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☆ Tesla's set to cash in on a $1 trillion market for delivery robots that's on its way, according to Cathie Wood's Ark
▼ + stars: | 2023-02-01 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Cathie Wood's Ark predicts the market for delivery robots to grow to $1 trillion by 2030. Tesla is well positioned to expand into the technology, and that should boost the stock toward Ark's 2026 price target of $4,600, the fund said. Ark alluded to Elon Musk's comments at Tesla's earnings that "mind blowing" products were coming. In its weekly Ark Disrupt newsletter, the investment firm stressed the scope for Tesla to expand into the new technology, which the fund predicts will grow to a $trillion market by 2030. Keeney added that this would help Tesla's share price toward Ark's 2026 target of $4,600 per share, a 2,500% increase from current market levels.

☆ Cathie Wood's Ark Invest says bitcoin could hit $1.5 million by 2030, doubling down on its bullishness for the world's largest cryptocurrency
▼ + stars: | 2023-02-01 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

Ark Invest said bitcoin could hit nearly $1.5 million by 2030, a 6,326% increase from its current price. The famed money manager predicted bitcoin will scale unto a "multi-trillion dollar market," per a recent report. The bullish estimates come amid a severe and lengthy crypto market rut. Bitcoin is down 65% from its all-time high in November 2021, with the industry's total market value off over 64% from its peak. Since the start of the year, Ark's flagship exchange-traded fund, ARKK, bought 108,548 Coinbase shares, worth $6.3 million at its current price.

☆ 'Big Short' legend Michael Burry issues a grave warning to investors with a one-word tweet: 'Sell.'
▼ + stars: | 2023-02-01 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Burry recently compared the S&P 500's rebound to its short-lived rally during the dot-com crash. The benchmark S&P 500 index gained 6.2% in January, while the tech-heavy Nasdaq Composite surged 11%, marking its best January performance since 2001. Burry has been pouring cold water on the stock rally this year. The implication was that the S&P 500's 17% rally since last October's low could also prove short-lived. GMO's Jeremy Grantham recently declared the S&P 500 could plummet 50% in a worst-case scenario, while Universa Investments's Mark Spitznagel diagnosed the "greatest tinderbox-timebomb in financial history."

☆ Cathie Wood's flagship Ark ETF just logged its best month in history as its stock darling Tesla makes a comeback
▼ + stars: | 2023-02-01 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Cathie Wood's flagship Ark Invest fund just notched its best month ever as tech stocks bounce back. The famed money manager's Ark Innovation ETF (ARKK) logged a gain of about 28% for January. A handful of stocks in ARKK's portfolio led the win, including Tesla, Spotify and Roku. The famed money manager's Ark Innovation ETF (ARKK) rose 3.7% on Tuesday to deliver an almost 28% gain for January — though it's still down 47% on a year ago. The gain follows two low-performing years for the exchange-traded fund, which dropped 69% in 2022 and 21% in 2021.

☆ Cathie Wood's Innovation ETF notches best month ever as beaten-down tech stocks roar back
▼ + stars: | 2023-01-31 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Cathie Wood notched her best month ever as her beaten-down innovation darlings staged a big comeback in the new year. Wood's flagship Ark Innovation ETF (ARKK) jumped 3.7% on Tuesday, bringing its January return to 27.8%. The innovation investor has said that the macroeconomic trends should start to work in her favor. The muted flows marked a stark difference from the same month last year when it enjoyed $238 million in inflows. The widely followed fund manager has been buying the beaten-down Tesla for a few months during the sell-off.

☆ Why the case is growing for a Federal Reserve interest rate cut before year end
▼ + stars: | 2023-01-31 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +11 min

The Fed will get to 5%, but quickly start to retreat so that the year-end rate is going to be 4.6%, according to the Fed Survey. The Fed interest rate policy path is pretty clear for the next few months of Federal Reserve FOMC meetings. Fear of recession dipped in the latest Fed Survey, but it's still elevated, with 51% of respondents expecting a recession. The Fed Survey doesn't have a positive outlook on growth for 2023, but isn't forecasting negative growth either. But one consumer CFO did say that the way price increases are "pushed through" is becoming more strategic as opposed to across-the-board.

