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2021-10-27
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Cathie Wood's Ark Bought Key Tech Ahead of Earnings: Report
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That stake was worth $8.2 million at Monday’s close.</p>\n<p>ARK Fintech Innovation ETF also acquired 2,085 shares of retail/technology colossus Amazon, according to CNBC. That holding was worth $6.9 million at Monday’s close.</p>\n<p>Ark’s main fund, the Ark Innovation ETF (<b>ARKK</b>), picked up 103,155 shares of social media powerhouse Twitter, according to CNBC. That position was worth $6.4 million at Monday’s close.</p>\n<p>The Ark Next Generation Internet ETF(<b>ARKW</b>) took in 22,021 shares of music streaming company Spotify. That holding was worth $5.7 million at Monday’s close.</p>\n<p>Robinhood shares fell in after-hours trading Tuesday after the company's quarterly revenue came up short.</p>\n<p>Twitter edged higher in after-hours trading on indications it hadn't been hurt as much as other social media companies by changes in Apple's privacy policies earlier this year.</p>\n<p>Spotify is slated to report Wednesday and Amazon on Thursday.</p>\n<p>Morningstar analyst Dan Romanoff puts fair value for Amazon at $4,200 and assigns it a wide moat.</p>\n<p>Second-quarter earnings slightly trailed expectations, he wrote in July. But, “we see no cracks in the long-term story, as Amazon remains well positioned to prosper from the secular shift toward e-commerce and the public cloud over the next decade,” Romanoff said.</p>\n<p>“We note revenue weakness was limited to Amazon’s own online store segment, with other segments performing well and overall profitability impressive despite lower revenue.” So he saw shares as “undervalued.”</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's Ark Bought Key Tech Ahead of Earnings: Report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's Ark Bought Key Tech Ahead of Earnings: Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-27 08:27 GMT+8 <a href=https://www.thestreet.com/investing/cathie-woods-ark-bought-key-tech-ahead-of-earnings-report><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wood's Ark Investment bought Robinhood, Amazon and more as they prepared to report results this week.\nStar money manager Cathie Wood’s Ark Investment Management bought shares of several technology-...</p>\n\n<a href=\"https://www.thestreet.com/investing/cathie-woods-ark-bought-key-tech-ahead-of-earnings-report\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HOOD":"Robinhood","ARKF":"ARK Fintech Innovation ETF","SPOT":"Spotify Technology S.A.","ARKW":"ARK Next Generation Internation ETF","ARKK":"ARK Innovation ETF","TWTR":"Twitter","AMZN":"亚马逊"},"source_url":"https://www.thestreet.com/investing/cathie-woods-ark-bought-key-tech-ahead-of-earnings-report","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182583368","content_text":"Wood's Ark Investment bought Robinhood, Amazon and more as they prepared to report results this week.\nStar money manager Cathie Wood’s Ark Investment Management bought shares of several technology-related icons Monday ahead of their earnings reports, according to a published report.\nThe purchases included Amazon,Twitter,Robinhood and Spotify, CNBC reported.\nAll four are reporting this week.\nArk Fintech Innovation ETF (ARKF) snapped up 210,569 shares of securities brokerage app Robinhood, CNBC reported. That stake was worth $8.2 million at Monday’s close.\nARK Fintech Innovation ETF also acquired 2,085 shares of retail/technology colossus Amazon, according to CNBC. That holding was worth $6.9 million at Monday’s close.\nArk’s main fund, the Ark Innovation ETF (ARKK), picked up 103,155 shares of social media powerhouse Twitter, according to CNBC. That position was worth $6.4 million at Monday’s close.\nThe Ark Next Generation Internet ETF(ARKW) took in 22,021 shares of music streaming company Spotify. That holding was worth $5.7 million at Monday’s close.\nRobinhood shares fell in after-hours trading Tuesday after the company's quarterly revenue came up short.\nTwitter edged higher in after-hours trading on indications it hadn't been hurt as much as other social media companies by changes in Apple's privacy policies earlier this year.\nSpotify is slated to report Wednesday and Amazon on Thursday.\nMorningstar analyst Dan Romanoff puts fair value for Amazon at $4,200 and assigns it a wide moat.\nSecond-quarter earnings slightly trailed expectations, he wrote in July. But, “we see no cracks in the long-term story, as Amazon remains well positioned to prosper from the secular shift toward e-commerce and the public cloud over the next decade,” Romanoff said.\n“We note revenue weakness was limited to Amazon’s own online store segment, with other segments performing well and overall profitability impressive despite lower revenue.” So he saw shares as “undervalued.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":1046,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/852496383"}
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