What ARKK’s Rally Means for These Four Stocks
Shah Gilani|August 12, 2022
Cathie Wood, CEO of ARK Invest, was once famous for her almost supernatural ability to find “innovators” in the tech industry that weren’t just blowing smoke and selling dreams.
Tesla, Zoom, Shopify, Coinbase… Each revolutionized their corner on the tech space and launched the value of Cathie’s flagship ARKK Innovation ETF (ARKK) to the moon. In just 12 months, from the very bottom of the COVID pit to the peak of early 2021, ARKK climbed 320%…
Just to dive off into the abyss.
And it hasn’t recovered. Not by a long shot.
Sure, we’ve seen a nice bear market ally for ARKK after it bounced of its 52-week low of $35.14. But I wouldn’t trust it.
To learn more, click the video below.
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Shah Gilani
Shah Gilani is the Chief Investment Strategist of Manward Press. Shah is a sought-after market commentator… a former hedge fund manager… and a veteran of the Chicago Board of Options Exchange. He ran the futures and options division at the largest retail bank in Britain… and called the implosion of U.S. financial markets (AND the mega bull run that followed). Now at the helm of Manward, Shah is focused tightly on one goal: To do his part to make subscribers wealthier, happier and more free.