In the past week, The Numbers has been quite active in the market with a total of 11 equities traded. Let’s take a closer look at the performance of the stocks in our portfolio.
First up, we made a bullish move with Netflix, and it paid off handsomely with a 5.98% return. The streaming giant seems to be riding the wave of increased demand for at-home entertainment, and investors were quick to capitalize on this trend.
Another successful long position was with International Business Machines Corporation (IBM), which delivered a strong return of 11.49%. IBM has been making significant strides in emerging technologies, such as cloud computing and artificial intelligence, which may have contributed to its impressive performance.
Our bet on Advanced Micro Devices (AMD) also yielded positive results, albeit more modestly, with a 0.85% return. AMD’s continued focus on innovation and its position in the highly competitive semiconductor industry likely played a role in this outcome.
However, it wasn’t all smooth sailing in our portfolio. We decided to go against the grain and short Tesla, and unfortunately, it ended up working against us with a 3.32% loss. Tesla has been a polarizing stock in recent times, with investors divided over its valuation and prospects for future growth.
Moving on to the winners again, our long position in Amazon.com delivered a solid 2.92% return. The e-commerce giant has been a clear beneficiary of the shift towards online shopping, with its vast product selection and efficient delivery services being highly sought after.
We also saw positive returns from PayPal Holdings (2.59%), Alphabet (2.49%), Procter & Gamble Company (2.36%), Verizon Communications (0.27%), Microsoft Corporation (0.20%), and Raytheon Technologies Corporation (0.24%). Each of these companies has its unique strengths and market advantages, which likely contributed to their respective gains.
Overall, our portfolio managed to outperform the S&P500, recording a 2.65% gain compared to the index’s 0.82% return over the same period. This performance demonstrates the effectiveness of our investment strategy and the solid picks made by our team.
Furthermore, our success rate was impressive, with 82% of our trades ending in profits. This speaks to the expertise and analysis behind our decision-making process.
In conclusion, it was a fruitful week for The Numbers, with multiple successful trades and an overall solid performance. As always, our team will continue to monitor the market closely and make informed decisions to maximize returns for our investors.