Cathie Wood’s Ark Invest doubles down on Nvidia, Innovation ETF suffers 3 months of outflows

Ark Invest’s Cathie Wood scooped up shares of her growth darling Nvidia after the chipmaker suffered a double-digit sell-off this week alone. Wood’s flagship ARK Innovation ETF added 226,717 shares of Nvidia on Thursday. She also snapped up 32,093 shares for ARK Autonomous Technology & Robotics ETF and 39,008 shares for ARK Next Generation Internet … Read more

Frenzied trading in meme stocks is a warning sign for the broader market

Feverish trading in speculative stocks can be a warning sign that the broader market is near a top. Bed Bath & Beyond has been one of those plays, surging more than 25% Wednesday afternoon. That follows five jumps of at least 20% this month. The stock ended July at $5.03 and was near $26 Wednesday. … Read more

Stocks Could Keep Rising If the Fed Shows Restraint

Text size As the market rebounds, speculative stocks are stirring. For proof, consider Cathie Wood’s ARK Innovation ETF, up about 40% since mid-June. David Swanson/Reuters/Alamy What bear market? Stocks continued their summer rally this past week as better-than-expected inflation results helped lead to a 3.3% gain in the S&P 500 index, its fourth consecutive weekly … Read more

As earnings season starts this week, lots of cautious guidance on Wall Street

Three out of four may not be good enough The S & P 500 is 7% off its 52-week low of three weeks ago, and last week rose three out of four days. Several sectors are in modest uptrends: Health care has been strong, and even Ttech and communication services are in modest upswings. Cathie … Read more

Cathie Wood has a simple response to Tesla getting booted out of an S&P 500 ESG index: ‘Ridiculous’

Cathie Wood isn’t pleased about one of her most popular investments, Tesla Inc., being excluded from a prominent index that tracks eco- and socially friendly companies. “Ridiculous,” was essentially Wood’s terse response to news that the S&P 500 ESG Index has dropped Elon Musk’s electric-vehicle maker Tesla TSLA, -6.80%  from its lineup, as a part … Read more

The Stock Market Just Had Its Best Week Since 2020. Enjoy It While It Lasts.

Text size It was the largest weekly gain for all three major U.S. indexes since November 2020. Michael Nagle/Bloomberg Drop a ball off a balcony, and it will bounce. Drop the market off an all-time high and it eventually will, too. That doesn’t make it a buying opportunity. We’ve been waiting a while for a … Read more

Cathie Wood says she still expects to see ‘spectacular returns’ over the next 5 years

Cathie Wood defended her firm’s innovation-focused portfolio, saying she sees “spectacular returns” for Ark Invest over the next five years. “Given our expectations for growth in these new technologies, I think we’re going to see some spectacular returns,” the Ark Invest CEO told CNBC’s “Capital Connection.” She said the firm has seen “significant inflows” since … Read more