Growth stocks rock the world!!! Time to bet on ARKK?
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!
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@TigerStars @MillionaireTiger @CaptainTiger @TigerClub @Tiger_comments @TigerEvents
🌟🌟🌟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
Hard to say. These few months defy the usual analysis and have been driven by Fed's decision and the wars more than anything else, ie the market sentiment. Ark funds are now still far from their peaks, so prices are comparatively cheap. I doubt we will see the peaks returning anytime soon until the Fed cuts rates
收入：9.12億美元，超過8.5566億美元的預期。
破紀錄的流動小時數，總計267億小時，同比增長49%。
Big names worth watching include $Microsoft(MSFT)$ , $Apple(AAPL)$ , $Meta Platforms, Inc.(META)$ , $NVIDIA Corp(NVDA)$
But some may have very high fluctuations like Nvidia which could be tough for those weak at heart
Another option would be $Invesco NASDAQ 100 ETF(QQQM)$
ARK Innovation ETF prices have corrected lately, making it more attractively valued, but there are still plenty of negative forces afoot. ARKK's top holdings lack meaningful profit, making them volatile and difficult to value. Innovation ETF, signaling a lack of confidence in its ability to deliver attractive returns.
$ARK Innovation ETF(ARKK)$
The ARK Innovation ETF (ARKK) was an investor darling during the pandemic which is when the exchange-traded fund blew up and delivered hundreds of percent of returns. The ARK Innovation ETF makes shrewd and concentrated bets on a small number of high-potential companies that have attractive growth prospects. These growth prospects mostly come from new, innovative businesses that create new products and services and they are expected to disrupt their respective industries. Since then, however, a new normality has manifested itself that showed investors the risks of investing into a highly concentrated, thematic investment fund. Recent fund flow data for the ARK Innovation ETF shows that investors are bailing once again on Cathy Wood’s flagship fund. $ARK Innovation ETF(ARKK)$
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