☆ Wood's ARK Innovation Fund on pace for best month ever as battered stocks surge
▼ + stars: | 2023-01-27 | by ( David Randall | ) www.reuters.com time to read: +2 min

NEW YORK, Jan 27 (Reuters) - Cathie Wood's ARK Innovation Fund is closing in on the best monthly performance in its history as it rides a rebound in many of the high-growth stocks that took a beating last year. The $7.3 billion ARK Innovation (ARKK.P) fund is up slightly more than 25% for the month to date, putting it ahead of the 25% gain it notched in April 2020. Investors are awaiting the Feb. 1 conclusion of the Fed's monetary policy meeting for clues on whether easing inflation is swaying policymakers to a less hawkish view. The central bank is widely expected to increase its key policy rate by another 25 basis points next week. Overall, January's rally has helped ARK Innovation's assets under management grow by approximately $1.2 billion this month, while investors have pulled a net $59 million out of the fund, according to Lipper data.

☆ Tesla is back on top in Cathie Wood's flagship ARK ETF as the famed money manager shakes up her largest holdings
▼ + stars: | 2023-01-27 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Tesla reclaimed the top spot among the holdings of Cathie Wood's flagship Ark Innovation ETF. The money manager sold nearly $42 million of Exact Sciences in the past week, booting it from the top position. Zoom has been bumped to Ark Innovation ETF's second largest holding, with Exact Sciences now in third place. The money manager offloaded 1.2 million shares since the beginning of the year. Cathie Wood's Ark Innovation ETF has climbed 31% in the past month, and is on track for one of its strongest months ever.

☆ Wood's Ark Invest nearly liquidates Silvergate Capital position
▼ + stars: | 2023-01-06 | by ( David Randall | ) www.reuters.com time to read: +1 min

NEW YORK, Jan 6 (Reuters) - Star stock picker Cathie Wood's Ark Invest sold 403,990 shares of embattled crypto-focused bank Silvergate Capital Corp (SI.N) on Thursday as shares in the firm plunged more than 40%, according to disclosures by Ark Invest. The selling nearly liquidated the firm's share holdings and came from the $645 million ARK Fintech Innovation ETF (ARKF.P), and not the firm's flagship $5.9 billion ARK Innovation fund (ARKK.P), which does not have a position in the company. Total deposits from digital asset customers at Silvergate fell to $3.8 billion at the end of December, compared to $11.9 billion at the end of September. Ark Invest first bought shares in Silvergate in November, 2019, according to Morningstar data. Shares of Silvergate were down 9.2% in midday trading on Thursday, while shares of the ARK Fintech Innovation fund were up 0.8%.

☆ Cathie Wood's Ark funds plow another $19 million into Tesla stock after Elon Musk's EV maker missed delivery targets
▼ + stars: | 2023-01-04 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +3 min

Two of Cathie Wood's Ark Invest funds snapped up another $19 million worth of Tesla shares Tuesday. Tesla shares fell over 12% Tuesday after the EV maker said it had delivered fewer cars than expected in the previous 12 months. The moves add to Wood's dip-buying spree that saw Ark buy roughly $88 million of Tesla stock in the fourth quarter of last year. Tesla stock fell 65% over the course of last year, and plunged 40% in December alone. In premarket trading Wednesday, Tesla shares were up almost 1% at $109.04.

☆ With big bets on Musk, these funds may have a Tesla problem in '23
▼ + stars: | 2023-01-04 | by ( David Randall | ) www.reuters.com time to read: +4 min

Those funds dropped by an average of 42.1% last year, more than double the average 17% decline among U.S. stock funds, according to Morningstar. The $6 billion Baron Partners Retail fund, which leads all US mutual funds with about 52% of its assets in Tesla shares, fell nearly 43% last year, while the $54 million Zevenbergen Genea Institutional fund, which has 13% of its assets in Tesla, fell nearly 59%. Tesla fell about 65% last year, with declines accelerating after Musk decided to buy social media network Twitter, which some investors see as a distraction to the chief executive. His net worth has fallen by more than $100 billion, according to Forbes, bumping him from the position of world's richest person. The fund fell 67% last year, putting it near the bottom of all U.S. equity funds.

☆ Growth stocks 'derating into a vacuum,' strategist says — here's what to look out for
▼ + stars: | 2022-12-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGrowth stocks 'derating into a vacuum,' strategist says — here's what to look out forPeter Toogood, chief investment officer at Embark Group, brands Cathie Wood's investment strategy "nonsense" and shares his views on where investors should position themselves in the equity market.

