In the past week, The Numbers has been making moves in its portfolio, trading a total of 11 equities. Let’s take a closer look at the performance of each stock.
Starting on a positive note, The Numbers went long on shares of Amazon.com, resulting in a solid return of 0.88%. This is a testament to the strength of the e-commerce giant, which continues to dominate the market and attract investors.
Another success story comes from Nike, as The Numbers saw a return of 2.17% on their long position. This could be attributed to the company’s strong brand presence, innovative products, and upcoming collaborations with popular athletes.
Merck & Co also proved to be a wise investment choice for The Numbers, with a return of 1.41%. This pharmaceutical powerhouse has been delivering solid financial results and making strides in the development of groundbreaking treatments.
Unfortunately, not every trade turned out in their favor. The Numbers experienced a slight loss of 0.29% on their long position in NVIDIA Corporation. This could be due to market volatility or specific challenges faced by the company in the given period.
On a brighter note, Costco Wholesale Corporation had a positive return of 1.43% when The Numbers went long on its shares. The company’s ability to consistently deliver value to its members and its resilient business model may have contributed to this success.
Similarly, Microsoft Corporation saw a return of 1.43% when The Numbers went long. Microsoft’s diverse product portfolio and strong presence in the technology sector continue to attract investors looking for stability and growth potential.
Intel Corporation also saw a modest gain of 0.37% when The Numbers went long. This semiconductor giant has been investing in emerging technologies, which may have contributed to its positive performance.
Verizon Communications, a leading telecommunications company, had a return of 0.68% when The Numbers went long. Their reliable and essential services may have appealed to investors seeking steady returns.
Unfortunately, The Numbers did not fare as well when it came to their long positions in the SP 500 and International Business Machines Corporation (IBM), resulting in losses of 0.14% and 0.82% respectively. Market conditions and specific company challenges could have played a role in these downturns.
Lastly, The Numbers experienced a loss of 0.89% on their long position in Tesla. This electric vehicle manufacturer, known for its innovativeness and disruptive approach, may have faced certain setbacks during the period.
Overall, The Numbers reported a total gain/loss of -0.06% across all their trades, showing a slight dip in performance. In comparison to the S&P500, recording a return of 0.36%, their portfolio underperformed. Despite this, The Numbers maintained a success rate of 57%.
As always, it is important to remember that investing in the stock market carries inherent risks, and it requires careful analysis and informed decision-making.