Latest news with #ARKInvest
Yahoo
3 days ago
- Business
- Yahoo
Cathie Wood's ARK Adds 125K COMPASS Pathways plc (CMPS) Shares
COMPASS Pathways plc (NASDAQ:CMPS) is among the . ARK Invest's ETFs, led by Cathie Wood, disclosed their daily trades on Thursday with the purchase of 125,491 shares of COMPASS Pathways plc (NASDAQ:CMPS), worth around $424,159. This transaction adds to the consistent buys in CMPS in the last few days, implying confidence in the company's prospects. Just recently, COMPASS Pathways plc (NASDAQ:CMPS) announced the success of its Phase 3 COMP005 trial for COMP360 in meeting its primary endpoint in patients with treatment-resistant depression. As the results outlined, even a single dose of 25 mg COMP360 led to a statistically significant reduction in symptom severity in contrast to placebo at week 6. A patient undergoing psilocybin therapy in a modern clinic, showing the cutting-edge mental health treatment. The company's future looks equally promising, with the management working to discuss the preliminary COMP005 data with the U.S. Food and Drug Administration. Although there is no update regarding the review of the results yet, COMPASS Pathways plc (NASDAQ:CMPS) expects to reveal 26-week data for COMP005, after the participants have passed the initial stage, by the end of 2026. COMPASS Pathways plc (NASDAQ:CMPS) is a London-based biotechnology company that specializes in mental health across the United States and the UK. Founded in 2020, the company is committed to making evidence-based innovation in mental health accessible to all. While we acknowledge the potential of CMPS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . While we acknowledge the potential of CMPS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CMPS and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Automotive
- Yahoo
TSLA: Cathie Wood Doubles Down on Tesla Ahead of Q2 Results
Tesla (NASDAQ:TSLA) shares climbed about 3% on Wednesday morning. The uptick followed ARK Invest's latest purchase of 115,400 Tesla shares across its ARK Innovation ETF (ARKK) and its Next Generation Internet ETF. Warning! GuruFocus has detected 4 Warning Signs with NVDA. The buys mark ARK's third Tesla acquisition this month, as Cathie Wood's firm continues to load up ahead of the electric?car maker's Q2 results due July 23. FactSet consensus calls for second?quarter EPS of $0.39, down from $0.52 a year earlier, and vehicle deliveries of 384,000, a drop of roughly 14% year?over?year. Analyst Ben Kallo of Baird flagged two areas to watch: demand for Tesla's more affordable models and potential margin erosion in its energy segment from tariff pressures. He projects EPS near $0.41 and rates the stock Hold with a $320 target, noting that upside hinges on whether Tesla can defy these headwinds. Recent activity by ARK supports its long-term thesis that Tesla will command EVs, energy storage and autonomous transport in the future. TSLA is about 23% down on the year so far but the current position presents a good opportunity to buy the stock in case the company exceeds the tepid expectations next week. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
Cathie Wood sells $14.3M in surging crypto stocks to buy Tesla
Cathie Wood sells $14.3M in surging crypto stocks to buy Tesla originally appeared on TheStreet. ARK Invest, the investment firm led by CEO Cathie Wood, last week unloaded crypto-focused shares worth $14.3 million to acquire $18.7 million in Tesla (Nasdaq: TSLA) stocks. ARK Invest sold 16,627 Coinbase (Nasdaq: COIN) shares worth $6.47 million from its Innovation ETF (ARKK) on July 10. It sold 5,596 COIN shares worth $2.17 million from its Next Generation Internet ETF (ARKW) on July 11. Coinbase is the largest crypto exchange in the U.S. which went public in April 2021. COIN, which entered the S&P 500 club in May, reached an all-time high (ATH) of $395.5 on July 11 as Wood's firm kept unloading its shares. The investment firm also unloaded 58,504 Robinhood (Nasdaq: HOOD) shares worth $5.7 million from ARKK on July 10. Robinhood is a platform that offers stock and crypto trading, which went public in November 2021. Though its recent launch of tokenized stocks received severe backlash from companies like OpenAI, the excitement around the new suite of products helped the stock reach a record high of $101.50 on July also praised Robinhood for launching tokenized stocks that allow 24/7 and fractionalized trading. But the veteran fund manager was quick to dispose of both COIN and HOOD as they surged to new highs. Instead, ARK Invest acquired Tesla shares worth $187.7 million on July 11 as the Elon Musk-led electric vehicle (EV) company announced it's coming to India soon. The investment firm bought 45,761 TSLA shares worth $14.3 million for ARKK and 13,944 TSLA worth $4.3 million for ARKW on July 11. Recently, Tesla was also at the center of the public feud between Musk and President Donald Trump that sent the stock tumbling. The president had alleged that the tech tycoon was critical of the "big, beautiful bill" because the administration was going to terminate the EV per BitcoinTreasuries, Tesla is the eighth-largest public corporate holder of Bitcoin. Bitcoin hit the record high of $123,091.61 on July 14 and is trading at $121,900.46 at press time, as per Kraken's price feed. So, Tesla's BTC holdings of 11,509 coins are worth $1.4 billion at the time of writing. Wood herself is a strong Bitcoin advocate who earlier predicted that the king coin could surpass $1.5 million in value. Cathie Wood sells $14.3M in surging crypto stocks to buy Tesla first appeared on TheStreet on Jul 14, 2025 This story was originally reported by TheStreet on Jul 14, 2025, where it first appeared.
