Capital Commentary, 2/17/2024

In the dynamic world of trading, The Numbers’ portfolio experienced a whirlwind of activity in the past week, with 14 equities buzzing in and out of positions. Notably, taking a bullish stance on Meta Platforms proved massively rewarding, delivering a stellar return of 9.94%, while NVIDIA Corporation and Qualcomm also dazzled with returns of 6.98% and 5.34%, respectively.

On the flip side, the portfolio encountered some turbulence with Advanced Micro Devices taking a hit, resulting in a loss of 6.42%. It seemed that the tide turned against trades in Netflix, Mastercard, and Merck & Co, leading to losses ranging from 0.08% to 1.07%.

Interestingly, going long on Exxon Mobil Corporation and The Walt Disney Company brought in positive returns, showcasing strength in traditional sectors. The mixed performance was further highlighted by Microsoft Corporation, Amazon.com, and Walmart clocking in moderate gains, while Tesla’s short position eked out a marginal return of 0.10%.

In total, the portfolio managed a modest gain of 0.39%, outperforming the S&P500 by 0.69% during the same period. With a success rate of 61%, The Numbers continue to demonstrate their prowess in navigating the ever-evolving financial landscape, making sound decisions rooted in data-backed insights.

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