Cathie Wood’s ARK Invest ETFs are among the most popular funds after 2020’s huge rise in the stock market. Five ARK Invest shares to buy and track are DraftKings, Sea Limited, Square, Teladoc Health and Tesla.
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ARK ETFs
The flagship fund of the ARK Invest investment company is ARK Innovation ETF (ARKK). The ARKK ETF focuses on companies that demonstrate “disruptive innovation”, a technological new product or service that could potentially change the way the world works.
The ARK Innovation ETF rose more than 152% in 2020, reaching the Nasdaq’s solid return of 43.6%.
Other ARK ETFs include Autonomous Technology & Robotics (ARKQ), Next Generation Internet (ARKW), Genomic Revolution (ARKG), Fintech Innovation (ARKF) and the recently debuted Space Exploration and Innovation (ARKX).
How to invest like Cathie Wood: focus on game changers
The ARKK fund’s big profit in 2020 is the result of great success stories in leading technological areas: DNA sequencing, robotics, artificial intelligence, energy storage and blockchain technology.
“Disruptive innovation is often not properly praised by traditional investment strategies because people may not understand how big the ultimate opportunities are going to be. They do not seize the opportunity and do not analyze the disruption,” said Wood, the founder and CEO head of ARK Invest, commented on the company’s website.
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ARK Siege Shares To Buy And View
Amid the current rise in stock markets – according to IBD’s market outlook – investors need to focus on buying top stocks that break out of the right buying points.
ARK Invest shares to buy and view, and their ticks, include DraftKings (DKNG), Sea Limited (SAY), Square (SQ), Tesla (TSLA) and Teladoc Health (TDOC).
| company name | Symbol | Closing price | Weight in ARKK |
|---|---|---|---|
| Tesla | (TSLA) | 762.32 | 11.7% |
| Square | (SQ) | 273.23 | 7.0% |
| Teladoc Health | (TDOC) | 189.25 | 6.1% |
| Sea Limited | (SAY) | 244.20 | 1.6% |
| DraftKings | (DKNG) | 59.24 | 0.8% |
Source: ARK funded data from 13 April 2021
DraftKings Share
DraftKings is an online sports platform that allows users to play daily fantasy games and win cash prizes. The company plans to take advantage of the growing legalization of digital sports betting in the US
DraftKings stock is below the 50-day moving average. It can form a base once the share of its deteriorating trend recovers. There is currently no buying point, but a definite repossession of the 50-day line will be positive for the stock’s outlook.
The sports betting leader is one of the latest ARK Invest stocks. On March 8, ARK Invest announces a new position of 748,000 shares for the ARKK ETF.
DKNG share fell 2.4% on Thursday.
Sea Limited stock
Sea says it has the largest digital entertainment platform and the largest e-commerce industry in the Southeast Asia region, consisting of Indonesia, Taiwan, Vietnam, Thailand, the Philippines, Malaysia and Singapore. Its market range extends into Latin America.
Sea Limited shares form the right of a cup base, offering a 285.10 buy point. Look out for a potential handle on creating a lower entry. Shares rose nearly 2% on Thursday.
This Cathie Wood stock is a new buying point
Square is a leader in digital payments and cryptocurrency. Recently, Square announced a new $ 170 million investment in Bitcoin in addition to the $ 50 million purchase in October. Bitcoin represents 5% of total company assets.
Square stock is fast approaching a 283.29 buy point in a cup base. Shares are about 5% off the buying point. Despite the rise of more than 700% due to the lows in the coronavirus market, the base of SQ stocks is still early.
According to IBD Stock Checkup, Square stock has a perfect 99 IBD Composite Rating. The IBD Composite Rating helps investors measure the quality of the fundamentals and technical benchmarks of a stock.
The square stock rose by almost 2% on Thursday.
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Why Tesla is one of the best ARK Invest stocks
Tesla shares are one of the top ARK Invest shares, with a tremendous weight of 11% in the ARKK ETF portfolio. In mid-January, ARK Invest announced its 2025 price target on Tesla share of 3,000 per share.
On April 13, the Tesla share rose more than 8% to definitely regain its 50-day moving average. Shares are building on the right side of a new cup base. But it’s a late stage.
The TSLA share gained 0.9% on Thursday.
Teladoc Health Stock
Teladoc Health offers on-demand healthcare services, such as appointments for non-emergency physicians, online. More doctors and patients opt for telemedicine due to Covid-19. Teladoc is one of the largest ARK Invest shares, with a weight of more than 6% in the ARKK portfolio.
TDOC shares are trading around 40% from its 52-week high and are well below the ten-week moving average. Shares rose more than 2% on Thursday.
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