Cathie Wood Loads Up More Shares In Tesla And This Rival Chinese EV Maker On Wednesday
Cathie Wood-ledArk Investment Managementon Wednesday further raised its electric vehicle exposure as it bought shares inTesla Incand the U.S. listed Chinese electric vehicle makerXpeng Incon the dip.T
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Apple undoubtedly is a great company, with a strong brand, excellent margins, and fundamentals, a fortress balance sheet, and massive shareholder returns.Being a great company does not mean that the stock must be a great buy. However, valuations are significantly higher than they were historically.I believe that some of the other FAANG stocks are better, while others are worse. AAPL seems like a solid, but not a spectacular investment at today's valuation.At 26-64x this year's expected net profi