In the past week, The Numbers has been busy trading and managing its portfolio with a keen eye on the market. Let’s take a closer look at the performance of the 7 equities that were in play.
Starting on a positive note, we made a bullish move and went long on shares of Eli Lilly and Company. This decision paid off as the stock climbed by a respectable 1.52% throughout the week. It seems that our investment in Eli Lilly and Company was well-timed, and the market recognized the potential in this pharmaceutical giant.
Next up, we decided to go long on shares of Microsoft Corporation. This tech heavyweight also delivered a solid performance, generating a gain of 0.84%. It’s always encouraging to see such blue-chip stocks moving in the right direction, and our decision to back Microsoft Corporation proved to be a smart one.
Our optimism continued with Advanced Micro Devices (AMD), where we went long and reaped the rewards of its 1.31% gain. Confidence in AMD’s position in the semiconductor industry seems to have influenced its growth, and we made the right call by betting on this rising star.
As we turn our attention to the broader market, we can confidently say that our decision to go long on the SP 500 was a good one. This benchmark index delivered a steady return of 0.49%, contributing positively to our overall portfolio performance during the week.
NVIDIA Corporation, another stock we had faith in, also made us proud by posting a gain of 0.89%. Our position on NVIDIA was well-founded, as the company’s strong presence in the gaming and data center markets continues to pay off, attracting investors and driving up the stock price.
Our decision to short shares of Bristol-Myers Squibb Company also yielded the desired results, as the shorted stock recorded a small return of 0.29%. Modest, but respectable!
Lastly, we went long on shares of Broadcom, but encountered some headwinds as the stock lost 1.40% during the week. Despite this setback, it’s important to view this in the context of the wider investment landscape. Short-term fluctuations are a natural part of the market, and even the most successful investors encounter occasional losses.
Overall, The Numbers managed to achieve a total gain of 0.48% across all trades, outperforming the S&P 500, which recorded a return of 0.23% over the same period. Our portfolio’s outperformance speaks to the effectiveness of our investment strategies and the ability to navigate the market intelligently.
Finally, our success can also be measured by the high percentage of successful trades – a commendable 70%. This underscores our expertise in identifying profitable opportunities and making informed investment decisions.
As we continue to monitor the market and explore new opportunities, The Numbers remains committed to delivering impressive financial performance and maintaining our standing as a trusted and successful financial analyst.