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:
$Teladoc Health Inc(TDOC.US)$ is a virtual health provider with a telehealth platform delivering 24-hour, on-demand healthcare via mobile devices, the Internet, video, and phone.
Due to the pandemic, many people used telehealth initiatives for the first time in 2020, which leads to the shares have climbed more than 108% over the past year.
Teladoc's $18.5 billion merger with Livongo has completed at the end of October last year. The combined company is projecting revenue growth of 30% to 40% over the next two to three years. However, the company still lost money, more than $485 million for the year, compared with $98.9 million for 2019.
$3D Systems Corp(DDD.US)$ is a holding company that provides 3D printing solutions, including 3D printers, print materials, software, on-demand manufacturing services, and digital design tools. Its solutions are used in healthcare, aerospace, automotive, and other industries. 3D Systems reported 2.7% YoY growth in revenue for Q4 2020 and a net loss of $19.8 million versus net loss of $4.7 million in Q4 2019.
$Caterpillar Inc(CAT.US)$ is the largest global manufacturer of construction and mining equipment. Given that it serves a gamut of sectors, such as infrastructure, construction, mining, oil & gas, and transportation.
In early February, Caterpillar finalized its acquisition of Weir Group's Oil and Gas division into the rebranded SPM Oil and Gas. Caterpillar seems to have gotten a bargain for Weir's assets, which integrate nicely into its well services business. Also, the acquisition is set for Caterpillar to begin a period of growing sales and income.
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