Latest news with #ARKK
Yahoo
15-07-2025
- Automotive
- Yahoo
Cathie Wood Is Buying Tesla Stock Here. Should You?
Tesla (TSLA) is seeing a chronic sales decline this year amidst rising competition from the likes of BYD (BYDDY), but this has not deterred influential investor Cathie Wood. The founder and chief executive of Ark Invest loaded up on nearly 60,000 TSLA shares late last week across two of her flagship funds: the ARK Innovation ETF (ARKK) and the ARK Next Generation Internet ETF (ARKW). Palantir Just Launched Warp Speed for Warships. Does That Make PLTR Stock a Buy? This Analyst Just Doubled His Price Target on AMD Stock How High Can Nvidia Stock Go as Jensen Huang Heads to China? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. At the time of writing, Tesla stock is down more than 13% down versus its three-month high. Cathie Wood investing more than $18 million in TSLA shares last week is notably positive for investors as it signals strong conviction in the company's long-term potential. Wood is bullish on the EV stock primarily because she sees transformative potential in its robotaxi and humanoid robot initiatives. According to her, autonomous services will drive up to 90% of the automaker's future value, with software-like margins exceeding 80%. Wood even has a long-term price target of $2,600 on Tesla stock, indicating relentless confidence in its innovation pipeline, including affordable EVs and artificial intelligence enabled mobility. Despite the company's launch of robotaxi services and progress on humanoid robots, UBS analyst Joseph Spak does not share Wood's optimism on Tesla stock. On Monday, Spak reiterated his 'Sell' rating on the EV stock, citing valuation concerns. TSLA has a forward price-earnings multiple of more than 230x currently – much higher than several top AI stocks, including Nvidia (NVDA), which trades at 41x forward earnings. Additionally, the investment firm cited the 'removal of 100% margin credit revenue, and a CEO who's arguably distracted from the business,' for its bearish view on Tesla stock. UBS currently has a $215 price target on Tesla that translates to potential downside of more than 30% from current levels. Other Wall Street analysts also remain dovish on TSLA shares – especially since the EV company reported a 14% year-over-year decline in quarterly deliveries in the first week of July. The consensus rating on Tesla stock currently sits at 'Hold' only with the mean target of $297 implying 5% downside from here. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Business Insider
14-07-2025
- Business
- Business Insider
Cathie Wood Pours $18.5M into Tesla Stock, Trims ACHR, Roku, and COIN Stocks
Popular investor Cathie Wood's ARK Invest made key portfolio moves on Friday, July 11, with electric vehicle giant Tesla (TSLA) leading the day's buys. At the same time, Wood continued to offload shares of electric aircraft maker Archer Aviation (ACHR), streaming platform Roku (ROKU), and cryptocurrency exchange Coinbase (COIN). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Wood Loads Up on Tesla Stock As per the daily trade disclosures, ARK added a total of 59,705 Tesla shares across its ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW), amounting to a hefty $18.5 million investment. The buy highlights Wood's continued conviction in Tesla as a core long-term holding, especially amid growing interest in AI-powered autonomous vehicles. In another notable buy, the ARK Autonomous Technology & Robotics ETF (ARKQ), the firm's ETF focused on autonomous tech and robotics, made a sizable addition of 425,933 shares of Aurora Innovation (AUR), valued at $2.29 million. Aurora is a key player in the self-driving technology space. Is Tesla Stock a Buy or Sell Now? Overall, Wall Street is sidelined on Tesla stock, with a Hold consensus rating based on 14 Buys, 13 Holds, and nine Sell recommendations. The average TSLA stock price target of $295.80 indicates 5.65% downside risk from current levels. ARK Trims Stakes in Archer, Roku, and Coinbase On the sell side, ARK reduced its position in electric aircraft maker Archer Aviation (ACHR), selling 168,990 shares for roughly $1.82 million from ARKK. Meanwhile, the firm continued to trim its position in Roku and Coinbase stocks. On Friday, ARK sold 42,332 shares of ROKU worth $3.82 million across ARKK and ARKW ETFs. It also trimmed its Coinbase stake once again, offloading 5,596 shares for $2.17 million through the ARKW ETF. The transaction follows a larger sale of 16,627 shares on July 10, as ARK continued to scale back its position in the cryptocurrency exchange amid recent market volatility. Wall Street's Take on ACHR, ROKU, and COIN Turning to Wall Street, Archer stock scores a Moderate Buy consensus rating, with the average ACHR stock price target of $11.75 indicating an 11.80% possible decline from current levels. Coinbase also carries a Moderate Buy rating, with analysts' average COIN stock price target of $307.71 implying a possible 20.50% decline. In contrast, Roku shares have a Moderate Buy rating as well, but with an average ROKU stock price target of $93.79 that points to a potential upside of 5.39%.
