Rattled investors in Cathie Wood’s Ark should take heart, Bank of America says the bounce has legs

Bank of America said seven stocks in the Ark Innovation ETF have upside potential after holding support within bullish trading cycles. Source link

Cathie Wood’s Ark Invest was busy in drug stocks this week. A review of what she bought and sold:

Cathie Wood’s Ark Innovation ETF is a fan favorite right now and the ETF was busy buying and selling stocks this week. Ark Invest’s flagship fund — Ark Innovation — has raked in about $1.24 billion of inflows in the past seven days, according to FactSet. The ETF is centered around the idea of “disruptive … Read more

How Mike Speiser and Sutter Hill are changing the rules for venture investing

Venture capitalist Mike Speiser had a historic 2020. His firm, Sutter Hill Ventures, turned an initial investment of less than $200 million in Snowflake into a stake worth $12 billion after its IPO in September. Sutter Hill amassed its fortune in the cloud software vendor in a unique way. The typical method of early-stage investing … Read more

Wells Fargo sees a modest overall market rise in 2021, but big gains for these ‘Covid beta’ stocks

Ralph Lauren signage is seen on the window of a store on Prince Street in New York. Michael Nagle | Bloomberg | Getty Images (This story is for CNBC Pro subscribers only.) Wells Fargo only expects marginal gains for the overall market next year, but a handful of stocks are poised for strong outperformance. Source … Read more