By Zoe
ARK Investment has recently become a huge player in the ETF industry due to its wildly optimistic price target for Tesla. Its founder Catherine Wood is even called 'female Buffett'.
However, her investment preference is different from Buffett's. Wood advocates investment in transformational technologies, which she describes as "disruptive innovation", unlike Buffet, who rarely touches tech industries.
ARK currently has 5 actively managed innovation ETFs:
$Ark Autonomous Technology & Robotics Etf(ARKQ.US)$
$Ark Next Generation Internet ETF(ARKW.US)$
$ARK Genomic Revolution ETF(ARKG.US)$
$Ark Fintech Innovation Etf(ARKF.US)$
The performance of these funds is amazing. ARKK, the most well-known product, has an average annualized return of nearly 40% over the past five years. Moreover, all five funds have risen more than 80% in the past year. All of them have outperformed the S&P 500 ETF (SPY) and the NASDAQ 100 Index ETF (QQQ).
The top three stocks on the list of lastest trades were:
$Palantir Technologies Inc(PLTR.US)$ is a public American software company that specializes in big data analytics. The company is known for three projects in particular: Palantir Gotham, Palantir Metropolis, and Palantir Foundry. Palantir Gotham is used by counter-terrorism analysts at offices in the United States Intelligence Community(USIC) and United States Department of Defense.
In Q4 2020, the company generated revenue of $322.1 million, up 40% YoY and beating the estimates by $22 million. However, the company delivered an unexpected loss per share of $0.08, while Street was anticipating EPS to be positive at $0.02.
As the expiration of the lockup period puts all of the outstanding shares available to trade, PLTR shares closed nearly 7% lower at $25.17 on Thursday.
$Thermo Fisher Scientific Inc(TMO.US)$ is an American provisioner of scientific instrumentation, reagents and consumables, and software and services to healthcare, life science, and other laboratories in academia, government, and industry (including in the biotechnology and pharmaceutical sectors).
The company helps customers solve complex analytical challenges, improve patient diagnostics and increase laboratory productivity, through four premier brands: Thermo Scientific, Life Technologies, Fisher Scientific, and Unity Lab Services.
In January 2021, TMO announced it had acquired Belgium-based viral vector manufacturer, Henogen SA, for €725 million in cash.
This Wednesday, TMO announced it has acquired cell sorting technology assets from Propel Labs. Under the terms of the agreement, the recently introduced Bigfoot Spectral Cell Sorter will become part of TMO's Biosciences business. The Bigfoot Spectral Cell Sorter brings more powerful sorting capabilities, faster throughput, and novel safety features complementing TMO's already strong flow cytometry offering.
$TWILIO INC(TWLO.US)$ is an American cloud communications platform, allowing software developers to programmatically make and receive phone calls, send and receive text messages, and perform other communication functions using its web service APIs.
The software maker's customers include $UBER TECHNOLOGIES INC(UBER.US)$, $Lyft Inc(LYFT.US)$, $DoorDash, Inc.(DASH.US)$,$GrubHub Inc(GRUB.US)$, Instacart, and Postmates. TWLO said it now has 221,000 active customer accounts, up from 179,000 at the end of 2019.
The company announced Thursday that it expects to sell $1 billion in fresh shares, after its stock zoomed to record highs following a strong earnings report, to $443.49.
Please do not blindly follow ARK's trades. This is to provide you with a list of quality companies worth looking at. It is always smart to do your own due diligence before investing!
Comment(1)
love Ark!
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