Growth stocks rock the world!!! Time to bet on ARKK?

Tiger_comments
2023-11-03
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The anticipated rebound seems to come with growth stocks leading! $Palantir Technologies Inc.(PLTR)$ , $Shopify(SHOP)$ , $Roku Inc(ROKU)$ all surge about 20%, while big tech lag behind.

Growth stocks rock the world in November!!!!!

1) Streaming platform $Roku Inc(ROKU)$ skyrocketed over 30%.

  • Revenue: $912 mln, surpassing expectation of $855.66 mln.

  • Record-breaking streaming hours, totalling 26.7 bln, a 49% yoy increase.

2) E-commerce $Shopify(SHOP)$ closed 22.36% higher. 

  • EPS: 24 cents, significantly higher than 15 cents expected.

  • GMV (Gross Merchandise Volume) was over $56 bln up 22%, indicating it’s still attracting merchants and consumers.

3) $Palantir Technologies Inc.(PLTR)$ surged 20%.

  • Third-quarter profits reached the highest level in the company's 20-year history.

  • High demand for AI products is a key factor driving the stock price increase.

4) Payment services provider $Block(SQ)$ rose over 19%.

  • The company beat Q3 earnings, raises guidance and also announces a $1 bln stock buyback.

  • Adjusted EBITDA guidance raised to $2.4 bln,higher than expected $1.94 bln.

Confused about which growth stock to choose, why not look at $ARK Innovation ETF(ARKK)$ ?

data as of 11/03

Will growth stocks lead the rebound in Nov.?

Will you allocate your fund to growth stocks?

Invest in ARKK or other companies?

Leave your comments and repost to win tiger coins!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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Comments

  • icycrystal
    2023-11-04
    icycrystal
    growth stock and dividend stock, better to have both. I would invest in Uncle Buffett more than Auntie Cathy, he more powerful and more [USD] [USD] [USD]
  • Mrzorro
    2023-11-04
    Mrzorro
    I wish growth stock could lead the rebound in Nov, but I won't invest in ARKK... maybe  $Berkshire Hathaway(BRK.A)$  $Berkshire Hathaway(BRK.B)$   cause I trust Warren Buffett more than cathie Wood
  • Shyon
    2023-11-04
    Shyon
    It is never a bad idea to invest in growth stocks if you aim for higher return but the risk will be higher as well, higher risk higher reward, which is pretty standard across the equity market. However, it is not advisable to invest only in growth stock as we need to diversify our portfolio. We should allocate certain amount in the dividend stocks as well. In case you really have no idea which specific company to invest, ARKK might still be a good choice for you as ETF helps you to avoid from putting all eggs in one basket. The risk is lower definitely. What will you choose? Come and comment!

    @TigerStars @MillionaireTiger @CaptainTiger @TigerClub @Tiger_comments @TigerEvents

  • GoodLife99
    2023-11-04
    GoodLife99
    Growth stocks bring better profit but not interested in ARK investment under sister Wood. Better to invest in the big tech like TSLA, APPLE, AMAZON, META, ALPHABET or NVDIA as they have yet to return to their peak?
  • nomadic_m
    2023-11-04
    nomadic_m
    from comments section why do I sense that Ms wood is not popular among this community? the ROI for ARK seems better than SPY, although past performance does not guarantee future. anyway, she gained a spot in my watchlist until I get to do more research
    • koolgalReplynomadic_m: 
      My pleasure 😍😍😍
    • nomadic_mReplykoolgal: 
      ahha moment from me. thanks for the feedback 🙂
    • koolgal: 
      Cathie Wood is a high risk high reward Fund Manager while Warren Buffett is the Guru of Value Investing. 😍😍😍
  • koolgal
    2023-11-04
    koolgal

    🌟🌟🌟Cathie Wood must be delirious with joy  right now as her $ARK Innovation ETF(ARKK)$  share price is up 5% in the past 5 days and 32% year todate.  She has picked winners in some of the holdings in ARKK.  Roku, Tesla, Coinbase, Roblox, and $Palantir Technologies Inc.(PLTR)$ 

    are all winners.   

    ARK Innovation ETF focuses on companies that are Disruptive Innovators that will change the world in the future. 

    ARKK is an actively managed ETF and has an expense ratio of 0.75%.

    Is it time to bet on ARKK? 

    It is a Yes if you believe in these fast growing companies and want a low cost diversified approach that an ETF offers. 

    It is No if you are a risk adverse investor as ARKK is a High Reward but High Risk kind of ETF.

    Ultimately it all depends on the risk appetite of individual investors. 

    @Tiger_comments  @TigerStars  

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