After making a lot of money last year, "Wood Sister" pinched her fingers and calculated that technology stocks will continue to rise this year
芊芊551
发表于 2024-1-29 16:25:35
246
0
0
Cathie Wood, a star fund manager on Wall Street and CEO of Ark Investment Management, was able to make a comeback last year. Her Ark stock fund, which focuses on technology stocks, experienced a sharp decline for two years before rebounding and achieving one of the best performance in the industry.
According to data from Morningstar, Wood's $8 billion Ark Innovation ETF (ARKK) saw a 68% increase in 2023, ranking in the top 1% among similar funds. Prior to this, the average annualized loss of the fund between 2021 and 2022 was 50%, and investor sentiment towards the high growth companies it supports has significantly deteriorated in these two years.
Wood said, "I believe we did pay the price we paid in 2021 and 2022, and now we have passed this stage."
Wood's Optimistic Vision
ARKK Fund achieved over 150% growth in 2020 due to investments in companies such as Tesla. However, later on, due to the Federal Reserve raising interest rates to a 40 year high, this highly concentrated investment portfolio suffered a heavy blow in the following two years, losing 23% of its net worth in 2021 and another 67% in 2022.
Currently, Wood optimistically predicts that the Federal Reserve will cut interest rates in 2024 and inflation rates will fall to deflationary levels, which will help her innovation based ARKK fund investment strategy flourish.
Wood said, "To be honest, I think what happened to us in 2021 and 2022 is meaningless because innovation is here. Get ready for the golden time."
However, the current situation from the beginning of this year to the present is that ARKK has fallen by over 10% since early January, dragged down by major heavyweight stocks such as Tesla.
Despite this, Wood still increased his position in Tesla against the trend. When Tesla announced lower than expected results for the fourth quarter last Thursday (January 25th) and warned of a significant slowdown in sales this year, Wood chose to increase his holdings and bought approximately $32.48 million worth of stocks during the sharp drop in Tesla's stock price.
She continued to increase her position last Friday (26th) and bought 182541 Tesla shares, valued at approximately $33.45 million at closing price. Ark Investment purchased a total of $65.93 million worth of Tesla stocks last week.
Wood has always been confident in Tesla's autonomous driving technology, believing that it is the core of the company's expected robot taxi service to be launched in the future. She stated last year that Tesla's stock price is expected to reach its target price of $2000 per share by 2027, with approximately 67% of its corporate value attributed to autonomous taxi services.
Extremely unstable performance
"I think Ark Fund has been influenced by overconfidence forecasts, which often do not take into account enough scenarios. It has been proven that they are overly optimistic about bear market predictions," said Robby Greengold, a strategist at Morning Star
The company's data shows that in the past four years, ARKK funds have either ranked among the top or absolutely bottom among similar funds. The fund's 5-year annualized return rate is 2.8%, lagging behind almost all medium-sized growth and technology funds.
At present, Morning Star still ranks ARKK as a "one star fund" (out of five stars).
Since March 2021, the company's cash outflows have been approximately $9 billion, with outflows of approximately $470 million in 2023.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Federal Reserve Brown Book: Economic Activity Cools Down, Price Inflation has eased
- At the beginning of 2024, the global food market will continue to face crises: El Ni ñ o, export regulation
- Are there multiple cracks hidden in the resistance of the US stock market's upward trend? The risk of callback cannot be ignored
- The US stock market rose like a rainbow at the beginning of the year! Goldman Sachs raises its S&P 500 target price again
- UBS: US technology stocks continue to rise, artificial intelligence will continue to drive returns
- Is there still nearly 20% room for silver prices to rise? Bank of America: Silver's upward trend has just begun
- Market confidence has fully recovered! Investors return to the stock market after achieving the longest annual rise in the US stock market
- Has the direction of the election changed? Trump's net assets evaporated by over $1 billion, and his media stocks reversed their upward trend
-
苹果知名分析师郭明錤周四(10月31日)在社交媒体上发文表示,苹果明年可能会减少对芯片制造商博通Wi-Fi芯片的依赖,并推出自己的处理器。 郭明錤在社交媒体平台X上写道,“在2025年下半年的新产品(例如iPh ...
- uturn
- 昨天 14:42
- 支持
- 反对
- 回复
- 收藏
-
10月30日,小鹏汽车生态企业小鹏汇天宣布,旗下分体式飞行汽车“陆地航母”即将亮相2024中国航展,11月12日将在中国航展第二展区(斗门莲洲)进行全球首次公开飞行,同时“陆地航母”也将在珠海国际航展中心8号 ...
- yxtianyouyou
- 前天 11:43
- 支持
- 反对
- 回复
- 收藏
-
交易所监管文件显示,当地时间11月1日,亚马逊创始人杰夫·贝索斯拟出售约1635万股亚马逊股票,预计套现约30.5亿美元。今年7月,贝索斯已申请额外出售约2500万股亚马逊股票,按当时股价计算可套现约50亿美元。 ...
- blueskybb
- 5 小时前
- 支持
- 反对
- 回复
- 收藏
-
近日,凯撒海湾目的地(山东)运营管理有限责任公司(简称“凯撒海湾”)与携程旅悦集团签署战略合作协议,双方将围绕“海上目的地运营”、“旅游产品与服务创新”、“研学旅行”、“日韩及海外旅游市场开拓”等 ...
- llyyy2008
- 3 小时前
- 支持
- 反对
- 回复
- 收藏