Capital Commentary, 7/5/2024

In the fast-paced world of investing, The Numbers have made strategic plays across a host of equities this past week, yielding substantial results worthy of market applause. The portfolio’s standout performer was none other than Oracle Corporation, with a staggering one-week return of 32.26%. Oracle’s upward trajectory could be chalked up to renewed investor confidence following its commitment to expanding cloud services, which continues to drive robust revenue growth.

Similarly, NVIDIA Corporation showcased a solid performance, with its shares climbing 10.71%. The relentless demand for NVIDIA’s cutting-edge GPUs and continued interest in artificial intelligence and gaming technology provided a firm tailwind. Meanwhile, Caterpillar’s impressive 11.74% gain can be attributed to buzzing optimism in infrastructure spending and construction rebounds, which are expected to bolster its bottom line in the coming quarters.

JPMorgan Chase & Company’s 10.60% rise reflects a robust outlook in banking, as dovish policy signals and solid credit activity sweetened investors’ moods. In the energy sector, Exxon Mobil Corporation achieved a respectable 5.88% gain, buoyed by stabilizing oil prices and strategic exploration investments that promise to unlock substantial future value.

Apple Inc. also joined the winning streak, posting a 5.83% return. Investors remained bullish on the tech giant due to strong iPhone sales and continued innovation in its product line. The Brazil iShares MSCI ETF’s 5.08% uplift was fueled by a resurgent Brazilian economy, underpinned by strong commodity prices and currency stabilization.

Further diversifying the gains across sectors, the S&P 500 Energy Sector SPDR ETF and Comcast Corporation added 3.50% and 3.43%, respectively, to the portfolio. Alphabet Inc. (2.13%) and UnitedHealth Group (1.46%) also contributed, though on a more modest scale.

Gold’s glint attracted some cautious optimism, with the SPDR ETF yielding a slight 0.36% amidst market volatility. Meanwhile, Walmart and Johnson & Johnson contributed modest gains of 0.35% and 0.08%, respectively, riding on their defensive characteristics and broad consumer appeal.

On the downside, Salesforce dipped just slightly by 0.16%, while Visa and Mastercard’s dips of 3.02% and 3.50% reflect, perhaps, the competitive pressures and regulatory scrutiny facing financial service giants.

In total, The Numbers achieved a remarkable portfolio gain of 5.06%, decisively outperforming the S&P 500 by 3.85% in just one week. With an 80% successful trade rate, this demonstrates a deft hand in selecting growth opportunities while managing market susceptibilities. As we move onward, watching how these equities continue to perform will be crucial in anticipating where smart money may flow next.

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