Cathie Wood's ARK Innovation Just Had Its Best Week Ever, These Huge Winners
Last week, the S&P 500, Dow Jones and Nasdaq had their best gains of 2023. But the Ark Innovation ETF had its best week ever, up 18.6%.
Cathie Wood's Ark Innovation ETF (ARKK) has a history of consistently outperforming the broader market, regardless of whether the market is trending upward or downward. In the previous week, major indices like the S&P 500, Dow Jones, and Nasdaq (NDAQ) experienced their most significant gains of the year in 2023. However, the Ark Innovation ETF delivered its most remarkable performance ever, with an impressive increase of 18.6%.
This extraordinary performance can be attributed to substantial movements in some of its key holdings. For instance, Verve Therapeutics (VERV) saw a substantial weekly gain of 76% due to an expanded partnership with Eli Lilly (LLY). It's important to note that Verve Therapeutics represents a relatively small portion of the ARKK portfolio. Furthermore, Roku stock, now the top holding within ARKK, experienced a substantial surge of 50.4% in the past week, driven by strong earnings results from Roku (ROKU).
Other significant components within ARKK, such as Coinbase (COIN), Block (the parent company of Square) (SQ), DraftKings (DKNG), Crispr Therapeutics (CRSP), Shopify (SHOP), Intellia Therapeutics (NTLA), Beam Therapeutics (BEAM), Gingko Bioworks (DNA), and Palantir Technologies (PLTR), all posted impressive gains of more than 20%.
Much like Roku, these mentioned stocks experienced significant rallies driven by factors such as robust earnings reports, favorable news like FDA advancements or new partnerships, and positive developments within their competitive landscapes.
Notably, several of these stocks, including Roku, DraftKings, Shopify, and PLTR, generated strong buy signals in the past week, with Coinbase (COIN) stock being particularly close to a favorable entry point.
Tesla (TSLA), which has close ties to Cathie Wood and ARKK, had a successful week, recording a 6.1% increase in its value.
After Roku reported Q3 losses exceeding expectations on November 1st, the stock surged, driven by strong EBITDA, revenue, and new user metrics.
Coinbase offered cryptocurrency futures to eligible U.S. retail customers and reported Q3 performance, achieving nearly breakeven results and a 14% revenue increase.
Block (Square's parent company) reported Q3 earnings, providing bullish 2024 EBITDA guidance, resulting in a sharp stock price increase.
DraftKings posted Q3 losses below expectations but showed a 57% revenue increase and user growth.
Cathie Wood's gene-editing stocks, including Crispr Therapeutics, Verve Therapeutics, Beam Therapeutics, Intellia Therapeutics, and Gingko Bioworks, saw significant gains.
Shopify beat earnings expectations, pushing its stock price higher.
Palantir Technologies reported Q3 earnings of 7 cents per share, an improvement over the previous year, and exceeded revenue expectations.
Cathie Wood made trades in her Ark Invest funds, including selling some DraftKings stock and increasing positions in gene-editing stocks.
Please note that stock prices and trading conditions mentioned are based on the provided data and may have changed since the information was reported.
$(ARKK)$ $(ARKF)$ $(ARKG)$ $(LLY)$ $(ROKU)$ $(COIN)$ $(SQ)$ $(PLTR)$ $(DKNG)$
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凯西·伍德（Cathie Wood）的方舟创新ETF（ARKK）的上涨和下跌速度通常超过整体市场。上周，标准普尔500指数、道琼斯指数和纳斯达克指数创下了2023年的最佳涨幅。但方舟创新ETF经历了有史以来最好的一周，上涨了18.6%。
信贷关键组成部分之间的大规模变动。$神韵治疗公司（VERV）$（VERV），在扩大$礼来公司（LLY）$（LLY）合作伙伴关系的基础上，每周增长76%。VERV股票是ARKK持有的相对较小的股票。由于Roku（Roku）强劲的收益结果，Roku股票，现在是ARKK的头号持股，上周飙升了50.4%。
比特币基地（COIN）、Square-parent$Block（SQ）$（SQ）、DraftKings（DKNG）、Crispr Therapeutics（CRSP）、$Shopify（商店）$（商店）、$Intellia Therapeutics（NTLA）$（NTLA）、Beam Therapeutics（Beam）、Gingko Bioworks（DNA）和Palantir Technologies（PLTR）的涨幅均超过20%。