Viewed as a victim of the 2021 technology stock market crash, ARK Invest (ARKK) is still in the news almost daily. The actively managed ETF gained around 30% in the last year as of last week. Still, it is down from a recent $54 high.
In the last year, retail investors withdrew (redeemed) around $900 million. What are the ARK Invest stocks that they should copy instead of holding the ETF?
ARK’s holdings include Coinbase (COIN), Roku (ROKU), Block (SQ), and Zoom Video Communications (ZM).
Tesla (TSLA) is a notable holding because the ETF is an early investor in the EV giant. It cut its position as investors dumped the ETF. As prospects for Tesla improved, the ETF bought TSLA stock.
Coinbase is not a cryptocurrency platform stock that investors should buy at this time. The market priced in the SEC approving Bitcoin ETF listings. The “sell on the news” sent COIN stock down by nearly 20% in the last month.
Investors are faithful to Roku’s prospects, thanks to its commanding lead as the platform for streaming.
Block is a fintech to watch. Markets are disregarding a short-sale report that questioned Block’s fundamentals.
Zoom has no moat in the video conferencing space. Microsoft Teams will pressure Zoom into offering something newer than what it has today.