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Cathie Wood Buys More Workhorse Shares On USPS Delay Sell-Off
Thursday, December 3, 2020 - 10:42am | 339More Workhorse Group Inc (NASDAQ: WKHS) shares were added to one of Cathie Wood’s Ark ETFs Wednesday. What Happened: Wood added 153,000 shares of Workhorse to the Ark Autonomous Technology & Robotics ETF (BATS: ARKQ). The ETF now owns 1.36 million shares of Workhorse. The stock is...
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Raven Industries: Small-Cap Agriculture, Balloon Technology Stock Cathie Wood Likes
Tuesday, December 1, 2020 - 11:35am | 501In October, ARK Investment CEO Cathie Wood started buying shares of small-cap Raven Industries (NASDAQ: RAVN), a technology company that helps agricultural, industrial and defense customers. What Happened: Wood made purchases of Raven Industries for the Ark Autonomous & Robotics ETF (...
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Cathie Wood Adds Longview Acquisition SPAC Ahead Of Deal With Butterfly Network
Tuesday, November 24, 2020 - 11:16am | 271One of the top performing ETF managers and most-watched names in the industry took a new stake in a SPAC. What Happened: Cathie Wood on Monday took an initial stake in Longview Acquisition Corp (NYSE: LGVW). The fund manager added 459,572 shares of the SPAC, which is set to merge with Butterfly...
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This Big Fund Manager Is Betting On Nintendo In The Video Game Console Wars
Monday, November 16, 2020 - 5:30pm | 447One of the big trends in the gaming world is the highly anticipated launches of new consoles from Microsoft Corporation (NASDAQ: MSFT) and Sony Corporation (NYSE: SNE). Investors won’t find either of those stocks in the Ark Innovation ETF (NYSE: ARKK), as manager Cathie Wood has opted to add...
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Palantir Gets Boost From Cathie Wood, George Soros
Monday, November 16, 2020 - 1:19pm | 332Two big names in the investing world have added positions in Palantir Technologies Inc (NYSE: PLTR), which went public via a direct listing in September. What Happened: On Friday, Cathie Wood added 1,025,700 shares of Palantir to the Ark Next Generation Internet ETF (NYSE: ARKW). Palantir...
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Cathie Wood Sells Tesla Shares To Buy The Dips In Alibaba, Paypal
Wednesday, November 4, 2020 - 2:43pm | 375Several of the strong performing Ark ETFS from Cathie Wood bought shares of two underperforming stocks on Tuesday. What Happened: Shares of Alibaba Group Holding (NYSE: BABA) were down 8% Tuesday after the Ant Group IPO was pulled in China. Alibaba owns over 30% of Ant Group. Paypal...
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Cathie Wood Increases Teladoc Holdings Across Ark ETFs
Monday, November 2, 2020 - 3:06pm | 338The Ark ETFs from Catherine Wood are among the best performing ETFs in 2020 and the active trading could help investors follow potential winning ideas. What Happened: Wood added additional shares in Teladoc Health (NYSE: TDOC) last week as the stock declined 9% over the last five days. Ark...
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Cathie Wood's Internet ETF Sells Some Tesla, Xilinx, Buys The Dip In Fastly
Friday, October 16, 2020 - 1:29pm | 607One of the top-performing ETFs of the year bought the dip in Fastly Thursday. What Happened: After pre-announcing third quarter earnings, Fastly Inc (NYSE: FSLY) saw shares drop 30% after-hours on Wednesday. That dip led to the opportunity for the Ark Next Generation Internet ETF (NYSE: ARKW) to...
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Ark Next Generation ETF Increases Chamath SPAC Stake, Decreases Zillow
Friday, October 9, 2020 - 3:50pm | 421Less than two weeks ago, ARK Investment CEO Catherine Wood began accumulating a stake in a SPAC from Chamath Palihapitiya. She has since added to that stake and also taken a stake in the same company in another ETF. What Happened: The Ark Next Generation Internet ETF (NYSE: ARKW) has increased...
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'Be Patient': Stock Market Update For The Week Ahead
Sunday, October 4, 2020 - 4:20pm | 1688The Past Week, In A Nutshell What Happened: Last week ended positive despite the uncertainty-driven news cycle. Remember This: “Market swings can be unsettling, and there’s a lot to think about with today’s headlines,” noted Lindsey Bell, chief investment strategist for Ally...
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Ark Investment ETF Adds SPAC Led By Chamath Palihapitiya Ahead Of Opendoor Merger
Tuesday, September 29, 2020 - 12:07pm | 561One of the top performing ETFs of 2020 is adding a special purpose acquisition company before it finalizes a merger. What Happened: On Monday, the Ark Next Generation Internet ETF (NYSE: ARKW) took a small stake in Social Capital Hedosophia II (NYSE: IPOB), a SPAC led by Chamath Palihapitiya....
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How Catherine Wood's Diverse Ark Investment Team Is Paying Huge Dividends
Monday, September 28, 2020 - 8:55am | 392Ark Investment Management, run by CEO Catherine Wood, has three of the top 10 performing ETFs of 2020. this is despite most employees not having a degree with a background in finance. What To Know: Bloomberg recently detailed Ark's success, notably its focus on futuristic ideas, the most...
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'Deflationary Undercurrent': Stock Market Update For The Week Ahead
Monday, September 7, 2020 - 9:40am | 2091The Past Week, In A Nutshell What Happened: Last week ended negative on relative weakness from the technology sector. Remember This: “August benefited from multiple tailwinds, resulting in one of the best Augusts on record. Those tailwinds look stretched and at risk, however,” said Brad...
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'Not In A Crisis': ARK Invest Recaps Recovery, Reasons Optimistic Perspective
Tuesday, August 11, 2020 - 5:46pm | 979In light of the earnings cycle, in which traditional S&P 500 and innovation-driven Nasdaq companies have beaten estimates at a higher pace than usual, broad-market equity indices recovered most of their losses, and are now about flat on the year, except for the Nasdaq. Despite the blow-out...
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Tesla's Journey To $1,000 In 2020
Wednesday, June 10, 2020 - 10:15am | 733Tesla Inc (NASDAQ: TSLA) has delivered some unbelievable returns in the past year, climbing from lows of $176 in late May 2019 to a new all-time high north of $1,000 on Wednesday. The road for Tesla investors in 2020 has been a bumpy one, but investors are certainly happy about the...