After 9 months, ARKK primary trend is now UP!

$ARK Innovation ETF(ARKK)$ - Proxy for high growth stocksAfter approximately 9 months, primary trend is now UP?

Source from Twitter: Puru Saxena

Source: ark-funds.com

ARKK ETF's top 10 holding are

$Tesla Motors(TSLA)$ ,$Zoom(ZM)$ ,$Roku Inc(ROKU)$ ,$Block(SQ)$ ,$CRISPR Therapeutics AG(CRSP)$ ,$Exact Sciences(EXAS)$ ,$UiPath(PATH)$ ,$Intellia Therapeutics(NTLA)$ ,$Teladoc Health Inc.(TDOC)$ ,$Beam Therapeutics, Inc.(BEAM)$ .

 $Tesla Motors(TSLA)$ earnings grows revenue 42% in Q2

$Zoom(ZM)$ ‘ Earnings are due at the end of August and the same stagnating trend is expected with Q2 predictions of$1.12 billion in revenue, up 9.28% from a year ago.

$Roku Inc(ROKU)$  missed estimates for both revenue and earnings. Moreover, Roku lowered its guidance for Q3 with a massive 22% cut.

$CRISPR Therapeutics AG(CRSP)$ reported ($2.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.91) by ($0.41).

$Exact Sciences(EXAS)$ on Tuesday reported a loss of $166.1 million in its second quarter.

  • $UiPath(PATH)$ reported a strong FQ1 with revenue growing 32% yoy and beat expectations by $20 million.
  • $Teladoc Health Inc.(TDOC)$ posted adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) of $46.7 million, down from $66.8 million a year before, while analysts were expecting $45.3 million.

    Block is scheduled to announce Q2 earnings results on August 4th, after market close,The consensus EPS Estimate is $0.16(-75.7% Y/Y) and the consensus Revenue Estimate is $4.33B (-7.4% Y/Y).

  • Intellia Therapeutics (NASDAQ:NTLA) is scheduled to announce Q2 earnings results on Thursday, August 4th, after market close. The consensusEPS Estimate is -$1.30(-28.7% Y/Y) and the consensus Revenue Estimate is $9.5M (+45.0% Y/Y).
  • Some other observer:

    $ARKK huge spike in PUT volumes today (8/3). PUT/CALL ratio at 2.2, Seems not a high ratio yet.

    # US Stocks Opportunities

    Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

    Report

    Comment1

    • Top
    • Latest
    • jeffry09
      ·2022-08-05
      Thanks for your sharing.Like.I don't want to buy ROKU.
      Reply
      Report
    • Hktee
      ·2022-08-05
      Like and comment :)
      Reply
      Report
    • XantheJuliana
      ·2022-08-05
      ZM has a good performance.
      Reply
      Report
    • HRHJMM
      ·2022-08-05
      No other way from rock bottom.
      Reply
      Report
    • JC888
      ·2022-08-05
      Will it take another 9 months for ARK funds to break even is it? No telling ya?
      Reply
      Report
    • YeddaJohnson
      ·2022-08-05
      ARKK has a great potential.
      Reply
      Report
    • YvetteGunther
      ·2022-08-05
      I think ARKK is worth buying now.
      Reply
      Report
    • 88wlam88
      ·2022-08-04
      At last, the time has come ?
      Reply
      Report
    • Kelvin9899
      ·2022-08-05
      好的
      Reply
      Report
    • koolgal
      ·2022-08-06
      Thanks for sharing your insights and knowledge
      Reply
      Report
    • YJ13
      ·2022-11-19
      good
      Reply
      Report
    • CSNeo
      ·2022-08-07
      [害羞]
      Reply
      Report
    • CSNeo
      ·2022-08-07
      [财迷]
      Reply
      Report
    • Jasonxy
      ·2022-08-06
      Nice!
      Reply
      Report
    • elroykoh
      ·2022-08-06
      k
      Reply
      Report
    • Xiannnn
      ·2022-08-06
      Aww
      Reply
      Report
    • Eeeche
      ·2022-08-06
      Nice
      Reply
      Report
    • Trax
      ·2022-08-06
      Yeah
      Reply
      Report
    • Limyuan
      ·2022-08-06
      ..
      Reply
      Report
    • Eos168
      ·2022-08-06
      [Cool]
      Reply
      Report