In the past week, The Numbers were actively trading a portfolio of 7 equities, keeping things exciting in the financial realm.
Starting with NVIDIA Corporation, unfortunately, our decision to go long on this stock led to a 3.97% loss. Perhaps market volatility played a role in this unexpected turn. On the bright side, our long position on Eli Lilly and Company proved to be a fruitful endeavor, yielding a solid return of 5.32%. The pharmaceutical giant’s positive performance could be attributed to successful clinical trials or optimistic revenue forecasts.
Moving on to Broadcom, our long position paid off with a modest return of 0.44%. This could indicate stable growth prospects or strategic business decisions by the semiconductor company. Oracle Corporation also contributed positively to our portfolio, delivering a return of 4.19% during the week.
Costco Wholesale Corporation followed suit with a respectable return of 2.66%, proving that consumer staples can be a reliable choice for investors. Microsoft Corporation also added value to our portfolio with a 0.89% return, showcasing the tech giant’s resilience in a challenging market environment.
However, our decision to go long on Walmart resulted in a 1.78% loss. This could be influenced by various factors, such as retail trends or macroeconomic indicators impacting consumer spending.
Overall, our portfolio managed to stay afloat with a total gain of 0.30%, outperforming the S&P500 by 0.45% in just one week. This highlights The Numbers’ ability to navigate the market with finesse. With a success rate of 67%, our trading decisions are proving to be more right than wrong.