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Cathiewood

All articles tagged with #cathiewood

finance1 year ago

Dow and Bitcoin Surge Amid Post-Election Rally; Tesla Gains

The Dow Jones Industrial Average rose nearly 400 points as the stock market rally continued, driven by gains in financials and consumer discretionary sectors. Coinbase surged nearly 17% amid a Bitcoin rally, while Cathie Wood's ARK Invest bought shares of Crispr Therapeutics after a significant drop. Tesla also saw a strong performance, rising around 7%. However, tech stocks like Nvidia and Apple lagged, and mining stocks showed weakness. The Nasdaq composite slipped slightly, while the S&P 500 gained 0.3%.

via Investor's Business Daily|
#bitcoin#cathiewood#coinbase
finance1 year ago

"Inflation Reports and Chip Selloffs: Stock Market Slips Today"

The stock market experienced selling pressure as wholesale prices in February exceeded expectations and retail sales weakened, causing the Dow Jones, S&P 500, and Nasdaq to fall. Despite analysts turning bullish on Nvidia and Super Micro Computer, both stocks plunged. Cathie Wood's ARK Invest holding Robinhood surged, while Tesla fell. Economic data showed a rise in producer prices and a decrease in initial jobless claims, with most sectors in the S&P 500 lower. Some stocks remained near buy points, including Neurocrine Biosciences, Royal Caribbean, and Dexcom.

via Investor's Business Daily|
#cathiewood#dowjones#finance
business-and-finance2 years ago

"Cathie Wood's Contrarian Bet on Tesla Amidst Wall Street Skepticism"

Cathie Wood's Ark Investment Management has resumed purchasing Tesla shares, despite a broader negative sentiment on Wall Street towards the electric vehicle maker. Analysts are concerned about an EV market slowdown, reduced government incentives, and competition from Chinese manufacturers like BYD Co. Despite these challenges and a decline in Tesla's share price, Wood is optimistic about Tesla's market share potential and Ark's analysis suggests a significant future increase in Tesla's stock value.

via Yahoo Finance|
##arkinvestment#business-and-finance
business-and-finance2 years ago

Cathie Wood Suggests GM and Ford EV Slowdown Could Boost Tesla's Market Lead

Cathie Wood, CEO of Ark Invest, criticizes GM and Ford for decelerating their electric vehicle (EV) production plans, suggesting this will benefit Tesla. Despite a slowdown in EV market growth, sales are still robust, with a 56% increase in the U.S. over the previous year. Wood argues that profitability in EVs requires scaling up, which GM and Ford are avoiding until they can ensure profits. Their reluctance to scale may result in Tesla and other committed EV makers gaining a larger market share.

via Fortune|
##autoindustry#business-and-finance
finance-and-investments2 years ago

"Cathie Wood's Soaring Stock Pick Promises Long-Term Wealth"

Cathie Wood's investment strategy of targeting companies with disruptive innovation potential has led to a 70% gain for her Ark Innovation ETF in 2023. Twilio, a cloud communications company and the ninth largest component of the ETF, has seen its shares rise by 52% since November. With a market expected to grow at a CAGR of 26% through 2028, Twilio's revenue is projected to increase significantly, offering a promising investment opportunity. Despite recent volatility, Wood's long-term investment horizon and a potential favorable market scenario in 2024, including possible interest rate cuts, suggest that Twilio's stock could provide healthy returns over the next five years.

via The Motley Fool|
##arkinvest#cathiewood
finance2 years ago

"Cathie Wood's Latest Moves: Loading Up on Chip Stocks and One Cheap Stock While Dumping Tesla"

ARK Investment Management, led by Cathie Wood, purchased over $3.8 million worth of chip stocks on Monday, including over 18,500 shares of Advanced Micro Devices and over 18,000 shares of Taiwan Semiconductor. The purchase was made via the ARK Autonomous Technology & Robotics ETF and the ARK Next Generation Internet ETF. Chip stocks have seen a correction since mid-June, and AMD shares have lost over 9% in the last five trading sessions. ARK also sold over 8,200 shares of Tesla at an estimated valuation of close to $2 million.

via Benzinga|
#advancedmicrodevices#arkinvestmentmanagement#cathiewood