Yahoo
13-07-2025
- Business
- Yahoo
Cathie Wood buys $18.7 million of troubled megacap tech stock
Cathie Wood buys $18.7 million of troubled megacap tech stock originally appeared on TheStreet. Cathie Wood doesn't easily walk away from the companies she believes in. The Ark Invest founder has a habit of sticking with tech stocks she sees as shaping the future. Even when these names face controversy, Wood often leans in rather than pulling back. This is what she just did, adding to a high-profile tech stock that's been under pressure, caught in headlines and market swings. Wood's funds have experienced a volatile ride this year, swinging from sharp losses to strong gains. 💰💸 💰💸 In January and February, the Ark funds rallied as investors bet on the Trump administration's potential deregulation that could benefit Wood's tech bets. But the momentum hit a wall in March and April, with the funds trailing the market as top holdings slid amid growing concerns over the macroeconomy and trade policies. Now, the fund is regaining momentum. As of July 11, the flagship Ark Innovation ETF () is up 25.5% year-to-date, far outpacing the S&P 500's 6.4% gain. Wood's remarkable return of 153% in 2020 helped build her reputation and attract loyal investors. Her strategy can lead to sharp gains during bull markets but also painful losses, like in 2022, when ARKK dropped more than 60%. As of July 11, Ark Innovation ETF, with $6.8 billion under management, has delivered a five-year annualized return of negative 1.7%. The S&P 500 has an annualized return of 16.2% over the same period. Wood's investment strategy is straightforward: Her Ark ETFs typically buy shares in emerging high-tech companies in fields such as artificial intelligence, blockchain, biomedical technology, and robotics. According to Wood, these companies have the potential to reshape industries, but their volatility leads to major fluctuations in Ark funds' Ark Innovation ETF wiped out $7 billion in investor wealth over the 10 years ending in 2024, according to an analysis by Morningstar's analyst Amy Arnott. That made it the third-biggest wealth destroyer among mutual funds and ETFs in Arnott's ranking. Wood recently said the U.S. is coming out of a three-year 'rolling recession' and heading into a productivity-led recovery that could trigger a broader bull market. In a letter to investors published in late April, she dismissed predictions of a recession dragging into 2026 and struck an optimistic tone for tech stocks. "During the current turbulent transition in the U.S., we think consumers and businesses are likely to accelerate the shift to technologically enabled innovation platforms including artificial intelligence, robotics, energy storage, blockchain technology, and multiomics sequencing," she said. But not all investors share this optimism. Over the past 12 months through July 10, the Ark Innovation ETF saw nearly $2 billion in net outflows, according to ETF research firm VettaFi. On July 11, Wood's Ark funds bought 59,705 shares of Tesla Inc. () . That chunk of stocks is worth roughly $18.7 million. Wood has been a longtime supporter of Tesla and still believes in the stock, even after a sharp drop following CEO Elon Musk's recent announcement about launching a new political sales have dropped in key markets like Europe and China, as Musk faced political pushback and alienated some car buyers in key markets. 'We've been dealing with controversy around Elon Musk in one form or another since we first bought the stock,' Wood said in a recent interview with Bloomberg. 'We do trust the board and the board's instincts here and we stay out of politics.' She also noted that Musk seems more focused on the business again, especially after he decided to take charge of sales in the U.S. and Europe. 'One of the announcements Elon made recently is that he is going to oversee sales in the U.S. and in Europe,' Wood said. 'When he puts his mind on something, he usually gets the job done. So I think he's much less distracted now than he was, let's say, in the White House 24/7.' Meanwhile, Tesla is entering the India market, with its first showroom in Mumbai next week. Tesla will need to pay about 70% import duty fees, as it does not want to produce cars in India, according to Reuters. More Tesla: Tesla robotaxi launch hits major speed bump Tesla claims rival startup is built on stolen trade secrets 10,000 people join Tesla class action lawsuit over key issue Back in March, Wood predicted Tesla's stock would reach $2,600 in five years, which is nearly nine times higher than where it trades now. Much of the optimism is driven by the company's highly anticipated Robotaxi, which Wood believes will account for 90% of the company's value over time. Tesla has long been Wood's top holding, accounting for 9.26% of the Ark Innovation ETF. The stock is down more than 22% year-to-date, the worst among the Magnificent 7 Wood buys $18.7 million of troubled megacap tech stock first appeared on TheStreet on Jul 12, 2025 This story was originally reported by TheStreet on Jul 12, 2025, where it first appeared.
