• Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Dividend Stocks Report
No Result
View All Result
Home Stock News

All of the stocks in Cathie Wood’s Ark Innovation fund are in a bear market except 2

by
December 3, 2021
in Stock News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

Santoli: The S&P 500 nears a level that could indicate whether the recent rebound is sustainable

Stocks making the biggest moves midday: Coinbase, Spirit Airlines, Robinhood and more

Finding high dividend yielders with steady and growing payouts

Billionaire Israel Englander Pulls the Trigger on These 2 “Strong Buy” Stocks

Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021.

Kyle Grillot | Bloomberg | Getty Images

It’s been a dismal week for Cathie Wood’s flagship fund, Ark Innovation, that’s left nearly all of her holdings in bear market.

Wood’s main exchange-traded fund, which trades under ticker ARKK, is down more than 12% this week, on pace of its worst week since February. Ark Innovation is down 6% on Friday.

The painful losses have left all but 2 of Wood’s constituents more than 20% off their recent high, meaning they are in a bear market.

Just Trimble and Tesla are less than 20% from their high, but the pair are both more than 10% from their 52-week records. Berkeley Lights, Proto Labs and Skillz are all more than 80% below their 52-week highs.

Wood spoke to CNBC this week and kept her conviction in Ark’s strategies, which focus on “disruptive innovation” in five digital plaforms: DNA sequencing, robotics, energy storage, artificial intelligence and blockchain technology.

Wood said her strategies are set to quadruple over the next five years, after their underperformance this year.

The portfolio manager expects the next few years to bring the “most spectacular period for innovation that we have ever seen,” said Wood.

Next Post

December 3rd COVID-19: Cases, Hospitalizations and Deaths Increasing

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Stock News

Finding high dividend yielders with steady and growing payouts

by
June 27, 2022
0

There are times in bear markets when the better part of valor is to collect some income and get paid...

Read more

Finding high dividend yielders with steady and growing payouts

Stocks making the biggest moves midday: Coinbase, Spirit Airlines, Robinhood and more

Santoli: The S&P 500 nears a level that could indicate whether the recent rebound is sustainable

Recession may not be here yet — but stagflation is: El-Erian

Billionaire Israel Englander Pulls the Trigger on These 2 “Strong Buy” Stocks

Women in states that ban abortion will still be able to get abortion pills online from overseas

Load More

All rights reserved by www.dividendstocksreport.net

  • Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.