☆ What's weighing on ARKK? Trading the fund's top holdings
▼ + stars: | 2022-12-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat's weighing on ARKK? Trading the fund's top holdingsCathie Wood's ARKK is sinking and Tesla is one of the anchors dragging it down. With CNBC's Frank Holland and the Fast Money traders, Tim Seymour, Guy Adami, Dan Nathan and Courtney Garcia.

☆ Cathie Wood's ARK Invest scooped up $88 million in Tesla stock in the 4th quarter amid the famed money manager's dip-buying spree
▼ + stars: | 2022-12-21 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

Cathie Wood's ARK Invest purchased $88 million worth of Tesla shares in the fourth quarter. The famed money manager has been on a dip-buying spree, also scooping $11.2 million of Coinbase last week. The purchases are worth roughly $88 million based on Tesla's average trading levels from October 3 to December 20. Despite the pain, ARK Invest continues to pile into Tesla shares, and investors don't seem to be giving up on Wood's growth-focused strategy just yet. ARKK holds 5.9 million shares of the crypto exchange, valued around $207,903,853.82 on Wednesday.

☆ Tesla stock's historic decline drags ARK Invest's flagship fund to new 5-year lows
▼ + stars: | 2022-12-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Tesla's historic price decline has helped drag ARK Invest's flagship fund to five-year lows. The Ark Innovation ETF fell to its lowest level since August 2017 on Tuesday, while Tesla hit its lowest level since November 2020. Despite steep declines, Cathie Wood is buying more Tesla, and investors are buying more of the ARKK ETF. Tesla stock has wiped out nearly $800 billion in market value since the start of the year, according to data from YCharts. On Tuesday, Tesla stock fell another 5% to hit its lowest level since November 2020.

☆ Cathie Wood's ARK Invest bought the dip on nearly $12 million of Tesla stock on the heels of Musk's sell-off
▼ + stars: | 2022-12-15 | by ( Brian Evans | ) www.businessinsider.com time to read: +1 min

Cathie Wood's ARK Invest bought nearly $12 million worth of Tesla stock on Wednesday. The move follows chief executive Elon Musk's sale of $3.6 billion worth of shares. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. ARK completed the purchase through its ARK Innovation ETF, the ARK Autonomous Tech & Robotics ETF, and the ARK Next Generation Internet ETF. Meanwhile, Tesla chief executive Elon Musk sold nearly 22 million shares over a three-day period ending December 14, according to regulatory filings.

☆ Ark Invest's Cathie Wood buys $11.7 million worth of beaten-down Tesla shares
▼ + stars: | 2022-12-15 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Cathie Wood's Ark Invest bought the dip in Tesla shares on Wednesday as her EV darling continued to sell off. The innovation-focused investor added 61,537 shares of Elon Musk's company for her flagship Ark Innovation ETF (ARKK) fund, according to Ark's daily trading data. She also bought 10,066 Tesla shares for Ark Autonomous Technology and Robotics ETF and 3,259 shares for Ark Next Generation Internet ETF Wednesday. Musk sold billions of dollars' worth of his Tesla holdings to finance the Twitter takeover and has been embroiled in controversy ever since. Musk sold about 22 million more shares, worth around $3.6 billion, according to a financial filing out Wednesday night.

☆ 'Big Short' investor Michael Burry sounds the recession alarm, warning the US economy faces a multiyear downturn
▼ + stars: | 2022-11-30 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Michael Burry has predicted the US economy will suffer a multiyear recession. The 'Big Short' investor sees no way for authorities to end the downturn early. Burry has warned consumers will virtually exhaust their savings soon, tanking the economy. The investor of "The Big Short" fame seems to be suggesting the Federal Reserve and US government have few good options to shore up growth. Burry shot to fame after his billion-dollar bet against the mid-2000s housing bubble was immortalized in the book and the movie "The Big Short."

☆ No spot bitcoin ETFs approved so far - U.S. SEC official
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +1 min

"We've had a number of applications ... none of those have been approved to date," said Uyeda, who was in Singapore to speak at the ICI Global Asset Management Asia Forum. Earlier this month, the SEC delayed a decision on whether to allow a spot bitcoin ETF by stock-picker Cathie Wood's Ark Invest and crypto investment product firm 21Shares US to list and trade on Cboe Global Markets until Jan. 27. The regulator has rejected over a dozen spot bitcoin ETF applications, and approved several bitcoin futures-based ETFs. The rejections have focused on applicants' lack of surveillance-sharing agreements with regulated markets relating to the spot funds' underlying assets. Uyeda added that the SEC continues to consider applications filed by exchanges "as they come up".

