Cathie Wood’s ARK Invest ETFs are some of the hottest funds after 2020’s huge stock market gains. Seven ARK Invest stocks to buy and watch are Coinbase, DraftKings, Roku, Block, Teladoc Health, Tesla and Zoom Video.
The ARK Invest investment company’s flagship fund is ARK Innovation ETF (ARKK). The ARKK ETF focuses on companies that exhibit “disruptive innovation,” a technologically enabled new product or service that potentially changes the way the world works.
The ARK Innovation ETF surged more than 152% in 2020, handily beating the Nasdaq’s hefty 43.6% return. But the ARKK ETF is sharply underperforming the Nasdaq in 2021. Through Dec. 23, the ARKK is down 20.4% compared to the Nasdaq’s 21.5% advance.
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 huge gain in 2020 resulted from big stock success stories in cutting-edge tech areas: DNA sequencing, robotics, artificial intelligence, energy storage and blockchain technology.
“Disruptive innovation is often not priced correctly by traditional investment strategies because people may not understand how big the ultimate opportunities are going to be. They aren’t sizing the opportunity and they aren’t analyzing the disruption,” Wood, the founder and CEO of ARK Invest, commented on the company’s website.
Stock Market ETF Strategy And How To Invest
ARK Invest Stocks To Buy And Watch
Amid the current stock market uptrend — according to IBD’s market outlook — investors should focus on buying top stocks breaking out past correct buy points.
ARK Invest stocks to buy and watch, and their tickers, include Coinbase Global (COIN), DraftKings (DKNG), Roku (ROKU), Block (SQ), Tesla (TSLA), Teladoc Health (TDOC) and Zoom Video (ZM).
Weight In ARKK