Hello eToro Community,
Portfolio Performance Summary – August
- Monthly Gain: +3.56%
- Quarterly Gain: +1.34%
- Year-to-Date: +35.81%
- Annual Gain: +43.35%
August presented both achievements and challenges, though our portfolio proved robust amidst market fluctuations. We successfully capitalized on growth while effectively mitigating risk.
Top Performers of August
- $MELI (MercadoLibre): +26.78% – Dominating e-commerce in Latin America, MercadoLibre’s stellar earnings have fueled investor confidence.
- $VST (Vistra Corp): +23.81% – Benefiting from higher energy prices and improved operations.
- $LLY (Eli Lilly & Co): +21.49% – Trailblazing in diabetes and obesity treatments.
- $TTD (Trade Desk Inc A): +16.35% – Excelling with its digital advertising, specifically in connected TV.
- $FIX (Comfort Systems USA Inc): +15.65% – Strong demand in the HVAC sector maintains its robust performance.
- $NVDA (NVIDIA Corporation): +15.08% – A dip post-earnings, but Nvidia remains a leader in AI and data center expansion.
Market Analysis of the Week
August revealed volatility and resilience. The S&P 500 recovered from a 3% plunge on “Black Monday 2024,” buoyed by inflation and retail data, and potential interest rate cuts by the Fed sparked a market resurgence.
Nvidia stood out despite a 7% dip in after-hours trading. The AI giant’s revenue doubled, and the $50 billion buyback underlines its market position, despite missing expectations. Nvidia’s journey illustrates the exciting potential of AI.
Trade Updates:
In response to market volatility, especially after earnings announcements from $ANF and $NVDA, we’ve adjusted the portfolio. By increasing our ETF investments, we aim for more stability without compromising growth or risk management.
Weekly Tip:
Never let past experiences deter you from re-investing in a quality stock. The best performers often provide several chances to invest. Stay adaptable, humble, and always on the lookout for opportunities.
Gratitude Note:
I’m incredibly thankful for your trust in the Santiago1000 portfolio. Your partnership fuels our collective progress and bright future. Cheers to our ongoing journey!
Until the next update,
Santiago