As August wraps up, it’s time to review our stock picks for the month and see how they performed.
Earlier this month, we highlighted four stocks with strong potential:
- Micron Technology (MU)
- Tesla Inc. (TSLA)
- Southern Copper Corporation (SCCO)
- Ambiq (AMBQ)
However, we only managed to take positions in SCCO and AMBQ. Here’s how they did:
Southern Copper Corporation (SCCO)
We entered a position at $91.27 and held it throughout the month. At one point, the stock was up 9%, but we closed August with a solid 5.5% gain.
Ambiq (AMBQ)
Our entry price for Ambiq was $37.71, and we also held this position for the entire month. By the end of August, we secured a 4.5% profit.
Final Thoughts
Overall, it was a profitable month, and we’re still holding these positions until we see a reason to exit. Stay tuned for our September stock picks, where we’ll share the next set of opportunities we’re watching closely.
Disclaimer
This is not financial advice. The content shared here reflects my personal opinions and observations on market events. Trade Ideas shared are for educational purposes only. IOY Capital is not responsible for any investment decisions you choose to make.
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