When markets dip, Cathie Wood, the head of Ark Investment Management, often sees trading opportunities. Last week, she trimmed her position in a major tech giant, selling shares for four straight sessions. Wood’s flagship fund, Ark Innovation ETF (ARKK) , is down 5.95% year-to-date as of March 24, while the Nasdaq Composite and S&P 500 … Read more
It can be tempting to take advantage of slumping stock prices. Sometimes the market goes overboard, pushing a particular stock into bargain territory. At other times, a big decline is just the beginning as the story that underpins a stock begins to unravel. Both Nvidia (NVDA 5.27%) and Tesla (TSLA 3.86%) are getting slammed as … Read more
Three mega-cap names recently announced billions in share repurchase authorizations. Mega-cap generally refers to stock with market capitalizations of $200 billion or more. Below, I’ll detail exactly how large the buyback authorizations these huge firms have approved are. I’ll also include data on how big these buybacks are in relation to the value of the … Read more