In February 2024, Finbold utilized OpenAI’s ChatGPT, an artificial intelligence (AI) tool, to gain insight into the best stock portfolio for the upcoming spring season. Now that summer has arrived, it’s time to analyze the performance of the portfolio. During this period, there has been a significant bullish trend in the stock market, resulting in substantial gains across major indices.
ChatGPT carefully curated a portfolio that included a variety of stocks from different sectors. Some of the stocks featured were technology giant Microsoft (NASDAQ: MSFT), lawn and garden company Scotts Miracle-Gro (NYSE: SMG), Alphabet (NASDAQ: GOOGL), PayPal (NASDAQ: PYPL), and The Home Depot (NYSE: HD). As of June 22, 2024, these stocks have shown impressive performance.
Microsoft, which was trading at $414.11 on February 8, saw its price rise to $449.78 by June 22, marking an 8.63% gain. Scotts Miracle-Gro went from $57.66 in February to $67.04, achieving a 16.28% gain. Alphabet’s stock price increased significantly from $147.22 to $180.26, a 22.44% gain. PayPal’s stock price rose from $56.13 to $60.61, representing a 7.98% gain. The only stock that experienced a decline was The Home Depot, which dropped from $363.72 to $355.80, resulting in a 2.18% loss.
If an initial investment of $1,000 was evenly distributed across the five stocks, the total portfolio saw a profit of $106.30, representing a 10.63% return on investment in just over four months. On the other hand, investing $1,000 in each stock individually resulted in a total portfolio profit of $531.50.
Overall, most stocks have seen positive growth, reflecting the bullish momentum in the stock market. However, The Home Depot’s stock has been affected by its financials, with lower sales and profits, and an uncertain near-term outlook.
It’s important to note that the content on this site should not be considered investment advice, as investing always carries a degree of risk.
