• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Top Trading Strategy
No Result
View All Result
Home Breaking News

Cathie Wood Watch: Ark Buys Aerospace, China Carmaker; Sells Pharma

by
March 16, 2022
in Breaking News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

Is Fidelcrest The Best Prop Trading Firm?

Is Ticktick Trader The Best Prop Trading Firm?

Is Earn2trade The Best Prop Trading Firm

Is Take Profit Trader The Best Prop Trading Firm

Asset manager Cathie Wood continues to buy and sell stocks amid the market’s volatility. Last week, she had choice words about oil prices.

Author:

Dan Weil

Publish date:

Mar 15, 2022 10:04 AM EDT

Star investor Cathie Wood, chief executive of Ark Investment Management, remains active in the tumultuous stock market, on Monday buying aerospace and Chinese-vehicle shares. She sold pharmaceutical stocks.

Ark funds purchased 817,817 shares of Archer Aviation  (ACHR) , an electric taxi aircraft maker, which was valued at $2.4 million. (All valuations are as of Monday’s close.)

Cathie Wood Watch: Ark Buys Biotech, Electric-Air-Taxi Producer 

Ark Autonomous Technology & Robotics ETF  (ARKQ) – Get ARK Autonomous Technology & Robotics ETF Report bought 53,228 shares of China’s BYD  (BYDDY) , which makes electric cars, valued at $2.3 million.

As for the pharma selling, Ark Genomic Revolution ETF  (ARKG) – Get ARK Genomic Revolution ETF Report sold 59,043 shares of Pfizer  (PFE) – Get Pfizer Inc. Report, valued at $3.1 million. 

Ark Genomic Revolution shed 4,785 shares of Regeneron  (REGN) – Get Regeneron Pharmaceuticals, Inc. Report, valued at $3.1 million. And Ark Genomic unloaded 32,331 shares of Vertex Pharmaceuticals  (VRTX) – Get Vertex Pharmaceuticals Incorporated Report, valued at $21.2 million.

INVESTING

VWAGYGMRACE

CRYPTOCURRENCY

EXPEEBAYAMC

INVESTING

UALDALAAL

Cathie Wood Watch: Ark Seeks to 3D-Print Investing Profits

Wood last week offered an interesting take on oil prices, as they soared in reaction to Russia’s invasion of Ukraine.

She wrote on Twitter that she erred in 2020, when she said oil demand probably peaked in 2019 and prices were headed down to $12.

“I got the supply shock wrong,” Wood wrote. “That said, the accelerated shift toward electric transportation will destroy oil consumption at the margin. Long-term, though longer-term than I expected, oil prices will collapse under the weight of lower demand. Innovation solves problems!”

And maybe her forecast wasn’t so off, Wood tweeted. “Oil demand probably did hit a secular peak in 2019,” she said.

“The supply shock caused by the energy insecurity policies of the current U.S. administration, [environment/social/governance] mandates globally, and now Russia’s invasion of Ukraine has raised prices to a point that will accelerate demand destruction.”

U.S. oil prices jumped 35% from Feb. 25 to March 8. But they have slid 22% since then, recently trading at $96.63 on the New York Mercantile Exchange.

Tags

terms:

AerospaceInvestingPharmaceuticalsAutomotiveStocksETFsAsset ManagerOilTradingCars

Next Post

Xpeng and more: Morgan Stanley says these stocks will benefit from rising oil prices

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

Is Fidelcrest The Best Prop Trading Firm?

by
September 27, 2023
0

Maybe you’re wondering, “Is FidelCrest a scam or legit?” It’s a good question, and I’m here to shed some light...

Read more

Is Fidelcrest The Best Prop Trading Firm?

Is Ticktick Trader The Best Prop Trading Firm?

Is Earn2trade The Best Prop Trading Firm

Is Take Profit Trader The Best Prop Trading Firm

Is SurgeTrader The Best Prop Trading Firm

Wednesday: Durable Goods

Load More

All rights reserved by www.toptradingstrategy.net

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.