Ark’s Cathie Wood scoops up more than $60 million of Nvidia following chipmaker’s revenue warning

Cathie Wood’s Ark Invest scooped up Nvidia shares Monday, buying the dip following the chipmaker’s revenue warnings. The innovation-focused investor added 289,229 shares of Nvidia for her flagship Ark Innovation ETF (ARKK) fund, roughly 47,000 shares in the Ark Next Generation Internet ETF (ARKW) and more than 30,000 shares in the Ark Fintech Innovation ETF … Read more

Tesla, Apple, Snowflake, Ross, Pinterest

Here are Tuesday’s biggest analyst calls biggest calls on Wall Street: BTIG downgrades Snowflake to neutral from buy BTIG downgraded the stock after its field checks indicated slowing growth and rising competition for the cloud company. “We are downgrading SNOW to a Neutral rating from Buy. In short, our most recent field checks are downticked, … Read more

Cathie Wood says growth stocks will outperform as bear market ends, adds to streaming play Friday

Ark Invest’s Cathie Wood said growth stocks should soon take the leadership in the market as the downturn runs its course. “Typically growth stocks will outperform as we move towards the end of a bear market and of a recession because they are the new leadership,” Wood said on CNBC’s “The Tech Trade Special” Friday. … Read more

Bausch Health, Meta, Comcast, Qualcomm and more

In this photo illustration, a silhouetted woman holds a smartphone with the Meta Platforms, Inc. logo displayed on the screen. Rafael Henrique | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Bausch Health – Trading in the pharmaceutical company’s shares was halted after the stock dipped 50%. A Delaware federal … Read more

Stanley Black & Decker, Southwest Airlines, Harley-Davidson and more

Take a look at some of the biggest movers in the premarket: Spirit Airlines (SAVE) – Spirit shares rose 3.9% in premarket trading after it agreed to be acquired by JetBlue (JBLU) for $33.50 per share in cash. That follows yesterday’s rejection by shareholders of Spirit’s previous deal to merge with Frontier Airlines parent Frontier … Read more

Meta Platforms, Ford, Qualcomm, Teladoc and more

Check out the companies making headlines after the bell: Meta Platforms — Shares of the social media company dipped 3% in extended trading after missing second-quarter estimates on the top and bottom lines. Meta Platforms posted its second back-to-back decline in year-over-year sales and shared disappointing guidance amid a weakening ad environment. Ford Motor — … Read more

Amazon’s deals don’t instill the same fear in rivals as before

June 16, 2017. It’s likely a day many retailers can recall vividly. A sleepy Friday morning was disrupted by the surprising announcement that e-commerce giant Amazon was going to buy organic grocer Whole Foods. The upheaval was immediate. Not only did the news send groceries of grocer Kroger into a tailspin, a broad swath of … Read more

Cathie Wood says deflationary forces could pressure the Fed to make a policy reversal

Ark Invest’s Cathie Wood said Tuesday that the Federal Reserve is making a policy mistake by raising rates aggressively to tame inflation that she believes to be short-lived. “We are getting all kinds of catalysts, a list of them … which should give the Fed a break,” Wood said in an investor webcast on Tuesday. … Read more

ARK Invest’s Cathie Wood says the U.S. is already in a recession

Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Bitcoin 2022 conference in Miami, Florida, US, on Thursday, April 7, 2022. Eva Marie Uzcategui | Bloomberg | Getty Images Ark Invest CEO Cathie Wood said Tuesday that the US is already in an economic downturn, and she admitted that she underestimated … Read more