Yahoo
12-07-2025
- Business
- Yahoo
Cathie Wood buys $18.7 million of troubled megacap tech stock
Cathie Wood buys $18.7 million of troubled megacap tech stock originally appeared on TheStreet. Cathie Wood doesn't easily walk away from the companies she believes in. The Ark Invest founder has a habit of sticking with tech stocks she sees as shaping the future. Even when these names face controversy, Wood often leans in rather than pulling back. This is what she just did, adding to a high-profile tech stock that's been under pressure, caught in headlines and market swings. Wood's funds have experienced a volatile ride this year, swinging from sharp losses to strong gains. 💰💸 💰💸 In January and February, the Ark funds rallied as investors bet on the Trump administration's potential deregulation that could benefit Wood's tech bets. But the momentum hit a wall in March and April, with the funds trailing the market as top holdings slid amid growing concerns over the macroeconomy and trade policies. Now, the fund is regaining momentum. As of July 11, the flagship Ark Innovation ETF () is up 25.5% year-to-date, far outpacing the S&P 500's 6.4% gain. Wood's remarkable return of 153% in 2020 helped build her reputation and attract loyal investors. Her strategy can lead to sharp gains during bull markets but also painful losses, like in 2022, when ARKK dropped more than 60%. As of July 11, Ark Innovation ETF, with $6.8 billion under management, has delivered a five-year annualized return of negative 1.7%. The S&P 500 has an annualized return of 16.2% over the same period. Wood's investment strategy is straightforward: Her Ark ETFs typically buy shares in emerging high-tech companies in fields such as artificial intelligence, blockchain, biomedical technology, and robotics. According to Wood, these companies have the potential to reshape industries, but their volatility leads to major fluctuations in Ark funds' Ark Innovation ETF wiped out $7 billion in investor wealth over the 10 years ending in 2024, according to an analysis by Morningstar's analyst Amy Arnott. That made it the third-biggest wealth destroyer among mutual funds and ETFs in Arnott's ranking. Wood recently said the U.S. is coming out of a three-year 'rolling recession' and heading into a productivity-led recovery that could trigger a broader bull market. In a letter to investors published in late April, she dismissed predictions of a recession dragging into 2026 and struck an optimistic tone for tech stocks. "During the current turbulent transition in the U.S., we think consumers and businesses are likely to accelerate the shift to technologically enabled innovation platforms including artificial intelligence, robotics, energy storage, blockchain technology, and multiomics sequencing," she said. But not all investors share this optimism. Over the past 12 months through July 10, the Ark Innovation ETF saw nearly $2 billion in net outflows, according to ETF research firm VettaFi. On July 11, Wood's Ark funds bought 59,705 shares of Tesla Inc. () . That chunk of stocks is worth roughly $18.7 million. Wood has been a longtime supporter of Tesla and still believes in the stock, even after a sharp drop following CEO Elon Musk's recent announcement about launching a new political sales have dropped in key markets like Europe and China, as Musk faced political pushback and alienated some car buyers in key markets. 'We've been dealing with controversy around Elon Musk in one form or another since we first bought the stock,' Wood said in a recent interview with Bloomberg. 'We do trust the board and the board's instincts here and we stay out of politics.' She also noted that Musk seems more focused on the business again, especially after he decided to take charge of sales in the U.S. and Europe. 'One of the announcements Elon made recently is that he is going to oversee sales in the U.S. and in Europe,' Wood said. 'When he puts his mind on something, he usually gets the job done. So I think he's much less distracted now than he was, let's say, in the White House 24/7.' Meanwhile, Tesla is entering the India market, with its first showroom in Mumbai next week. Tesla will need to pay about 70% import duty fees, as it does not want to produce cars in India, according to Reuters. More Tesla: Tesla robotaxi launch hits major speed bump Tesla claims rival startup is built on stolen trade secrets 10,000 people join Tesla class action lawsuit over key issue Back in March, Wood predicted Tesla's stock would reach $2,600 in five years, which is nearly nine times higher than where it trades now. Much of the optimism is driven by the company's highly anticipated Robotaxi, which Wood believes will account for 90% of the company's value over time. Tesla has long been Wood's top holding, accounting for 9.26% of the Ark Innovation ETF. The stock is down more than 22% year-to-date, the worst among the Magnificent 7 Wood buys $18.7 million of troubled megacap tech stock first appeared on TheStreet on Jul 12, 2025 This story was originally reported by TheStreet on Jul 12, 2025, where it first appeared.