☆ Cathie Wood expects a U.S. recession in 2023 that could help her fund’s performance
▼ + stars: | 2022-11-28 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

But, as the central bank's aggressive rate hikes start to slow the economy and potentially tip the U.S. into a recession, Wood expects the tide to turn for her fund. "Interest rates will follow inflation," she said during a CNBC Pro Talk on Monday. When sentiment gets very bleak, or it's clear that the economy is deteriorating, that's often when the Fed would pause interest rate hikes or even begin cutting them. Biggest recession factor right now In terms of a potential 2023 recession, the biggest factor Wood sees right now is the aggressive pace of interest rate hikes to cool off hot inflation. "Taking interest rates up 16-fold, we think is a mistake," said Wood.

☆ Cathie Wood is buying the dip in Coinbase, adding $53 million this month as the FTX collapse pressures the crypto industry
▼ + stars: | 2022-11-22 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Cathie Wood's ARK Invest bought over 1.3 million shares of Coinbase this month, per Bloomberg. In total, Wood's Ark holds about 8.7 million shares of Coinbase, or about 4.7% of the company's total outstanding shares. Amid the plunge, Wood's ARK Invest has bought over 1.3 million shares this month alone, worth about $53 million, according to Bloomberg data. That brings the fund's total stake to about 8.4 million shares, or about 4.7% of Coinbase's total outstanding shares. The majority of ARK Coinbase holdings are part of its flagship fund, ARK Innovation ETF, making up its 13th largest position.

☆ 'Big Short' investor Michael Burry touts gold as a winner from the FTX fiasco - and hints he's betting against the stock market
▼ + stars: | 2022-11-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Michael Burry suggested the FTX fiasco and other crypto scandals could be good news for gold. The "Big Short" investor teased a bet against the market, despite his recent stock purchases. The investor of "The Big Short" fame was almost certainly referring to the financial pressures spreading across the crypto industry that have hit Sam Bankman-Fried's collapsed crypto exchange FTX. He shot to fame for his monster bet against the mid-2000s housing bubble, which was immortalized in the book and the movie "The Big Short." Read more: A Michael Burry expert breaks down what makes the 'Big Short' investor special.

☆ Cathie Wood adds to holdings in Coinbase, other crypto stocks amid FTX fallout
▼ + stars: | 2022-11-17 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Cathie Wood's Ark Invest is continuing to buy the dip in crypto stocks even as the fallout from the FTX collapse is creating new stresses in the digital currency world. The Ark Innovation ETF (ARKK) bought nearly 164,000 shares of Coinbase on Wednesday, while the Ark Fintech Innovation ETF (ARKF) added about 82,000 shares of Coinbase and bought roughly 141,000 shares of Silvergate Capital . Shares of Coinbase and Silvergate have dropped roughly 32% and 47%, respectively, since the end of October. These moves follow the Ark Next Generation Internet ETF (ARKW) buying shares of the Grayscale Bitcoin Trust on Monday and Tuesday. The flagship Ark Innovation ETF is down nearly 60% for the year.

related investing news Cathie Wood's ARK Invest keeps buying more crypto assets despite FTX bankruptcy Crypto.com is smaller than FTX but still ranks among the top 15 global exchanges, according to CoinGecko. Kris Marszalek, CEO of Crypto.com, speaking at a 2018 Bloomberg event in Hong Kong, China. Marszalek has spent the early part of the week trying to reassure users and regulators that the business is fine. FTX CEO Sam Bankman-Fried said his company's assets were "fine" two days before he was desperate for a rescue because of a liquidity crunch. Marszalek said on Monday that this was just a reflection of the assets Crypto.com customers were buying.

☆ Cathie Wood's ARK Invest keeps buying more crypto assets despite FTX bankruptcy
▼ + stars: | 2022-11-15 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Cathie Wood's Ark Invest is not backing away from cryptocurrency after a steep drop in prices and the collapse of FTX. The Ark Next Generation ETF bough 315,259 shares of the Grayscale Bitcoin Trust on Monday. There is no pure-play bitcoin ETF, and the Grayscale vehicle is seen as a proxy to gain exposure to the most popular cryptocurrency. The Next Generation Internet ETF is down 61% year to date, and the flagship Ark Innovation ETF (ARKK) is down nearly 49%. The Next Generation Internet ETF has seen outflows of more than $500 million this year.

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