Cathie Wood’s ARK Invest ETFs are among the most attractive after the massive stock market rally in 2020. But those funds have been hit hard in 2021 and continue to break down. 2022. The five stocks ARK Invest should watch are Coinbase, Roku, Block, Tesla stock, and Zoom Video.
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Should ARKK buy now?
The Invest in ARK The investment company’s flagship fund is the ARK Innovation ETF (ARKK). The ARKK ETF focuses on companies that demonstrate “disruptive innovation,” a technology-enabled new product or service that has the potential to change the way the world works.
ARK . Innovation Fund more than 152% increase in 2020, easily beating Nasdaq’s massive 43.6% return. But the ARKK ETF underperformed the Nasdaq in 2021, down 24% from the Nasdaq’s 21.4% gain. That underperformance continues into 2022 with the ARKK ETF down more than 62% through Nov. 22 compared to Nasdaq’s 28.6% drop in the same period.
With the ARKK ETF down about 70% from its 52-week high, the ETF is not a buy right now. Wait for the ETF to stop its current downtrend, form a new base, and then break through the exact buy point to indicate the right time to buy. The ARKK ETF was up 1.2% on Wednesday.
Other ARK ETFs include Autonomous Technology & Robots (ARQ), the next-generation Internet (ARKW), Genome Revolution (ARKG), Fintech Innovation (ARKF) and the recently launched Space Discovery and Innovation (ARKX).
How to Invest Like Cathie Wood: Focus on Game Changers
ARKK fund’s huge returns in 2020 are thanks to big-cap success stories in cutting-edge technology sectors: DNA sequencing, robotics, artificial intelligence, energy storage and technology block chain.
“Disruptive innovation is often not priced accurately by traditional investment strategies because people may not understand how great the eventual opportunities will be. They don’t evaluate the opportunity and they don’t analyze the future. disruption,” Wood, founder and CEO of ARK Investments, comment on company website.
Stock market ETF strategy and how to invest during a stock market rally
ARK stock investment to see
ARK Invest stocks to view and bookmark them, including Coinbase Global (COIN), Roku (ROKU), Unit (SQ), Tesla (TSLA) and Zoom video (ZM).
| Company name | Icon | Closing price | Weight in ARKK |
|---|---|---|---|
| Zoom video | (ZM) | 77.15 | 9.52% |
| Tesla | (TSLA) | 169.91 | 7.46% |
| Roku | (ROKU) | 54.36 | 7.25% |
| exact science | (EXAS) | 42.23 | 6.82% |
| Unit | (SQ) | 62.72 | 5.41% |
| UiPath | (PATH) | 11.94 | 4.65% |
Source: ARK fund data as of November 22, 2022
Coinbase Stocks
Coinbase Cryptocurrency Exchange debut on April 14, 2021 at $250 per share. Coinbase shares closed its first trading day at 328.28, up 31.3%, at a valuation of $87.3 billion. COIN stock is trading down more than 85% from its 52-week high.
COIN shares are much lower than the 50-day and 200-day benchmarks after hitting a new all-time low on Nov. shed light on leading crypto exchange FTX. COIN stock was up 1.2% on Wednesday.
The large stake in Coinbase represents another Ark Invest stock that offers greater exposure to cryptocurrencies.
Stock video zoom
Zoom Video is a leader in modern enterprise video communications, with a cloud platform for audio and video conferencing, chat, and webinars across mobile, desktop and systems. room system.
On November 21, The company reports 10th quarter revenue and earnings beat estimates amid lower expectations. But guidance for ZM stock is below Wall Street’s target.
On Wednesday, Zoom stock fell 2.3%. Shares are down about 70% from their 52-week high.
Roku Shares
Roku stock is trading down about 80% from a 52-week high amid severe weakness over the past 16 months. On November 2nd, online video platform announced a larger-than-expected loss for the second quarter, falling short of sales targets and giving weak guidance.
ROKU shares were up 2.3% on Wednesday.
block of shares
Block is a leader in digital payments and cryptocurrencies. Stock about 72% below the 52-week high and well below the 200-day moving average.
Based on Check IBD Stocks, Stock block showing 47 out of 99 perfect IBD Composite Rating. The IBD Composite Rating makes it easy for investors to measure the quality of a stock’s fundamental and technical indicators.
On November 4th, reporting company September quarter earnings and revenue beat analyst estimates.
Block shares rose 0.3% on Wednesday.
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Why Tesla stock is one of ARK’s best stocks to invest in
Tesla stock is one of ARK Invest’s top stocks, with a whopping 7.5% weight in the ARKK ETF’s portfolio. On April 13, Ark Invest as a model $4,600 price target for the electric vehicle giant. The valuation was announced ahead of Tesla’s 3-for-1 stock split on August 24.
Tesla shares rose 4.7% on Wednesday after Citigroup upgraded the stock from sell to neutral.
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