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- JotokkiJotokki
  ·2021-03-05
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  Cathie Wood’s ARKK is under fire
  Ark's flagship fund ARK Innovation(NYSEARCA:ARKK)managed by Cathie Wood is under fire again. ARKK cl
  Cathie Wood’s ARKK is under fire
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ARKK cl","content":"<p>Ark's flagship fund ARK Innovation(NYSEARCA:ARKK)managed by Cathie Wood is under fire again. ARKK closed down another&nbsp;6.29%&nbsp;Wednesday after aselloff in some of its major holdings.</p>\n<p>Zillow, which represents 2.76% of ARKK's holdings, fell&nbsp;9.59%&nbsp;Wednesday. The fund's 2nd-largest holding Roku was down&nbsp;6.46%, and top holding Telsa - making up nearly 10% of the fund - was down&nbsp;5.06%.</p>\n<p>Since ARKK’s peak back on February 16th, the fund has plummeted&nbsp;21.66%, going from $159.70 to Wednesday’s close of $125.11. Furthermore, ARKK is down&nbsp;1.1%&nbsp;to $123.77 in premarket action.</p>\n<p>The disruptive and innovative fashion that Cathie Wood stands by is having market participants stop and scratch their heads. Being that the fund has a focus on long-term growth it means they have placed short term profitability in the rearview mirror. Two-thirds of its total holdings did not earn a profit last year, which can be concerning to many.</p>\n<p>ARKK is not the only ETF by Cathie Wood that is catching heat. See how ARK Innovation (ARKK), ARK Autonomous Technology &amp; Robotics(BATS:ARKQ), ARK Next Generation Internet(NYSEARCA:ARKW)and ARK Genomic Revolution ETF(BATS:ARKG)all faired against the S&amp;P 500 since the beginning of February 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/faf1b7fa4436ecdf8addd3cfe3a807e2\" tg-width=\"1280\" tg-height=\"663\"></p>","source":"seekingalpha","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 ARKK is under fire</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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\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 ARKK is under fire\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-04 21:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3669319-cathie-woods-arkk-is-under-fire><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ark's flagship fund ARK Innovation(NYSEARCA:ARKK)managed by Cathie Wood is under fire again. ARKK closed down another 6.29% Wednesday after aselloff in some of its major holdings.\nZillow, which ...</p>\n\n<a href=\"https://seekingalpha.com/news/3669319-cathie-woods-arkk-is-under-fire\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKG":"ARK Genomic Revolution ETF","ARKQ":"ARK Autonomous Technology & Robotics ETF","ARKK":"ARK Innovation ETF","ARKW":"ARK Next Generation Internation ETF"},"source_url":"https://seekingalpha.com/news/3669319-cathie-woods-arkk-is-under-fire","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1108020727","content_text":"Ark's flagship fund ARK Innovation(NYSEARCA:ARKK)managed by Cathie Wood is under fire again. ARKK closed down another 6.29% Wednesday after aselloff in some of its major holdings.\nZillow, which represents 2.76% of ARKK's holdings, fell 9.59% Wednesday. The fund's 2nd-largest holding Roku was down 6.46%, and top holding Telsa - making up nearly 10% of the fund - was down 5.06%.\nSince ARKK’s peak back on February 16th, the fund has plummeted 21.66%, going from $159.70 to Wednesday’s close of $125.11. Furthermore, ARKK is down 1.1% to $123.77 in premarket action.\nThe disruptive and innovative fashion that Cathie Wood stands by is having market participants stop and scratch their heads. Being that the fund has a focus on long-term growth it means they have placed short term profitability in the rearview mirror. Two-thirds of its total holdings did not earn a profit last year, which can be concerning to many.\nARKK is not the only ETF by Cathie Wood that is catching heat. See how ARK Innovation (ARKK), ARK Autonomous Technology & Robotics(BATS:ARKQ), ARK Next Generation Internet(NYSEARCA:ARKW)and ARK Genomic Revolution ETF(BATS:ARKG)all faired against the S&P 500 since the beginning of February 2021.","news_type":1},"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}