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- JennyTanJennyTan
  ·2021-08-02
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  Ark Sells $43.7M In Tesla While Cathie Wood Likens Elon Musk Company To Apple
  Tesla Inc(NASDAQ:TSLA) bull Cathie Wood-led Ark Invest sold some of the shares in the electric vehic
  Ark Sells $43.7M In Tesla While Cathie Wood Likens Elon Musk Company To Apple
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- JennyTanJennyTan
  ·2021-08-02
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  The stock market's biggest driver of gains is on pace for its fastest growth since 2009
  Profit growth - which has historically been the biggest driver of stock-market returns - is seeing i
  The stock market's biggest driver of gains is on pace for its fastest growth since 2009
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- JennyTanJennyTan
  ·2021-08-02
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estimated to be worth about $43.7 million, in the&nbsp;<b>Elon Musk</b>-led company on a day Wood said Tesla will follow&nbsp;<b>Apple Inc</b>(NASDAQ:AAPL) in capturing the lion's share of the sector's profits.</p>\n<p>Wood compared Tesla with Apple in an interview with RealVision and suggested a huge inefficiency in analyst research behind Tesla, as reported by&nbsp;Markets Insider.</p>\n<p>“We believe that the reason there's such a big inefficiency in Tesla's valuation is the short-term time horizon of analysts and the wrong analysts following it,” Woods said, as per the report.</p>\n<p>The popular investment firm, which counts Tesla as its biggest holding, had in March said the stock will hit&nbsp;$3,000 at the end of 2025.</p>\n<p>The New York-based investment firm had on Monday deployed the&nbsp;<b>Ark Innovation ETF</b>(NYSE:ARKK) to sell the shares in Tesla and also holds the stock via two other traded funds, namely, the&nbsp;<b>Ark Autonomous Technology &amp; Robotics ETF</b>(BATS:ARKQ) and the&nbsp;<b>Ark Next Generation Internet ETF</b>(NYSE:ARKW).</p>\n<p>Ark Invest last sold shares in Tesla in April when shares of the company were trading around&nbsp;$719 a piece.</p>\n<p>All three Ark ETFs count Tesla among their largest positions and together held 4.9 million shares, worth $3.34 billion, ahead of Friday’s trades.</p>\n<p>The popular investment firm also scooped over 1.85 million shares, estimated to be worth about $65.2 million, in&nbsp;<b>Robinhood Markets Inc</b>(NASDAQ:HOOD) as the shares of the company staged a recovery and closed higher just a day after a dismal debut.</p>\n<p>Robinhood shares closed&nbsp;0.95% higher at $35.15 on Friday, a day after losing over 8% on its trading debut.</p>\n<p>Ark deployed ARKK, ARKW and the&nbsp;<b>Ark Fintech Innovation ETF</b>(NYSE:ARKF) to buy the shares in Robinhood and the three ETFs held 4.6 million shares, worth $160.5 million, in Robinhood Markets.</p>\n<p>Some of the other key Ark Invest buys on Friday included&nbsp;<b>Pinterest Inc</b>(NYSE:PINS), and&nbsp;<b>UiPath Inc</b>(NYSE:PATH), and sells included&nbsp;<b>Pinduoduo Inc</b>(NASDAQ:PDD).</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>Ark Sells $43.7M In Tesla While Cathie Wood Likens Elon Musk Company To Apple</title>\n<style 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}\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\">\nArk Sells $43.7M In Tesla While Cathie Wood Likens Elon Musk Company To Apple\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-08-02 11:10</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Tesla Inc</b>(NASDAQ:TSLA) bull&nbsp;<b>Cathie Wood</b>-led Ark Invest sold some of the shares in the electric vehicle maker months after setting a steep price target on the stock as the investment management firm re-balances its portfolio.</p>\n<p>The popular investment firm sold 63,643 shares, estimated to be worth about $43.7 million, in the&nbsp;<b>Elon Musk</b>-led company on a day Wood said Tesla will follow&nbsp;<b>Apple Inc</b>(NASDAQ:AAPL) in capturing the lion's share of the sector's profits.