The Director said
The U.S. Stock Intelligence Bureau will update the ARK transaction tracking every business day;
Mainly share the trading details of the day and analyze the recent performance of key stocks;
If ARK has a heavy sudden action, the director will also share it with everyone in time.
Sister Wood is not a god, but ARK is a high performer in the 2020 US fund; I hope that everyone can get a faster and more comprehensive investment dry goods >> at the US Stock Intelligence Agency
ARK Transaction Tracking
Edit: Jling
ARK operated a total of 32 transactions on February 24, the largest buying was to buy about 31,000 shares of Tesla, and the largest transaction involving capital was to sell about 650,000 shares of Tianbao Navigation, cashing out nearly $42.7 million. The number of buy and sell trades was flat on that trading day.
In this buy list, in addition to Tesla, Coinbase Global, which is located in second place, is also worth paying attention to. The cryptocurrency exchange released its fourth-quarter earnings report after hours in U.S. stocks on Thursday.
Earnings data snapshot: Earnings per share (EPS) in Q4 was $3.32, compared to an expected $1.85 (from a survey of analysts by Refiniter, the same below). Revenue was $2.5 billion, compared to an expected $1.94 billion. Net income was $840 million, up from the year-ago quarter ($177 million). Monthly trading users (MTU, an important indicator of operations) recorded 11.4 million, up from 7.4 million in the previous quarter. Q4 trading volume was $547 billion, up from the previous quarter ($327 billion).
In terms of future performance guidance, the company expects MTU and total trading volume in the first quarter of this year to be lower than in the previous period. In terms of reasons, Coinbase attributed the change to lower volatility in cryptocurrency assets and a 20% decline in cryptocurrency market capitalization so far in the quarter, and Coinbase said that the decline in market capitalization was due to macro factors such as geopolitical instability and signals from the Federal Reserve to tighten financial conditions. (See end of the article for more information)
The trading highlights of the day are as follows:
Source: Huasheng Information
The trading highlights of the day are as follows
Buy
1. Buy about 31,000 shares of Tesla (TSLA) at a cost of nearly $23.58 million. The stock closed up 4.81% in the previous session. According to the latest news, According to Reuters quoting two people familiar with the matter, Tesla plans to start construction of a new factory in Shanghai as soon as next month, which is reported to be part of Tesla's plan to more than double its production capacity in China to meet the growing demand for Tesla vehicles in China and export markets.
2. Added about 80,000 shares of cryptocurrency exchange Coinbase Global (COIN) at a cost of about $14.08 million. The stock closed up 3.95% in the previous session. The company posted its Q4 earnings report after U.S. stock market on Thursday, and its stock price fell about 5 percent at the end of a conference call between executives and analysts.
3. Purchased approximately 100,000 shares of Zoom Video Communications (ZM) at a cost of approximately $12.24 million. The stock closed up 5.72% in the previous session.
Sell
1. Sold about 650,000 shares of Trimble Navigation (TRMB) and cashed out about $42.7 million. The stock closed up 4.47% in the previous session.
2. Sold about 30,000 shares of Forte Pharmaceuticals (VRTX) and cashed out about $7.25 million. The stock closed slightly down 0.19 percent on the previous session.
3. Sold about 40,000 shares of ETSY and cashed out about $5.31 million. The stock closed up 10% in the previous session. The stock surged 20.55 percent after hours on Thursday after the company reported better-than-expected fourth-quarter earnings per share and sales. The data showed Q4 earnings per share of $1.11, compared to market expectations of $0.79; revenue was $7.1714, better than analysts' general expectations of $685.45 million.
4. In other respects, about 230,000 shares of Niu Electric (NIU) were sold. The stock closed almost flat on the previous session.
Coinbase related content:
Coinbase said last quarter that its stock should be considered a long-term investment because its business is "volatile."
In terms of the company's conference call with analysts, CEO Brian Armstrong refuted the idea that the industry could enter a new "crypto winter" (actually trying to express a bear market). In addition, the company's chief financial officer, Alesia Haas, said that while coinbase stock movements are largely related to changes in cryptocurrency prices, the company hopes that investors will eventually decouple these two factors considering the way it is diversifying its platform.
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Introduction to the ARK Fund
ARK Investments is one of the most beautiful investment firms in the US market in the past year, and its founder and fund manager, Ms. Catherine Wood, has been hailed by countless investors as a tech stock goddess.
Image source: Public Network
Founded in 2014 by Cathie Wood, ARK focuses on investing in opportunities for "disruptive innovation", namely genetic technology, robotics, artificial intelligence, energy storage and blockchain technology. ARK's main ETF, ARKK, has outperformed the NASDAQ index by about 136% since its inception. In January this year, the ARK series of funds won more funds than traditional investment management giants BlackRock and State Street. At present, ARK adheres to the strategy of "buying growth mid-cap stocks and selling value large-cap stocks". The ARK Fund is the ninth largest ETF issuer in the world.
ARK's six active ETFs are
ARKQ (Autonomous Technology and Robotics): This fund invests in companies that develop business in autonomous transportation, robotics, automation, 3D printing, energy storage, space exploration, etc. The fund generally contains 30-50 stocks. The market capitalization at the end of March 2021 was about $3.34 billion.
ARKF (FinTech Innovation): The fund mainly invests in companies in trading innovation, blockchain technology, risk transformation, frictionless funding platform, customer-facing platform, and new intermediaries. The fund generally contains 30-50 stocks. The market capitalization at the end of March 2021 was about $3.88 billion.
ARKW (Next Generation Internet): This fund invests primarily in companies in cloud computing and cybersecurity, e-commerce, big data and artificial intelligence, IoT and mobile technologies, social platforms, blockchain and P2P technologies. The Fund generally contains 35-50 stocks. The market capitalization at the end of March 2021 was about $7.15 billion.
ARKG (Genomic Revolution): This fund invests primarily in companies in Crispr, gene editing technologies, targeted research therapies, bioinformatics, molecular diagnostics, stem cells, and agricultural biology. The fund generally contains 30-50 stocks. The market capitalization at the end of March 2021 was about $9.49 billion.
ARKK (Disruptive Innovation): This stock is a combination of four other active ETFs and the largest ETF by market capitalization. The Fund generally contains 35-55 stocks. The market capitalization at the end of March 2021 was about $21.02 billion.
ARKX (Space Exploration): The ETF was officially listed and traded on March 30, and mainly invests in orbital and suborbital space stocks, promotion technology stocks and space benefit stocks.