Miami Herald
12-07-2025
- Business
- Miami Herald
Cathie Wood buys $18.7 million of troubled megacap tech stock
Cathie Wood doesn't easily walk away from the companies she believes in. The Ark Invest founder has a habit of sticking with tech stocks she sees as shaping the future. Even when these names face controversy, Wood often leans in rather than pulling back. This is what she just did, adding to a high-profile tech stock that's been under pressure, caught in headlines and market swings. Wood's funds have experienced a volatile ride this year, swinging from sharp losses to strong gains. Don't miss the move: SIGN UP for TheStreet's FREE Daily newsletter In January and February, the Ark funds rallied as investors bet on the Trump administration's potential deregulation that could benefit Wood's tech bets. But the momentum hit a wall in March and April, with the funds trailing the market as top holdings slid amid growing concerns over the macroeconomy and trade policies. Now, the fund is regaining momentum. As of July 11, the flagship Ark Innovation ETF (ARKK) is up 25.5% year-to-date, far outpacing the S&P 500's 6.4% gain. Wood's remarkable return of 153% in 2020 helped build her reputation and attract loyal investors. Her strategy can lead to sharp gains during bull markets but also painful losses, like in 2022, when ARKK dropped more than 60%. As of July 11, Ark Innovation ETF, with $6.8 billion under management, has delivered a five-year annualized return of negative 1.7%. The S&P 500 has an annualized return of 16.2% over the same period. Wood's investment strategy is straightforward: Her Ark ETFs typically buy shares in emerging high-tech companies in fields such as artificial intelligence, blockchain, biomedical technology, and robotics. According to Wood, these companies have the potential to reshape industries, but their volatility leads to major fluctuations in Ark funds' values. Related: Cathie Wood's net worth: The Ark Invest CEO's wealth & income The Ark Innovation ETF wiped out $7 billion in investor wealth over the 10 years ending in 2024, according to an analysis by Morningstar's analyst Amy Arnott. That made it the third-biggest wealth destroyer among mutual funds and ETFs in Arnott's ranking. Wood recently said the U.S. is coming out of a three-year "rolling recession" and heading into a productivity-led recovery that could trigger a broader bull market. In a letter to investors published in late April, she dismissed predictions of a recession dragging into 2026 and struck an optimistic tone for tech stocks. "During the current turbulent transition in the U.S., we think consumers and businesses are likely to accelerate the shift to technologically enabled innovation platforms including artificial intelligence, robotics, energy storage, blockchain technology, and multiomics sequencing," she said. But not all investors share this optimism. Over the past 12 months through July 10, the Ark Innovation ETF saw nearly $2 billion in net outflows, according to ETF research firm VettaFi. On July 11, Wood's Ark funds bought 59,705 shares of Tesla Inc. (TSLA) . That chunk of stocks is worth roughly $18.7 million. Wood has been a longtime supporter of Tesla and still believes in the stock, even after a sharp drop following CEO Elon Musk's recent announcement about launching a new political party. Related: Jim Cramer drops blunt 6-word message on Nvidia stock Tesla sales have dropped in key markets like Europe and China, as Musk faced political pushback and alienated some car buyers in key markets. "We've been dealing with controversy around Elon Musk in one form or another since we first bought the stock," Wood said in a recent interview with Bloomberg. "We do trust the board and the board's instincts here and we stay out of politics." She also noted that Musk seems more focused on the business again, especially after he decided to take charge of sales in the U.S. and Europe. "One of the announcements Elon made recently is that he is going to oversee sales in the U.S. and in Europe," Wood said. "When he puts his mind on something, he usually gets the job done. So I think he's much less distracted now than he was, let's say, in the White House 24/7." Meanwhile, Tesla is entering the India market, with its first showroom in Mumbai next week. Tesla will need to pay about 70% import duty fees, as it does not want to produce cars in India, according to Reuters. More Tesla: Tesla robotaxi launch hits major speed bumpTesla claims rival startup is built on stolen trade secrets10,000 people join Tesla class action lawsuit over key issue Back in March, Wood predicted Tesla's stock would reach $2,600 in five years, which is nearly nine times higher than where it trades now. Much of the optimism is driven by the company's highly anticipated Robotaxi, which Wood believes will account for 90% of the company's value over time. Tesla has long been Wood's top holding, accounting for 9.26% of the Ark Innovation ETF. The stock is down more than 22% year-to-date, the worst among the Magnificent 7 stocks. Related: Veteran analyst sends bold message on Palantir stock target The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
