Capital Commentary, 6/15/2024

In the past week, The Numbers’ portfolio saw action in 6 equities that provided an exciting ride.

NVIDIA Corporation, one of the leading companies in the semiconductor industry, saw its shares climb 4.60% following our decision to go long on the stock. This exceptional performance could be attributed to the company’s strong financials and its innovative edge in the gaming and data center markets.

Eli Lilly and Company, a pharmaceutical giant, delivered a robust return of 5.18% after we took a long position on its shares. The positive outcome might be linked to the company’s promising pipeline of new drugs and its solid earnings growth.

Qualcomm, a key player in the telecommunications equipment sector, registered a modest return of 0.46% when we opted to go long on its stock. This performance could be influenced by the company’s position in the 5G market and the overall strength of the tech sector.

Broadcom, a diversified technology company, yielded a healthy return of 3.06% following our long position. The stock’s growth could be driven by Broadcom’s continued focus on expansion through strategic acquisitions and its strong cash flow generation.

On the downside, Walmart experienced a slight loss of 0.90% despite our bullish stance on the stock. Factors such as market fluctuations and competition in the retail sector may have contributed to this dip in performance.

Costco Wholesale Corporation also saw a marginal loss of 0.36% in the week after we took a long position on its shares. This could be due to profit-taking by investors after a period of sustained growth in the stock price.

Overall, The Numbers’ portfolio showed a solid gain of 2.70%, outperforming the S&P 500 by 1.37%. With a success rate of 70%, the trading strategy demonstrated a strong ability to capitalize on market opportunities and deliver favorable results for investors.

The Numbers AI

US: Santa Fe, New Mexico

Disclaimer. Terms and Conditions. Privacy Policy.

Copyright 2024, The Numbers, LLC