Yahoo
6 days ago
- Business
- Yahoo
1 Top Cryptocurrency to Buy Before It Soars 3,260%, According to Cathie Wood of ARK Invest
Cathie Wood, CEO of ARK Invest, predicts Bitcoin could reach $3.8 million by 2030, driven by institutional and corporate adoption. The trend of corporations adopting Bitcoin as a reserve asset is growing, led by Strategy, GameStop, and Trump Media. 10 stocks we like better than Bitcoin › Cathie Wood, the head of the technology-focused investment firm ARK Invest, doesn't shy away from making big bets and bold predictions. She is a vocal backer of Tesla, making it clear that she sees its robotaxi and robotics businesses changing the world -- and making trillions of dollars doing it. Her predictions in the crypto market are just as bold, none more so than her Bitcoin (CRYPTO: BTC) price target. Wood is a huge proponent of the digital coin -- and crypto more generally -- and was one of the more influential figures in getting spot Bitcoin exchange-traded funds approved. During that process, she said that her firm believed that the token could be worth as much as $1.5 million by the end of the decade. (Her base-case target was $600,000, still not a bad return.) More recently, she said that she believes that the upper target could be as high as $3.8 million by 2030. That's a roughly 3,260% return from today's price and represents a more than a 100% annual return. The upper boundary of her prediction is substantial, to say the least. So, where does she see this price appreciation coming from? There are a few catalysts, but her main argument is that increased institutional adoption will drive the bulk of it. Her math is reasonably simple: If institutional investors allocate, on average, 5% of their portfolios, it would be enough for Bitcoin to reach those enormous heights. That may not seem like much, but 5% of all institutional money is a huge amount of capital, and it represents a significant uptick from where we are now. While it's true we are trending in that direction, there is a long way to go. An interesting trend lately has been the corporate adoption of Bitcoin as a reserve asset. This was pioneered by Michael Saylor and his aptly named Strategy (formerly MicroStrategy). The company has pursued an extremely aggressive purchasing program and now sits on 592,100 bitcoins, valued at almost $70 billion. Other high-profile names have since followed suit, including GameStop and Trump Media & Technology Group. Strategy's strategy is a bold one, to say the least. The company's core software business has been delivering consistent losses for some time. It is using a mix of debt and private sales of preferred shares to finance its huge buying spree. Its most recent sale of nearly $1 billion in preferred stock (which comes with a 10% dividend) will cost the company roughly $100 million a year. That's a big expense considering its total revenue for 2024 was just $463 million. Remember: It's already operating at a loss. I am not a fan of the tactic, and I would not recommend investing in Strategy or companies like it that are relying on buying the crypto as their core business model. I think it's reckless. Still, these companies may be an extreme vanguard. We could soon see public companies choose to hold more-modest amounts of Bitcoin as a treasury asset. Cathie Wood's predictions for Bitcoin's upside are certainly headline-grabbing. Investors would do well to take them -- and others like them -- with a pretty hefty grain of salt. There's no denying the upside potential if widespread institutional and corporate adoption accelerates. However, the reality is that most of the larger institutions (where the lion's share of all capital is managed) will remain cautious, and aggressive corporate balance-sheet allocation from public companies is likely to remain a relatively niche strategy on the whole. Still, I think Bitcoin will continue to grow, just not at the pace Wood suggests. Investors who are nearing retirement may want to avoid crypto altogether, but for most investors, Bitcoin is a solid addition to a well-diversified portfolio. Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $671,477!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,010,880!* Now, it's worth noting Stock Advisor's total average return is 1,047% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of July 7, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin and Tesla. The Motley Fool has a disclosure policy. 1 Top Cryptocurrency to Buy Before It Soars 3,260%, According to Cathie Wood of ARK Invest was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Asia Morning Briefing: How Will Coinbase Rebrand Its Wallet?
Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. Rest in Peace, Coinbase Wallet. No, the app itself isn't going away, but it is getting a new name. On its X profile, its name is crossed out and replaced with a 'TBA' and a few question marks. "There's plenty of speculation about what it means, but I'm leaning toward 'The Base App.' That would fit the idea of Base unveiling a range of in-app experiences directly inside its wallet," Bradley Park, a Seoul-based analyst with DNTV Research, told CoinDesk in an interview. Base Creator Jesse Pollak was tapped to lead Coinbase's Wallet team last October, which lends credence to Park's theory. In an interview on the sidelines of Devcon in Bangkok last year, Pollak played up the decentralization of Base. It could be that the wallet is due for a rebrand to highlight its decentralized nature and distance from Coinbase itself. It's not the first time Coinbase has re-branded its wallet. Originally it was launched as 'Toshi', and in 2018 that name was dropped in favor of Coinbase Wallet. ARK Invest CEO Cathie Wood says Ethereum is 'proposing the right moves for scalability and privacy to maintain its lead in the institutional world,' as the Ethereum Foundation unveils a roadmap to bring zero-knowledge proofs (ZKPs) directly to its base layer. While Wood acknowledged she does not grasp all the technical details, her endorsement highlights growing institutional confidence in Ethereum's long-term vision. The proposed upgrade would let validators verify cryptographic proofs of block validity rather than re-executing each transaction, dramatically reducing computational overhead. These proofs would be generated by block builders or third-party zk-prover networks and verified in under 10 seconds, using hardware that costs less than $100,000 and consumes no more than 10 kilowatts of power. The plan would boost network throughput and decentralization, but comes with tradeoffs. Shifting the burden of computation from validators to provers could introduce liveness risks if those provers go offline or collude. The Ethereum Foundation aims to mitigate these risks through prover diversity, protocol hardening, and eventually enabling at-home participants to contribute to proving. If successful, this would make Ethereum the first major blockchain to integrate ZKPs at the protocol layer, reinforcing its position as the dominant infrastructure for both decentralized applications and institutional adoption. Combined with cheaper data availability via blobs and advances in zk-rollups, Ethereum is positioning itself as the chain most ready for scale. BTC: Bitcoin rallied 1% to nearly $119K over the weekend amid triple-normal trading volumes, while BlackRock's IBIT crossed $80 billion in crypto assets under management, signaling strong institutional demand despite a late-session profit-taking reversal. ETH: Ethereum surged past $3,000 for the first time since February, rising 3% amid record institutional inflows and heightened trading volumes that signaled strong bullish momentum. Gold: Gold climbed to $3,371 as central banks continue their historic accumulation spree, over 1,000 tonnes annually since 2022, fueling a bullish breakout above key technical levels and setting sights on $3,578 and beyond. Nikkei 225: Asia-Pacific markets opened lower Monday as investors reacted to President Trump's surprise weekend announcement of 30% tariffs on the EU and Mexico starting August 1, with Japan's Nikkei 225 falling 0.33%. Chart of the Week: 'Hyperbitcoinization' May Not Be Just Maximalist Fantasy Anymore (CoinDesk) State of Crypto: Previewing Congress' 'Crypto Week' (CoinDesk) Coinbase hires pseudonymous poster AlexOnchain as first 'Crypto Twitter lead' in bid to expand social media presence (The Block) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
