Nvidia Was Key To Success In My Stock-Picking Derby forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Laurent Condon, a professional trader in France, won my Short Sellers Don’t Have Horns short-selling contest — his second triumph in the annual competition. Condon won the contest in 2017-2018 and finished third the following year. He also has excelled in some of my other contests. In addition to the
Contestants who picked energy stocks did well in my 14th annual stock picking contest. Almost everyone else did badly. My contest is called Dorfman’s Three Stock Derby. Each contestant picks three stocks. Total returns for the three are averaged, and the person with the highest average is the winner. Aside
John Dorfman
Investing columnist John Dorfman (Photo: Bloomberg News)
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In a crazy-good year for stocks, Robert Zedler, a 91-year-old retiree in Suffolk, Va., won Dorfman’s Three Stock Derby with a 334% return.
Despite his age, Zedler’s picks in my stock-selection contest were newish companies. His biggest gainer was Plug Power Inc. (PLUG), a maker of hydrogen fuel cells. That stock soared 543%. Next was Moderna Inc. (MRNA), the inventor of a leading covid vaccine, up 244%.
He also notched a 213% gain in Livent Corp. (LTHM), a producer of lithium used in electric-car batteries.
Stock Picking Competition: Can You Outdo The Market? forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.