</p>\n<p>Wood compared Tesla with Apple in an interview with RealVision and suggested a huge inefficiency in analyst research behind Tesla, as reported by&nbsp;Markets Insider.</p>\n<p>“We believe that the reason there's such a big inefficiency in Tesla's valuation is the short-term time horizon of analysts and the wrong analysts following it,” Woods said, as per the report.</p>\n<p>The popular investment firm, which counts Tesla as its biggest holding, had in March said the stock will hit&nbsp;$3,000 at the end of 2025.</p>\n<p>The New York-based investment firm had on Monday deployed the&nbsp;<b>Ark Innovation ETF</b>(NYSE:ARKK) to sell the shares in Tesla and also holds the stock via two other traded funds, namely, the&nbsp;<b>Ark Autonomous Technology &amp; Robotics ETF</b>(BATS:ARKQ) and the&nbsp;<b>Ark Next Generation Internet ETF</b>(NYSE:ARKW).</p>\n<p>Ark Invest last sold shares in Tesla in April when shares of the company were trading around&nbsp;$719 a piece.</p>\n<p>All three Ark ETFs count Tesla among their largest positions and together held 4.9 million shares, worth $3.34 billion, ahead of Friday’s trades.</p>\n<p>The popular investment firm also scooped over 1.85 million shares, estimated to be worth about $65.2 million, in&nbsp;<b>Robinhood Markets Inc</b>(NASDAQ:HOOD) as the shares of the company staged a recovery and closed higher just a day after a dismal debut.</p>\n<p>Robinhood shares closed&nbsp;0.95% higher at $35.15 on Friday, a day after losing over 8% on its trading debut.</p>\n<p>Ark deployed ARKK, ARKW and the&nbsp;<b>Ark Fintech Innovation ETF</b>(NYSE:ARKF) to buy the shares in Robinhood and the three ETFs held 4.6 million shares, worth $160.5 million, in Robinhood Markets.</p>\n<p>Some of the other key Ark Invest buys on Friday included&nbsp;<b>Pinterest Inc</b>(NYSE:PINS), and&nbsp;<b>UiPath Inc</b>(NYSE:PATH), and sells included&nbsp;<b>Pinduoduo Inc</b>(NASDAQ:PDD).</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKQ":"ARK Autonomous Technology & Robotics ETF","ARKW":"ARK Next Generation Internation ETF","ARKF":"ARK Fintech Innovation ETF","TSLA":"特斯拉","ARKK":"ARK Innovation ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123481231","content_text":"Tesla Inc(NASDAQ:TSLA) bull Cathie Wood-led Ark Invest sold some of the shares in the electric vehicle maker months after setting a steep price target on the stock as the investment management firm re-balances its portfolio.\nThe popular investment firm sold 63,643 shares, estimated to be worth about $43.7 million, in the Elon Musk-led company on a day Wood said Tesla will follow Apple Inc(NASDAQ:AAPL) in capturing the lion's share of the sector's profits.\nWood compared Tesla with Apple in an interview with RealVision and suggested a huge inefficiency in analyst research behind Tesla, as reported by Markets Insider.\n“We believe that the reason there's such a big inefficiency in Tesla's valuation is the short-term time horizon of analysts and the wrong analysts following it,” Woods said, as per the report.\nThe popular investment firm, which counts Tesla as its biggest holding, had in March said the stock will hit $3,000 at the end of 2025.\nThe New York-based investment firm had on Monday deployed the Ark Innovation ETF(NYSE:ARKK) to sell the shares in Tesla and also holds the stock via two other traded funds, namely, the Ark Autonomous Technology & Robotics ETF(BATS:ARKQ) and the Ark Next Generation Internet ETF(NYSE:ARKW).\nArk Invest last sold shares in Tesla in April when shares of the company were trading around $719 a piece.\nAll three Ark ETFs count Tesla among their largest positions and together held 4.9 million shares, worth $3.34 billion, ahead of Friday’s trades.\nThe popular investment firm also scooped over 1.85 million shares, estimated to be worth about $65.2 million, in Robinhood Markets Inc(NASDAQ:HOOD) as the shares of the company staged a recovery and closed higher just a day after a dismal debut.\nRobinhood shares closed 0.95% higher at $35.15 on Friday, a day after losing over 8% on its trading debut.