Cathie Wood: We Are Not Overly Concerned About Inflation and Rates Hammering ARK

Yahoo Finance2022-06-15

Noted tech investor Cathie Wood is staying true to her investing style — bold bets on buzzy future leaders — despite seeing her funds hammered during the plunge into bear territory for stock markets ...

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Comments

Jazling
2022-06-15
Jazling
Wow
Kiwibird41
2022-06-15
Kiwibird41
Saf
Lcc73
2022-06-15
Lcc73
Like
Big boi
2022-06-15
Big boi
arkk Is fked
来人
2022-06-15
来人
Ok
Ericdao
2022-06-15
Ericdao
Wow, sure u r not concern. It's not yr money [LOL] [LOL]

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The apparent catalyst for the sell-off was a surprisingly hot Consumer Price Index (CPI) on Friday that stoked fresh rate hike fears.Wood's flagship Ark Innovation Pacer Swan SOS Fund of Funds ETF|ETF — which rose to fame for big gains in 2020 and 2021 with rates being at record lows — mostly contains risky earlier stage tech companies, and it's these companies in particular that are seeing either greater losses or waning profits amid higher rates and slower economic growth.One name Wood has been buying of late, for instance, is crypto platform Coinbase. Shares are down 80% year to date amid a new crypto winter that has forced the company to slow its growth. On Tuesday, the company announced an 18% reduction in its workforce.ARKK's top three holdings — Zoom, Tesla, and Roku — have also seen outsized losses so far in 2022.Wood doesn't sound like a shaken investor, however.\"Many people have denigrated our strategies as 'profitless tech,' 'concept capital,' or 'tech wreck' —terms you didn’t hear during the tech bubble,\" she told Goldman. \"That’s a beautiful thing in some ways because it means that a lot of negative news is already priced in. Yet, despite that pessimism, 2022-2024 consensus estimates of revenue growth for our portfolios are in the 25-27% range. \"If this were a replay of the tech bubble, our portfolios would be showing negative expected revenue growth.\"Wood continued: \"The consensus estimate for the gross margins of our companies, which we believe provides a sense of the underlying profitability of our companies, also has them moving up slightly, whereas margins were moving down at this point in the tech bust. Despite these differences, investors are still running for the hills — towards their benchmarks — a decision we think will prove to be as wrong as racing towards the dream was during the dot-com bubble.\"","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9055547354,"gmtCreate":1655298044878,"gmtModify":1676535606726,"author":{"id":"3566821013640470","authorId":"3566821013640470","name":"Jazling","avatar":"https://static.tigerbbs.com/85e0a83573d9307f57fca9b2baed72af","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3566821013640470","authorIdStr":"3566821013640470"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055547354","repostId":2243699157,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9055553715,"gmtCreate":1655296183137,"gmtModify":1676535606264,"author":{"id":"4096972285985200","authorId":"4096972285985200","name":"Kiwibird41","avatar":"https://static.tigerbbs.com/d6e3852f1583f425a279fd84d5778999","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":4,"crmLevelSwitch":1,"idStr":"4096972285985200","authorIdStr":"4096972285985200"},"htmlText":"Saf","listText":"Saf","text":"Saf","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055553715","repostId":2243699157,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9055521486,"gmtCreate":1655295105345,"gmtModify":1676535606045,"author":{"id":"3564712937580301","authorId":"3564712937580301","name":"Lcc73","avatar":"https://static.tigerbbs.com/72523840e673b42dada1978a1dc74033","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3564712937580301","authorIdStr":"3564712937580301"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055521486","repostId":2243699157,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9055567814,"gmtCreate":1655294635938,"gmtModify":1676535605952,"author":{"id":"4101342527315700","authorId":"4101342527315700","name":"Big boi","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"4101342527315700","authorIdStr":"4101342527315700"},"htmlText":"arkk Is fked","listText":"arkk Is fked","text":"arkk Is fked","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055567814","repostId":2243699157,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9055567128,"gmtCreate":1655294627564,"gmtModify":1676535605951,"author":{"id":"3575544575320394","authorId":"3575544575320394","name":"来人","avatar":"https://static.tigerbbs.com/0af89587decbb8a1d3e1596adc29cb98","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3575544575320394","authorIdStr":"3575544575320394"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055567128","repostId":2243699157,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9055564012,"gmtCreate":1655294363736,"gmtModify":1676535605925,"author":{"id":"3574662162410712","authorId":"3574662162410712","name":"Ericdao","avatar":"https://static.tigerbbs.com/bc892cea22318ad4afece18be23b502b","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":8,"crmLevelSwitch":1,"idStr":"3574662162410712","authorIdStr":"3574662162410712"},"htmlText":"Wow, sure u r not concern. It's not yr money&nbsp;[LOL]&nbsp;[LOL]&nbsp;","listText":"Wow, sure u r not concern. It's not yr money&nbsp;[LOL]&nbsp;[LOL]&nbsp;","text":"Wow, sure u r not concern. It's not yr money [LOL] [LOL]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055564012","repostId":2243699157,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":55,"commentSize":9,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2243699157"}