Cathie Wood seems to be having a bad start to 2024 considering investors have pulled close to $1.0 billion out of her flagship Ark Innovation ETF over the past two months.ARKK is significantly underperforming NASDAQCopy link to sectionInvestors are concerned because the “ARKK” continues to materially underperform the Nasdaq Composite – a fair comparison since that benchmark is also growth-oriented like Wood’s exchange-traded fund. Ark Innovation ETF is down nearly 3.0% year-to-date at writing versus Nasdaq ...

It has been a great few months for Cathie Wood as her Ark Innovation Fund (ARKK) has bounced back from its lowest level in 2023. It has jumped by over 73% and is now hovering near its highest point since August 2022. Some of its top holdings have become among the best-performing stocks in Wall Street. Coinbase, its biggest holding, has surged to its highest point since 2022 as Bitcoin and other altcoins have bounced back. It has soared by over 560% from its lowest level in 2023. Other companies in the ARKK ...

As head of ARK Invest, Cathie Wood is one of the few celebrities in the financial world. She's made a name for herself with big bets and brash predictions like Bitcoin BTC/USD topping $1 million by 2030. These bets have often paid off, 2020's bull run saw her flagship fund, ARK Innovation ETF ARKK, triple the performance of the S&P 500.But Wood's recent track record has been lackluster. So far this year ARKK is up just over 2%, compared to almost 7% for the S&P. And it gets worse when stacked up against oth ...

Up And UpNvidia NVDA made history Thursday, adding $273 billion in value in a single day. That is the most ever recorded. The AI chipmaker is now the 4th largest company in the world, sitting just behind Saudi Aramco (TADAWUL: 2222) and just ahead of Amazon AMZN and Alphabet GOOG.Thursday's bump came after the most recent earnings call; the company once again beat expected revenue and earnings per share. The numbers it is forecasting for the next quarter are also higher than many analysts expected.Since the ...

SOPA Images/LightRocket via Getty Images In my previous discourse on the ARK Innovation ETF (NYSEARCA:ARKK), attention was directed towards the fund's dynamic management strategies. This analysis, however, shifts towards examining two pivotal themes believed to significantly influence the fund's portfolio composition and future performance metrics. Specifically, this piece delves into the growth prospects and financial debt levels of companies within ARKK's portfolio. These elements are anticipated to e ...

There’s no shortage of high-quality technology-focused ETFs to consider scooping up going into March 2024 as the AI-driven rally looks to enter its next phase. Undoubtedly, there seems to be a growing number of naysayers who view the technology sector as lofty and long overdue for a violent retreat. Certainly, it’s been such a hot run for tech, especially the so-called Magnificent Seven group, which has been the leadership to drive markets out of their rut. But just because tech, specifically large-cap tech ...

Noted investor Cathie Wood, the founder and CEO of Ark Investment Management, gained fame in 2020 thanks to her philosophy of investing in companies capable of disruptive innovation. All six of Ark's exchange-traded funds (ETFs) appreciated more than 100% during that year. The S&P 500, meanwhile, notched gains of just 16% in 2020.However, Wood's flagship fund, the Ark Innovation ETF (ARKK -2.83%), has lost 60% of its value since the beginning of 2021. What's more, Wood's fund has failed to recover substanti ...

Prominent growth investor Cathie Wood is rebalancing her largest and most familiar growth-stock fund. The Ark Innovation ETF (ARKK -4.05%) exchange-traded fund has sold millions of shares in Coinbase Global (COIN -6.53%), Zoom Video Communications (ZM -1.51%), and Twilio (TWLO -3.40%) in recent weeks.These are some of Cathie Wood's best-loved investments, and she often praises them in recent interviews. So why is she dumping these choice holdings by the boatload?I don't have a direct line to Wood's fund man ...

1 JANUARY 31, 2024 BIG IDEAS 2024 Annual Research Report ARK Investment Management LLC. This is not a recommendation in relation to any named particular securities/cryptocurrencies and no warranty or guarantee is provided. Any references to particular securities/cryptocurrencies are for illustrative purposes only. There is no assurance that the Adviser will make any investments with the same or similar characteristics as any investment presented. The reader should not assume that an investment identified wa ...