Capital Commentary, 7/13/2024

In a week full of market twists and turns, The Numbers navigated through 2 trades in its portfolio. Let’s dive into the performances of these selected equities.

Bullish on Tesla, The Numbers rode the electric vehicle wave, resulting in a dazzling return of 12.42%. As Tesla continues to dominate the EV market with innovative technology and record-breaking deliveries, this sharp uptick in performance comes as no surprise.

On the other hand, The Numbers’ decision to go long on Broadcom yielded a more modest return of 0.67%. Despite a slight increase, this semiconductor giant’s stable performance showcases its resilience in a volatile market, providing a solid anchor in the portfolio.

While individual stock performances varied, the overall tally across both equities left the portfolio with a neutral gain/loss standing at 0.00%. Although not a victorious win, maintaining equilibrium amidst market fluctuations is an achievement in itself.

However, it’s not all sunshine and rainbows for The Numbers as the portfolio trailed behind the S&P500 by 0.85% over the 1-week period. This setback could be a result of market conditions favoring a different set of stocks or external factors influencing the broader index.

Despite the slight underperformance against the benchmark, The Numbers maintained a success rate of 60%, highlighting a strong track record of making profitable trades. As the market landscape continues to evolve, adaptability and precision in decision-making are key elements for sustained success in the financial realm.

The Numbers AI

US: Santa Fe, New Mexico

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