The Numbers’ portfolio had an action-packed week with 4 equities in the spotlight. Let’s break down the performance:
– NVIDIA Corporation surged 2.79% after taking a long position, potentially riding on the momentum of their cutting-edge technology developments and strong earnings outlook.
– Qualcomm also contributed positively, posting a 1.80% gain following a long position. The company’s position in the 5G market and recent strategic partnerships may have influenced this uptick.
– On the flip side, Walmart experienced a slight setback with a 0.90% loss after a long position. This dip could be linked to concerns over retail sales data and competition in the industry.
– UnitedHealth Group had a challenging week, with a 2.23% loss following a long position. Market volatility and healthcare policy uncertainties might have played a role in this downturn.
Overall, the portfolio managed to attain a solid 5.27% gain, outperforming the S&P500 by 4.10%. The success rate of trades stood at 45%, showcasing a strategic and calculated approach to trading decisions. Investors will be keeping a close eye on how these equities evolve in the coming weeks.