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:
$PayPal Holdings Inc(PYPL.US)$ Shares of PayPal climbed 7% on Thursday, following the release of its excellent Q4 results.
The result shows that its profits tripled amid continued pandemic-driven adoption of digital payments. Also, the revenue increased 23% to $6.1 billion. The new active users of PayPal increased 16 million during the quarter, bringing its total users up to 377 million.
Recently, PayPal launched a new service, enabling users to buy, hold, and sell cryptocurrencies, as well as using the cryptocurrencies for purchases at PayPal's 26 million merchants worldwide. The service also supports Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.
$Lightspeed POS Inc(LSPD.US)$ is an e-commerce software provider that provides cloud-based point of sale (POS) systems. The Company offers e-commerce, payment processing, accounting, multi-location management, and reporting and analysis solutions.
Currently, it is offering services to more than 100,000 customers belonging to different sectors such as retail, hospitality, business, and restaurant.
In 2020, LSPD raised $355 million through its first IPO. Yesterday, the company released the 2021 Q3 results. According to the report, the revenue grew 79% YoY to $57.6 million.
$Bill.com Holdings Inc(BILL.US)$ is a provider of cloud-based software that automates complex back-office financial operations for small and medium businesses. The company's platform generates and process invoices, streamline approvals, send and receive payments, sync with their accounting system, and manage their cash. The company generates revenue through subscription and transaction fees.
Since the beginning of the year, Bill.com shares have lost about 1.7%, and the S&P 500's gained 2%.
Yesterday, the company reported its Q2 revenue of $54.05 million for the year ended December 2020, up 38.29% YoY.
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(0)
Reason For Report