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 6 actively managed innovation ETFs:
$ARK Autonomous Technology & Robotics ETF(ARKQ.US)$
$ARK Next Generation Internet ETF(ARKW.US)$
$ARK Genomic Revolution ETF(ARKG.US)$
$ARK Fintech Innovation ETF(ARKF.US)$
$ARK Space Exploration & Innovation ETF(ARKX.US)$
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:
$Pinterest Inc(PINS.US)$ is an image sharing and social media service designed to enable saving and discovery of information on the internet using images and, on a smaller scale, animated GIFs and videos, in the form of pinboards. The company's positive vibe and focus have earned it a unique place among social media platforms.
While the company's bottom line growth fell in the company's most recent quarterly report from 258% to 210%. The Q1 revenue grew 78% year over year, driven by increased advertising by small- and medium-sized businesses and its rapid international expansion.
Monthly active users (MAUs) grew 30%, led by international MAUs that grew 37%, and U.S. users that climbed 9%.
$TWILIO INC(TWLO.US)$ is an American cloud communications platform as a service (CPaaS) company, 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.
Twilio earnings and revenue for the March quarter topped expectations as recently acquired Segment boosted the top line. It reported revenue growth of 62% to $590 million, well ahead of estimates at $532.9 million. However, the company's stock dipped as it announced the departure of its chief product officer and issued mixed guidance.
$Deere & Co(DE.US)$ is the world's largest producer of agricultural equipment.
Early in 2018, DE partnered with NASA to improve its self-driving tractors. The company tapped into NASA's global network of ground stations. Most self-driving tractors cultivating the majority of American farmland rely on NASA technology. The NASA model for commercial software can help predict yields and classify land types using satellite imagery.
Deere's agriculture equipment sales are witnessing a boost owing to its growing range of precision agriculture with technologies.
For its first quarter of fiscal 2021, the company reported a top-line of $9.11 billion, which implies a staggering 19.41% growth as compared to the $7.63 billion in revenue reported in the corresponding quarter of the previous year.
(Click the picture to zoom in)
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