Market Madness: Alcoa Faces Off Against Smith & Wesson in The Finals

Joel Anderson |

March Market Madness The FinalsThe big day has arrived. Market Madness started with 64 companies eager to cut through the competition and make it to this final match-up and the chance to be declared the champion of Market Madness. The road has been long and arduous, so here's a brief recap of the action.

Round 1

The first round was a wild one, with upsets galore. So many upsets that it almost made one wonder if the seeding was done based on a largely arbitrary system that didn't accurately predict performance. Three of the four seeds fell in the first round of action, including Apple (AAPL), which apparently had the one bad day for its stock since the start of the year on day one of the tournament. The first round also saw three 15 seeds upsetting two seeds, which was only one more than we had in March Madness this year.

Round 2

The only one seed to survive the first round, Cobalt International Energy (CIE) in the Mid Major Bracket, lost in the second round, leaving the field wide open and the title any company's to take. Bank of America (BAC) continued to make a strong showing, making some analysts ponder if the lengthy bull-run by its stock would carry it all the way to the finals.

Round 3

The Sweet Sixteen was filled with drama as Google (GOOG) knocked out Wells Fargo (WFC) in the blue-chip bracket, continuing its reign of taking down Warren Buffett's favorite stocks after eliminating Berkshire Hathaway (BRK.A) in the first round. Bank of America's wild run continued, and ultimate finalists Smith & Wesson (SWHC) and Alcoa (AA) started to make their presence felt.

Round 4

The Final Four were finally set as Coca-Cola (KO) finally got its vengence for the entire Buffett portfolio by taking down Google and Bank of America continued to steamroll the competition.

Round 5

The Final Four provided two tight matches, but it was Alcoa and Smith & Wesson that emerged in the end.

So, without further ado...

...the results of the final!

7. Smith & Wesson (SWHC) -1.27 percent over 3. Alcoa (AA) -1.57 percent

It might have been an ugly match up, but it was also one of the closest. Smith & Wesson appeared to have fired all of its ammunition just getting to the finals, but Alcoa crumpled down the stretch. The 0.3 percent difference makes for a razor-thin margin, and the final game proved to have all the excitement one could have hoped for.

Congratulations to Smith & Wesson, winner of the 2012 Market Madness Bracket!

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
AA Alcoa Inc. 9.88 0.23 2.38 17,748,052
AAPL Apple Inc. 113.95 0.86 0.76 29,641,085
BAC Bank of America Corporation 15.38 0.09 0.59 66,076,402
BP18D BP Capital Markets Plc Nt Fltg Rate 02/13/2018 n/a n/a n/a 0
CIE Cobalt International Energy Inc. COBALT INTERNATIO 1.22 0.14 12.96 6,646,847
GOOG Alphabet Inc. 781.56 -1.45 -0.19 1,109,834
KO Coca-Cola Company (The) 42.15 -0.44 -1.03 15,523,783
SWHC Smith & Wesson Holding Corporation 26.00 0.14 0.54 1,511,358
WFC Wells Fargo & Company 45.31 0.22 0.49 28,220,297

Comments

Emerging Growth

Nano One Materials Corp.

Nano One Materials Corp is a technology company. The Company manufactures storage materials for lithium ion batteries.

Private Markets

MyForce, Inc.

As parents, we constantly worry about the safety of our loved ones. The media bombards us with incidents from across the nation school shootings, frequent assaults on campuses, and crimes…

Santo Diablo Mezcal

Santo Diablo Mezcal has been created to capitalize on a boom sector of the beverage market currently full of many small unmemorable products by producing one sexy, household, easily recognizable…