Discuss your results. Did the stocks outperform the market, as represented by the S&P? Comment carefully. You should be able to make the calculations required. For the last question you need to think about what you have learned about finance and financial instrument valuation in general.

MY ANSWER:

2/24/2020 GSPC closed at 3,225.89

2/19/2021 GSPC closed at 3,906.71

ROI = 21%

2/24/2020 NVS closed at 90.08

2/19/2021 NVS closed at 88.41

ROI = -2%

2/24/2020 JNJ closed at 145.91

2/19/2021 JNJ closed at 162.98

ROI = 12%

Neither NVS nor JNJ outperformed the market because neither of them had a return on investment of greater than 21%. However, NVS is a Swiss Pharmaceutical company, and the S&P 500 represents the United States stock market. Therefore, it might not be an accurate representation of whether it outperformed the market because we are comparing it to the United States.

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