We move to week five of our stock journey at Freedom Finances and the results continue to improve! While the stock market moves upward, 3/4 our four stocks respond to the positive movement.
We make another $45 improvement week-over-week. Tesla continues to be the biggest burden on the market, but since its poor performance in our first two weeks of purchase, we have made up quite a bit of ground. Gamestop dropped a few weeks back, and has made no positive movement. Meanwhile, CPI Card Group and the only ETF, ProShares continue to make strong improvement. Let’s break it down.
Bradley – Tesla (TSLA) loss of $160.14 (-16.01%)
Tesla made a 1.5% improvement since last week. Tesla’s next earning call is in mid-October, so quality growth is expected during this time. Once we hear the earnings call in October, investors will have a better picture of the growth over the next 3-6 months. For now, sticking with the stock is hopeful for those looking to beat the previous quarters high of around $260/share.
Dylan – GameStop (GME) loss of $87.61 (-8.76%)
GME is the only of the four stocks to lose ground this week. Many may look to short the stock still, but the risk is high, and a movement could cause the stock to have large gains over a short period of time. Until that time comes again, we sit and wait.
Karrie – CPI Card Group Inc. (PMTS) gain of $24.77 (+2.48%)
CPI Card Group has had an up-and-down journey over the last several weeks. However, since its major selloff a few weeks ago, it has had steady movement upwards. PMTS hit a record high of $45 a year and a half ago, and has been on an upward trajectory since it dropped to an 18-month low in October of 2023.
Nick – ProShares S&P 500 ETF (NOBL) increase of $82.20 (+8.22%)
Oh, NOBL, how you charm us. NOBL hit record highs this week. While the S&P has had some ups and downs, NOBL has beat the market, which is a great sign for any ETF. Most ETFs look to match the market, and give you built in diversification, having an ETF that beats the market is quite the strong investment tool. We will see if NOBL has the ability to continue to rise above its record highs. Until then, we enjoy the best stock by Nick at Freedom Finances.
Keep following our journey each week to see who will end up with strong profits! To view our last week’s update, click here. To view our original post, click here.