The Numbers’ trading activity over the last week showcased a mix of short and long positions on 8 equities.
Starting with the shorts, Oracle Corporation saw a 2.44% return, while Johnson & Johnson posted a 2.07% return, contributing positively to the overall performance. On the long side, Coca-Cola Company delivered a solid 1.73% return, and Mondelez International followed closely with a 1.21% increase. However, Procter & Gamble Company experienced a slight setback with a 0.12% loss.
Mastercard, one of the shorted stocks, yielded a 1.13% return, adding to the gains. On the flip side, Exxon Mobil Corporation and Intel Corporation, both part of long and short trades, incurred losses of 1.69% and 2.71%, respectively.
Overall, the portfolio managed a modest gain of 0.33%, outperforming the S&P500 by 0.09%, which recorded a return of 0.24% during the same period. The success rate of trades stood at 55%, indicating a relatively balanced performance. It was a week of strategic moves and market insights for The Numbers, showcasing the art of navigating through the dynamic world of equities with finesse.
