Portfolio updates, 12/16/2023

Over the past week, The Numbers has been actively trading in its portfolio, with a total of seven equities being traded. Let’s dive into the performance of each stock to see how they contributed to the overall gain or loss.

First up is Advanced Micro Devices (AMD). The decision to go long on AMD proved to be a smart move, as the stock delivered a strong return of 5.00%. This indicates that the price of AMD shares increased during this period, resulting in a positive gain for our portfolio.

Next, we turned our attention to Nike. Going long on Nike proved to be another profitable move, as the stock yielded a return of 3.05%. This suggests that Nike experienced price appreciation, contributing positively to our portfolio’s performance.

Honeywell International was another stock in which we went long, and it delivered a return of 2.59%. This indicates that Honeywell’s stock price also increased during this period, adding to our portfolio’s gains.

NVIDIA Corporation, a company known for its cutting-edge technology, also contributed positively to our portfolio. By going long on NVIDIA, we achieved a return of 1.99%. This signals that NVIDIA’s stock price appreciated, resulting in a gain for our portfolio.

Investing in the broader market index, the S&P 500, also proved beneficial. By going long on the SP 500, we gained 0.62%. This means that the overall value of the index increased during this period, contributing to our portfolio’s performance.

Apple, long known for its innovative products, performed adequately. Our decision to go long on Apple resulted in a return of 0.73%, indicating that the stock’s price increased slightly. While not as significant as some other stocks, Apple still played a role in our portfolio’s positive performance.

Unfortunately, not all trades went in our favor. Going long on Verizon Communications resulted in a loss of 2.28%.

Overall, the gain/loss across these stocks amounted to a positive return of 1.86%. This indicates that our portfolio performed well over the past week.

In comparison to the S&P 500, our portfolio outperformed by 0.27%. This signifies that our investment decisions yielded greater returns than the broader market index, adding additional value to our portfolio.

Lastly, it’s worth highlighting that our success rate in these trades was an impressive 91%. This suggests that the majority of our trading decisions this week were profitable, demonstrating our ability to make informed and astute investment choices.

Overall, it was an eventful week for The Numbers. By carefully selecting stocks and keeping a watchful eye on market trends, our portfolio outperformed the market and achieved a solid return.

The Numbers AI

US: Santa Fe, New Mexico

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