The theme behind this movement is well known: macro data that doesn’t disappoint too much and a moderate decline in inflation, which suggest the growing possibility of the infamous “soft landing”, i.e. a situation in which inflation returns without the economy needing to slow down too much. The consequence of this is that central banks can relax and possibly cut rates at the slightest sign of weakness, or even just to adjust monetary policy to the inflationary picture. Therefore, we have certainly seen a top in interest rates, with the ECB starting to cut rates and most likely by the end of 2024 the FED will also start to cut rates, to the full advantage of companies, especially high-growth ones.
Our operational strategies allow us to continue the activity both in phases of market weakness and in the presence of markets with increasing relative strength, grinding target after target on our equity portfolios. Remember that our operational advice from LombardReport.com follows you everywhere, at work or on vacation, in the office or under the beach umbrella, just one click is enough to ensure you do not miss any opportunity to trade but also to earn.
And we come to one of the winning operations of this hot summer 2024 on Historical Portfolio:
PACCAR, symbol: PCAR, ISIN code: US6937181088, is a stock included in the Historical portfolio of Lombardreport.com “traded” with the “Nasdaq Weekly” strategy. The stock is listed on the NASDAQ stock market in New York.
We bought the US title precisely on the day July 3, 2024at the price of $101.10 with the ‘Nasdaq Weekly’ strategy of the Historical Portfolio. After just two weeks of trading and precisely on day 1July 7, 2024the title managed to touch our target level at $109.28 to which we sold and made a profit excellent + 8.09%!
PACKAGE is a global technology company engaged in the design and manufacture of light, medium and heavy-duty trucks. It operates through the following segments: Trucks, Parts and Financial Services. The Truck segment designs and manufactures heavy-duty, medium and light-duty diesel trucks marketed under the Kenworth, Peterbilt and DAF brands. The Parts segment distributes aftermarket parts for trucks and related commercial vehicles. The Financial Services segment provides financing and leasing products and services provided to truck customers and dealers. PACCAR provides its products and services to customers worldwide through an extensive dealer network of 2,200 locations. PACCAR Global sells the company’s products in more than 100 countries and is expanding its dealer network in Asia and around the world. Approximately half of PACCAR’s revenues and earnings are generated outside the United States. The company employs 32,400 people and has a market capitalization of $57 billion. The company was founded by William Pigott Sr. in 1905 and is headquartered in Bellevue, WA.
In the Historical Portfolio there are two mechanical strategies with very quiet operations since they are based on a weekly time frame but, at the same time, the investment is short-term. One is reserved for operations on Italian, European and US stocks, with a yield that varies from 7 to 8%. The other is the famous “Nasdaq Weekly” present in our Portfolio for more than 7 years that invests in the stocks that are part of the Nasdaq100 index always in weekly mode, with a percentage of target operations that exceeds 90%. and with a yield of 7% per operation. Both strategies are easily replicable even by people with little experience or who are approaching the world of finance for the first time.
Below is the equity line updated as of July 22, 2024:
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