the matchups are:

  • Round 1: March 15-18
  • Round 2: March 19-22
  • Round 3: March 23-26
  • Quarter-Finals: March 27-30
  • Semi-Finals: March 31-April 3
  • Championship: April 4-8
Users are asked to select “Bull or Bear” for the two stocks in each matchup to pick a winner to move onto the next round. The most bullish stock in each matchup will move on to the next round.

The winning stock will be announced on April 11.

The Matchups: The 64 stocks selected by Benzinga fit the designated themes and are well-known publicly traded companies.

The No. 1 seeds are:

  • Electric vehicles: Tesla Inc (NASDAQ: TSLA)
  • Technology: Alphabet (NASDAQ:GOOGL) Inc (NASDAQ: GOOG)(NASDAQ: GOOGL)
  • Health Care: Pfizer Inc. (NYSE: NYSE:PFE)
  • WallStreetBets: GameStop Corp . (NYSE: NYSE:GME)
Some fun first-round matchups include:

  • No.1 seed GameStop versus No. 16 seed Robinhood Markets Inc (NASDAQ: NASDAQ:HOOD)
  • No. 8 seed Uber Technologies Inc (NYSE: NYSE:UBER) versus LYFT Inc (NYSE: LYFT) for the battle of ride-share companies
  • No. 4 seed Meta Platforms Inc (NASDAQ: FB) versus No. 3 seed Paypal Holdings Inc (NASDAQ: PYPL)
  • No. 2 seed Ford Motor Company (NYSE: NYSE:F) versus No. 15 seed Nikola Corp (NASDAQ: NKLA)
The real fun could come in the later rounds when a potential battle in the EV region could be waged between Tesla, Ford and General Motors Company (NYSE: NYSE:GM), the top three seeds, respectively, in the region.

The WallStreetBets region could come down to an exciting Elite Eight matchup between retail investors' favorites GameStop and AMC Entertainment Holdings Inc (NYSE: AMC), the top two seeds.

The technology region is loaded with favorites and some of the largest companies in the world including Alphabet, Microsoft Corporation (NASDAQ: NASDAQ:MSFT) and Amazon.com, Inc. (NASDAQ: NASDAQ:AMZN).

Follow along and submit your picks here.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read at Benzinga

Read the original article on Benzinga

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.