\nArk deployed ARKK, ARKW and the Ark Fintech Innovation ETF(NYSE:ARKF) to buy the shares in Robinhood and the three ETFs held 4.6 million shares, worth $160.5 million, in Robinhood Markets.\nSome of the other key Ark Invest buys on Friday included Pinterest Inc(NYSE:PINS), and UiPath Inc(NYSE:PATH), and sells included Pinduoduo Inc(NASDAQ:PDD).","news_type":1},"isVote":1,"tweetType":1,"viewCount":155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805641381,"gmtCreate":1627878978443,"gmtModify":1703497064749,"author":{"id":"4090981439099540","authorId":"4090981439099540","name":"JennyTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090981439099540","authorIdStr":"4090981439099540"},"themes":[],"htmlText":"Like please thanks&nbsp;","listText":"Like please thanks&nbsp;","text":"Like please thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/805641381","repostId":"1168465097","repostType":4,"repost":{"id":"1168465097","pubTimestamp":1627874101,"share":"https://ttm.financial/m/news/1168465097?lang=&edition=fundamental","pubTime":"2021-08-02 11:15","market":"us","language":"en","title":"The stock market's biggest driver of gains is on pace for its fastest growth since 2009","url":"https://stock-news.laohu8.com/highlight/detail?id=1168465097","media":"Business Insider","summary":"Profit growth - which has historically been the biggest driver of stock-market returns - is seeing i","content":"<ul>\n <li><b>Profit growth - which has historically been the biggest driver of stock-market returns - is seeing its fastest rise since 2009.</b></li>\n <li><b>The blended earnings growth rate for the second quarter stands at 85%, according to FactSet.</b></li>\n <li><b>Earnings results are surpassing analyst estimates, with 88% of companies reporting positive earnings and revenue beats.</b></li>\n</ul>\n<p>Corporate earnings growth, which has historically been the main driver of stock market returns, is growing at its fastest pace since 2009, according to data compiled by&nbsp;FactSet.</p>\n<p>With more than half of the&nbsp;S&amp;P 500&nbsp;having already reported second quarter earnings, year-over-year profit growth stands at 85%, well ahead of analyst estimates for earnings growth of 63%. And of the companies that have reported earnings so far, 88% have beaten both revenue and profit estimates.</p>\n<p>The above-average earnings growth rates are due to both higher earnings for 2021 and an easier comparison relative to weaker earnings in 2020 due to the COVID-19 pandemic. In the fourth quarter of 2009, S&amp;P 500 earnings grew 109%.</p>\n<p>The strong earnings results have led Wall Street analysts to revise higher their earnings estimates for the third quarter, though at a slower pace relative to the past quarter, according to FactSet analyst John Butters. The Q3 bottom-up S&amp;P 500 EPS estimate increased by 3.6% to $49.22 from $47.50 in the month of July, according to Butters.</p>\n<p>\"The third quarter marked the fifth straight quarter in which the bottom-up EPS estimate increased during the first month of the quarter, which is the longest streak since FactSet began tracking this metric in 2002,\" Butters said.</p>\n<p>Sectors driving the increase in earnings estimates include Energy and Materials, while the Consumer Staples sector recorded a decline in analyst estimates for next quarter.</p>\n<p>Companies driving large earnings beats this quarter included&nbsp;Alphabet,Apple, and&nbsp;Microsoft, while&nbsp;Amazon reported a mixed quarter&nbsp;that led to a 7% decline in its stock price on Friday.</p>\n<p>Looking forward, 19 S&amp;P 500 companies have issued negative earnings guidance for the third quarter, while 29 companies have issued positive earnings guidance.</p>\n<p>The S&amp;P 500 currently trades at a 12-month forward price-to-earnings ratio of 21.2x, which is lower than its recent reading of about 22x, but higher than its five an ten-year average of 18.1x and 16.2x, respectively, according to FactSet.