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Cathie Wood's Ark Buys Roku, Palantir And $1M Worth Of Stock In This Healthcare Company - ARK Innovation ETF (ARCA:ARKK)
Benzinga· 2024-04-10 11:39
Loading...Loading...Cathie Wood’s Ark Invest on Tuesday accumulated shares of a handful of companies spanning from technology to the healthcare sector.Roku, Palantir Added: Ark through its Ark Innovation ETF ARKK and Ark Next Generation Internet ETF ARKW, bought 12,647 shares of streaming device manufacturer Roku, Inc. ROKU. The purchase would have cost the firm $794,864 based on Roku’s closing price of $62.85. Roku is the third biggest holding of Ark’s flagship ARKK exchange-traded fund. The fund holds abo ...
The ETF Flowdown: Q1 2024
ETF Trends· 2024-04-08 21:56
Talk about a friendly market. Not even an uptick in inflation or lofty stock valuations could keep the bulls at bay in the first quarter. The S&P 500 clung to record highs and notched its strongest first quarter since 2019. Markets rode out a decisive uptrend, though the moves were fairly “fat and flat” (broadly higher but still range-bound). Here are some of the more popular ETFs in the first quarter.Staying in the GameIt should come as no surprise that big, broad-based index equity ETFs managed to come ou ...
Choosing “Being Rich” Over “Being Right”
InvestorPlace· 2024-03-22 23:47
It’s tough to be a bear … is making money more important to you than being right? … the average investor has missed much of this bull market … how Luke Lango is positioning himselfHere’s a hypothetical:You can be right in your market analysis and yet lose money (or miss the chance to make money) …Or you can be “wrong” – meaning, you act contrary to your “correct” market belief – and yet make a boatload of money …Which would you prefer?Perhaps you find the answer obvious. But for many investors it’s not.Our ...
Cathie Wood's ARKK Still Leaking, Loses Over 3% In Value And 2% Of Net Assets In A Week - Apple (NASDAQ:AAPL)
Benzinga· 2024-03-20 19:00
Investors are continuing to abandon Cathie Wood's flagship fund, ARK Innovation ETF ARKK. Over the past week, ARKK lost $151.2 million in AUM, representing about 2% of the fund.The exodus comes as ARKK continues to struggle in what has largely been a hot market. As of the time of writing, ARKK is down almost 7% since the markets closed in 2023. For comparison, the SPDR S&P 500 ETF Trust SPY is up almost 8.5% in the same period.No Nvidia?Many investors pulling out of the fund are at odds with Wood's take on ...
The ARK Innovation ETF: A Second Lease On Life (Upgrade)
Seeking Alpha· 2024-03-20 18:42
Torsten Asmus The ARK Innovation ETF (NYSEARCA:ARKK) is profiting greatly from the rise of Bitcoin and the resurrection of the cryptocurrency market. The ARK Innovation ETF shot to fame during the pandemic which is when the ETF’s aggressive bets on a small number of high-potential stocks of companies in disruptive industries paid off big time. Since then, however, the exchange-traded fund has struggled with its concentrated investment approach and produced rather disappointing annual returns. Most recen ...
Bearish On Disruptive Innovation? Actively Managed ETF Provides A Play For Traders To Short Cathie Wood's ARKK
Benzinga· 2024-03-18 18:52
AXS Short Innovation Daily ETF SARK was trading near flat on Monday, while the Cathie Wood-led ARKK Innovation ETF ARKK was trading near Friday’s closing price.ARKK, Wood’s flagship fund, has shown weak performance compared to the general market for the last few years, failing to trade above the April 22, 2022, high of $55. In contrast, the S&P 500 has risen about 17% since that same date.SARK is an actively managed fund focused on shorting disruptive innovation by tracking its ETF counterpart, the AXS 2X I ...
ARK CEO Cathie Wood Calls NVIDIA A Massive Bubble – Is She Right?
24/7 Wall Street· 2024-03-17 17:42
ARK CEO Cathie Wood Calls NVIDIA A Massive Bubble - Is She Right? Shutterstock / JRdes Cathie Wood rose to fame thanks to the incredible performance of the ARK Innovation ETF (NYSE: ARKK) from 2016 to early 2021. The past three years haven’t been as kind to the ARK Innovation ETF, which still sits 70% below all-time highs reached in early 2021 even as the Nasdaq sets new highs.One reason for ARK’s struggles is that the fund sold NVIDIA (Nasdaq: NVDA) before its most recent run. Yet, Wood recently doubled ...
XT: Still Beating ARKK At Its Own Game, Upgrade To Buy For Possible Moonshot
Seeking Alpha· 2024-03-10 06:56
adventtr/E+ via Getty Images The iShares Exponential Technologies ETF (NASDAQ:XT) continues to be one of my go-to holdings for several reasons: 1. Market conditions are so wacky (technical term there) that I feel the need to have a representative position that grabs its fair share of a potential "moonshot" up move which could be either the blowoff phase of a dot-com like ending (as in 2000) or a name I'll keep adding to if I see more evidence of a 1995-1999 type of new long-term up leg. I may be a risk- ...
ARKK: Ready For Liftoff But Patience Is Required
Seeking Alpha· 2024-03-07 14:25
Marco Bello The rally since the bottom in US equities since October has been absolutely epic. I’ve been bullish on high growth/high beta names as evidenced in my work here on Seeking Alpha, but I’ll also note that equities have run further than I thought they would by this point. This is one of those bull market rallies that takes no prisoners and just keeps going, despite conditions being overbought and any number of fundamental factors saying we need a breather. One name that I’ve been bullish on that ...
3 High-Tech ETFs to Watch Over the Coming Week
InvestorPlace· 2024-03-06 17:24
Unless you’re heavily invested in some of the hot semiconductor stocks or the more magnificent members of the Magnificent Seven (perhaps soon to be called the Fantastic Four), odds are you may be trailing the S&P 500 and Nasdaq 100 on a year-to-date basis. Indeed, it’s nothing to beat yourself up over. Instead, it may be an opportunity to re-evaluate your portfolio’s overall exposure. If you’re like many investors sitting out the market’s run, you may be missing high-tech ETFs to watch.Undoubtedly, tech val ...