Cathie Wood

Cathie Wood
ETF
Tesla

Cathie Wood Just Keeps Buying Coinbase and Getting More Inflows

(Bloomberg) — After one of the most dramatic weeks yet for ARK Investment Management, Wall Street can no longer have any doubts: Cathie Wood is sticking with her strategy — and investors are sticking with her. The chances of both have been questioned this year as a selloff in speculative tech stocks laid waste to […]

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Cathie Wood
Fundamentals
Stock Market Bubble

Cliff Asness Takes a Swipe at ARK: ‘We Were Right, You Are Not’

(Bloomberg) — Cliff Asness knows only too well the pain from an extended period of underperformance. Yet that’s not stopping the quant pioneer from taking Cathie Wood’s ARK Investment Management to task for its defense of the firm’s embattled exchange-traded funds. Caught in the sweeping selloff of expensive tech shares, ARK products have been hammered, […]

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Cathie Wood
ETF

Cathie Wood’s Famed Market-Beating Return Is Disappearing

(Bloomberg) — The outsized gain that turned Cathie Wood into one of the world’s most famous proponents of active fund management is quickly evaporating as some of her favorite stock picks tumble. After years of trouncing the market and just days after Wood issued a broadside against passive investing, her flagship ARK Innovation ETF now […]

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Cathie Wood
Elon Musk
Passive Investing

Elon Musk and Cathie Wood Say Passive Investing Has Gone Too Far

(Bloomberg) — Elon Musk and Cathie Wood criticized passive investing in a Twitter thread, weighing in on a controversial and unresolved debate. Their discussion was sparked by venture capitalist Marc Andreessen, who said firms like BlackRock Inc. have outsized voices in many corporations because of the voting power of their stable of passive index trackers. […]

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Cathie Wood
Fed Rate Hikes

Cathie Wood Says Fed Won’t Hike as Much as Market Priced In

(Bloomberg) —The Federal Reserve isn’t going to hike rates as much as markets are currently betting, according to Cathie Wood. The strategies of ARK Investment Management LLC, where Wood is founder and chief executive officer, have struggled recently amid fear of inflation, she said via video to the Seedly Personal Finance Festival in Singapore. The […]

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Cathie Wood
Tesla

Cathie Wood’s Ark Now Sees Tesla Shares More Than Quadrupling

(Bloomberg) — Cathie Wood’s Ark Investment Management now expects Tesla Inc. shares to more than quadruple to $4,600 by 2026. Ark last year said it saw shares of the electric-vehicle maker hitting $3,000 by 2025, but has since updated its price target amid new expectations around Tesla’s prospective robotaxi business and capital efficiency. The firm’s […]

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Cathie Wood
Social Media
Twitter

Cathie Wood Sees Potential for Twitter Shakeup After Musk Takes Stake

(Bloomberg) — Cathie Wood speculated that Elon Musk’s new ownership stake in Twitter Inc. might open the door to a management shakeup at the social media company. Musk is sending a “strong signal” to Twitter chief executive officer Parag Agrawal, Wood, the founder and chief executive officer of Ark Investment Management LLC, said in an […]

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Cathie Wood

Cathie Wood Dumps $142 Million of Twitter Stock Before Earnings

(Bloomberg) — Cathie Wood stepped up selling of social media platform Twitter Inc. shares days before its earnings. Wood’s firm ARK Investment Management LLC sold nearly 4 million Twitter shares on Monday, the most in one day since at least May, according to trading data from ARK compiled by Bloomberg. The social-media company is set […]

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