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/404e7c2ecc6bf49bbd08300d5f5a8fc0\" tg-width=\"790\" tg-height=\"452\" width=\"100%\" height=\"auto\"><span>FactSet</span></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>The stock market's biggest driver of gains is on pace for its fastest growth since 2009</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\">\nThe stock market's biggest driver of gains is on pace for its fastest growth since 2009\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-02 11:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-profits-fastest-growth-since-2009-earnings-2021-7><strong>Business Insider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Profit growth - which has historically been the biggest driver of stock-market returns - is seeing its fastest rise since 2009.\nThe blended earnings growth rate for the second quarter stands at 85%, ...</p>\n\n<a href=\"https://markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-profits-fastest-growth-since-2009-earnings-2021-7\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-profits-fastest-growth-since-2009-earnings-2021-7","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168465097","content_text":"Profit growth - which has historically been the biggest driver of stock-market returns - is seeing its fastest rise since 2009.\nThe blended earnings growth rate for the second quarter stands at 85%, according to FactSet.\nEarnings results are surpassing analyst estimates, with 88% of companies reporting positive earnings and revenue beats.\n\nCorporate earnings growth, which has historically been the main driver of stock market returns, is growing at its fastest pace since 2009, according to data compiled by FactSet.\nWith more than half of the S&P 500 having already reported second quarter earnings, year-over-year profit growth stands at 85%, well ahead of analyst estimates for earnings growth of 63%. And of the companies that have reported earnings so far, 88% have beaten both revenue and profit estimates.\nThe above-average earnings growth rates are due to both higher earnings for 2021 and an easier comparison relative to weaker earnings in 2020 due to the COVID-19 pandemic. In the fourth quarter of 2009, S&P 500 earnings grew 109%.\nThe strong earnings results have led Wall Street analysts to revise higher their earnings estimates for the third quarter, though at a slower pace relative to the past quarter, according to FactSet analyst John Butters. The Q3 bottom-up S&P 500 EPS estimate increased by 3.6% to $49.22 from $47.50 in the month of July, according to Butters.\n\"The third quarter marked the fifth straight quarter in which the bottom-up EPS estimate increased during the first month of the quarter, which is the longest streak since FactSet began tracking this metric in 2002,\" Butters said.\nSectors driving the increase in earnings estimates include Energy and Materials, while the Consumer Staples sector recorded a decline in analyst estimates for next quarter.\nCompanies driving large earnings beats this quarter included Alphabet,Apple, and Microsoft, while Amazon reported a mixed quarter that led to a 7% decline in its stock price on Friday.\nLooking forward, 19 S&P 500 companies have issued negative earnings guidance for the third quarter, while 29 companies have issued positive earnings guidance.\nThe S&P 500 currently trades at a 12-month forward price-to-earnings ratio of 21.2x, which is lower than its recent reading of about 22x, but higher than its five an ten-year average of 18.1x and 16.2x, respectively, according to FactSet.\nFactSet","news_type":1},"isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805640563,"gmtCreate":1627878819252,"gmtModify":1703497060578,"author":{"id":"4090981439099540","authorId":"4090981439099540","name":"JennyTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4090981439099540","authorIdStr":"4090981439099540"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/805640563","repostId":"1125617093","repostType":4,"isVote":1,"tweetType":1,"viewCount":279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}