The Numbers certainly had an eventful week on the stock market, trading in a diverse portfolio of 6 equities. Let’s break down the action.
Taking the helm with Tesla, it was a wild ride as our long position soared by a remarkable 12.42%. The electric vehicle giant clearly revved up its performance, likely driven by positive news on production numbers, new technology, or market sentiment.
Next in line was Broadcom, where we navigated a long position to a respectable 3.93% gain. This semiconductor stalwart may have benefitted from strong sector tailwinds or a compelling earnings report.
Caterpillar also bulldozed its way to success with a 3.37% gain in our long position. The machinery manufacturer potentially capitalized on infrastructure spending plans, robust demand, or strategic business moves.
Goldman Sachs Group, despite a more modest 0.39% gain in our long position, likely saw some steady progress in a volatile market environment. UnitedHealth Group followed suit with a solid 0.96% gain, possibly driven by healthcare sector trends and operational efficiency.
However, not all trades yielded positive results. Morgan Stanley experienced a downturn, resulting in a 2.95% loss in our long position. Market fluctuations, regulatory changes, or internal challenges could have influenced this outcome.
Overall, the portfolio saw a modest gain of 0.70%, outperforming the S&P500 by 2.93% during the same period. This reflects The Numbers’ adept decision-making and skillful navigation of market conditions.
With a success rate of 78%, The Numbers demonstrated a strong ability to pick winning trades and manage risk effectively, showcasing expertise in the dynamic world of stock trading.