Cathie Wood and her Ark Invest firm on Tuesday shed some of their Tesla (TSLA) holdings and loaded up on budding drone maker Archer Aviation (ACHR). Tesla stock swung higher early Wednesday while ACHR shares jumped. ↑ X NOW PLAYING Cathie Wood’s ARKK Stock Picking Strategy Explained Wood and Ark Invest sold a total of […]
Last year, Ark Investment Management CEO Cathie Wood said software companies will be the next big opportunity in artificial intelligence (AI), predicting they will eventually generate $8 in revenue for every $1 spent on chips from leading suppliers like Nvidia. Ark operates several funds (both private and exchange-traded) that reflect that stance. Using the Ark […]
It was a rough first half of the year for Cathie Wood. The co-founder, CEO, and investor at Ark Invest saw her family of aggressive growth exchange-traded funds lose badly to the market. But she’s not throwing in the towel. Wood publishes Ark’s daily transactions, and she did a fair amount of buying on Monday […]
One thing you can say about Cathie Wood is that she’s persistent. The aggressive growth investor who’s also the co-founder, CEO, and ace stock picker at Ark Invest enjoys swinging the fences. She’s also not afraid to go for the safe single, binge-buying some of her favorite holdings over and over again. She publishes Ark […]
Artificial intelligence (AI) is dominating the technology sector right now, and one company that stands to benefit greatly is e-commerce and cloud computing leader Amazon (NASDAQ: AMZN). Roughly halfway into 2024, shares of Amazon have soared by 23% — handily topping the 15% year-to-date gain of the S&P 500 and the 19% rise of the […]
Cathie Wood has her eye on growth stocks, whether it’s in cryptocurrencies, electric vehicles, or just tech in general. And while some of those investments have been performing exceptionally well, many stocks in her Ark Innovation ETF are struggling significantly. Roku (NASDAQ: ROKU), Roblox (NYSE: RBLX), and UiPath (NYSE: PATH) are all top holdings in […]
It’s only halfway through 2024, and yet the capital markets are roaring like there’s no tomorrow. The Nasdaq Composite is up 19% so far this year, and reached an intraday high of 17,936 just days ago on June 20. The Nasdaq is a tech-heavy index. Given the euphoria surrounding all things artificial intelligence (AI), tech […]
The Dow Jones Industrial Average moved higher Monday as blue chip player Boeing (BA) gained despite reports of a potential government crackdown. Meanwhile, artificial intelligence stock Micron Technology (MU) popped amid a bullish call. And famed fund manager Cathie Wood snapped up a plunging stock while a Warren Buffett play tested an entry on the […]
Ark Investment Management operates eight exchange-traded funds (ETFs) that invest primarily in innovative technology stocks. Last year, Ark CEO Cathie Wood said software companies will be the next big opportunity in artificial intelligence (AI), predicting they could generate $8 in revenue for every $1 spent on chips from suppliers like Nvidia. Ark’s ETFs reflect that […]
Cathie Wood is not shy about making bold predictions especially when it comes to the top holding of her flagship Ark Innovation ETF. Wood has a history of setting lofty targets for her favorite stock, Tesla (NASDAQ: TSLA), which has had a difficult time recently, down 54% from its high in 2021 and about 25% […]
In September 2020, Cathie Wood’s Ark Invest estimated that fintech company Block (NYSE: SQ) would reach $375 per share by 2025. That implied 150% upside at the time, but Block stock has since declined by more than 50%. The target now implies 505% upside from the current price of $62 per share. That drawdown notwithstanding, […]
Even if it’s not a huge purchase, we think it was good to see that Neil Cathie, the Independent Non-Executive Chairman of Coventry Group Ltd (ASX:CYG) recently shelled out AU$145k to buy stock, at AU$1.45 per share. Although the purchase is not a big one, increasing their shareholding by only 9.5%, it can be interpreted […]