In the last week, The Numbers portfolio has been buzzing with activity, trading a total of 7 equities. Let’s take a look at how each stock fared and what contributed to the overall performance.
Starting off on a high note, our decision to go long on shares of Meta Platforms paid off handsomely, with a remarkable return of 21.27%. This impressive performance can be attributed to Meta’s finally releasing dividends and buoying investor confidence.
Similarly, our long position in NVIDIA Corporation yielded positive results, generating a healthy return of 4.58%. This semiconductor giant has been at the forefront of technological advancements, capitalizing on the growing demand for AI and data processing capabilities.
Next up is Qualcomm, which also contributed positively to our portfolio with a return of 5.34%. As one of the leading players in the telecommunications and mobile technology sector, Qualcomm’s strong market position and continuous development of advanced chipsets played a key role in driving its performance.
Moving on to the streaming industry, our decision to go long on Netflix proved to be a wise move, resulting in a solid return of 4.98%. This well-known entertainment platform continues to dominate the market, offering a wide range of content and attracting a large subscriber base.
Our position in PayPal Holdings also performed admirably, generating a return of 3.57%. As a leading player in the digital payments industry, PayPal has been able to benefit from the increasing trend towards online transactions and the growing importance of cashless payments.
While Comcast Corporation only contributed a modest return of 1.50%, it still added value to our overall performance. This media and telecommunications conglomerate has been strategically expanding its business portfolio to encompass various segments of the entertainment industry, positioning itself for long-term growth.
Unfortunately, our decision to go long on Advanced Micro Devices did not pan out as expected, resulting in a loss of 6.42%. This setback can be attributed to various factors, including market volatility and potential challenges faced by the semiconductor industry during the given period.
Taking all these trades into account, our portfolio recorded a slight gain of 0.10%. While this may not be overly significant, it showcases the resilience and versatility of our investment strategy even in a market that may have experienced fluctuations.
However, despite the positive overall performance, it’s important to note that we trailed behind the S&P500.
With a successful trade percentage of 67%, our success rate remains strong and reflects our commitment to thorough research and analysis before making investment decisions. This track record is a testament to our disciplined approach and serves as a foundation for future opportunities in the market.