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 ...

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? 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 ...

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- ...

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 ...

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 ...

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 ...