For the week of April 21, 2025, our Top Pick of the Week (TPOW) was Doximity, Inc. (DOCS).
We entered the trade at Monday’s opening price of $52.81 and exited at Friday’s close at $56.65, delivering a 7.27% gain for the week. This marks another successful TPOW selection, demonstrating the strength of our technical breakout strategy even in a mixed market environment.
You can view prior TPOW trades and updates here.
SPY Market Performance
While DOCS delivered a strong gain, the overall market showed some weakness. The SPY (S&P 500 ETF) closed the week lower, slipping approximately -0.5% as investor sentiment wavered in response to ongoing economic data and interest rate concerns. Broader market softness underscores the importance of selective stock picking strategies like TPOW, which continue to find relative strength even when the major indices struggle.
TPOW Strategy Performance Metrics
Through 25 trades, the TPOW strategy has achieved a 62.5% win rate, with an average gain of 5.45% on winning trades and a total strategy return of +16.17%. Risk-adjusted returns have been strong, with a Sharpe Ratio of 0.86 and a Sortino Ratio of 0.92, easily outperforming the SPY benchmark, which posted a -3.62% loss over the same period. Despite short-term volatility, TPOW’s disciplined entry and exit system has consistently captured upside opportunities while effectively managing risk. This week’s DOCS trade further reinforces the strategy’s resilience and its ability to adapt to dynamic market conditions.
Economic News and Market Impact
The stock market faced renewed pressure this past week as economic data reinforced expectations for “higher for longer” interest rates. Flash PMI readings showed continued strength in services but further contraction in manufacturing activity, highlighting mixed signals for growth. Meanwhile, jobless claims came in slightly below expectations, pointing to a still-resilient labor market that complicates the Federal Reserve’s inflation fight. Investors reacted cautiously, leading to modest declines across major indices, including the SPY. Despite the overall market pullback, strong earnings reports from select sectors helped cushion losses, and technical breakouts like DOCS continued to find buying interest. As markets await more decisive signals from upcoming inflation and GDP data, disciplined, selective trading remains critical.